Earnings ·
Elauwit Connection, Inc. reported financial results for the quarter ended June 30, 2026, showing a 46% year-over-year…
ELWTElauwit Connection, Inc.
Elauwit Connection, Inc. reported financial results for the quarter ended June 30, 2026, showing a 46% year-over-year revenue decline to $2.9 million due to the timing of construction projects weighted toward the second half of the year. The company posted a net loss of $3.1 million and an adjusted EBITDA loss of $3.1 million for the quarter. Despite lower current revenues, contracted units grew 33% annually to nearly 43,000, with activated and billed units increasing 94% and 163% respectively year-over-year. The company signed over 5,900 new units across 21 properties in the quarter and announced major wins with two large REITs for more than 4,100 units. Elauwit operates as a managed services provider of turnkey broadband and property-wide WiFi networks serving multifamily, student housing, and senior living communities.