Elauwit Q2 revenue down 46% to $2.9M; contracted units up 33% YoY

Elauwit Connection, Inc.

Net loss widened to $3.1M from $0.9M YoY; adjusted EBITDA loss $3.1M vs $0.7M.
Contracted units hit 42,687 (+16% QoQ, +33% YoY); activated units +94%, billed units +163% YoY.
Signed ~5,900 units across 21 properties in Q2; 10,000+ units YTD; expects >50,000 units by year-end.
Two REIT wins: >4,100 units across 14 properties in 5 states; 10 new properties signed in Q3.
Revenue decline due to timing of construction projects; expects uptick in H2 2026.

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