ConnectM Retires Additional $1.9 Million Debt, Eliminating $31M in Total Liabilities to Date - On Track to be Debt-free by Q2 2025

PR Newswire

02-27

~ Currently operating at a $45M revenue run rate ~ ~ On Track to Achieve Operating Cash Flow Breakeven in Q1 2025 ~ MARLBOROUGH, Mass., Feb. 27, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc...

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}","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2514802652","pubTimestamp":1740661200,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"~ Currently operating at a $45M revenue run rate ~~ On Track to Achieve Operating Cash Flow Breakeven in Q1 2025 ~MARLBOROUGH, Mass., Feb. 27, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc.  , a high-growth technology company on the leading edge of the electrification economy, today announced that the Company has retired an additional $1.9 million debt. Since going public on July 15, 2025, ConnectM has eliminated $31 million in liabilities, bringing total outstanding debt to less than $10 million.The Company expects to be debt free and in a positive stockholder equity position by Q2 2025.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4096":"电气部件与设备","TSS":"Total System Services","CNTM":"ConnectM Technology Solutions, Inc."},"translate_title":"ConnectM额外偿还了190万美元的债务，迄今为止消除了3100万美元的总负债——有望在2025年第二季度实现无债务","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSS":1,"CNTM":0.9},"content_text":"~ Currently operating at a $45M revenue run rate ~\n~ On Track to Achieve Operating Cash Flow Breakeven in Q1 2025 ~\nMARLBOROUGH, Mass., Feb. 27, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (\"ConnectM\" or the \"Company\"), a high-growth technology company on the leading edge of the electrification economy, today announced that the Company has retired an additional $1.9 million debt. Since going public on July 15, 2025, ConnectM has eliminated $31 million in liabilities, bringing total outstanding debt to less than $10 million.\n\n  \n\nOutlook\nThe Company expects to be debt free and in a positive stockholder equity position by Q2 2025.\nAbout ConnectM Technology Solutions, Inc.\nConnectM is a technology company focused on advancing the electrification economy by integrating electrified energy assets with its AI-powered technology solutions platform. The Company provides residential and light commercial buildings and all-electric original equipment manufacturers with a proprietary Energy Intelligence Network platform to accelerate the transition to all-electric heating, cooling, and transportation. Leveraging technology, data, artificial intelligence, contemporary design, and behavioral economics, ConnectM aims to make electrification more user-friendly, affordable, precise, and socially impactful. As a vertically integrated company with wholly owned service networks and a comprehensive technology stack, ConnectM empowers customers to reduce their reliance on fossil fuels, lower overall energy costs, and minimize their carbon footprint.\nFor more information, please visit: https://www.connectm.com/\nCautionary Note Regarding Forward-Looking Statements \nThis 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.\nContact:Investor RelationsDave Gentry, CEORedChip Companies, Inc.1-407-644-4256CNTM@redchip.com \n View original content to download multimedia:https://www.prnewswire.com/news-releases/connectm-retires-additional-1-9-million-debt-eliminating-31m-in-total-liabilities-to-date--on-track-to-be-debt-free-by-q2-2025--302387295.html\nSOURCE ConnectM Technology Solutions, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}