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.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Elauwit Connection, Inc. reported the first quarter ended March 31, 2026 results: revenue $ 4.4, net income $ (2.2 ).

Period: the first quarter ended March 31, 2026
Revenue: $ 4.4
Net income: $ (2.2 )
Result: reported results

Exact text from the filing

positioned for growth over the next several years.” Financial and Operating Highlights (unaudited) Three Months Ended (in $ millions) March 31, 2026 March 31, 2025 Revenues $ 4.4 $ 5.4 Gross Profit $ 0.8 $ 1.3 Operating Expenses $ 3.0 $ 1.6 Net Loss $ (2.2 ) $ (0.4 ) Adjusted EBITDA (Non-GAAP) 1 $ (2.2 ) $ (0.4 ) 3/31/25 3/31/26 Change Contracted Units:

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Source: SEC EDGAR

accession 0001104659-26-060657

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