ConnectM Revises FY24 Revenue Guidance To $26.3M, Up from $24M; Raises Q4 2024 Revenue From $7M To $9M; Q1 2025 Guidance to Be Provided in Two Weeks

Benzinga

13 Feb

~Revised FY2024 revenue guidance is $26.3M instead of previous guidance of $24M

~Company expects to provide Q1 ‘25 guidance in the next two weeks~

MARLBOROUGH, Mass., Feb. 12, 2025 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (NASDAQ:CNTM) ("ConnectM" or the "Company"), a technology company focused on the electrification economy, today announced a significant upward revision to its previously announced Q4 2024 preliminary revenue guidance of $7 million. The Company now anticipates Q4 2024 revenue of approximately $9 million, a 102% increase compared to $4.5 million revenue in Q4 2023.

The revised Q4 '24 guidance elevates ConnectM's full-year 2024 revenue projection to $26.3 million, reflecting 33% year-over-year growth compared to full-year 2023. This performance underscores the Company's accelerating momentum in delivering innovative technology solutions and capturing market share across its core verticals.

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(NASDAQ:CNTM) (\"ConnectM\" or the \"Company\"), a technology company focused on the electrification economy, today announced a significant upward revision to its previously announced Q4 2024 preliminary revenue guidance of $7 million. The Company now anticipates Q4 2024 revenue of approximately $9 million, a 102% increase compared to $4.5 million revenue in Q4 2023.The revised Q4 '24 guidance elevates ConnectM's full-year 2024 revenue projection to $26.3 million, reflecting 33% year-over-year growth compared to full-year 2023. This performance underscores the Company's accelerating momentum in delivering innovative technology solutions and capturing market share across its core verticals.","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}}}