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ConnectM Technology Solutions, Inc. Announces Nasdaq Delisting Notification
Prnewswire· 2025-03-12 22:00
Core Viewpoint - ConnectM Technology Solutions, Inc. has received a delisting notice from Nasdaq due to non-compliance with the market value requirement for continued listing [1][3]. Group 1: Delisting Notice - On September 4, 2024, ConnectM was notified by Nasdaq that it failed to meet the $50,000,000 market value of listed securities requirement [2]. - The company was given a 180-day period to regain compliance, which ended on March 3, 2025 [2]. - On March 7, 2025, Nasdaq confirmed that ConnectM had not regained compliance, leading to the decision for delisting [3]. Group 2: Appeal Process - ConnectM intends to appeal the delisting decision before the Nasdaq Hearings Panel, which will temporarily stay the suspension of its securities [4]. Group 3: Company Overview - ConnectM is focused on the electrification economy, providing technology solutions for energy efficiency and carbon emission reduction [5]. - The company offers a proprietary Energy Intelligence Network platform aimed at facilitating the transition to all-electric systems in residential and light commercial sectors [5].
ConnectM Announces Continued Strong Growth and Expanding Market Share
Prnewswire· 2025-03-06 13:00
Core Insights - ConnectM Technology Solutions, Inc. is experiencing strong momentum in its EV Solutions business, projecting a connected EV order volume of 50,000 vehicles for 2025, with over 5,500 orders secured in the first two months of 2025 [1][4] - The company has added four new OEM customers since Q4 2024, enhancing its market position in the EV Solutions sector [2] - ConnectM anticipates adding at least six additional OEM customers in 2025, continuing its triple-digit year-over-year growth in the Transportation and Logistics segment [3] 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 as well as all-electric OEMs [5] - The company aims to make electrification user-friendly, affordable, precise, and socially impactful through its proprietary Energy Intelligence Network platform [5] - As a vertically integrated company, ConnectM empowers customers to reduce reliance on fossil fuels, lower energy costs, and minimize carbon footprints [5]
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].
Join ConnectM's Exclusive Live Investor Webinar and Q&A Session on March 4
Prnewswire· 2025-02-28 13:00
Core Insights - ConnectM Technology Solutions, Inc. is focused on the electrification economy and will host a webinar on March 4, 2025, to discuss its strategic position and growth opportunities [1][2] - The company operates within a $2 trillion electrification economy and utilizes an AI-driven energy intelligence platform to promote a net-zero carbon future [2] - ConnectM has over 120,000 connected energy assets and has achieved 20 consecutive quarters of revenue growth, indicating strong market demand and operational efficiency [2] Company Overview - ConnectM specializes in building electrification, distributed energy, and last-mile transportation, providing scalable and high-margin solutions [2][5] - The company's vertically integrated model combines technology, service networks, and strategic partnerships to enhance efficiency, affordability, and sustainability [5] - ConnectM's strategic acquisitions and proprietary technology are designed to support sustained revenue growth and long-term shareholder value in the clean energy sector [2][5] Webinar Details - The upcoming webinar will feature a presentation by ConnectM's President, Nayeem Hussain, followed by a live Q&A session [2][3] - Investors can register for the free webinar and submit questions in advance [4]
ConnectM Eliminates an Additional $1.9 Million of Debt
Prnewswire· 2025-02-27 21:01
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]
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 Announces Q1 2025 Preliminary Revenue Guidance of $11.3M, Representing a 100% Year-Over-Year Surge
Prnewswire· 2025-02-20 21:01
~ 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 ...
ConnectM Raises Q4 '24 Revenue Guidance to $9M, Up 102% Year-over-Year, Surpassing Prior Estimates by $2M
Prnewswire· 2025-02-13 21:02
~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 ...
ConnectM Raises Q4 ‘24 Revenue Guidance to $9M, Up 102% Year-over-Year, Surpassing Prior Estimates by $2M
Globenewswire· 2025-02-12 21:01
~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 ...
ConnectM Raises Q4 '24 Revenue Guidance to $9M, Up 102% Year-over-Year, Surpassing Prior Estimates by $2M
Newsfilter· 2025-02-12 21:01
~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 ...