ConnectM announces $35M annual organic revenue run rate

ConnectM (CNTM) Technology announced a current annual organic revenue run rate of $35M, based on its existing operations and excluding revenue from its recently completed acquisitions of Amperics and Geo Impex. This compares to revenue of $22.7M for the year ended December 31, 2024, an increase of approximately 54% on an annualized basis. After giving effect to the Amperics and Geo Impex acquisitions, the Company currently has positive stockholders’ equity of $750K, a sharp turnaround from a $50M stockholders’ deficit following its de-SPAC transaction in July 2024. ConnectM’s near- and medium-term priorities include: Scaling revenue and margins across the Owned Service Network, Logistics and Keen Labs technology platforms. Continuing to reduce liabilities and raise growth capital on an opportunistic basis. Integrating recent acquisitions and pursuing targeted M&A in electrification, logistics and AI-driven energy infrastructure. Advancing Keen Labs’ battery, distributed energy and AI infrastructure initiatives, including ongoing discussions with leading AI hyperscalers and data center partners regarding potential collaborations and deployments. Working with ThinkEquity LLC to refine the Company’s capital markets strategy and prepare its governance, reporting and capital structure for a potential uplisting to a major U.S. exchange, subject to market conditions and applicable listing requirements.