CNTM · ConnectM Technology Solutions, Inc.

ConnectM Technology Solutions, Inc. delivered transformative FY2025 results, achieving record revenue of $35.8 million, a 58% increase driven by growth across Owned Service Network (50% of revenue), Logistics (34%), and other segments. Gross profit nearly doubled to $11.5 million with margin expansion to 32% (up 570 basis points), reflecting a shift to higher-margin software, services, and AI-driven solutions. SG&A expenses rose 55% but operational loss improved 9%, while net loss narrowed 29% to $16.1 million due to 68% lower other expenses and portfolio rationalization divesting three lower-margin businesses (ATS, SESB, GEG). Balance sheet strengthened dramatically with total assets surging 183% to $36.2 million and stockholders’ equity flipping $25.4 million to positive $1.6 million. CEO Bhaskar Panigrahi highlighted the end of SPAC overhang, strategic acquisitions like Amperics for Hi-C™ and Hi-E™ battery technologies, Keen Labs AI launch processing 30GB+ daily data from 130,000+ assets for predictive maintenance and VPP models, and S-1 filing for national exchange uplisting with ThinkEquity. FY2026 targets $75 million revenue and positive EBITDA, fueled by organic expansion, India platform leveraging 76-acre Geo Impex campus, and focus on high-margin AI, electrification, and energy storage segments to drive profitability.