MARLBOROUGH, Mass., Dec. 03, 2025 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (OTC:CNTM) ("ConnectM" or the "Company"), a constellation of technology-driven businesses powering the modern energy economy, today announced a current annual organic revenue run rate of $35 million, based on its existing operations and excluding revenue from its recently completed acquisitions of Amperics and Geo Impex. This compares to revenue of $22.7 million for the year ended December 31, 2024, an increase of approximately 54% on an annualized basis. After giving effect to the Amperics and Geo Impex acquisitions, the Company currently has positive stockholders' equity of $750K, a sharp turnaround from a $50 million stockholders' deficit following its de-SPAC transaction in July 2024.

All financial figures in this press release are approximate and may be rounded.

Through these acquisitions and the continued build-out of its technology subsidiary, Keen Labs, and its leading-edge battery power, energy storage and backup power capabilities, the Company is laser-focused and well positioned to capitalize on the critical need and market's insatiable demand for these solutions.

Revenue Run Rate and Equity Highlights

Current annual organic revenue run rate of $35 million, based on the Company's existing operations and excluding revenue from Amperics and Geo Impex, compared to $22.7 million of revenue in FY 2024.

Stockholders' equity is $750K positive, pro forma for Amperics and Geo Impex.

Represents a swing of more than $50 million in stockholders' equity since July 2024.

From $50 Million Deficit to Positive Equity

Following its July 2024 de-SPAC combination, ConnectM reported an initial stockholders' deficit of $50 million, driven by redemptions, limited public float and legacy liabilities. Since then, the Company has:

Retired or exchanged more than $10 million of legacy debt and derivative liabilities year-to-date 2025.

Settled the senior secured Libertas facility and removed Libertas' lien on Company assets.

Simplified its capital structure through conversions, settlements and targeted equity issuances.

After giving effect to ...