Bhaskar Panigrahi, CEO and Chairman of ConnectM (CNTM), commented, “I am thrilled to report preliminary top line growth while completing significant milestones early on. We recorded revenue of $6.1 million and $17.3 million, a 36% and 11% increase, respectively, from the prior year periods for the three and nine months. Our revenue growth was driven by improvements in our three segments, Building Electrification, Transportation & Logistics, and Distributed Energy. While focused on growing our top line, we are encouraged by our ability to reduce the cost of revenues, which speaks to the increased efficiency across all our operations.
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