Australian (ASX) Stock Market Forum

X2M - X2M Connect

Joined
27 June 2010
Posts
4,147
Reactions
309
X2M Connect Limited is an Internet of Things (IoT ) business initially focused on digitising the utility sector in the Asia Pacific Region (APAC) with its proprietary technology. The Company’s core value proposition is to assist both utilities and governments to save time, money and enhance public safety, by enabling both new and existing utility devices to communicate both to each other and to a centralised system via the internet. In the longer term, the Company believes that its technology has potential application in other industry settings. Indeed, on a limited scale it is currently applied outside the utility sector.

The Company’s IoT technology enables any device, such as utility meters or sensors, to communicate with any other device on any communications platform. It does this by replacing manual and on-site processes with smart technology that enables the collection of data for analytics, process automation and control of remote end devices. Once enabled with the Company’s technology, customers such as utility providers and local governments can access extensive live data from any one or more devices or sensors across their network. This interoperability feature, which enables devices to communicate over the one platform, is a key competitive advantage for X2M.

The Company is initially focussed on enabling efficient supply of water, gas, electricity and other utilities in the APAC region and has existing supply contracts with customers in Australia, Japan, Korea, China and Taiwan.

It is anticipated that X2M will list on the ASX during September 2021.

 
Listing date10 September 2021 #
Company contact details Ph: 1800 926 926
Principal ActivitiesInternet of Things (IoT) technology platform
GICS industry groupTBA
Issue Price$0.25
Issue TypeOrdinary Fully Paid Shares
Security codeX2M
Capital to be Raised$8,000,000
Expected offer close date23 August 2021
UnderwriterThis offer is not underwritten. Bell Potter Securities Limited (Lead Manager)
 
New company published financial results immediately after listing.
Very brave and good I would say.
The snippet is here.
Not dived down, on the face, I was thinking if revenue has gone up 82 pc and 93 pc increased connections but 11% down EBITA - could that be initial teething stage to capture the profit at the initial stage, too much discount or business model requires scrutiny ?
Yes it is not a full scale analysis as company just listed couple of days back.


DNH

1632354341113.png
 
Top