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., Aug. 24, 2026 (GLOBE NEWSWIRE) -- 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