Elauwit Connection, Inc. Common Stock
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $48.3M
- Price
- $7.29
- % Change (Daily % change from the live per-ticker quote feed.)
- -2.67%
- Volume
- 4.0K
About
Elauwit Connection, Inc. delivers broadband internet networks to multifamily residences and student housing developments across the United States. The company manages the entire process of fiber optic and WiFi network deployment within each contracted property, including initial design, installation, ongoing operation, and maintenance. Their service portfolio extends to providing bandwidth, offering continuous 24/7 network monitoring, performing essential network upkeep, and delivering resident support. Elauwit caters to a variety of clients, such as wholesale partners, Real Estate Investment Trusts (REITs), property owners, and property management companies. Founded in 2019, its main corporate office is located in Cheyenne, Wyoming.
Quick stats
Shares outstanding6.6M
Computed float3.0M
Float / shares45.2%
Key info
SectorCommunication Services
IndustryTelecommunications Services
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002063863
Websitehttps://www.elauwit.com
AI Summary
AI-generated1/50
majormixedearnings
Elauwit Connection, Inc. Delivers Largest Quarter-Over-Quarter and Year-Over-Year Increase in Contracted Units in Company History with 16% Sequential and 33% Annual Growth
Elauwit reported record operational growth in Q2, with contracted units increasing 33% year-over-year to nearly 43,000 and backlog rising to $38.9 million.
Financial results deteriorated however, as revenue fell 46% to $2.9 million due to construction project timing and the net loss widened to $3.1 million.
The company's cash position dropped sharply to $1.2 million from $6.2 million at year-end, highlighting liquidity risks even as management expects a revenue uptick in the second half of the year.
Red flags
- Cash balance dropped to $1.2 million from $6.2 million at year-end 2025
- Revenue declined 46% year-over-year
- Net loss widened to $3.1 million
- Cash burn of ~$5 million over six months on $1.2 million remaining balance