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ConnectM Technology Solutions, Inc.(CNTM) - 2024 Q4 - Annual Results
2025-03-31 13:06
Financial Results - ConnectM Technology Solutions, Inc. announced selected financial results for its EV Solutions and OEM Business segments for the fiscal year ended December 31, 2024[6]. - The press releases related to financial results and revenue guidance are included as exhibits 99.1 and 99.2, respectively[10]. Revenue Guidance - The company issued preliminary revenue guidance for the first quarter ending March 31, 2025, on February 20, 2025[8].
ConnectM Secures Landmark Home and Building Electrification Project in India, Marking Strategic International Expansion
Prnewswire· 2025-03-26 20:01
First of several expected India projects adds near-term revenue and accelerates ConnectM's global electrification roadmap MARLBOROUGH, Mass., March 26, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) ("ConnectM" or the "Company"), a high-growth technology company on the leading edge of the energy economy, today announced it has been awarded its first Home and Building Electrification (HBE) project in India through a strategic partnership with Zenith Energy Services Pvt. Ltd. The proj ...
ConnectM Issues Stockholder Letter from CEO & Chairman
Prnewswire· 2025-03-25 12:00
MARLBOROUGH, Mass., March 25, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) ("ConnectM" or the "Company"), a high-growth technology company on the leading edge of the energy economy, today issued the following letter to stockholders from Bhaskar Panigrahi, Chief Executive Officer and Chairman:Dear Valued ConnectM Stockholders, Image1 - Graph Image2 - Flywheel Image3 - AGVU As we mark our first eight months as a publicly traded company, I am pleased to share our significant a ...
13.4% Stake Acquired by Another Institutional Investor in ConnectM, Bringing Total Institutional Ownership to 46.4%
Prnewswire· 2025-03-24 20:01
Core Insights - ConnectM Technology Solutions, Inc. has received a significant investment from SRISID LLC, which now owns approximately 13.4% of the company's outstanding common stock, totaling 3,893,680 shares [1][2] - The investment by SRISID LLC reflects confidence in ConnectM's strategic direction and future prospects, contributing to a total institutional ownership of 46.4% in the company [2] Company Overview - ConnectM is positioned at the forefront of the energy economy, focusing on electrified equipment, mobility, and distributed energy solutions [3] - The company offers a proprietary Energy Intelligence Network platform aimed at accelerating the transition to all-electric heating, cooling, and transportation, targeting lower energy costs and reduced carbon emissions globally [3]
7.4% Stake Acquired by Another Institutional Investor in ConnectM, Bringing Total Institutional Ownership to 33%
Prnewswire· 2025-03-19 20:01
Core Insights - ConnectM Technology Solutions, Inc. has reported that ARUMILLI LLC, an institutional investor, has acquired 2,121,800 shares, representing approximately 7.4% of the company's outstanding common stock [1][2] - With this investment, total institutional ownership in ConnectM has reached 33% of the company's outstanding shares, indicating strong confidence in the company's strategic direction and future prospects [2] Company Overview - ConnectM is positioned at the forefront of the electrification economy, focusing on the next generation of electrified equipment, mobility, and distributed energy [3] - The company offers a proprietary Energy Intelligence Network platform aimed at facilitating the transition to all-electric heating, cooling, and transportation for residential and light commercial service providers and original equipment manufacturers [3] - By leveraging technology, data, artificial intelligence, and behavioral economics, ConnectM aims to reduce energy costs and carbon emissions on a global scale [3]
ConnectM to Present at the 37th Annual ROTH Conference
Prnewswire· 2025-03-17 12:00
Core Viewpoint - ConnectM Technology Solutions, Inc. is actively engaging with investors at the 37th Annual ROTH Conference, highlighting its growth strategy and recent institutional investment as indicators of confidence in its future potential [1][3]. Company Overview - ConnectM is positioned at the forefront of the electrification economy, focusing on the development of electrified equipment, mobility, and distributed energy solutions [4]. - The company offers a proprietary Energy Intelligence Network platform aimed at facilitating the transition to all-electric heating, cooling, and transportation, thereby reducing energy costs and carbon emissions globally [4]. Recent Developments - An institutional investor recently filed a 13G indicating ownership of 6.9% of ConnectM's outstanding shares, reflecting strong confidence in the company's growth strategy [3]. - ConnectM is experiencing robust momentum across its business segments, including electric vehicle (EV) solutions and building electrification, while also expanding its international presence [3]. Conference Participation - ConnectM management will conduct one-on-one investor meetings during the ROTH Conference and will be available for additional meetings in the Los Angeles area until March 19 [2]. - The ROTH Conference features approximately 450 companies across various growth sectors, providing a platform for ConnectM to showcase its initiatives and engage with potential investors [3].
ConnectM Announces Institutional Investor Filing of Schedule 13G, Representing 6.9% of Outstanding Shares
Prnewswire· 2025-03-14 17:00
MARLBOROUGH, Mass., March 14, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) ("ConnectM" or the "Company"), a high-growth technology company on the leading edge of the electrification economy, today reported that Win-Light Global Co. Ltd., an institutional investor, has filed a Schedule 13G with the Securities and Exchange Commission (SEC), disclosing ownership of approximately 1,995,126 shares, or approximately 6.9%, of ConnectM's outstanding common stock. A Schedule 13G filing ind ...
ConnectM Announces $10 Million Share Repurchase Program
Prnewswire· 2025-03-13 13:00
MARLBOROUGH, Mass., March 13, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) ("ConnectM" or the "Company"), a high-growth technology company on the leading edge of the electrification economy, today announced that its Board of Directors has authorized a share repurchase program of up to $10 million or 10 million shares of its common stock, whichever is lower. This initiative underscores the Company's confidence in its financial strength, long-term growth strategy, and commitment to ...
ConnectM Announces Continued Strong Growth and Expanding Market Share
Prnewswire· 2025-03-06 13:00
~ Four new OEM customers added and order volume on track to double in 2025 ~MARLBOROUGH, Mass., March 6, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) ("ConnectM" or the "Company"), a high-growth technology company on the leading edge of the electrification economy, today announced continued strong momentum in its EV Solutions business, a core part of its Transportation and Logistics segment. In the first two months of 2025, ConnectM secured over 5,500 orders for its MELI Mobility ...
ConnectM to Expand its Building Electrification Segment Internationally to Capitalize on Surging Global Demand
Prnewswire· 2025-03-04 21:15
Core Viewpoint - ConnectM Technology Solutions, Inc. is strategically expanding its Building Electrification segment into Europe, the Middle East, and Asia to meet the rising global demand for sustainable energy solutions [1][2]. Market Opportunity - The company identifies significant market opportunities due to rising traditional energy costs in Europe and labor shortages in the service provider sector, which allows for the deployment of AI-powered, tech-enabled solutions [2]. - Governments in the Middle East and Asia are investing in electrification solutions to combat air pollution and reduce fossil fuel reliance, creating a high-demand environment for ConnectM's offerings [3]. Strategic Growth - The expansion into international markets is viewed as a transformational growth opportunity, with expectations that international operations will play a pivotal role in long-term value creation [4]. - ConnectM anticipates generating multiple revenue streams from its international Building Electrification initiatives by early 2026 [4]. Company Overview - ConnectM focuses on advancing the electrification economy by integrating electrified energy assets with AI-powered technology solutions, targeting residential and light commercial buildings [5]. - The company aims to make electrification user-friendly, affordable, precise, and socially impactful through its proprietary Energy Intelligence Network platform [5].