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UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT
REPORT
Pursuant to Section
13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): April 17, 2026
ConnectM
Technology Solutions, Inc.
(Exact name of registrant as specified
in its charter)
| Delaware |
|
001-41389 |
|
87-2898342 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
2 Mount
Royal Avenue, Suite 550
Marlborough,
Massachusetts |
|
01752 |
| (Address
of principal executive offices) |
|
(Zip Code) |
Registrant’s
telephone number, including area code: (617) 395-1333
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered
pursuant to Section 12(b) of the Act:
| Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
| N/A |
|
N/A |
|
N/A |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b- 2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.
EXPLANATORY NOTE
This Current Report on Form 8-K/A is being filed
by ConnectM Technology Solutions, Inc., a Delaware corporation (“ConnectM”
or the “Company”), to amend the Current Report on Form 8-K filed on
April 17, 2026 (the “Original Report”) to correct the fiscal year
end listed in Item 7.01 from December 31, 2026 to December 31, 2025. The remainder of the Original Report remains unchanged.
Item 7.01. Regulation FD Disclosure.
On April
17, 2026, ConnectM Technology Solutions, Inc., (the “Company”) announced by press release key informational highlights
related to the financial statements of the Company filed on Form 10-K for the fiscal year ended December 31, 2025.
The press release is furnished
herewith as Exhibit 99.1 and is incorporated by reference herein. The information contained in the press release is being furnished and
shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
or otherwise subject to the liability of that Section, and shall not be incorporated by reference into any registration statement or other
document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference
in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No. |
|
Description |
| |
|
|
| 99.1 |
|
Press release issued by the registrant
on April 17, 2026. |
| 104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: April 17, 2026
| ConnectM Technology Solutions, Inc. |
| |
|
| By: |
/s/
Bhaskar Panigrahi |
|
| Name: |
Bhaskar Panigrahi |
|
| Title: |
Chief Executive Officer |
|
Exhibit 99.1
ConnectM
Delivers 93% Gross Profit Growth in Transformational Fiscal Year 2025; Targets $75 Million Revenue and Positive EBITDA for Fiscal Year
2026
Achieves
$25.4 Million Stockholders’ Equity Turnaround; Advances National Exchange Uplisting and Launches Keen Labs AI Platform with 130,000+
Connected Assets
MARLBOROUGH, Mass.,
April 17, 2026 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (OTC: CNTM) (“ConnectM”
or the “Company”), a high-growth technology company powering the modern energy economy, today announced financial results
for the fiscal year ended December 31, 2025.
Fiscal Year 2025
Key Highlights
| · | Record revenue: $35.8 million,
a 58% increase from $22.7 million in fiscal year 2024 |
| · | Gross profit inflection:
$11.5 million, a 93% increase year-over-year; gross margin expanded to 32% from 26% |
| · | Margin Expansion: Gross
margin expanded 570 basis points to 32%, driven by a higher-margin software and service mix. |
| · | Balance Sheet Turnaround:
Improved stockholders’ equity by $25.4 million, shifting from a ($23.8) million deficit to a positive $1.6 million. |
| · | Total assets growth: 183%
to $36.2 million from $12.8 million |
| · | Operational Efficiency:
Net loss improved 29% to ($16.1) million, reflecting disciplined SG&A management and portfolio rationalization. |
Strategic &
AI Catalysts
| · | Keen Labs AI Launch: Formed
a wholly owned subsidiary processing 30GB+ of daily operational data from 130,000+ connected assets to power predictive maintenance and
Virtual Power Plant (VPP) models |
| · | National Exchange Uplisting:
Filed an S-1 registration statement for a firm commitment public offering with ThinkEquity as sole book-runner, a key step in unlocking
institutional liquidity |
| · | Battery IP Acquisition:
Completed the purchase of Amperics, acquiring Hi-C™ (defense/data centers) and Hi-E™ (residential VPP) battery technology. |
| · | Portfolio Rationalization:
Divested three lower-margin home service businesses (ATS, SESB, GEG) to concentrate resources on high-multiple AI and infrastructure
segments. |
Management Commentary
“Fiscal year 2025
was a transformational year for ConnectM,” said Bhaskar Panigrahi, Chairman and CEO. “We delivered 58% revenue growth, nearly
doubled our gross profit, and executed a $25.4 million stockholders’ equity turnaround — all while completing strategic acquisitions,
launching Keen Labs as our AI innovation engine, and filing our S-1 for a national exchange uplisting. The SPAC overhang is behind us.
Capital is now a growth tool, not a survival tool.”
“With our Hi-C
and Hi-E battery technology, our 130,000+ connected asset network, and our expanding energy intelligence platform, ConnectM is positioned
at the intersection of electrification, artificial intelligence, and energy storage — three of the highest-growth sectors in the
market today. We are actively streamlining our portfolio to concentrate on our highest-margin, highest-multiple business lines, which
we expect to drive meaningful SG&A improvement and accelerate our path to profitability. We are targeting $75 million revenue and
positive EBITDA generation for fiscal 2026.” added Panigrahi.
Fiscal Year 2025
Financial Summary
(in thousands, except
per share data)
| | |
FY2025 | | |
FY2024 | | |
Change | |
| Revenue | |
$ | 35,837 | | |
$ | 22,653 | | |
| +58 | % |
| Cost of Revenue | |
$ | 24,371 | | |
$ | 16,706 | | |
| +46 | % |
| Gross Profit | |
$ | 11,466 | | |
$ | 5,947 | | |
| +93 | % |
| Gross Margin | |
| 32.0 | % | |
| 26.3 | % | |
| +570 | bps |
| SG&A Expenses | |
$ | 23,503 | | |
$ | 15,145 | | |
| +55 | % |
| Loss from Operations | |
$ | (12,586 | ) | |
$ | (11,602 | ) | |
| -9 | % |
| Total Other Expense, Net | |
$ | (3,488 | ) | |
$ | (10,906 | ) | |
| +68 | % |
| Net Loss | |
$ | (16,058 | ) | |
$ | (22,508 | ) | |
| +29 | % |
| Net Loss per Share (Basic) | |
$ | (0.22 | ) | |
$ | (1.18 | ) | |
| +81 | % |
Balance Sheet Highlights
| | |
Dec 31, 2025 | | |
Dec 31, 2024 | |
| Total Assets | |
$ | 36,170 | | |
$ | 12,757 | |
| Total Liabilities | |
$ | 34,595 | | |
$ | 36,543 | |
| Stockholders’ Equity (Deficit) | |
$ | 1,575 | | |
$ | (23,787 | ) |
| Cash | |
$ | 2,904 | | |
$ | 2,408 | |
| Shares Outstanding | |
| 153,255,345 | | |
| 29,093,289 | |
Revenue by Segment
| Segment | |
FY2025 | | |
FY2024 | | |
% of Rev | |
| Owned Service Network | |
$ | 17,908 | | |
$ | 10,050 | | |
| 50 | % |
| Logistics | |
$ | 12,034 | | |
$ | 4,680 | | |
| 34 | % |
| Managed Solutions | |
$ | 3,126 | | |
$ | 5,858 | | |
| 9 | % |
| Transportation | |
$ | 2,066 | | |
$ | 2,065 | | |
| 6 | % |
| Distributed Energy & Renewables | |
$ | 703 | | |
| — | | |
| 2 | % |
| Total Revenue | |
$ | 35,837 | | |
$ | 22,653 | | |
| 100 | % |
Fiscal Year 2026
Outlook
For fiscal year 2026,
ConnectM has a mandate to achieve and sustain profitability. Growth is expected to be driven by:
· Organic Expansion:
Full-year contributions from 2025 acquisition
· India Platform
Value: Leveraging the 76-acre Geo Impex logistics and data center campus, which provides significant hard-asset backing to the valuation
·
Segment Rationalization: Continued focus on highest-margin, highest-multiple business lines to accelerate the path to positive EBITDA
About ConnectM
Technology Solutions, Inc.
ConnectM is a constellation of technology-driven businesses powering the modern energy economy. The Company delivers AI-powered electrification,
distributed energy, energy storage, last-mile delivery, and industrial IoT solutions to customers worldwide through its operating subsidiaries
and its Keen Labs technology platform. For more information, visit www.connectm.com.
About Keen
Labs
Keen Labs, a wholly owned technology subsidiary of ConnectM, develops the AI, control and energy intelligence platforms that underpin
the Company’s solutions. Keen Labs’ portfolio includes industrial IoT hardware, the Hi-C™ line of hybrid energy storage
systems, the Hi-E™ line of Lithium Iron Phosphate long duration and VPP enabling storage systems, smart heat pumps, and connected
vehicle technologies, all integrated through its software platform to optimize performance across fleets, facilities and distributed
energy assets. For more information, visit www.keenlabs.ai.
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 our Annual Report on Form 10-K and
our Quarterly Reports on Form 10-Q that we file with the Securities and Exchange Commission. Such filings identify and address 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.
Investor
Relations
ConnectM Technology
Solutions, Inc.
+1 617-395-1333
irpr@connectm.com
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