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Home CompaniesX2M Connect Ltd

X2M Connect Ltd

Technology Scientific & Technical Instruments
PortfolioPortfolio WatchlistWatchlist
Company price
0.003 AUD 0.00(0%)
Last update at 2026-11-12T03:58:00Z
VOLUME
7305125
Market Cap
7.78M

Momentum Score

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X2M Connect Limited, a technology company, engages in the utility and smart city sector in South Korea, Taiwan, and internationally. It is involved in activities, such as gas monitoring and control; water monitoring and control; energy monitoring, control, and optimization; data collection and delivery for artificial intelligence and data analytics applications; and public safety applications, including the launch and sale of HelpMe devices. X2M Connect Limited was incorporated in 2019 and is based in Mount Waverley, Australia.

Source: TradingView
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Day Price Range
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52 Week Price Range
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Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

X2M Connect Ltd is an ASX-listed company that appears to operate in the Internet-of-Things and connected devices area, with limited public detail on its product mix and markets. Long-term growth may be supported by broader IoT adoption, rising demand for remote monitoring and data services, and the potential to convert device sales into recurring revenue, which could make the company attractive to investors seeking exposure to these structural trends.

Primary investment risks include limited public disclosure and transparency, small-cap liquidity and financing constraints, execution and competitive pressures in the IoT sector, and regulatory or compliance risks for safety-related devices.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.00
Dividend Yield
-
Revenue TTM
8.94M
Revenue Per Share
0.01
Gross Profit TTM
3.87M
Debt / Equity
-1.09
ROE
-1370.92%
Net Debt
2.18M
ROCE
209.11%
Diluted EPS TTM
-

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Income before tax -5.43M -11.28M -6.51M -6.51M -10.22M
Net income -5.26M -12.11M -6.51M -6.51M -10.24M
Selling general administrative - 1.00M 6.24M 6.00M 7.44M
Selling and marketing expenses - 0.71M 0.05M 0.18M -
Gross profit -2.37M -0.93M -1.05M 3.80M 2.31M
Reconciled depreciation - - 1.33M 1.05M 0.95M
Ebit -5.23M -5.74M -5.56M -6.30M -10.15M
Ebitda -3.73M -4.24M -4.45M -5.25M -9.20M
Depreciation and amortization 1.50M 1.51M 1.11M 1.05M 0.95M
Operating income -5.23M -2.64M -2.30M -6.30M -10.15M
Other operating expenses 14.17M 9.12M 15.69M 23.17M 20.98M
Interest expense 0.88M 1.47M 0.97M 0.21M 0.07M
Tax provision - 0.00M 0.00M 0.00M 0.01M
Interest income - 1.53M 0.01M 0.21M 0.00M
Net interest income - - -0.96M -0.21M -0.07M
Extraordinary items - -0.83M -0.17M - -
Income tax expense -0.31M 0.00M 0.00M 0.00M 0.01M
Total revenue 8.94M 6.47M 13.38M 16.21M 10.39M
Total operating expenses 2.86M 1.71M 2.60M 10.76M 12.90M
Cost of revenue 11.31M 7.41M 13.09M 12.41M 8.07M
Total other income expense net -0.20M -8.64M -4.21M 0.65M 0.44M
Net income from continuing ops - - -6.51M -6.51M -10.24M
Net income applicable to common shares - -12.97M -6.51M -6.51M -10.24M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total assets 5.83M 5.06M 13.52M 14.18M 8.17M
Intangible assets 0.84M - - 3.95M 3.10M
Other current assets 0.43M 2.07M 0.95M 2.49M 2.85M
Total liab 9.03M 13.04M 12.98M 13.77M 6.62M
Total stockholder equity -3.19M -7.98M 0.54M 0.41M 1.56M
Other current liab 2.21M 4.08M 3.14M 3.55M 2.20M
Common stock 41.09M 30.88M 29.05M 24.13M 19.29M
Capital stock - - - 24.13M 19.29M
Retained earnings -47.33M -44.62M -32.91M -26.39M -19.88M
Other liab - - - 0.45M 0.30M
Other assets - - - 0.43M 0.20M
Cash 1.30M 1.62M 1.94M 1.79M 1.02M
Cash and equivalents - - - 1.79M 1.02M
Total current liabilities 8.33M 11.77M 9.37M 13.06M 5.98M
Current deferred revenue 0.65M - 1.73M 2.52M 1.88M
Net debt 2.18M 4.95M 1.55M 0.70M 0.12M
Short term debt 3.37M 5.96M 0.44M 2.23M 0.80M
Short long term debt - - - 2.07M 0.56M
Short long term debt total 3.48M 6.57M 3.49M 2.49M 1.14M
Other stockholder equity - - -0.00M -26.39M 2.14M
Property plant equipment - - - 0.45M 0.63M
Total current assets 4.02M 4.34M 7.42M 9.35M 4.25M
Long term investments - - - 0.43M -
Net tangible assets - - - -3.54M -1.54M
Net receivables 2.14M 0.56M 4.46M 2.57M 0.24M
Inventory 0.14M 0.10M 0.07M 0.23M 0.14M
Accounts payable 2.11M 1.73M 4.05M 4.76M 1.09M
Accumulated other comprehensive income 3.04M 5.76M 4.40M 2.67M 2.14M
Non currrent assets other 0.45M 0.44M 5.08M 0.43M 0.20M
Non current assets total 1.82M 0.72M 6.10M 4.83M 3.93M
Capital lease obligations - - - 0.42M 0.58M
Long term debt total - - - 0.26M 0.34M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Investments - - -3.33M -2.91M -1.81M
Change to liabilities - - - 5.35M 2.05M
Total cashflows from investing activities -3.42M -2.16M -3.33M -2.91M -1.81M
Net borrowings - - 0.84M 1.18M -0.09M
Total cash from financing activities 5.71M 4.78M 5.89M 5.97M 7.21M
Change to operating activities - - - -0.45M -1.06M
Net income -5.12M -12.11M -6.51M -6.51M -10.24M
Change in cash -0.39M -0.32M 0.15M 0.77M -0.93M
Begin period cash flow 1.69M 1.94M 1.79M 1.02M 1.95M
End period cash flow 1.30M 1.62M 1.94M 1.79M 1.02M
Total cash from operating activities -2.59M -2.79M -2.38M -2.33M -6.21M
Issuance of capital stock - - 4.73M 5.16M 8.00M
Depreciation 1.50M 1.51M 1.33M 1.05M 0.95M
Other cashflows from investing activities -0.05M -2.16M -2.77M -0.22M -0.11M
Dividends paid - - - 0.78M 0.50M
Change to inventory -0.04M -0.02M 0.16M -0.09M -0.06M
Change to account receivables -0.10M -0.31M 0.59M -2.32M -0.04M
Sale purchase of stock - 1.69M -0.27M -0.37M -0.69M
Other cashflows from financing activities -0.29M 0.10M 0.59M -0.23M -0.20M
Change to netincome - - - 0.65M 2.18M
Capital expenditures 0.01M 0.00M 0.04M 2.70M 1.70M
Change in working capital -0.21M 1.19M 3.16M 2.48M 0.90M
Stock based compensation - 0.65M 1.03M 0.65M 2.18M
Other non cash items 1.24M 5.97M -1.40M 1.17M 3.98M
Free cash flow -2.60M -2.79M -2.42M -5.03M -7.91M

Peer Comparison*

Sector: Technology Industry: Scientific & Technical Instruments

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
X2M
X2M Connect Ltd		 -
-%		 0.00 - - 0.87 26.55 1.11 -2.22
CDA
Codan Ltd		 -1.83
3.16%		 56.07 58.46 36.76 11.69 17.92 12.47 38.25
CAT
Catapult Group International Ltd		 -0.05
1.31%		 3.76 - 49.02 8.40 3.56 5.03 46.83
OIL
Optiscan Imaging Ltd		 0.00
1.29%		 0.16 - 10.82 44.85 8.28 320.51 -12.11
IKE
Ikegps Group Ltd		 -
-%		 0.70 - - 4.96 6.72 5.61 -3.62

Profile*

X2M Connect Ltd

X2M Connect Limited, a technology company, engages in the utility and smart city sector in South Korea, Taiwan, and internationally. It is involved in activities, such as gas monitoring and control; water monitoring and control; energy monitoring, control, and optimization; data collection and delivery for artificial intelligence and data analytics applications; and public safety applications, including the launch and sale of HelpMe devices. X2M Connect Limited was incorporated in 2019 and is based in Mount Waverley, Australia.

Building B, Mount Waverley, VIC, Australia, 3149

61 1800 926 926

https://x2mconnect.com

53

Name Title Year Born
Mr. Mohan C. Jesudason Chief Exec. Officer NA
Mr. Keith Jelley Chief Operating Officer NA
Mr. Yoshio Matsunaga Managing Director of Japan NA
Mr. Steve Fang Managing Director of Taiwan & People's Republic of China NA
Mr. Yongsun Kim Managing Director of South Korea NA
Mr. Oliver Carton BJuris, L.L.B., LLB Company Sec. 1964
Mr. Mohan C. Jesudason CEO, MD & Director NA
Mr. Oliver Carton BJuris, L.L.B., LLB Company Secretary 1964
Mr. Mohan C. Jesudason CEO, MD & Director NA
Mr. Oliver Carton BJuris, L.L.B., LLB Company Secretary 1964

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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