bullish
X2M Connect (ASX:X2M) - China Contract Adds to H2 Progress
SUMMARY
- X2M Connect (ASX:X2M), which is focused on digitising the utilities sector across APAC, has secured $1.8m in hardware water quality sensor sales in China with three new contract.
- The contracts bring the contribution from China to $3.4m this financial year which exceeds the revenue generated from China in FY22;
- While this announcement is in our numbers, it provides comfort for both near-term and longer-term estimates as units in the field support future recurring subscription fees.
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