Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. CEO, MD & Director Mohan Jesudason was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Feb 27
X2M Connect Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million. X2M Connect Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 253,284,348
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00036
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 246,715,652
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00036
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Feb 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$4.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.2m free cash flow). Share price has been highly volatile over the past 3 months (27% average weekly change). Negative equity (-AU$4.5m). Earnings have declined by 0.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (168% increase in shares outstanding). Market cap is less than US$10m (AU$7.09m market cap, or US$5.04m). Reported Earnings • Feb 27
First half 2026 earnings released: AU$0.004 loss per share (vs AU$0.009 loss in 1H 2025) First half 2026 results: AU$0.004 loss per share (improved from AU$0.009 loss in 1H 2025). Revenue: AU$5.10m (up 42% from 1H 2025). Net loss: AU$3.14m (loss narrowed 1.3% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings. New Risk • Dec 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 22% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Negative equity (-AU$8.9m). Shareholders have been substantially diluted in the past year (180% increase in shares outstanding). Market cap is less than US$10m (AU$13.2m market cap, or US$8.78m). Minor Risk Revenue is less than US$5m (AU$6.5m revenue, or US$4.3m). Aankondiging • Oct 28
X2M Connect Limited, Annual General Meeting, Nov 25, 2025 X2M Connect Limited, Annual General Meeting, Nov 25, 2025. Reported Earnings • Oct 01
Full year 2025 earnings released: AU$0.033 loss per share (vs AU$0.025 loss in FY 2024) Full year 2025 results: AU$0.033 loss per share (further deteriorated from AU$0.025 loss in FY 2024). Revenue: AU$6.47m (down 43% from FY 2024). Net loss: AU$12.1m (loss widened 92% from FY 2024). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 29
Full year 2025 earnings released: AU$0.031 loss per share (vs AU$0.026 loss in FY 2024) Full year 2025 results: AU$0.031 loss per share (further deteriorated from AU$0.026 loss in FY 2024). Revenue: AU$6.82m (down 49% from FY 2024). Net loss: AU$11.3m (loss widened 73% from FY 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Aankondiging • Aug 25
X2M Connect Limited has completed a Follow-on Equity Offering in the amount of AUD 2.6 million. X2M Connect Limited has completed a Follow-on Equity Offering in the amount of AUD 2.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 200,000,000
Price\Range: AUD 0.013
Discount Per Security: AUD 0.00078
Transaction Features: Subsequent Direct Listing Aankondiging • Aug 23
X2M Connect Limited has completed a Follow-on Equity Offering in the amount of AUD 2.810101 million. X2M Connect Limited has completed a Follow-on Equity Offering in the amount of AUD 2.810101 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 23,761,594
Price\Range: AUD 0.013
Discount Per Security: AUD 0.00078
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 192,400,000
Price\Range: AUD 0.013
Discount Per Security: AUD 0.00078
Security Features: Attached Options
Transaction Features: Rights Offering New Risk • Aug 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Negative equity (-AU$234k). Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Market cap is less than US$10m (AU$10.1m market cap, or US$6.58m). New Risk • Jul 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Negative equity (-AU$234k). Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Market cap is less than US$10m (AU$7.18m market cap, or US$4.70m). Aankondiging • Jun 18
X2M Connect Limited has filed a Follow-on Equity Offering in the amount of AUD 1.957296 million. X2M Connect Limited has filed a Follow-on Equity Offering in the amount of AUD 1.957296 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 46,875,000
Price\Range: AUD 0.016
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 75,456,000
Price\Range: AUD 0.016
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Mar 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$6.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.5m free cash flow). Shares are highly illiquid. Negative equity (-AU$234k). Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Market cap is less than US$10m (AU$9.02m market cap, or US$5.61m). Aankondiging • Dec 16
X2M Connect Limited has completed a Follow-on Equity Offering in the amount of AUD 0.362 million. X2M Connect Limited has completed a Follow-on Equity Offering in the amount of AUD 0.362 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,480,000
Price\Range: AUD 0.025
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • Oct 29
X2M Connect Limited, Annual General Meeting, Nov 26, 2024 X2M Connect Limited, Annual General Meeting, Nov 26, 2024. Reported Earnings • Oct 02
Full year 2024 earnings released: AU$0.026 loss per share (vs AU$0.035 loss in FY 2023) Full year 2024 results: AU$0.026 loss per share (improved from AU$0.035 loss in FY 2023). Revenue: AU$13.4m (down 17% from FY 2023). Net loss: AU$6.51m (flat on FY 2023). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Aankondiging • Sep 27
X2M Connect Limited to Report Fiscal Year 2024 Results on Sep 27, 2024 X2M Connect Limited announced that they will report fiscal year 2024 results on Sep 27, 2024 Reported Earnings • Aug 31
Full year 2024 earnings released: AU$0.026 loss per share (vs AU$0.035 loss in FY 2023) Full year 2024 results: AU$0.026 loss per share (improved from AU$0.035 loss in FY 2023). Revenue: AU$13.7m (down 15% from FY 2023). Net loss: AU$6.51m (flat on FY 2023). Aankondiging • Aug 19
X2M Connect Limited has filed a Follow-on Equity Offering in the amount of AUD 2.00075 million. X2M Connect Limited has filed a Follow-on Equity Offering in the amount of AUD 2.00075 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,018,755
Price\Range: AUD 0.04
Transaction Features: Rights Offering Aankondiging • Jul 18
X2M Connect Limited has completed a Follow-on Equity Offering in the amount of AUD 0.35 million. X2M Connect Limited has completed a Follow-on Equity Offering in the amount of AUD 0.35 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,250,000
Price\Range: AUD 0.04
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,500,000
Price\Range: AUD 0.04
Transaction Features: Subsequent Direct Listing Aankondiging • Jul 11
X2M Connect Limited has filed a Follow-on Equity Offering in the amount of AUD 0.35 million. X2M Connect Limited has filed a Follow-on Equity Offering in the amount of AUD 0.35 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,750,000
Price\Range: AUD 0.04
Transaction Features: Subsequent Direct Listing Aankondiging • May 31
X2M Connect Limited announced that it has received $1.138475 million in funding from Black Rock Mining Limited On May 31, 2024, X2M Connect Limited closed the transaction. The company issued 28,250,000 common shares at a price of $0.0403 per share for gross proceeds of $1,138,475 in the transaction. Aankondiging • Apr 03
X2M Connect Limited has completed a Follow-on Equity Offering in the amount of AUD 1.523488 million. X2M Connect Limited has completed a Follow-on Equity Offering in the amount of AUD 1.523488 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,534,831
Price\Range: AUD 0.04
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,552,375
Price\Range: AUD 0.04
Transaction Features: Rights Offering New Risk • Feb 29
New major risk - Negative shareholders equity The company has negative equity. Total equity: -AU$785k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-AU$785k). Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Minor Risk Market cap is less than US$100m (AU$15.5m market cap, or US$10.1m). New Risk • Feb 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 60% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Market cap is less than US$10m (AU$13.4m market cap, or US$8.66m). Aankondiging • Jan 31
X2M Connect Limited announced that it expects to receive $1.3 million in funding from Black Rock Mining Limited X2M Connect Limited entered into a binding agreement with new investor Black Rock Mining Limited for issuance of 32,258,065 common shares at a price of $0.0403 per share for gross proceeds of $1,300,000.0195 on January 29, 2024. The transaction is expected to be completed by January 31, 2024. Post closing, the investor will own approximately 11% stake in the company. As part of the transaction, Black Rock Mining Limited will join the board of directors of the company. Aankondiging • Dec 06
X2M Connect Limited has filed a Follow-on Equity Offering in the amount of AUD 1.523479 million. X2M Connect Limited has filed a Follow-on Equity Offering in the amount of AUD 1.523479 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 38,086,984
Price\Range: AUD 0.04
Transaction Features: Rights Offering Aankondiging • Oct 27
X2M Connect Limited has completed a Follow-on Equity Offering in the amount of AUD 0.98 million. X2M Connect Limited has completed a Follow-on Equity Offering in the amount of AUD 0.98 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 21,777,785
Price\Range: AUD 0.045
Transaction Features: Subsequent Direct Listing Aankondiging • Sep 27
X2M Connect Limited to Report Fiscal Year 2023 Results on Sep 27, 2023 X2M Connect Limited announced that they will report fiscal year 2023 results on Sep 27, 2023 Aankondiging • Sep 21
X2M Connect Limited, Annual General Meeting, Oct 20, 2023 X2M Connect Limited, Annual General Meeting, Oct 20, 2023, at 10:00 AUS Eastern Standard Time. Agenda: To consider ratification of issue of securities; to consider and approval of issue of securities; and top consider other matters if any. Reported Earnings • Aug 31
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: AU$0.035 loss per share (improved from AU$0.077 loss in FY 2022). Revenue: AU$16.9m (up 62% from FY 2022). Net loss: AU$6.51m (loss narrowed 36% from FY 2022). Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 6.1%. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in Australia. Board Change • Apr 19
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Damien Johnston is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Damien Johnston is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 04
First half 2023 earnings released: AU$0.019 loss per share (vs AU$0.064 loss in 1H 2022) First half 2023 results: AU$0.019 loss per share (improved from AU$0.064 loss in 1H 2022). Revenue: AU$9.35m (up 104% from 1H 2022). Net loss: AU$2.94m (loss narrowed 55% from 1H 2022). Revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in Australia. Breakeven Date Change • Nov 16
Forecast to breakeven in 2025 The analyst covering X2M Connect expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$2.20m in 2025. Average annual earnings growth of 72% is required to achieve expected profit on schedule. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Jodie Leonard is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Sep 28
X2M Connect Limited, Annual General Meeting, Nov 29, 2022 X2M Connect Limited, Annual General Meeting, Nov 29, 2022, at 10:00 AUS Eastern Standard Time. Agenda: To consider nomination of directors. Reported Earnings • Sep 05
Full year 2022 earnings released: AU$0.077 loss per share (vs AU$0.12 loss in FY 2021) Full year 2022 results: AU$0.077 loss per share. Revenue: AU$10.4m (up 79% from FY 2021). Net loss: AU$10.2m (loss widened 23% from FY 2021). Board Change • Jun 30
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Jodie Leonard is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Oct 10
Joint Company Secretary Brett Tucker has left the company On the 30th of September, Brett Tucker's tenure as Joint Company Secretary ended. We don't have any record of a personal shareholding under Brett's name. Brett is the only executive to leave the company over the last 12 months. Recent Insider Transactions • Sep 28
Insider recently bought AU$500k worth of stock On the 20th of September, Andrew Grieg bought around 2m shares on-market at roughly AU$0.25 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Aankondiging • Sep 21
X2M Connect Limited has completed an IPO in the amount of AUD 8 million. X2M Connect Limited has completed an IPO in the amount of AUD 8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,000,000
Price\Range: AUD 0.25
Discount Per Security: AUD 0.015 