Core Insights - ConnectM Technology Solutions, Inc. has announced the retirement of an additional $1.9 million of debt, indicating a focus on improving its financial health [1] Company Overview - ConnectM is a technology company dedicated to advancing the electrification economy by integrating electrified energy assets with an AI-powered technology solutions platform [2] - The company provides a proprietary Energy Intelligence Network platform aimed at facilitating the transition to all-electric heating, cooling, and transportation for residential and light commercial buildings, as well as all-electric original equipment manufacturers [2] - ConnectM leverages technology, data, artificial intelligence, contemporary design, and behavioral economics to make electrification more user-friendly, affordable, precise, and socially impactful [2] - As a vertically integrated company, ConnectM has wholly owned service networks and a comprehensive technology stack, empowering customers to reduce reliance on fossil fuels, lower energy costs, and minimize carbon footprints [2]

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].

~ Q1'25 guidance increases ConnectM's annual revenue run rate to $45.2M ~ ~ Exceptional growth fueled by surging demand for ConnectM's AI-driven electrification platforms and strategic customer expansions ~ MARLBOROUGH, Mass., Feb. 20, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (NASDAQ: CNTM) ("ConnectM" or the "Company"), a technology company focused on the electrification economy, today announced preliminary revenue guidance of $11.3 million for the first quarter of 2025. This represents a 2 ...

~Revised FY2024 revenue guidance is $26.3M instead of previous guidance of $24M~~Company expects to provide Q1 '25 guidance in the next two weeks~MARLBOROUGH, Mass., Feb. 13, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (NASDAQ: CNTM) ("ConnectM" or the "Company"), a technology company focused on the electrification economy, today announced a significant upward revision to its previously announced Q4 2024 preliminary revenue guidance of $7 million. The Company now anticipates Q4 2024 revenue of ...

~Revised FY2024 revenue guidance is $26.3M instead of previous guidance of $24M ~Company expects to provide Q1 ‘25 guidance in the next two weeks~ MARLBOROUGH, Mass., Feb. 12, 2025 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (NASDAQ: CNTM) ("ConnectM" or the "Company"), a technology company focused on the electrification economy, today announced a significant upward revision to its previously announced Q4 2024 preliminary revenue guidance of $7 million. The Company now anticipates Q4 2024 revenu ...

~Revised FY2024 revenue guidance is $26.3M instead of previous guidance of $24M ~Company expects to provide Q1 ‘25 guidance in the next two weeks~ MARLBOROUGH, Mass., Feb. 12, 2025 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (NASDAQ:CNTM) ("ConnectM" or the "Company"), a technology company focused on the electrification economy, today announced a significant upward revision to its previously announced Q4 2024 preliminary revenue guidance of $7 million. The Company now anticipates Q4 2024 revenue ...

~Ends 2024 With Triple Digit Growth Across All Electrification Metrics~ MARLBOROUGH, Mass., Feb. 10, 2025 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (NASDAQ:CNTM) ("ConnectM" or the "Company"), a technology company focused on the electrification economy, today published its impact scorecard for the fourth quarter of 2024. Following the end of each quarter, ConnectM publishes its quarterly scorecard to provide the Company's key electrification indicators which we use as internal operating perfor ...

Company Expected to Generate an Additional $15M of Revenue from the AMI Vertical by the End of 2027 Acquisition Bolsters ConnectM's Wireless Solutions for Smart Metering and Allows Expansion into Key Adjacent Markets TAM for the Global Advanced Metering Infrastructure Market Predicted to be North of $47 Billion by 2030 MARLBOROUGH, Mass., Jan. 27, 2025 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (NASDAQ:CNTM) ("ConnectM" or the "Company"), a leader in the electrification economy, today announced ...

New Product Expected to Drive Continued Growth in the Company’s OEM Segment MARLBOROUGH, Mass., Jan. 16, 2025 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a leader in the electrification economy, today announced the launch of its Automotive Graphics Visual Unit (‘AGVU’), an automotive-grade instrument cluster designed to balance cost, performance, and durability. The advanced technology in this product will allow ConnectM to continue to differentiate ...

Managed Services Agreement (MSA) Expected to Contribute $7 Million in Revenue During 2025 MSA Poised to Deliver Long-Term Sustainable Growth for ConnectM MARLBOROUGH, Mass., Jan. 14, 2025 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a leader in the electrification economy, today announced its wholly owned subsidiary, ConnectM Technology Services LLC, has entered into a Managed Services Agreement (the “MSA”) with County Comfort Home Solutions Inc. (“Co ...