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 the previous $24 million.
February 13, 2025 | 9:15 pm
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ConnectM Technology Solutions has significantly increased its Q4 2024 revenue guidance to $9 million, a 102% year-over-year growth, exceeding previous estimates by $2 million. The FY2024 revenue guidance is also revised upwards to $26.3 million.
The upward revision in revenue guidance indicates strong business performance and potential for increased investor confidence, likely leading to a positive impact on CNTM's stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100