Earnings ·
ConnectM Technology Solutions reported second quarter 2026 financial results, announcing revenue of $9.79 million, a…
CNTMConnectM Technology Solutions, Inc.
ConnectM Technology Solutions reported second quarter 2026 financial results, announcing revenue of $9.79 million, a 24% increase year-over-year. The company recorded net income attributable to ConnectM of $12.75 million and earnings per share of $2.32, driven primarily by a $19.05 million gain on asset divestitures. Total assets rose to $53.0 million, with cash and marketable securities totaling $36.1 million, while stockholders' equity increased significantly from $1.6 million to $15.8 million. The filing notes that share and per-share amounts reflect a 1-for-32 reverse stock split effective for market purposes on April 20, 2026. ConnectM is a technology company developing hardware and software solutions for the physical layer of the AI economy, focusing on distributed energy and last-mile logistics.