ConnectM Technology Solutions, Inc. (CNTM)
ConnectM Technology Solutions, Inc. is a technology firm dedicated to driving the advancement of the electrification economy. It achieves this by integrating electrified energy assets with its sophisticated, AI-driven platform. The company provides residential and light commercial buildings, along with all-electric original equipment manufacturers, with a dedicated platform engineered to accelerate their transition to solar power and fully electric solutions for heating, cooling, and transportation. Founded in 2021, ConnectM is headquartered in Marlborough, Massachusetts.
Sector: Construction - Special Trade Contractors
Industry: Engineering & Construction
ConnectM Technology Solutions, Inc.
OTC:CNTMTechnology · Software - Application
-2.61%$4.48
Mkt Cap$25.66M
Float4.75M
O/S5.73M
Inst Own-
SI0.2%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$35.84M
Net Income-$16.25M
Total Assets$36.17M
Free Cash Flow-$9.95M
Debt & Equity
Debt 112%
Total Debt$13.93M
Total Equity-$1.53M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:32
Nasdaq bars a compliance period at 1:250
- 1:32Reverse splitApr 20, 202632 shares → 1
Balance Sheet Details
Assets$36.17M
Liabilities$34.59M
Accounts Receivable$3.37M
Accounts Payable$7.22M
Inventory$634K
PP&E (Net)$20.6M
Goodwill$5.22M
Intangible Assets$2.18M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Revenue | $35.84M | $22.65M | $19.97M | $15.44M | $4.34M |
| YoY Growth | 58.2% | 13.4% | 29.3% | 256.0% | - |
| Cost of Revenue | $24.37M | $16.71M | $14.93M | $11.4M | $3.45M |
| Gross Profit | $11.47M | $5.95M | $5.04M | $4.04M | $892K |
| Gross Margin | 32.0% | 26.3% | 25.2% | 26.1% | 20.6% |
| Research and Development | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $23.5M | $15.15M | $12.32M | $7.32M | $4.26M |
| Other | $0 | $2.4M | $182K | $589K | $0 |
| Total Operating Expenses | $23.5M | $17.55M | $12.5M | $7.9M | $4.26M |
| Operating Income (EBIT) | -$12.04M | -$11.6M | -$7.46M | -$3.87M | -$3.36M |
| Operating Margin | -33.6% | -51.2% | -37.4% | -25.0% | -77.6% |
| Interest Expense | $1.3M | $2.71M | $1.43M | $282K | $48K |
| Interest Income | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$4.04M | -$10.91M | -$1.73M | -$216K | -$154K |
| Income Before Tax (EBT) | -$16.07M | -$22.51M | -$9.2M | -$4.08M | -$3.52M |
| Income Tax Expense | -$16K | $0 | $0 | -$541K | -$58K |
| Net Income | -$16.25M | -$22.57M | -$9.15M | -$3.54M | -$3.44M |
| Net Income Margin | -45.3% | -99.6% | -45.8% | -22.9% | -79.3% |
| Supplementary Data | |||||
| EPS | -7.19 | -37.76 | -42.24 | -10.24 | -0.06 |
| Diluted EPS | -7.19 | -37.76 | -42.24 | -10.24 | -0.06 |
| Weighted Average OS | 2.26M | 596,000 | 354,617 | 363,688 | 316,250 |
| EBITDA | -$13.8M | -$18.75M | -$6.7M | -$3.12M | -$3.2M |
| EBITDA Margin | -38.5% | -82.8% | -33.6% | -20.2% | -73.8% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $2.9M | $2.41M | $6K | $6K | $5K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $2.9M | $2.41M | $6K | $6K | $5K |
| Accounts Receivable | $3.37M | $2.1M | $62K | $0 | $0 |
| Inventory | $634K | $551K | $0 | $0 | $0 |
| Other Current Assets | $1.26M | $3M | $0 | $0 | $0 |
| Total Current Assets | $8.17M | $8.33M | $72K | $13K | $5K |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $20.6M | $1.29M | $0 | $0 | $564K |
| Goodwill | $5.22M | $1.73M | $0 | $0 | $378K |
| Intangible Assets | $2.18M | $1.41M | $0 | $0 | $596K |
| Long-Term Investments | $0 | $0 | $78.7M | $94.21M | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | -$1.21M |
| Total Long-Term Assets | $28M | $4.43M | $78.7M | $94.21M | $330K |
| Other Assets | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $36.17M | $12.76M | $78.78M | $94.22M | $335K |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $7.22M | $10.5M | $0 | $0 | $0 |
| Short-Term Debt | $12.42M | $15.56M | $3.68M | $167K | $80K |
| Current Income Tax Payable | $0 | $0 | $0 | $241K | $0 |
| Current Unearned Revenue | $772K | $602K | $0 | $0 | $0 |
| Other Current Liabilities | $9.75M | $4.49M | $3.24M | $1.65M | $250K |
| Total Current Liabilities | $32.91M | $34.58M | $6.92M | $2.06M | $330K |
| Long-Term Liabilities | |||||
| Long-Term Debt | $1.18M | $1.3M | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $3.68M | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $330K | $434K | $22.05M | $2.77M | $0 |
| Total Long-Term Liabilities | $1.68M | $1.96M | $22.05M | $6.45M | $1.17M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $34.59M | $36.54M | $28.97M | $8.51M | $330K |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $15K | $3K | $78.73M | $93.77M | $230 |
| Retained Earnings | -$61.67M | -$45.43M | -$28.92M | -$8.05M | -$20K |
| Comprehensive Income & Other | -$20K | $166K | $0 | $0 | $0 |
| Other Stockholders' Equity | $60.13M | $20.32M | $0 | $0 | $25K |
| Total Equity | -$1.53M | -$25.1M | $49.81M | $85.71M | $5K |
| Minority Interest | $3.1M | $1.32M | $0 | $0 | $0 |
| Total Liabilities and Equity | $33.07M | $11.44M | $78.78M | $94.22M | $335K |
| Supplementary Data | |||||
| Total Debt | $13.93M | $17.31M | $3.68M | $167K | $80K |
| Net Debt | $11.02M | $14.91M | $3.67M | $161K | $75K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Operating Activities | |||||
| Net Income | -$16.06M | -$22.51M | -$14.94M | -$3.54M | -$3.46M |
| Depreciation & Amortization | $973K | $1.04M | $1.06M | $684K | $269K |
| Deferred Income Tax | $0 | $0 | $0 | -$541K | -$58K |
| Stock-Based Compensation | $1.46M | $36K | $0 | $12K | $14K |
| Changes in Working Capital: | |||||
| Accounts Receivable | -$2.62M | -$630K | $63K | -$366K | $27K |
| Inventory | -$102K | -$293K | $192K | -$70K | -$195K |
| Accounts Payable | $1.98M | $3.38M | $0 | $1.3M | -$88K |
| Other Working Capital | -$404K | $830K | $1.45M | $325K | -$1K |
| Total Working Capital Change | -$1.15M | $3.29M | $1.45M | $1.19M | -$256K |
| Other Non-Cash Items | $4.98M | $12.19M | $11.05M | $566K | $19K |
| Net Cash from Operating | -$9.79M | -$5.96M | -$2.45M | -$1.63M | -$3.47M |
| Investing Activities | |||||
| Capital Expenditures | -$162K | -$27K | -$2 | -$18K | -$30K |
| Acquisitions | $561K | $92K | $0 | -$1.13M | -$131K |
| Purchases of Investments | $0 | $0 | -$2.49M | $0 | $0 |
| Sales of Investments | $0 | $0 | $22.55M | $0 | $0 |
| Other Investing Activities | $31K | -$173K | $2 | -$146K | -$255K |
| Net Cash from Investing | $429K | -$108K | $20.06M | -$1.29M | -$416K |
| Financing Activities | |||||
| Debt Repaid | -$7.86M | -$9.13M | -$3.52M | -$2.72M | -$239K |
| Common Stock Issuance | $805K | $0 | -$170K | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | -$20.96M | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $1.16M | $34.88M | $0 | -$474K | $0 |
| Net Cash from Financing | $9.83M | $7.29M | -$17.61M | $3.45M | $1.48M |
| Forex Effect | $32K | $28K | $97K | $62K | $23K |
| Net Change in Cash | $497K | $1.25M | $9 | $589K | -$2.39M |
| Supplementary Data | |||||
| Operating Cash Flow | -$9.79M | -$5.96M | -$2.45M | -$1.63M | -$3.47M |
| Capital Expenditure | -$162K | -$213K | -$2 | -$164K | -$286K |
| Free Cash Flow | -$9.95M | -$6.17M | -$2.45M | -$1.8M | -$3.76M |
| Cash at Beginning | $2.41M | $1.16M | $6K | $1.33M | $3.72M |
| Cash at End | $2.9M | $2.41M | $6K | $1.92M | $1.33M |