ConnectM Q1 net loss narrows 4% to $6.7M; Keen Labs adds $1.9M, SG&A down 19%

ConnectM Technology Solutions, Inc.

Net loss of $6.7M narrowed 4% YoY; Adjusted EBITDA loss improved to $(2.7)M from $(3.0)M.
Revenue of $8.2M declined 9% as legacy exits offset; Keen Labs product revenue $1.9M; Logistics up 23% to $3.1M.
SG&A reduced 19% to $5.1M; as % of revenue improved 770 bps to 62%.
Exited four Owned Service Network sub-units; recognized $2.9M non-cash divestiture losses.
Post-quarter: signed Blue Cloud India Share Swap (~$39.6M implied), closed Harry Kahn defense acquisition, 1-for-32 reverse split.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ConnectM Technology Solutions, Inc. reported first quarter 2026 results: revenue $8.2 million, net income Net loss of $6.7 million.

Period: first quarter 2026
Revenue: $8.2 million
Net income: Net loss of $6.7 million
Result: reported results

Exact text from the filing

First Quarter 2026 Highlights · Net loss of $6.7 million, down 4% from $7.0 million in the prior-year quarter, despite absorbing $2.9 million of non-cash losses on the dispositions of Air Temp Service Co. and Green Energy Gains. · Adjusted EBITDA loss narrowed to $(2.7) million from $(3.0) million , a $0.3 million year-over-year improvement absorbed against meaningful transition-related costs. · SG&A declined 19.0% to $5.1 million (approximately $1.2 million in absolute dollars), with SG&A as a percentage of revenue improving 770 basis points to 62% from 70%. · Revenue of $8.2 million (versus $9.0 million), reflecting the deliberate exit from legacy Owned Service Network operations, partially offset by $1.9 million of new Keen Labs product revenue and 23% growth in Logistics. · Cash and cash equivalents of $2.5 million at quarter end.

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Source: SEC EDGAR

accession 0001104659-26-067269

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