ConnectM Raises Q4 ‘24 Revenue Guidance to $9M, Up 102% Year-over-Year, Surpassing Prior Estimates by $2M
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ConnectM Technology Solutions, Inc. (NASDAQ: CNTM) has raised its Q4 2024 revenue guidance to $9 million, marking a 102% year-over-year increase and surpassing prior estimates by $2 million. The company also revised its FY2024 revenue guidance to $26.3 million from $24 million.
February 12, 2025 | 9:15 pm
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ConnectM Technology Solutions has significantly increased its Q4 2024 revenue guidance to $9 million, a 102% increase year-over-year, and revised its FY2024 revenue guidance to $26.3 million. This positive revision indicates strong business performance.
The upward revision in revenue guidance for both Q4 2024 and FY2024 suggests strong business performance and potential for increased investor confidence. This is likely to positively impact CNTM's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100