ConnectM Q2 FY26 operating loss narrows to $2.92 million; revenue rises 24% to $9.79 million - CNTM News | RalliesConnectM Q2 FY26 operating loss narrows to $2.92 million; revenue rises 24% to $9.79 million
C
CNTM• Q2 FY26 results and segment performance
- ConnectM posted revenue of $9.79 million, up 24% year over year, with net loss narrowing to $1.17 million.
- Gross profit slipped 3% to $2.8 million, with gross margin falling 7.9 percentage points to 28.6%.
- Adjusted EBITDA loss widened to $2.78 million from $3.37 million, despite SG&A dropping 16% to $5.4 million.
- Logistics produced $3.63 million of revenue, while Keen Labs generated $3.85 million; the two segments made up about 76% of sales.
- Completed the Blue Cloud share swap on June 17, deconsolidating India operations and recording a non-cash gain of about $14.15 million, net of tax.
•
