ConnectM Technology Solutions, Inc. financial data

Symbol
CNTM on Nasdaq
Industry
Construction - Special Trade Contractors
Location
2 Mount Royal Avenue, Suite 550, Marlborough, MA
State of incorporation
DE
Fiscal year end
December 31
Former names
Monterey Capital Acquisition Corp (to 7/15/2024)
Latest financial report
10-Q - Q2 2024 - Aug 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 2.15 % -47.6%
Debt-to-equity -101 % +4.02%
Return On Equity 52.9 % -44.2%
Return On Assets -20.6 % -116%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 21.2M shares
Common Stock, Shares, Outstanding 7.15M shares
Entity Public Float 97.6M USD +4.92%

Income Statement

Label TTM Value / Value Unit Change %
General and Administrative Expense 3.49M USD +20.1%
Operating Income (Loss) -3.49M USD -20.1%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -16.5M USD -96.8%
Income Tax Expense (Benefit) 913K USD -4.92%
Net Income (Loss) Attributable to Parent -17.4M USD -92.9%
Earnings Per Share, Basic -0.01 USD/shares
Earnings Per Share, Diluted -0.01 USD/shares

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 230K USD +7.19%
Assets, Current 271K USD -19.7%
Assets 80.1M USD -17.5%
Accrued Liabilities, Current 4.35M USD +100%
Liabilities, Current 11.1M USD +142%
Liabilities 41.1M USD +140%
Retained Earnings (Accumulated Deficit) -40.6M USD -149%
Stockholders' Equity Attributable to Parent -40.6M USD -149%
Liabilities and Equity 80.1M USD -17.5%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -382K USD -11.7%
Net Cash Provided by (Used in) Financing Activities 1.36M USD +849%
Net Cash Provided by (Used in) Investing Activities -977K USD -589%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -2.25K USD -346%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 230K USD +7.19%
Deferred Tax Assets, Valuation Allowance 739K USD +83.5%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 739K USD +83.5%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 1M shares 0%
Unrecognized Tax Benefits 0 USD
Additional Paid in Capital 0 USD -100%
Preferred Stock, Shares Outstanding 0 shares
Share-based Payment Arrangement, Expense 0 USD
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%