ConnectM is at the forefront of advancing the electrification economy, integrating electrified energy assets with its AI-driven technology solutions platform. Serving residential and light commercial buildings, as well as all-electric original equipment manufacturers (OEMs), ConnectM’s proprietary Energy Intelligence Network platform accelerates the transition to solar and all-electric heating, cooling, and transportation. By leveraging technology, data, artificial intelligence, contemporary design, and behavioral economics, ConnectM aims to make electrification more user-friendly, affordable, precise, and socially impactful. The company’s vertically integrated approach includes wholly-owned service networks and a comprehensive technology stack, enabling customers to reduce their reliance on fossil fuels, lower energy costs, and minimize their carbon footprint. ConnectM is headquartered in Marlborough, Massachusetts.
Company profile
Ticker
CNTM
Exchange
CEO
Mr. Bhaskar C. Panigrahi
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Amgen • GE Vernova • Gilead Sciences • Apollo Global Management • ADT • Informatica • NIO • Opendoor • GoHealth • BrightSphere Investment ...
Former names
Meat-Tech 3D Ltd., MeaTech 3D Ltd.
SEC CIK
CNTM stock data
Latest filings (excl ownership)
8-K
ConnectM Announces Strategic Acquisition of
10 Oct 24
PRE 14A
Preliminary proxy
30 Sep 24
8-K
Entry into a Material Definitive Agreement
17 Sep 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
10 Sep 24
8-K
ConnectM Prepares to Deleverage Balance Sheet with Board’s Approval of Debt-to-Equity Conversion
28 Aug 24
8-K
Results of Operations and Financial Condition
22 Aug 24
8-K/A
Unaudited Condensed Consolidated Financial Statements
14 Aug 24
10-Q
2024 Q2
Quarterly report
14 Aug 24
8-K
ConnectM Announces Agreement to Acquire a Controlling Interest in DeliveryCircle
6 Aug 24
8-K
Entry into a Material Definitive Agreement
18 Jul 24
Latest ownership filings
4
Mahesh Choudhury
20 Sep 24
4
Bhaskar Panigrahi
20 Sep 24
4
Mahesh Choudhury
12 Sep 24
4
Bhaskar Panigrahi
12 Sep 24
4
Bhaskar Panigrahi
10 Sep 24
4
Mahesh Choudhury
10 Sep 24
4
Mahesh Choudhury
6 Sep 24
SC 13G/A
WOLVERINE ASSET MANAGEMENT LLC
5 Sep 24
4
Bhaskar Panigrahi
4 Sep 24
SC 13D
Monterey Acquisition Sponsor, LLC
19 Jul 24
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 230.05 k | 230.05 k | 230.05 k | 230.05 k | 230.05 k | 230.05 k |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | 1.37 mm | 76.70 k | 203.33 k |
Cash used (since last report) | n/a | n/a | n/a | 5.22 mm | 291.13 k | 771.81 k |
Cash remaining | n/a | n/a | n/a | -4.99 mm | -61.08 k | -541.77 k |
Runway (months of cash) | n/a | n/a | n/a | -3.6 | -0.8 | -2.7 |
Institutional ownership, Q2 2024
10.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 2 |
Opened positions | 0 |
Closed positions | 5 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0.00 |
Total shares | 2.42 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Monterey Acquisition Sponsor | 1.63 mm | $0.00 |
OAK-PA Oaktree Capital Group, LLC 6.625% PFD UT A | 792.00 k | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
13 Sep 24 | Mahesh Choudhury | Common Stock | Buy | Acquire P | No | No | 3763 | 3,330 | 12.53 mm | 220,768 |
12 Sep 24 | Bhaskar Panigrahi | Common Stock | Buy | Acquire P | No | No | 1.1182 | 30,000 | 33.55 k | 4,206,043 |
12 Sep 24 | Mahesh Choudhury | Common Stock | Buy | Acquire P | No | No | 17860 | 15,400 | 275.04 mm | 217,438 |
11 Sep 24 | Mahesh Choudhury | Common Stock | Buy | Acquire P | No | No | 13731 | 11,500 | 157.91 mm | 202,038 |
11 Sep 24 | Bhaskar Panigrahi | Common Stock | Buy | Acquire P | No | No | 1.0864748389343548 | 45,944 | 49.92 k | 4,176,043 |
10 Sep 24 | Mahesh Choudhury | Common Stock | Buy | Acquire P | No | No | 30774 | 26,500 | 815.51 mm | 190,538 |
9 Sep 24 | Mahesh Choudhury | Common Stock | Buy | Acquire P | No | No | 1391 | 1,300 | 1.81 mm | 164,038 |
6 Sep 24 | Mahesh Choudhury | Common Stock | Buy | Acquire P | No | No | 14522 | 14,600 | 212.02 mm | 162,738 |
6 Sep 24 | Bhaskar Panigrahi | Common Stock | Buy | Acquire P | No | No | 23298 | 23,000 | 535.85 mm | 4,130,099 |
5 Sep 24 | Mahesh Choudhury | Common Stock | Buy | Acquire P | No | No | 0.95 | 42,400 | 40.28 k | 148,138 |
News
ConnectM Acquires Green Energy Gains; Amount Not Disclosed
10 Oct 24
12 Industrials Stocks Moving In Tuesday's After-Market Session
8 Oct 24
12 Industrials Stocks Moving In Friday's After-Market Session
4 Oct 24
Why JD.com Shares Are Trading Higher By Over 10%; Here Are 20 Stocks Moving Premarket
2 Oct 24
12 Industrials Stocks Moving In Tuesday's After-Market Session
1 Oct 24
Press releases
ConnectM Publishes Impact Scorecard for the Three Months Ended September 30, 2024
17 Oct 24
ConnectM Announces Strategic Acquisition of Green Energy Gains Inc.
10 Oct 24
ConnectM Eliminates $13.7 Million Debt
26 Sep 24
ConnectM Successfully Eliminates $7.5 Million in Debt, Reaching Halfway Mark in Debt-To-Equity Conversion
17 Sep 24
ConnectM Prepares to Deleverage Balance Sheet with Board's Approval of Debt-to-Equity Conversion
28 Aug 24