ConnectM Overview

  • Year Founded
  • 2007

Year Founded

  • Status
  • Public

  • Employees
  • 121

Employees

  • Stock Symbol
  • CNTM

Stock Symbol

  • Investments
  • 7

  • Share Price
  • $0.81
  • (As of Thursday Closing)

ConnectM General Information

Description

ConnectM Technology Solutions Inc is a clean energy technology and solutions provider. The company provides residential and light commercial buildings and all-electric original equipment manufacturers (OEMs) with a proprietary digital platform to accelerate the transition to solar and all-electric heating, cooling and transportation. The group makes electrification more user-friendly, affordable, precise, and socially meaningful by combining technology, data, artificial intelligence, and contemporary design. In addition to its vertically integrated service network, ConnectM offers customers a comprehensive technology stack that enables them to reduce their fossil fuel consumption, lower their energy bills, and decrease their carbon footprint.

Contact Information

Website
www.connectm.com
Ownership Status
Publicly Held
Financing Status
Formerly VC-backed
Corporate Office
  • 2 Mount Royal Avenue
  • Suite 550
  • Marlborough, MA 01752
  • United States
+1 (508)
Primary Industry
Business/Productivity Software
Other Industries
Media and Information Services (B2B)
Stock Exchange
NAS
Vertical(s)
Advanced Manufacturing, Climate Tech, Artificial Intelligence & Machine Learning, Internet of Things
Corporate Office
  • 2 Mount Royal Avenue
  • Suite 550
  • Marlborough, MA 01752
  • United States
+1 (508)

ConnectM Timeline

2021202220232024
Financing RoundCaptured Employee CountEstimated Employee Growth

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ConnectM Stock Performance

As of 05-Dec-2024, ConnectM’s stock price is $0.81. Its current market cap is $17.2M with 21.2M shares.

(As of Thursday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$0.81 $0.83 $0.67 - $2.89 $17.2M 21.2M 196K

ConnectM Financials Summary

As of 30-Sep-2023, ConnectM has a trailing 12-month revenue of $19.4M.

In Thousands,
USD 		TTM 30-Sep-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021 FY 2020 31-Dec-2020
Revenue 19,416 15,441 4,338 2,100
EBITDA (3,890) (3,118) (3,201)
Net Income (5,573) (3,540) (3,441)
Total Assets 15,429 11,058 3,632
Total Debt 14,153 8,079 1,311
Public Fundamental Data provided by Morningstar, Inc. disclaimer

ConnectM Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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ConnectM Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion
Price		 % Owned

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ConnectM Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
ConnectM Technology Solutions Inc is a clean energy technology and solutions provider. The company provides residential
Business/Productivity Software
Marlborough, MA
121 As of 2024

Minneapolis, MN
 

New York, NY
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ConnectM Competitors (30)

One of ConnectM’s 30 competitors is Exosite, a Venture Capital-Backed company based in Minneapolis, MN.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Exosite Venture Capital-Backed Minneapolis, MN
Centric Digital Private Debt Financed New York, NY
GPS Trackit Private Equity-Backed Roswell, GA
Fleetio Venture Capital-Backed Birmingham, AL
Nuvolo (Business/Productivity Software) Formerly VC-backed Wellesley, MA
You’re viewing 5 of 30 competitors. Get the full list »

ConnectM Patents

  • 9

    Total Documents Applications and Grants

  • Total Patents Families

  • 9

    Granted

  • Pending

  • Expiring in next 12 mo

ConnectM Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-11369909-B2 Smart air filter and systems and methods for predicting failure of an air filter Active 05-Jan-2016
US-20170189844-A1 Smart air filter and systems and methods for predicting failure of an air filter Active 05-Jan-2016
US-11047392-B2 System and method for determining a use condition for an appliance Active 12-May-2015
US-10626873-B2 System and method for determining a use condition for an appliance Active 12-May-2015
US-20200248698-A1 System and method for determining a use condition for an appliance Active 12-May-2015 F04D15/0088
To view ConnectM’s complete patent history, request access »

ConnectM Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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ConnectM Acquisitions (7)

ConnectM’s most recent deal was a Merger/Acquisition with Green Energy Gains. The deal was made on 09-Oct-2024.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Green Energy Gains 09-Oct-2024 Merger/Acquisition Education and Training Services (B2B)
DeliveryCircle 05-Aug-2024 Merger/Acquisition Business/Productivity Software
Monterey Capital Acquisition 12-Jul-2024 Merger/Acquisition Special Purpose Acquisition Company (SPAC)
Florida Solar Products 31-Dec-2022 Merger/Acquisition Other Energy Services
Airflow Service 05-Jul-2022 Merger/Acquisition Other Services (B2C Non-Financial)
You’re viewing 5 of 7 acquisitions. Get the full list »

ConnectM Subsidiaries (6)

Company Name Industry Location Founded
Monterey Capital Acquisition Special Purpose Acquisition Company (SPAC) Monterey, CA 2021
DeliveryCircle Business/Productivity Software Claymont, DE
Keen Home Electronics (B2C) New York, NY
Airflow Service Other Services (B2C Non-Financial) Manassas, VA
Florida Solar Products Other Energy Services Fort Pierce, FL
You’re viewing 5 of 6 subsidiaries. Get the full list »

ConnectM FAQs

  • When was ConnectM founded?

    ConnectM was founded in 2007.

  • Where is ConnectM headquartered?

    ConnectM is headquartered in Marlborough, MA.

  • What is the size of ConnectM?

    ConnectM has 121 total employees.

  • What industry is ConnectM in?

    ConnectM’s primary industry is Business/Productivity Software.

  • Is ConnectM a private or public company?

    ConnectM is a Public company.

  • What is ConnectM’s stock symbol?

    The ticker symbol for ConnectM is CNTM.

  • What is the current stock price of ConnectM?

    As of 05-Dec-2024 the stock price of ConnectM is $0.81.

  • What is the current market cap of ConnectM?

    The current market capitalization of ConnectM is $17.2M.

  • What is ConnectM’s current revenue?

    The trailing twelve month revenue for ConnectM is $19.4M.

  • Who are ConnectM’s competitors?

    Exosite, Centric Digital, GPS Trackit, Fleetio, and Nuvolo (Business/Productivity Software) are some of the 30 competitors of ConnectM.

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