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.

Elauwit Connection, Inc. appointed Nick Jones to the dual role of Chief Information Officer and Chief Operating Officer effective June 15, 2026, with a three-year term and an annual base salary of $300,000. The appointment includes a $50,000 sign-on award of restricted stock units. Concurrently, Richard Alder was released from his position as Chief Operations Officer effective June 11, 2026. Elauwit Connection, Inc. operates in the technology and connectivity services industry.

Kyle Huffman, Chief Accounting Officer of Elauwit Connection, Inc., resigned effective July 10, 2026. CFO James Di Bartolo is expected to assume the responsibilities of principal accounting officer following the departure. The company provides connectivity solutions and hardware for the technology industry.