~ Q1'25 guidance increases ConnectM's annual
revenue run rate to $45.2M ~
~ Exceptional growth fueled by surging demand for
ConnectM's AI-driven electrification platforms and strategic
customer expansions ~
MARLBOROUGH, Mass., Feb. 20,
2025 /PRNewswire/ -- ConnectM Technology Solutions,
Inc. (NASDAQ: CNTM) ("ConnectM" or the "Company"), a technology
company focused on the electrification economy, today announced
preliminary revenue guidance of $11.3
million for the first quarter of 2025. This represents a 26%
increase from the $9 million guidance
given for Q4 2024 and a 100% year-over-year surge from Q1 2024
revenue of $5.7 million. The growth
underscores ConnectM's accelerating momentum in scaling its
AI-driven technology platforms across its core markets.
Strategic Growth Drivers
ConnectM attributes this
exceptional performance to:
- Expanded Customer Acquisitions: Increased adoption of
its Building Electrification, Distributed Energy, and
Transportation & Logistics solutions, fueled by strategic OEM
partnerships and subscription-based models.
- Operational Efficiency: Enhanced supply chain management
and cost optimization efforts, enabling rapid deployment of
solutions.
- Proprietary Technology Demand: Surging interest in
ConnectM's AI-powered heat pumps as well as its Automotive Graphics
Visual Unit (AGVU) and associated subscription software services,
all of which have gained strong market traction.
Leadership Commentary
Bhaskar
Panigrahi, Chairman and CEO of ConnectM, stated: "Our Q1
2025 guidance reflects the relentless execution of our team and the
scalability of our electrification platforms in a rapidly evolving
market. Achieving 100% year-over-year growth—a milestone that
parallels our record-breaking Q4 2024 performance—demonstrates the
power of our vertically integrated approach and the trust our
customers place in ConnectM. As we enter 2025, we are not only
building on this momentum but also positioning the Company for
sustained value creation through innovation and strategic
partnerships."
Looking Ahead
ConnectM plans to provide full-year 2025
revenue guidance during its 2024 earnings call. The Company also
anticipates updates on its debt-to-equity conversion progress and
expansion into adjacent markets, including Advanced Metering
Infrastructure, which is projected to contribute an incremental
$15 million in revenue by 2027.
About ConnectM Technology Solutions, Inc.
ConnectM is a pioneer in the electrification economy, integrating
energy assets with its AI-driven technology platform. Focused on
delivering solutions that drive efficiency, affordability, and
sustainability, ConnectM serves home, facility, and fleet across
three major segments: Building Electrification, Distributed Energy,
and Transportation and Logistics. The company's vertically
integrated approach combines technology, service/distribution
networks, and strategic partnerships to accelerate the transition
to an all-electric energy economy.
For more information, please visit:
www.connectm.com. Stockholders looking to receive Company
updates directly to their inbox should sign up here.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act").
We have based these forward-looking statements on our current
expectations and projections about future events. All statements,
other than statements of present or historical fact included in
this press release, regarding our future financial performance and
our strategy, expansion plans, future operations, future operating
results, estimated revenues, losses, projected costs, prospects,
plans and objectives of management are forward-looking statements.
In some cases, you can identify forward-looking statements by
terminology such as "may," "should," "could," "would," "expect,"
"plan," "anticipate," "intend," "believe," "estimate," "continue,"
"project" or the negative of such terms or other similar
expressions. These forward-looking statements are subject to known
and unknown risks, uncertainties and assumptions about us that may
cause our actual results, levels of activity, performance or
achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by such forward-looking statements. Except as otherwise
required by applicable law, we disclaim any duty to update any
forward-looking statements, all of which are expressly qualified by
the statements in this section, to reflect events or circumstances
after the date of this press release. We caution you that the
forward-looking statements contained herein are subject to numerous
risks and uncertainties, most of which are difficult to predict and
many of which are beyond our control. In addition, we caution you
that the forward-looking statements regarding the Company contained
in this press release are subject to the risks and uncertainties
described in the "Cautionary Note Regarding Forward-Looking
Statements" section of the Current Report on Form 8-K filed with
the Securities and Exchange Commission on July 18, 2024. Such filing identifies and
addresses other important risks and uncertainties that could cause
actual events and results to differ materially from those contained
in the forward-looking statements. Forward-looking statements speak
only as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and ConnectM is under
no obligation to update or revise these forward-looking statements,
whether as a result of new information, future events, or
otherwise.
Contact:
Investor Relations
Dave Gentry, CEO
RedChip Companies, Inc.
1-407-644-4256
CNTM@redchip.com
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SOURCE ConnectM Technology Solutions, Inc.
