ConnectM Raises Q4 ‘24 Revenue Guidance to $9M, Up 102% Year-over-Year, Surpassing Prior Estimates by $2M
ConnectM Technology Solutions (NASDAQ: CNTM) has significantly revised its Q4 2024 revenue guidance upward from $7M to $9M, representing a 102% increase compared to Q4 2023's $4.5M. This revision elevates the company's full-year 2024 revenue projection to $26.3M, reflecting a 33% year-over-year growth compared to 2023.
The company attributes this exceptional growth to increased demand for its proprietary technology platforms, expanded customer acquisitions, and operational efficiencies. ConnectM plans to provide Q1 2025 guidance within the next two weeks. The company's Chairman and CEO, Bhaskar Panigrahi, emphasized that this performance demonstrates their innovation strength and customer trust, setting the stage for continued growth in 2025.
ConnectM Technology Solutions (NASDAQ: CNTM) ha significativamente rivisto al rialzo le previsioni di fatturato per il Q4 2024, passando da 7 milioni di dollari a 9 milioni di dollari, il che rappresenta un aumento del 102% rispetto ai 4,5 milioni di dollari del Q4 2023. Questa revisione porta la proiezione di fatturato dell'azienda per l'intero anno 2024 a 26,3 milioni di dollari, riflettendo una crescita del 33% rispetto all'anno precedente.
L'azienda attribuisce questa crescita eccezionale all'aumento della domanda per le sue piattaforme tecnologiche proprietarie, all'espansione delle acquisizioni di clienti e alle efficienze operative. ConnectM prevede di fornire le previsioni per il Q1 2025 entro le prossime due settimane. Il Presidente e CEO dell'azienda, Bhaskar Panigrahi, ha sottolineato che queste performance dimostrano la loro forza innovativa e la fiducia dei clienti, preparando il terreno per una crescita continua nel 2025.
ConnectM Technology Solutions (NASDAQ: CNTM) ha revisado significativamente al alza su guía de ingresos para el Q4 2024, de 7 millones de dólares a 9 millones de dólares, lo que representa un aumento del 102% en comparación con los 4,5 millones de dólares del Q4 2023. Esta revisión eleva la proyección de ingresos de la compañía para todo el año 2024 a 26,3 millones de dólares, lo que refleja un crecimiento del 33% en comparación con 2023.
La compañía atribuye este crecimiento excepcional al aumento de la demanda de sus plataformas tecnológicas propietarias, la expansión de la adquisición de clientes y las eficiencias operativas. ConnectM planea proporcionar la guía para el Q1 2025 en las próximas dos semanas. El Presidente y CEO de la compañía, Bhaskar Panigrahi, enfatizó que este desempeño demuestra su fuerza en innovación y la confianza de los clientes, sentando las bases para un crecimiento continuo en 2025.
ConnectM Technology Solutions (NASDAQ: CNTM)는 2024년 4분기 매출 가이던스를 700만 달러에서 900만 달러로 크게 상향 조정하였으며, 이는 2023년 4분기의 450만 달러에 비해 102% 증가한 수치입니다. 이번 조정으로 회사의 2024년 전체 연도 매출 예상치는 2630만 달러로 높아지며, 이는 2023년 대비 33%의 연간 성장률을 반영합니다.
회사는 이 같은 뛰어난 성장을 자사의 독점 기술 플랫폼에 대한 수요 증가, 고객 확보 확대, 운영 효율성 향상에 기인한다고 설명했습니다. ConnectM은 향후 2주 이내에 2025년 1분기 가이던스를 제공할 계획입니다. 회사의 회장 겸 CEO인 Bhaskar Panigrahi는 이러한 성과가 혁신의 강점과 고객 신뢰를 보여주며, 2025년 지속적인 성장을 위한 기초를 마련하고 있다고 강조했습니다.
ConnectM Technology Solutions (NASDAQ: CNTM) a considérablement révisé à la hausse ses prévisions de revenus pour le T4 2024, passant de 7 millions de dollars à 9 millions de dollars, ce qui représente une augmentation de 102% par rapport aux 4,5 millions de dollars du T4 2023. Cette révision porte la projection de revenus de l'entreprise pour l'année entière 2024 à 26,3 millions de dollars, reflétant une croissance de 33% par rapport à 2023.
L'entreprise attribue cette croissance exceptionnelle à une demande accrue pour ses plateformes technologiques propriétaires, à une expansion de l'acquisition de clients et à des gains d'efficacité opérationnelle. ConnectM prévoit de fournir des prévisions pour le T1 2025 dans les deux prochaines semaines. Le Président et CEO de l'entreprise, Bhaskar Panigrahi, a souligné que cette performance démontre leur force d'innovation et la confiance des clients, préparant le terrain pour une croissance continue en 2025.
ConnectM Technology Solutions (NASDAQ: CNTM) hat seine Umsatzprognose für das 4. Quartal 2024 erheblich von 7 Millionen Dollar auf 9 Millionen Dollar nach oben korrigiert, was einen Anstieg von 102% im Vergleich zu 4,5 Millionen Dollar im 4. Quartal 2023 darstellt. Diese Revision hebt die Umsatzprognose des Unternehmens für das gesamte Jahr 2024 auf 26,3 Millionen Dollar, was einem Wachstum von 33% im Jahresvergleich zu 2023 entspricht.
Das Unternehmen führt dieses außergewöhnliche Wachstum auf die gestiegene Nachfrage nach seinen proprietären Technologieplattformen, erweiterte Kundenakquisitionen und betriebliche Effizienz zurück. ConnectM plant, innerhalb der nächsten zwei Wochen eine Prognose für das 1. Quartal 2025 zu veröffentlichen. Der Vorsitzende und CEO des Unternehmens, Bhaskar Panigrahi, betonte, dass diese Leistung ihre Innovationskraft und das Vertrauen der Kunden demonstriert und die Grundlage für ein kontinuierliches Wachstum im Jahr 2025 schafft.
- Q4 2024 revenue guidance increased by $2M to $9M
- 102% year-over-year revenue growth in Q4 2024
- Full-year 2024 revenue projection raised to $26.3M
- 33% year-over-year growth for full-year 2024
- Expanded customer acquisitions and operational efficiencies achieved
- None.
Insights
The revised Q4 2024 guidance reveals several compelling insights about ConnectM's market position and execution capabilities. The dramatic acceleration from the company's full-year growth rate of
Breaking down the numbers, Q4 2024's projected
The
The acceleration in Q4 performance likely indicates three key developments:
- Successful penetration of the electrification technology market with scalable solutions
- Improved sales efficiency and shorter sales cycles
- Growing market recognition and customer validation of ConnectM's value proposition
However, investors should monitor several critical factors going forward:
- Sustainability of the Q4 growth rate into 2025
- Gross margin trends as revenue scales
- Customer concentration metrics
- Working capital requirements to support the accelerated growth
The pending Q1 2025 guidance announcement in the coming weeks will be important for validating whether this growth acceleration represents a new baseline or a seasonal peak.
~Revised FY2024 revenue guidance is
~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
The revised Q4 ’24 guidance elevates ConnectM’s full-year 2024 revenue projection to
Strategic Drivers of Growth
ConnectM attributes this exceptional growth to increased demand for its proprietary technology platforms, expanded customer acquisitions, and operational efficiencies. The Company’s ability to exceed previous forecasts highlights the success of its strategic focus on customer-centric solutions.
Bhaskar Panigrahi, Chairman and CEO of ConnectM, stated: “Today’s upward revision is a testament to the relentless execution of our team and the scalability of our solutions in a dynamic market environment. Achieving
About ConnectM Technology Solutions, Inc.
ConnectM is a pioneer in the electrification economy, integrating energy assets with its AI-driven technology platform. Focused on delivering solutions that drive efficiency, affordability, and sustainability, ConnectM serves home, facility, and fleet across three major segments: Building Electrification, Distributed Energy, and Transportation and Logistics. The company’s vertically integrated approach combines technology, service/distribution networks, and strategic partnerships to accelerate the transition to an all-electric energy economy.
For more information, please visit: www.connectm.com. Stockholders looking to receive Company updates directly to their inbox should sign up here.
Cautionary Note Regarding Forward-Looking Statements
This 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.
Contact:
Investor Relations
Dave Gentry, CEO
RedChip Companies, Inc.
1-407-644-4256
CNTM@redchip.com
FAQ
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