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Stock impact report

ConnectM Releases Preliminary Third Quarter 2024 Results & Details Significant Operational Progress

ConnectM Technology Solutions, Inc. (CNTM) 
Company Research Source: GlobeNewswire
~ Third Quarter Revenue Increased 36% to $6.1 million YoY~ ~ Revenues For The Nine Months Increased 11% to $17.3 million ~ ~ FY2024 On-Track to Deliver Revenue of North of $24.0 million, an Increase of 20% YoY ~ ~ On Track to Achieve Operating Cash Flow Breakeven in The First Quarter of 2025~ MARLBOROUGH, Mass., Nov. 19, 2024 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a technology company focused on the electrification economy, today announced preliminary results for the quarter ended September 30, 2024. ConnectM is an AI-powered B2B technology electrification platform working within the $1.7 trillion market to displace fossil fuels. The Company made its public market debut on the Nasdaq on July 15, 2024. ConnectM’s revenue growth lies in three largely untapped segments: Smart Heating & Cooling with a focus on Heat Pumps (“Building Electrification”)Two, three, and four-wheel commercial electric vehicles; la Show less Read more
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