Co-founders of XMI and brothers Reuben (left) and Ryan Lee, who is the chief executive, with some of the company's audio products. Despite financial mismanagement, wireless technology disruption and lost margins due to e-commerce, XMI - after a fund-raising exercise - is making a comeback, with new product launches this year and a revamped business model to tap e-commerce.
Caption: 
Co-founders of XMI and brothers Reuben (left) and Ryan Lee, who is the chief executive, with some of the company's audio products. Despite financial mismanagement, wireless technology disruption and lost margins due to e-commerce, XMI - after a fund-raising exercise - is making a comeback, with new product launches this year and a revamped business model to tap e-commerce.