| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 4.43 | 18.7% |
| Total Income | 4.43 | 18.7% |
| Expenditure | 6.63 | 13.9% |
| PBT | -2.16 | 390.9% |
| Net Profit | -2.16 | 390.9% |
| OPM | -49.66% | 42.89pp |
| NPM | -48.80% | 40.69pp |
| EPS | -0.33 | 266.7% |
Elauwit Connection Reports Q1 2026, Contracted Units Up 29%
14 May 2026 · 14 May, 4:21 pm
Summary
Elauwit Connection, Inc. reported financial results for the first quarter ended March 31, 2026. Contracted units increased by 29 percent, and billed units increased by 114% year-over-year. Total revenue decreased by 19% year-over-year due to the timing of client construction and installation projects. The new sales team has secured verbal awards for approximately 40 new properties, representing more than 11,000 units.
Key Highlights
- 1
Elauwit Connection reported a 29 percent increase in contracted units for the first quarter of 2026.
- 2
Billed units increased by 114% year-over-year, driving increased recurring service revenue.
- 3
The new sales team secured verbal awards for approximately 40 new properties already this year, representing more than 11,000 units.
- 4
Total revenue decreased 19% year-over-year, reflecting the timing of certain client construction and installation project revenues.
- 5
Backlog as of March 31, 2026, was $38.1 million, compared to $15.6 million as of March 31, 2025.
Management Comments
Dan McDonough
Elauwit is delivering on its 2026 growth plans as we ramp our sales team, drive recurring service revenue and execute on our sales pipeline to bring new properties to our platform. Our new sales organization, established in the first quarter, has secured verbal awards on approximately 40 new properties already this year, representing more than 11,000 units across 14 different ownership groups, plus a robust pipeline of additional opportunities with these ownership groups and others. We believe it is increasingly clear that property owners are choosing Elauwit to secure increased revenue, higher valuations, and happier tenants by bundling our service into their property offering. “Based on our expanded sales efforts, we believe it is increasingly clear that the industry is coming to know Elauwit’s win-win-win scenario: a better connectivity experience for residents, improved revenue share and value to property owners, and profitable growth for Elauwit. With a $25 billion addressable market, proven implementation for both existing and new construction, and a compelling financial benefit, we believe we are well positioned for growth over the next several years.”
Informational and educational content only. Not investment advice.