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.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Revenue | $22.65M | $19.97M | $15.44M | $4.34M |
| Cost of Revenue | $16.71M | $14.93M | $11.40M | $3.45M |
| Gross Profit | $5.95M | $5.04M | $4.04M | $892.49K |
| Gross Margin | 26.25% | 25.22% | 26.14% | 20.57% |
| Operating Expenses | $17.55M | $12.50M | $7.90M | $4.26M |
| Operating Income | $-11.60M | $-7.46M | $-3.87M | $-3.36M |
| Operating Margin | -51.22% | -37.38% | -25.05% | -77.56% |
| Net Income | $-22.57M | $-9.15M | $-3.54M | $-3.44M |
| Net Margin | -99.62% | -45.81% | -22.92% | -79.33% |
| EPS (Basic) | $-1.18 | $-1.32 | $-0.32 | $-0.00 |
| EBITDA | N/A | N/A | N/A | N/A |
| Stock Option Compensation Expense | N/A | N/A | N/A | N/A |
| Price To Earnings Ratio | N/A | N/A | N/A | N/A |
| Price To Sales Ratio | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A |
| Market Capitalization | N/A | N/A | N/A | N/A |