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UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section
13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): August 24, 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.
Item 7.01. Regulation FD Disclosure.
On August 24,
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-Q for the quarter ended June 30, 2026.
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 August 24, 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: August 24, 2026
| ConnectM Technology Solutions, Inc. |
| |
|
| By: |
/s/ Bhaskar Panigrahi |
|
| Name: |
Bhaskar Panigrahi |
|
| Title: |
Chief Executive Officer |
|
Exhibit 99.1
ConnectM Reports Second Quarter
2026 Financial Results
| · | Q2
revenue of $9.79 million, representing 24% year-over-year growth |
| · | Assets
increased to $53.0 million out of which $36.1 million is in cash, cash equivalent, and marketable
securities |
| · | Earnings per share of $2.32 including divestitures,
representing the first quarter of profitability |
MARLBOROUGH, Mass., August 24, 2026 -- ConnectM Technology Solutions,
Inc. (OTCQX: CNTM) (“ConnectM” or the “Company”), a U.S.-based technology company that develops, sells and operates
hardware and software powering the physical layer of the AI economy, today reported financial results for the second quarter and six
months ended June 30, 2026.
Second Quarter 2026 Highlights
| ■ | Revenue
of $9,794,419, an increase of 24% from $7,885,201 in the second quarter of 2025. |
| ■ | Logistics
revenue of $3,626,992 and Keen Labs revenue of $3,854,734, together $7,481,726, or 76% of
total revenue. |
| ■ | Logistics net income from continuing operations of $456,629 and Keen
Labs net income from continuing operations of $192,609, both positive at the segment operating level. |
| ■ | Net income attributable to ConnectM of $12,750,644. Net income includes
a $19,053,911 gain on the disposal of certain assets, partially offset by a $4,900,000 income tax provision related to the transaction. |
| ■ | Total
stockholders' equity of $15,824,063 at June 30, 2026, compared with $1,575,463 at December
31, 2025. |
| ■ | Total
assets of $53,007,863, compared with $36,170,124 at December 31, 2025. |
Management Commentary
“The results were fantastic during our second quarter”
said Bhaskar Panigrahi, Chairman and Chief Executive Officer of ConnectM. “Logistics and Keen Labs produced 76% of that revenue
and both were profitable at the segment operating line. Logistics and Keen Labs are the two businesses that we are strategically putting
capital into. Stockholders' equity went from $1.6 million to $15.8 million”
“We are building this company to grow, and to earn money while we are doing
it,” said Nayeem Hussain, President. “Logistics and Keen Labs are scaling. HKA opened the defense market to us in April, and
we intend to keep doing deals of that kind. We are determined that each of our businesses will contribute to operating results.”
Condensed Consolidated Statements of Operations
| | |
Three Months Ended
June 30, | | |
Three Months Ended
June 30, | | |
Six Months Ended
June 30, | | |
Six Months Ended
June 30, | |
| (unaudited) | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Revenues | |
$ | 9,794,419 | | |
$ | 7,885,201 | | |
$ | 17,439,822 | | |
$ | 16,139,557 | |
| Cost of revenues | |
| 6,990,367 | | |
| 5,004,447 | | |
| 12,771,163 | | |
| 10,333,362 | |
| Gross profit | |
| 2,804,052 | | |
| 2,880,754 | | |
| 4,668,659 | | |
| 5,806,195 | |
| Selling, general and administrative expenses | |
| 5,397,640 | | |
| 6,421,235 | | |
| 10,118,405 | | |
| 12,556,211 | |
| Loss on impairment of intangible assets | |
| 322,616 | | |
| — | | |
| 322,616 | | |
| — | |
| Loss from operations | |
| (2,916,204 | ) | |
| (3,540,481 | ) | |
| (5,772,362 | ) | |
| (6,750,016 | ) |
| Total other income (expense), net | |
| 1,739,291 | | |
| (3,353,454 | ) | |
| (1,633,810 | ) | |
| (7,013,315 | ) |
| Loss from continuing operations | |
| (1,176,913 | ) | |
| (6,893,935 | ) | |
| (7,406,172 | ) | |
| (13,763,331 | ) |
| Net loss from continuing operations | |
| (1,167,946 | ) | |
| (7,029,158 | ) | |
| (7,681,029 | ) | |
| (13,939,625 | ) |
| Net income (loss) from discontinued operations, net of tax | |
| 13,928,079 | | |
| (2,236,764 | ) | |
| 13,487,593 | | |
| 2,128,821 | |
| Net income (loss) attributable to ConnectM | |
$ | 12,750,644 | | |
$ | (4,795,127 | ) | |
$ | 5,804,899 | | |
$ | (11,813,537 | ) |
| Net loss per share, continuing operations | |
$ | (0.21 | ) | |
$ | (3.98 | ) | |
$ | (1.43 | ) | |
$ | (10.09 | ) |
| Net income (loss) per share, discontinued operations | |
$ | 2.53 | | |
$ | 1.27 | | |
$ | 2.51 | | |
$ | 1.54 | |
| Weighted average shares outstanding | |
| 5,501,554 | | |
| 1,765,497 | | |
| 5,378,212 | | |
| 1,381,035 | |
Line item results may be summarized. Please refer to the Company's
Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, filed with the SEC on August 21, 2026 for complete financial statements
and accompanying notes. Share and per-share amounts reflect the 1-for-32 reverse stock split effective for market purposes on April 20,
2026.
Condensed Consolidated Balance Sheet Data
| (unaudited) | |
June 30, 2026 | | |
December 31, 2025 | |
| Cash and cash equivalents | |
$ | 2,393,541 | | |
$ | 2,736,582 | |
| Total current assets | |
| 6,471,524 | | |
| 8,170,558 | |
| Investment in equity method investee | |
| 7,833,464 | | |
| — | |
| Investment in equity securities | |
| 33,726,399 | | |
| — | |
| Total assets | |
| 53,007,863 | | |
| 36,170,124 | |
| Total current liabilities | |
| 36,232,982 | | |
| 32,909,904 | |
| Total liabilities | |
| 37,183,800 | | |
| 34,594,661 | |
| Total stockholders' equity | |
$ | 15,824,063 | | |
$ | 1,575,463 | |
About ConnectM Technology Solutions, Inc.
ConnectM is a
technology company powering the physical layer of the AI economy across distributed energy and last-mile logistics. Through its various
operating segments, the Company delivers cutting-edge energy storage, distributed energy, last-mile delivery, and AI infrastructure solutions
to customers worldwide. For more information, visit www.connectm.com.
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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