Streetbeat News

CNTM

ConnectM Technology Solutions, Inc.

Industry

Software - Application

ConnectM Technology Solutions, Inc., a technology company, focuses on advancing the electrification economy by integrating electrified energy assets with its AI-driven technology solutions platform. It provides residential and light commercial buildings, and all-electric original equipment manufacturers with a platform to accelerate the transition to solar and all-electric heating, cooling, and transportation. The company was incorporated in 2021 and is headquartered in Marlborough, Massachusetts.

Open

0.68

Mkt cap

23M

Volume

355K

High

0.77

P/E Ratio

-2.54

52-wk high

12.47

Low

0.62

Div yield

N/A

52-wk low

0.47

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.

Portfolio Pulse from

February 13, 2025 | 9:15 pm

Portfolio Pulse from

February 12, 2025 | 9:15 pm

ConnectM Technology Solutions, Inc. (NASDAQ:CNTM) has published its 2024 impact scorecard, highlighting triple-digit growth across all electrification metrics.

Portfolio Pulse from

February 10, 2025 | 9:15 pm

ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) has acquired MHz Invensys to enhance its wireless communication solutions, particularly in the smart metering sector. This acquisition is expected to generate an additional $15M in revenue by 2027 and allows ConnectM to expand into adjacent markets.

Portfolio Pulse from

January 27, 2025 | 1:45 pm

ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) reported a 39% year-over-year increase in third-quarter revenue to $6.1 million and an 11% increase from the second quarter of 2024. The company projects FY2024 revenue of $20 million, a 20% YoY increase, and aims to achieve operating cash flow breakeven by Q1 2025.

Portfolio Pulse from

December 16, 2024 | 2:45 pm

ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) reported a 36% year-over-year increase in third-quarter revenue to $6.1 million and a 11% increase in nine-month revenue to $17.3 million. The company is on track to achieve over $24 million in revenue for FY2024, a 20% increase year-over-year, and expects to reach operating cash flow breakeven in Q1 2025.

Portfolio Pulse from

November 19, 2024 | 1:45 pm

In Thursday's after-market session, Eos Energy Enterprises, ConnectM Technology, Vast Renewables, Antelope Ent Holdings, Sun Country Airlines, and New Horizon Aircraft saw stock price increases, while Asure Software, Advent Technologies Holdings, 1847 Holdings, VSE, Knightscope, and Xos experienced declines. Notably, Asure Software's stock fell significantly following its Q3 earnings release.

Portfolio Pulse from Benzinga Insights

October 31, 2024 | 8:34 pm

The article reports on the after-market movements of several industrial stocks. Notable gainers include Nixxy, ConnectM Technology, Energy Vault Holdings, FTC Solar, Galaxy Payroll Group, and Trex Co, with Trex Co releasing its Q3 earnings. Losers include Nuburu, Pixie Dust Technologies, Click Holdings, Primega Group Holdings, Flowserve, and Gencor Industries, with Flowserve also releasing its Q3 earnings.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 8:30 pm

ConnectM Technology Solutions shares are trading higher following the launch of its intelligent-driven heat pump.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 1:06 pm

ConnectM has introduced an AI-driven heat pump that has received AHRI Cold Climate Certification, emphasizing its energy-efficient performance in harsh winter conditions. This certification confirms the system's superior heating efficiency.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 12:32 pm

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