Company research
ConnectM Technology Solutions, Inc.
CIK 1895249Updated Sep 24, 2026
Name history
Monterey Capital Acquisition Corp · through Jul 15, 2024
CNTM price & chart
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OTC:CNTM on TradingView ↗About the company
ConnectM Technology Solutions, Inc. (“ConnectM” or the “Company”) is a U.S.-based technology company that develops, sells, and operates artificial intelligence (“AI”)-enabled hardware and software for the modern energy economy. The Company’s strategy is organized around two high-growth, U.S.-centered platforms:
In the news
ConnectM Issues Letter to Stockholders News provided by ConnectM Technology Solutions, Inc. May 08, 2025, 14:42 ET Share this article Share to X Share this article Share to X MARLBOROUGH, Mass. , May 8, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (OTC: CNTM) (" ConnectM " or the " Compa ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 36,170,124Source | — | 78,775,130Source | 94,222,525Source |
| Property, Plant and Equipment, NetUSD | 20,330,688Source | 996,000Source | 1,137,699Source | — |
| GoodwillUSD | 5,216,788Source | — | — | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 2,182,558Source | — | — | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | — | 5,947Source | 5,938Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 3,066,626Source | — | — | — |
| Inventory, NetUSD | 633,798Source | — | — | — |
| Assets, CurrentUSD | 8,170,558Source | — | 72,306Source | 12,721Source |
| Prepaid Expense and Other Assets, CurrentUSD | 1,261,794Source | — | — | — |
| Operating Lease, Right-of-Use AssetUSD | 215,385Source | — | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 34,594,661Source | 32,358,000Source | 28,965,425Source | 8,508,448Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | — | — | — |
| Common Stock, Value, IssuedUSD | 15,325Source | 3,000Source | — | — |
| Additional Paid in CapitalUSD | 60,149,175Source | 17,528,000Source | — | — |
| Retained Earnings (Accumulated Deficit)USD | -61,671,149Source | -37,596,000Source | -28,923,896Source | -8,054,804Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -20,333Source | — | — | — |
| Stockholders' Equity Attributable to ParentUSD | -1,526,982Source | -19,922,000Source | -28,923,652Source | -8,054,560Source |
| Liabilities and EquityUSD | 36,170,124Source | — | 78,775,130Source | 94,222,525Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 32,909,904Source | 30,232,000Source | 6,915,425Source | 2,058,448Source |
| Operating Lease, Liability, CurrentUSD | 94,340Source | — | — | — |
| Accounts Payable, CurrentUSD | 7,219,261Source | — | — | — |
| Operating Lease, Liability, NoncurrentUSD | 130,509Source | — | — | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 3,102,445Source | — | — | — |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | 3,066,626Source | — | — | — |
| Accrued Liabilities, CurrentUSD | — | 2,924,000Source | 3,115,876Source | 1,425,780Source |
| Deferred Tax Liabilities, NetUSD | 4,039,514,000Source | — | — | — |
| Long-term Debt, Current MaturitiesUSD | — | 7,074,000Source | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -16,057,672Source | -22,508,208Source | -14,943,203Source | -3,763,638Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 815,049Source | 745,741Source | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,460,290Source | 525Source | — | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 2,527,305Source | 767,292Source | — | — |
| Increase (Decrease) in InventoriesUSD | 101,766Source | 293,434Source | — | — |
| Increase (Decrease) in Accounts PayableUSD | 1,982,893Source | 3,381,318Source | — | — |
| Deferred Income Tax Expense (Benefit)USD | -16,086Source | — | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -9,792,223Source | -5,959,133Source | -2,446,158Source | -623,336Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 429,253Source | -107,665Source | 20,058,448Source | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | 27,044Source | — | — |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | — | — | 20,961,169Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 9,827,729Source | 7,286,542Source | -17,612,281Source | 93,544,218Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 496,587Source | 1,247,475Source | 9Source | 882Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 2,904,430Source | 2,407,843Source | 5,947Source | 5,938Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 198,700Source | 1,057,138Source | — | — |
| Income Taxes Paid, NetUSD | 0Source | 0Source | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 31,828Source | 27,731Source | — | — |
| Additional Financial Items | ||||
| AmortizationUSD | 394,668Source | 519,729Source | — | — |
| Share-based Payment Arrangement, ExpenseUSD | 768,923Source | 659,077Source | 0Source | 0Source |
| Amortization of Intangible AssetsUSD | 424,000Source | 480,012Source | — | — |
| DepreciationUSD | 420,000Source | 265,652Source | — | — |
| Equity Method Investment, Other than Temporary ImpairmentUSD | 45,000Source | — | — | — |
| Gain (Loss) on Sale of DerivativesUSD | — | 1,572,236Source | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -72,231Source | 843Source | — | — |
| Gain (Loss) on Termination of LeaseUSD | -37,196Source | — | — | — |
| General and Administrative ExpenseUSD | — | — | 2,980,863Source | 2,098,401Source |
| GoodwillUSD | 5,216,788Source | 1,728,108Source | — | — |
| Goodwill and Intangible Asset ImpairmentUSD | 548,492Source | 2,403,628Source | — | — |
| Goodwill, Impairment LossUSD | — | 1,568,309Source | — | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | 836,000Source | — | — |
| Income Tax Expense (Benefit)USD | -16,086Source | — | 913,808Source | 240,507Source |
| InterestExpenseNonoperatingUSD | 1,303,292Source | 2,714,048Source | — | — |
| Inventory Write-downUSD | 0Source | 23,926Source | — | — |
| Investment Income, InterestUSD | — | — | 4,551,468Source | 1,289,804Source |
| Net Income (Loss) Attributable to ParentUSD | -16,245,050Source | -22,565,748Source | -14,943,203Source | -3,763,638Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 187,378Source | 57,540Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -14,943,203Source | — |
| Nonoperating Income (Expense)USD | -3,487,971Source | -10,905,859Source | — | — |
| Other Nonoperating Income (Expense)USD | 302,122Source | — | — | — |
| Proceeds from Issuance of Common StockUSD | 805,000Source | — | — | — |
| Unrealized Gain (Loss) on DerivativesUSD | -365,158Source | -187,428Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 35,836,809Source | 22,652,885Source | — | — |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 23,502,849Source | 15,145,429Source | — | — |
| Operating Income (Loss)USD | -12,585,787Source | -11,602,349Source | -2,980,863Source | -2,098,401Source |
| Other Nonoperating Income (Expense)USD | 302,122Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -16,073,758Source | — | -14,029,395Source | -3,523,131Source |
| Income Tax Expense (Benefit)USD | -16,086Source | — | 913,808Source | 240,507Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 187,378Source | 57,540Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -16,245,050Source | -22,565,748Source | -14,943,203Source | -3,763,638Source |
| Earnings Per Share, BasicUSD per share | -0.22Source | -1.18Source | — | — |
| Earnings Per Share, DilutedUSD per share | -0.22Source | -1.18Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 72,318,607Source | 19,071,591Source | — | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 72,318,607Source | 19,071,591Source | — | — |
| Interest Expense (non-operating)USD | 1,303,292Source | 2,714,048Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 424,000Source | 480,012Source | — | — |
| Business Combination, Acquisition Related CostsUSD | — | — | 1,200,000Source | — |
| Costs and ExpensesUSD | — | 34,255,234Source | — | — |
| General and Administrative ExpenseUSD | — | — | 2,980,863Source | 2,098,401Source |
| Goodwill, Impairment LossUSD | — | 1,568,309Source | — | — |
| Gross ProfitUSD | 11,465,554Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -17,253,473Source | — | — | — |
| Investment Income, InterestUSD | — | — | 4,551,468Source | 1,289,804Source |
| Labor and Related ExpenseUSD | 8,478,955Source | 7,342,339Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -14,943,203Source | — |
| Nonoperating Income (Expense)USD | -3,487,971Source | -10,905,859Source | — | — |
| Other IncomeUSD | — | — | — | 55,466Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | — | — | -14,943,203Source | — |
Offerings
Registration 333-292769
Registration 333-284247
Filing attachments
tm2624767d1_ex4-1.htm · 8-K · 2026-09-04
EX-4.1 3 tm2624767d1_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 WARRANT NO. __ Date: September __, 2026 THIS WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR APPLICABLE STATE SECURITIES REGULATIONS AND, ACCORDINGLY, MAY NOT BE SOLD, OFFERED FOR SALE OR PLEDGED AS SECURITY IN THE ABSENCE OF SUCH REGISTRATION WITHOUT RELIANCE ON AN EXEMPTION UNDER THE SECURITIES ACT AND COMPLIANCE WITH APPLICABLE STATE SECURITIES REGULATIONS. THIS WARRANT MAY BE…
Read attachment ↗tm2623855d1_ex99-1.htm · 8-K · 2026-08-24
EX-99.1 2 tm2623855d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 ConnectM Reports Second Quarter 2026 Financial Results Q2 revenue of $9.79 million, representing 24% year-over-year growth Assets increased to $53.0 million out of which $36.1 million is in cash, cash equivalent, and marketable securities Earnings per share of $2.32 including divestitures, representing the first quarter of profitability MARLBOROUGH, Mass., August 24, 2026 -- ConnectM Technology Solutions, Inc. (OTC…
Read attachment ↗tm2622942d1_ex99-1.htm · 8-K · 2026-08-13
EX-99.1 2 tm2622942d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 ConnectM’s ~17.3% Blue Cloud Stake Gains Value Following Blue Cloud’s $150 Million Technology Services Agreement Blue Cloud Softech Solutions Ltd. (BSE: 539607), in which ConnectM holds an approximately 17.3% post-issue equity stake, disclosed an 18-month, $150 million minimum-commitment Statement of Work with SpaceX International Ltd. On an illustrative basis, the value of ConnectM’s 160,000,000 Blue Cloud shares has increased fro…
Read attachment ↗tm2617866d4_ex99-1.htm · 8-K · 2026-08-10
EX-99.1 2 tm2617866d4_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 ConnectM Confirms Trading Approval for Blue Cloud Softech Shares Received in Global Impx Share Exchange, Commencing Lock-Up on ~17.3% Equity Stake in BSE-Listed AI, Energy and Digital Infrastructure Platform ConnectM's 160 million Blue Cloud Softech shares, issued in exchange for its 94.11% ownership interest in Global Impx Inc. upon the transaction's closing on June 17, 2026, have received trading approval from BSE India, formally…
Read attachment ↗tm2621759d1_ex99-1.htm · 8-K/A · 2026-07-31
EX-99.1 2 tm2621759d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Powering the Physical Layer of the AI Economy Company Presentation July 2026 OTCQX: CNTM ─────────────────────────────── This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These statements are based on current expectations, estimates, and projections about the industry and markets in which ConnectM T…
Read attachment ↗tm2621408d1_ex99-1.htm · 8-K · 2026-07-28
EX-99.1 3 tm2621408d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 ConnectM Technology Solutions Acquires Blue Ribbon Ice, a Software Platform for Nationwide Commercial Field-Service Dispatch Acquisition adds a software-driven supply-demand matching platform to ConnectM's AI-Powered Logistics business, extending the same real-time dispatch model that powers DeliveryCircle beyond last-mile delivery MARLBOROUGH, Mass., July 28, 2026 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (OTCQX: CN…
Read attachment ↗