Quarterly ResultMay 15, 2026, 06:17 AM
Elauwit Q1 Net Loss $(2.16)M; Revenue $(1.02)M YoY; New $2M Loan
AI Summary
Elauwit Connection, Inc. reported a significant increase in net loss to $(2.16) million for Q1 2026, compared to $(0.44) million in Q1 2025, alongside an 18.65% decrease in revenue to $4.43 million. The company continues to experience recurring net losses and negative cash flows from operations, leading to a substantial doubt about its ability to continue as a going concern. To address liquidity, Elauwit secured a new $2.0 million business loan agreement with a related party in May 2026.
Key Highlights
- Net loss for Q1 2026 increased to $(2.16) million from $(0.44) million in Q1 2025.
- Revenue for Q1 2026 decreased by 18.65% to $4.43 million from $5.45 million in Q1 2025.
- Cash and cash equivalents declined to $3.53 million as of March 31, 2026, from $6.15 million at year-end 2025.
- Net cash used in operating activities was $(2.49) million for Q1 2026, up from $(1.54) million in Q1 2025.
- Accumulated deficit grew to $(16.76) million as of March 31, 2026.
- Entered a new $2.0 million business loan agreement with a related party on May 14, 2026.
- Total assets decreased to $9.92 million from $11.94 million, while total liabilities rose to $7.64 million from $7.53 million.
Price Impact
More from ELWT