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ConnectM Technology Solutions
(OTC:CNTM)
ConnectM Technology Solutions (CNTM) vs. SPDR S&P 500 ETF (SPY)
ConnectM Technology Solutions Business Overview & Revenue Model
ConnectM Technology Solutions Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 31.56M | 22.65M | 19.97M | 15.44M | 4.34M |
| Gross Profit | 8.52M | 5.95M | 5.04M | 4.04M | 892.49K |
| EBITDA | -14.27M | -18.75M | -6.70M | -3.12M | -3.20M |
| Net Income | -17.22M | -22.57M | -9.15M | -3.54M | -3.44M |
Balance Sheet | |||||
| Total Assets | 22.09M | 12.76M | 78.78M | 94.22M | 334.66K |
| Cash, Cash Equivalents and Short-Term Investments | 2.21M | 2.41M | 5.95K | 5.94K | 5.06K |
| Total Debt | 7.38M | 17.31M | 3.68M | 166.96K | 80.00K |
| Total Liabilities | 33.84M | 36.54M | 28.97M | 8.51M | 329.55K |
| Stockholders Equity | -11.75M | -25.10M | 49.81M | 85.71M | 5.11K |
Cash Flow | |||||
| Free Cash Flow | -9.59M | -6.17M | -2.45M | -1.80M | -3.76M |
| Operating Cash Flow | -9.40M | -5.96M | -2.45M | -1.63M | -3.47M |
| Investing Cash Flow | -449.74K | -107.67K | 20.06M | -1.29M | -416.27K |
| Financing Cash Flow | 10.27M | 7.29M | -17.61M | 3.45M | 1.48M |
ConnectM Technology Solutions Technical Analysis
ConnectM Technology Solutions Risk Analysis
ConnectM Technology Solutions Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | $44.19M | -0.78 | ― | ― | 419.60% | 75.23% | |
47 Neutral | $16.17M | -5.07 | ― | ― | ― | ― | |
45 Neutral | $12.46M | -0.58 | -80.59% | ― | -27.47% | 83.06% | |
42 Neutral | $17.15M | -1.87 | -37.97% | ― | -14.03% | 52.39% |
ConnectM Technology Solutions Corporate Events
On December 10, 2025, ConnectM Technology Solutions‘ subsidiary, Keen Labs, launched the Hi-C™ line of hybrid energy storage systems designed for high-power applications. This new product line, leveraging technology from Amperics, aims to address gaps in conventional supercapacitor and battery technologies by providing rapid power delivery and extending battery life, thus reducing costs for industries such as transport, industrial equipment, data centers, and commercial buildings. The Hi-C™ systems are integrated with Keen Labs’ Energy Intelligent Network for enhanced monitoring and optimization, offering flexibility in deployment as standalone modules or within existing infrastructure.
On December 8, 2025, ConnectM Technology Solutions announced its progress in overcoming a $50 million stockholders’ deficit to achieve positive equity, restore OTCQB trading status, and deliver significant revenue growth. The company has focused on stabilizing its operations, enhancing its market presence, and expanding its Keen Labs Energy Intelligence Network through strategic acquisitions. Despite initial challenges post-de-SPAC, including a loss of Nasdaq listing, ConnectM has improved its financial standing and market credibility, with plans for further growth and integration of recent acquisitions into its operations.
On December 1, 2025, ConnectM Technology Solutions announced its engagement with ThinkEquity LLC to advise on an anticipated uplisting to a major U.S. stock exchange. The company has successfully executed its turnaround plan since its Nasdaq delisting in May 2025, moving from the Expert Market to OTCQB, restoring SEC reporting, and achieving significant revenue growth. ConnectM has also strengthened its balance sheet by reducing debt and liabilities, and expanded its platform in the high-growth electrification and energy storage markets through strategic acquisitions and the launch of Keen Labs. These efforts position ConnectM favorably for future growth and potential uplisting, reflecting strong investor interest in AI, battery power, and energy storage solutions.
On November 20, 2025, ConnectM Technology Solutions announced the formation of StarConnectM LLP, a joint venture with Star Engineers India Pvt. Ltd. This new entity aims to design and manufacture intelligent connected vehicle products for automotive OEMs, leveraging Keen Labs’ AI-powered Smart Mobility Platform. StarConnectM combines Star Engineers’ manufacturing expertise with ConnectM’s technology to create an end-to-end ecosystem for scalable, data-driven mobility solutions. This venture marks a significant step in advancing intelligent mobility and positions the company to redefine the automotive experience for OEMs and end-users.
On November 17, 2025, ConnectM Technology Solutions reported a significant financial improvement for the third quarter of 2025, with a 45% increase in revenue to $8.7 million compared to the previous year. The company also reduced its net loss to $1.0 million from $9.9 million in 2024, reflecting gains from acquisitions and restructuring. ConnectM has focused on simplifying its capital structure by reducing debt and derivative liabilities by over $10 million, supporting its growth and uplisting efforts. The company continues to expand its Energy Intelligence Network and strengthen its logistics and service network through strategic acquisitions.
On November 10, 2025, ConnectM Technology Solutions announced a $1.7 million distribution agreement with Greentech Renewables to provide Keen Labs-branded high-efficiency heat pumps to Greentech’s network of contractors. This partnership aims to accelerate the adoption of all-electric heating and cooling systems, leveraging Greentech’s logistics and contractor network to expand ConnectM’s market presence. The agreement is expected to lay the groundwork for broader scaling in 2026, aligning with the growing U.S. market for heat pumps driven by electrification standards and incentives.
On November 5, 2025, ConnectM Technology Solutions announced the acquisition of Geo Impex & Logistics Private Limited, an India-based developer of sustainable logistics infrastructure. This acquisition grants ConnectM and its subsidiary Keen Labs ownership of approximately 76 acres of strategic land in Odisha, India, fully approved for industrial development. The site is set to become a multimodal hub and the location for ConnectM’s AI-enabled Energy Intelligence Data Center. This move is expected to expand ConnectM’s presence in India’s infrastructure sector and establish a new business vertical focused on AI-assisted logistics and infrastructure optimization.
ConnectM Technology Solutions announced that starting October 30, 2025, its management will deliver an investor presentation. The presentation, included in a Current Report on Form 8-K, is not considered filed under the Securities Exchange Act of 1934 and does not imply any admission of materiality.
On October 27, 2025, ConnectM Technology Solutions announced the launch of Keen Labs, a wholly owned subsidiary focused on innovation and tech product development in AI, industrial IoT, battery systems, and distributed energy technologies for enterprise customers. Keen Labs aims to consolidate ConnectM’s existing AI and technology assets, enhancing strategic focus and capital efficiency. The subsidiary is expected to drive product innovation through organic development and strategic M&A opportunities, supporting ConnectM’s roadmap to increase shareholder value by separating service operations from its high-growth technology portfolio.
On September 30, 2025, ConnectM Technology Solutions announced the up-listing of its common stock to the OTCQB Venture Market, marking a significant milestone for the company. This transition from OTC Pink to OTCQB enhances stockholder liquidity, visibility, and credibility, positioning the company for future growth and the potential relisting on a major U.S. exchange. The company also reported strong financial performance with a 70% year-over-year revenue increase in Q2 2025 and significant debt reduction, indicating robust financial management and growth prospects.
On September 25, 2025, ConnectM Technology Solutions, Inc. increased its authorized common stock from 100 million to 250 million shares, following approval by the board and stockholders. This amendment, which did not affect preferred stock, enhances the company’s capacity to raise capital and potentially strengthens its market position.
On September 24, 2025, ConnectM Technology Solutions held a special meeting of stockholders to vote on key proposals. The stockholders approved an amendment to increase the number of authorized common stock shares from 100 million to 250 million, and also approved the potential adjournment of the meeting, though it was ultimately not necessary. These decisions are expected to impact the company’s operational capacity and market positioning.