Connectm Technology Solutions Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Connectm Technology Solutions Inc has an operating margin of -51.2%, meaning the company retains $-51 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -37.4% the prior year.
Connectm Technology Solutions Inc's revenue grew 13.4% year-over-year to $22.7M, a solid pace of expansion. This earns a growth score of 67/100.
Connectm Technology Solutions Inc's current ratio of 0.24 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Connectm Technology Solutions Inc generated -$6.0M in operating cash flow, capex of $27K consumed most of it, leaving -$6.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Connectm Technology Solutions Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Connectm Technology Solutions Inc generates $0.26 in operating cash flow (-$6.0M OCF vs -$22.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Connectm Technology Solutions Inc earns $-4.3 in operating income for every $1 of interest expense (-$11.6M vs $2.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Connectm Technology Solutions Inc (CNTM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Connectm Technology Solutions Inc generated $22.7M in revenue in fiscal year 2024. This represents an increase of 13.4% from the prior year.
Connectm Technology Solutions Inc's EBITDA was -$10.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 62.3% from the prior year.
Connectm Technology Solutions Inc generated -$6.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 28.4% from the prior year.
Connectm Technology Solutions Inc reported -$22.6M in net income in fiscal year 2024. This represents a decrease of 146.6% from the prior year.
Connectm Technology Solutions Inc earned $-1.18 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 71.0% from the prior year.
Connectm Technology Solutions Inc held $2.4M in cash against $8.5M in long-term debt as of fiscal year 2024.
Connectm Technology Solutions Inc had 21M shares outstanding in fiscal year 2024. This represents an increase of 59.3% from the prior year.
Connectm Technology Solutions Inc's gross margin was 26.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the prior year.
Connectm Technology Solutions Inc's operating margin was -51.2% in fiscal year 2024, reflecting core business profitability. This is down 13.8 percentage points from the prior year.
Connectm Technology Solutions Inc's net profit margin was -99.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 53.8 percentage points from the prior year.
Connectm Technology Solutions Inc invested $27K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 35.3% from the prior year.
CNTM Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.7M+2.3% | $8.5M-5.3% | $9.0M+43.3% | $6.3M+25.2% | $5.0M-6.8% | $5.4M | N/A | $4.4M |
| Cost of Revenue | $5.8M+5.3% | $5.5M-7.3% | $6.0M+4.9% | $5.7M+87.4% | $3.0M-19.4% | $3.8M | N/A | $3.7M |
| Gross Profit | $2.9M-3.3% | $3.0M-1.4% | $3.0M+423.3% | $576K-70.8% | $2.0M+22.8% | $1.6M | N/A | $668K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $5.7M-9.5% | $6.3M+0.1% | $6.3M+31.5% | $4.8M+58.7% | $3.0M-0.1% | $3.0M | N/A | $2.8M |
| Operating Income | -$2.8M+15.1% | -$3.3M-1.4% | -$3.3M+47.2% | -$6.2M-328.1% | -$1.4M-2.5% | -$1.4M | N/A | -$2.2M |
| Interest Expense | $154K+50.4% | $102K-79.3% | $493K-44.2% | $885K+38.1% | $641K+25.0% | $512K | N/A | $472K |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | N/A | $0 |
| Net Income | -$1.1M+67.7% | -$3.5M+49.5% | -$7.0M+10.4% | -$7.8M-254.8% | -$2.2M+15.3% | -$2.6M | N/A | -$2.6M |
| EPS (Diluted) | $-0.02+66.7% | $-0.06+72.7% | $-0.22+35.3% | $-0.34-100.0% | $-0.17+15.0% | $-0.20 | N/A | $-0.12 |
CNTM Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $22.1M+1.1% | $21.8M+71.2% | $12.8M0.0% | $12.8M-16.0% | $15.2M+10.0% | $13.8M+4.9% | $13.2M-1.7% | $13.4M |
| Current Assets | $11.1M+4.6% | $10.6M+28.0% | $8.3M-0.2% | $8.3M+2979.5% | $271K+4944.7% | $5K-99.9% | $7.4M+1943.5% | $362K |
| Cash & Equivalents | $2.2M-16.7% | $2.7M+64.3% | $1.6M-32.8% | $2.4M+946.7% | $230K+6124.2% | $4K-37.9% | $6K-98.1% | $312K |
| Inventory | $479K-46.1% | $889K+12.1% | $793K+44.1% | $551K | N/A | N/A | $277K | N/A |
| Accounts Receivable | $5.7M+3.7% | $5.5M+42.9% | $3.8M+102.1% | $1.9M | N/A | N/A | $685K | N/A |
| Goodwill | $5.2M0.0% | $5.2M+198.4% | $1.7M0.0% | $1.7M | N/A | N/A | $2.2M | N/A |
| Total Liabilities | $33.8M+1.3% | $33.4M-13.7% | $38.7M+6.0% | $36.5M-34.5% | $55.8M+3.2% | $54.1M+138.9% | $22.6M-35.6% | $35.1M |
| Current Liabilities | $32.2M+3.0% | $31.3M-15.3% | $36.9M+6.8% | $34.6M+212.3% | $11.1M+24.3% | $8.9M-57.8% | $21.1M+244.5% | $6.1M |
| Long-Term Debt | N/A | N/A | N/A | $8.5M | N/A | N/A | $1.1M | N/A |
| Total Equity | -$13.6M-2.5% | -$13.3M+51.3% | -$27.3M-8.8% | -$25.1M+38.2% | -$40.6M-0.8% | -$40.3M-326.1% | -$9.5M+56.5% | -$21.8M |
| Retained Earnings | -$57.1M-2.0% | -$56.0M-6.8% | -$52.4M-15.5% | -$45.4M-11.8% | -$40.6M-0.8% | -$40.3M-76.3% | -$22.9M-5.1% | -$21.8M |
CNTM Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.5M-80.8% | -$1.4M+51.2% | -$2.8M+11.4% | -$3.2M-167.1% | -$1.2M+3.0% | -$1.2M-12.0% | -$1.1M+62.2% | -$2.9M |
| Capital Expenditures | $3K+25.4% | $2K-14.9% | $3K+109.0% | -$32K-987.6% | $4K-45.5% | $7K+190.9% | -$7K | N/A |
| Free Cash Flow | -$2.5M-80.7% | -$1.4M+51.2% | -$2.8M+12.1% | -$3.2M-168.9% | -$1.2M+3.2% | -$1.2M-11.9% | -$1.1M | N/A |
| Investing Cash Flow | -$177K-140.3% | $438K+387.2% | -$153K+72.7% | -$559K-301.3% | -$139K-2021.4% | -$7K+64.9% | -$19K+41.9% | -$32K |
| Financing Cash Flow | $2.3M+12.3% | $2.0M-7.0% | $2.2M-49.0% | $4.3M+230.0% | $1.3M+39.7% | $926K-3.9% | $963K-52.4% | $2.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CNTM Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.0%-1.9pp | 34.9%+1.4pp | 33.5%+24.3pp | 9.2%-30.1pp | 39.3%+9.5pp | 29.8% | N/A | 15.2% |
| Operating Margin | -32.4%+6.7pp | -39.0%-2.6pp | -36.4%+62.5pp | -98.9%-70.0pp | -28.9%-2.6pp | -26.3% | N/A | -49.6% |
| Net Margin | -13.2%+28.5pp | -41.6%+36.4pp | -78.1%+46.7pp | -124.8%-80.8pp | -44.0%+4.4pp | -48.5% | N/A | -59.5% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -5.2%+11.0pp | -16.2%+38.8pp | -55.0%+6.3pp | -61.4%-46.8pp | -14.5%+4.4pp | -18.9% | N/A | -19.5% |
| Current Ratio | 0.350.0 | 0.34+0.1 | 0.23-0.0 | 0.24+0.2 | 0.02+0.0 | 0.00-0.3 | 0.35+0.3 | 0.06 |
| Debt-to-Equity | -2.48+0.0 | -2.51-1.1 | -1.42-1.1 | -0.34+1.0 | -1.37-0.0 | -1.34-1.2 | -0.12+1.5 | -1.62 |
| FCF Margin | -28.7%-12.4pp | -16.2%+15.2pp | -31.5%+19.9pp | -51.3%-27.4pp | -23.9%-0.9pp | -23.0% | N/A | N/A |
Note: Shareholder equity is negative (-$25.1M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.24), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Connectm Technology Solutions Inc's annual revenue?
Connectm Technology Solutions Inc (CNTM) reported $22.7M in total revenue for fiscal year 2024. This represents a 13.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Connectm Technology Solutions Inc's revenue growing?
Connectm Technology Solutions Inc (CNTM) revenue grew by 13.4% year-over-year, from $20.0M to $22.7M in fiscal year 2024.
Is Connectm Technology Solutions Inc profitable?
No, Connectm Technology Solutions Inc (CNTM) reported a net income of -$22.6M in fiscal year 2024, with a net profit margin of -99.6%.
What is Connectm Technology Solutions Inc's earnings per share (EPS)?
Connectm Technology Solutions Inc (CNTM) reported diluted earnings per share of $-1.18 for fiscal year 2024. This represents a -71.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Connectm Technology Solutions Inc's EBITDA?
Connectm Technology Solutions Inc (CNTM) had EBITDA of -$10.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Connectm Technology Solutions Inc have?
As of fiscal year 2024, Connectm Technology Solutions Inc (CNTM) had $2.4M in cash and equivalents against $8.5M in long-term debt.
What is Connectm Technology Solutions Inc's gross margin?
Connectm Technology Solutions Inc (CNTM) had a gross margin of 26.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Connectm Technology Solutions Inc's operating margin?
Connectm Technology Solutions Inc (CNTM) had an operating margin of -51.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Connectm Technology Solutions Inc's net profit margin?
Connectm Technology Solutions Inc (CNTM) had a net profit margin of -99.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Connectm Technology Solutions Inc's free cash flow?
Connectm Technology Solutions Inc (CNTM) generated -$6.0M in free cash flow during fiscal year 2024. This represents a -28.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Connectm Technology Solutions Inc's operating cash flow?
Connectm Technology Solutions Inc (CNTM) generated -$6.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Connectm Technology Solutions Inc's total assets?
Connectm Technology Solutions Inc (CNTM) had $12.8M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Connectm Technology Solutions Inc's capital expenditures?
Connectm Technology Solutions Inc (CNTM) invested $27K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Connectm Technology Solutions Inc have outstanding?
Connectm Technology Solutions Inc (CNTM) had 21M shares outstanding as of fiscal year 2024.
What is Connectm Technology Solutions Inc's current ratio?
Connectm Technology Solutions Inc (CNTM) had a current ratio of 0.24 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Connectm Technology Solutions Inc's debt-to-equity ratio?
Connectm Technology Solutions Inc (CNTM) had a debt-to-equity ratio of -0.34 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Connectm Technology Solutions Inc's return on assets (ROA)?
Connectm Technology Solutions Inc (CNTM) had a return on assets of -176.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Connectm Technology Solutions Inc's cash runway?
Based on fiscal year 2024 data, Connectm Technology Solutions Inc (CNTM) had $2.4M in cash against an annual operating cash burn of $6.0M. This gives an estimated cash runway of approximately 5 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Connectm Technology Solutions Inc's debt-to-equity ratio negative or unusual?
Connectm Technology Solutions Inc (CNTM) has negative shareholder equity of -$25.1M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Connectm Technology Solutions Inc's Piotroski F-Score?
Connectm Technology Solutions Inc (CNTM) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Connectm Technology Solutions Inc's earnings high quality?
Connectm Technology Solutions Inc (CNTM) has an earnings quality ratio of 0.26x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Connectm Technology Solutions Inc cover its interest payments?
Connectm Technology Solutions Inc (CNTM) has an interest coverage ratio of -4.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Connectm Technology Solutions Inc?
Connectm Technology Solutions Inc (CNTM) scores 17 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.