ConnectM Technology Solutions Preliminary Q3 2024 Revenue Increased 36% To $6.1M YoY; FY24 On-Track To Deliver Revenue Of North Of $24M, An Increase Of 20% YoY; On Track To Achieve Operating Cash Flow Breakeven In Q1 Of 2025; For Q4 And FY24, Expects Revenues Of ~$7M And $24M, Respectively

Benzinga
19 Nov 2024

~ 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~

Outlook

For the fourth quarter and full year 2024, the Company expects revenues of approximately $7 million and $24 million respectively.

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