ConnectM Technology Solutions Inc

Earnings data Q2 2024

Earnings data Q3 2024

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Connectm Technology Solutions, Inc. is a technology company, which engages in the electrification economy by integrating electrified energy assets with an AI-driven technology solutions platform. It provides solutions for residential and light commercial buildings, and all-electric original equipment manufacturers (OEMs), with a proprietary digital platform to accelerate the transition to solar and all-electric heating, cooling, and transportation to reduce dependence on fossil fuels, overall energy costs, and carbon footprint. The company was founded on March 22, 2019 and is headquartered in Marlborough, MA.

~ Third Quarter Revenue Increased 36% to $6.1 million YoY~ ~ Revenues For The Nine Months Increased 11% to $17.3 million ~ ~ FY2024 On-Track to Deliver Revenue of North of $24.0 million, an Increase of 20% YoY ~ ~ On Track to Achieve Operating Cash Flow Breakeven in The First Quarter of 2025~ MARLBOROUGH, Mass., Nov. 19, 2024 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a technology company focused on the electrification economy, today announced preliminary results for the quarter ended September 30, 2024.

ConnectM Releases Preliminary Third Quarter 2024 Results & Details Significant Operational Progress

~ Expected to Add $20+ Million in Revenue in Next Twelve Months ~ ~ Completed MSA and Pipeline of MSAs Unique to ConnectM's Growth Strategy, Offers Topline Growth and Profitability at an Accelerated Pace ~ MARLBOROUGH, Mass., Oct. 01, 2024 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a technology company focused on the electrification economy, today announced it has entered into a Master Services Agreement (the “MSA”) with Devlin Contracting and Maintenance, Inc. doing business as Devlin Energy, a business dedicated to renewable energy and solar installations within New England.

ConnectM Secures Transformative Master Services Agreement with Devlin Energy, Most Trusted Solar and Battery Retrofit Installer in New England

~ Conversion Reduces Annual Interest Expense by $1.8 Million Transferring to Free Cash Flow of Equal Value ~ MARLBOROUGH, Mass., Sept. 17, 2024 (GLOBE NEWSWIRE) --  ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a technology company focused on the electrification economy, today announced the Company has completed more than half of its initial tranche of a debt-to-equity swap by converting $7.5 million of the Company's outstanding debt to common equity at $2.00 per share.

ConnectM Successfully Eliminates $7.5 Million in Debt, Reaching Halfway Mark in Debt-To-Equity Conversion

Opens Trading Window for Management MARLBOROUGH, Mass., Aug. 28, 2024 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a technology company focused on the electrification economy, today announced that the Company's Board of Directors has approved a debt equity swap to deleverage the balance sheet, converting up to $15 million of the Company's outstanding debt to common equity at $2.00 per share.

ConnectM Prepares to Deleverage Balance Sheet with Board's Approval of Debt-to-Equity Conversion

ConnectM Technology (NASDAQ: CNTM ) just reported results for the second quarter of 2024. ConnectM Technology reported earnings per share of 15 cents.

CNTM Stock Earnings: ConnectM Technology Reported Results for Q2 2024

~ Investor Presentation Now Accessible Via Investor Relations Website and on File with SEC ~ ~ Highlights Asset Light and Capital Efficient Energy Intelligence Network ~ MARLBOROUGH, Mass., Aug. 22, 2024 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a technology company focused on the electrification economy, today published its investor presentation to the Company's investor relations website, which can be accessed here.

ConnectM Publishes New Investor Materials

For the Third Consecutive Year, ConnectM Earns a Spot on the Inc. 5000 Achieving Three-Year Revenue Growth of 1,200% For the Third Consecutive Year, ConnectM Earns a Spot on the Inc. 5000 Achieving Three-Year Revenue Growth of 1,200%

ConnectM Ranks No. 104 on the Inc. 5000

~ Cumulative Electrification of 87 GWh Compared to 29 GWh in 1H23 ~ ~ Significant Growth of Electrified Assets Validates Technology of Energy Intelligence Network ~ MARLBOROUGH, Mass., Aug. 12, 2024 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a technology company focused on the electrification economy, today published an impact scorecard for the six months ending June 30, 2024.

ConnectM Publishes Impact Scorecard for the Six Months Ended June 30, 2024

~ Advances M&A Strategy with First Acquisition Following Public Debut in July 2024 ~ ~ Enters $165B U.S. Couriers and Local Delivery Services Market ~ ~ DeliveryCircle Provides Immediate Accretive Financial Metrics to ConnectM ~ MARLBOROUGH, Mass., Aug. 06, 2024 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a technology company focused on the electrification economy, today announced it has signed a definitive agreement (the “Purchase Agreement”) to acquire a controlling interest in DeliveryCircle, a nationwide technology enabled final mile delivery company which connects businesses looking for a last-mile delivery solution, with a complete network of over 500,000 drivers.

ConnectM Announces Agreement to Acquire a Controlling Interest in DeliveryCircle

New system aims to enhance home heating and cooling with advanced technology and efficiency New system aims to enhance home heating and cooling with advanced technology and efficiency

ConnectM Introduces Innovative AI-Driven Heat Pump

~ ConnectM Common Stock to Trade on Nasdaq on July 15, 2024 Under Ticker "CNTM" ~ MARLBOROUGH, MA / ACCESSWIRE / July 12, 2024 / ConnectM Technology Solutions, Inc. ("ConnectM"), a technology company focused on the electrification economy by integrating electrified energy assets with its AI driven technology solution platform, today announced that it has completed its previously announced business combination with special purpose acquisition company, Monterey Capital Acquisition Corporation ("MCAC"). The business combination was approved at a special meeting of MCAC's stockholders on July 10, 2024 and the combined company now operates as ConnectM Technology Solutions, Inc. ("ConnectM").

ConnectM Completes Business Combination with Monterey Capital Acquisition Corporation

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