Factory Future

news

Apr 17, 2026 1 min

ConnectM Delivers 93% Gross Profit Growth in Transformational Fiscal Year 2025; Targets $75 Million Revenue and Positive EBITDA for Fiscal Year 2026

Achieves 254 Million Stockholders Equity Turnaround Advances National Exchange Uplisting and Launches Keen Labs AI Platform with 130000 Connected AssetsMARLBOROUGH Mass April 17 2026 GLOBE NEWSWIRE ConnectM Technology Solutions Inc OTC CNTMConnectM or the Company a highgrowth technology company powering the modern energy economy today announcedfinancial results for the fiscal year ended December 31 2025 Fiscal Year 2025 Key Highlights Record revenue 358 million a 58 increase from 227 million in fiscal year 2024Gross profit inflection 115 million a 93 increase yearoveryear gross margin expanded to 32 from 26Margin Expansion Gross margin expanded 570 basis points to 32 driven by a highermargin software and service mixBalance Sheet Turnaround Improved stockholders equity by 254 million shifting from a 238 million deficit to a positive 16 millionTotal assets growth 183 to 362 million from 128 millionOperational Efficiency Net loss improved 29 to 161 million reflecting disciplined SGampA management and portfolio rationalization Strategic amp AI Catalysts Keen Labs AI Launch Formed a wholly owned subsidiary processing 30GB of daily operational data from 130000 connected assets to power predictive maintenance and Virtual Power Plant VPP modelsNational Exchange Uplisting Filed an S1 registration statement for a firm commitment public offering with ThinkEquity as sole bookrunner a key step in unlocking institutional liquidityBattery IP Acquisition Completed the purchase of Amperics acquiring HiC defensedata centers and HiE residential VPP battery technologyPortfolio Rationalization Divested three lowermargin home service businesses ATS SESB GEG to concentrate resources on highmultiple AI and infrastructure segments Management Commentary Fiscal year 2025 was a transformational year for ConnectM said Bhaskar Panigrahi Chairman and CEO We delivered 58 revenue growth nearly doubled our gross profit and executed a 254 million stockholders equity turnaround all while completing strategic acquisitions launching Keen Labs as our AI innovation engine and filing our S1 for a national exchange uplisting The SPAC overhang is behind us Capital is now a growth tool not a survival tool With our HiC and HiE battery technology our 130000 connected asset network and our expanding energy intelligence platform ConnectM is positioned at the intersection of electrification artificial intelligence and energy storage three of the highestgrowth sectors in the market today We are actively streamlining our portfolio to concentrate on our highestmargin highestmultiple business lines which we expect to drive meaningful SGampA improvement and accelerate our path to profitability We are targeting 75 million revenue and positive EBITDA generation for fiscal 2026 added Panigrahi Fiscal Year 2025 Financial Summary in thousands except per share data FY2025FY2024ChangeRevenue358372265358Cost of Revenue243711670646Gross Profit11466594793Gross Margin320263570bpsSGampA Expenses235031514555Loss from Operations12586116029Total Other Expense Net34881090668Net Loss160582250829Net Loss per Share Basic02211881 Balance Sheet Highlights Dec 31 2025Dec 31 2024Total Assets3617012757Total Liabilities3459536543Stockholders Equity Deficit157523787Cash29042408Shares Outstanding15325534529093289 Revenue by Segment SegmentFY2025FY2024 of RevOwned Service Network179081005050Logistics12034468034Managed Solutions312658589Transportation206620656Distributed Energy amp Renewables7032Total Revenue3583722653100 Fiscal Year 2026 Outlook For fiscal year 2026 ConnectM has a mandate to achieve and sustain profitability Growth is expected to be driven by Organic Expansion Fullyear contributions from 2025 acquisitionIndia Platform Value Leveraging the 76acre Geo Impex logistics and data center campus which provides significant hardasset backing to the valuationSegment Rationalization Continued focus on highestmargin highestmultiple business lines to accelerate the path to positive EBITDA About ConnectM Technology Solutions IncConnectM is a constellation of technologydriven businesses powering the modern energy economy The Company delivers AIpowered electrification distributed energy energy storage lastmile delivery and industrial IoT solutions to customers worldwide through its operating subsidiaries and its Keen Labs technology platform For more information visit wwwconnectmcom About Keen LabsKeen Labs a wholly owned technology subsidiary of ConnectM develops the AI control and energy intelligence platforms that underpin the Companys solutions Keen Labs portfolio includes industrial IoT hardware the HiC line of hybrid energy storage systems the HiEline of Lithium Iron Phosphate long duration and VPP enabling storage systems smart heat pumps and connected vehicle technologies all integrated through its software platform to optimize performance across fleets facilities and distributed energy assets For more information visitwwwkeenlabsai Cautionary Note Regarding ForwardLooking StatementsThis press release contains forwardlooking 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 forwardlooking 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 forwardlooking statements In some cases you can identify forwardlooking 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 forwardlooking 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 forwardlooking statements Except as otherwise required by applicable law we disclaim any duty to update any forwardlooking 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 forwardlooking 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 forwardlooking statements regarding the Company contained in this press release are subject to the risks and uncertainties described in the Cautionary Note Regarding ForwardLooking Statements section of our Annual Report on Form 10K and our Quarterly Reports on Form 10Q that we file with the Securities and Exchange Commission Such filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forwardlooking statements Forwardlooking statements speak only as of the date they are made Readers are cautioned not to put undue reliance on forwardlooking statements and ConnectM is under no obligation to update or revise these forwardlooking statements whether as a result of new information future events or otherwise Investor RelationsConnectM Technology Solutions Inc1 6173951333irprconnectmcom Visit us on social mediaLinkedInReddit

2+ results for "IIOT"

2025 Manufacturing Research Review

ConnectM Delivers 93% Gross Profit Growth in Transformational Fiscal Year 2025; Targets $75 Million Revenue and Positive EBITDA for Fiscal Year 2026