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 - Q3 2024 - Dec 16, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 18.9 % +311%
Debt-to-equity -111 % -5.46%
Return On Equity 82.8 % +0.28%
Return On Assets -57.6 % -277%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 21.2M shares
Common Stock, Shares, Outstanding 21.1M shares
Entity Public Float 97.6M USD +4.92%
Common Stock, Value, Issued 2K USD
Weighted Average Number of Shares Outstanding, Basic 20.2M shares -4.51%
Weighted Average Number of Shares Outstanding, Diluted 20.2M shares -4.51%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 6.07M USD +38.5%
Cost of Revenue 4.2M USD +13%
General and Administrative Expense 3.49M USD +20.1%
Operating Income (Loss) -4.34M USD +4.88%
Nonoperating Income (Expense) -9.15M USD -1985%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -26.1M USD -138%
Income Tax Expense (Benefit) 913K USD
Net Income (Loss) Attributable to Parent -27M USD -136%
Earnings Per Share, Basic -0.61 USD/shares -408%
Earnings Per Share, Diluted -0.61 USD/shares -408%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 230K USD +7.19%
Accounts Receivable, after Allowance for Credit Loss, Current 1.86M USD
Inventory, Net 320K USD
Assets, Current 7.45M USD +1959%
Property, Plant and Equipment, Net 996K USD
Operating Lease, Right-of-Use Asset 199K USD
Intangible Assets, Net (Excluding Goodwill) 1.85M USD
Goodwill 3.04M USD
Assets 13.7M USD +2.76%
Accounts Payable, Current 10.4M USD
Accrued Liabilities, Current 4.63M USD +101%
Contract with Customer, Liability, Current 662K USD +236%
Liabilities, Current 38.6M USD +531%
Operating Lease, Liability, Noncurrent 118K USD
Liabilities 40.8M USD +78.1%
Accumulated Other Comprehensive Income (Loss), Net of Tax 144K USD
Retained Earnings (Accumulated Deficit) -39.9M USD -83.5%
Stockholders' Equity Attributable to Parent -28.3M USD -30.3%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest -27M USD -56.2%
Liabilities and Equity 13.7M USD -86.2%

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, Shares Authorized 100M shares
Common Stock, Shares, Issued 21.1M shares
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 1.88M USD +42.7%
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%
Depreciation 55K USD +22.2%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -12.2M USD -373%
Property, Plant and Equipment, Gross 1.62M USD
Operating Lease, Liability, Current 114K USD
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 10M shares +900%
Unrecognized Tax Benefits 0 USD
Additional Paid in Capital 11.4M USD
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 100K USD 0%
Share-based Payment Arrangement, Expense 0 USD
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%