• Q4 revenue of $1.7 million, up 1% YoY
• Gross profit of $0.8 million, up 1% YoY
• Operating expenses down 24% YoY
• Enterprise/government customers increased to 91
• Net cash burn from operating activities down 70% QoQ

X2M Connect Limited (ASX:X2M) reported a quarterly revenue of $1.7 million for the period ended 30 June 2026, up 1% from the prior corresponding period. The company's gross profit was $0.8 million, up 1% year-over-year. Operating expenses decreased by 24% compared to the prior corresponding period. X2M's enterprise and government customer base grew to 91, up 12% year-over-year. The company's net cash burn from operating activities was $1 million, down 70% from the previous quarter. X2M's strategic initiatives include preparations for entry into the data centre market, smart community agreements in Australia, and new product releases in South Korea.

X2M targets a 10 to 20 per cent reduction in data centre precinct energy costs

X2M enters FY27 with approximately $3 million in revenue already contracted and a materially lower cost base. The company is focusing on progressing the precinct pipeline and increasing its share of the addressable market in South Korea.