X2M Connect (ASX:X2M) First Half 2023 Results
Key Financial Results
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Revenue: AU$9.35m (up 104% from 1H 2022).
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Net loss: AU$2.94m (loss narrowed by 55% from 1H 2022).
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AU$0.019 loss per share (improved from AU$0.064 loss in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
X2M Connect Earnings Insights
Looking ahead, 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.
Performance of the Australian Electronic industry.
The company's shares are down 19% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 5 warning signs for X2M Connect you should be aware of, and 3 of them are a bit concerning.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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