Elauwit Connection Q1 2026 revenue falls 19% YoY; net loss widens to $2.2M

Elauwit Connection, Inc.

Revenue of $4.4M down from $5.4M YoY; net loss of $(2.2M) vs $(0.4M) YoY.
Billed units surged 114.8% to 20,059; contracted units up 29.4% to 36,720.
Backlog reached $38.1M, up from $15.6M a year ago.
New sales team secured verbal awards for ~40 properties (~11,000 units) across 16 states and DC.
Cash $3.5M; total debt $1.9M, including $1.2M related-party debt.

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