Monitor next quarter for continued margin improvement and sales execution; strong unit growth suggests recurring revenue momentum is accelerating. The new sales team's early success could drive further upside.
Price Chart
Executive Summary
Elauwit Connection, Inc. reported full-year 2025 revenue of $21.6M, a 154% year-over-year increase, with recurring service revenue up 151%. The company posted a net loss of $4.2M, an improvement from $3.5M in 2024, and ended the year with $6.2M in cash following its IPO. Activated, billed, and contracted units all showed strong growth.
Key Financial Metrics
Key Facts
- Full-year 2025 revenue: $21.6M, up 154% YoY
- Recurring service revenue: up 151% YoY
- Net loss: $4.2M (improved from $3.5M loss in 2024)
- Billed units: 16,445 (up from 9,279 in 2024)
- Cash and equivalents: $6.2M as of December 31, 2025
- Launched new sales team in Q1 2026 with immediate traction
Financial Impact
Revenue grew 154% YoY to $21.6M; net loss narrowed to $4.2M from $3.5M. Cash position strengthened to $6.2M post-IPO.
Risk Factors
- Company remains unprofitable on GAAP basis
- High operating expenses ($7.7M in 2025 vs $4.4M in 2024)
- Dependence on continued unit growth to sustain revenue trajectory
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-037398 |
| Document: tm2610671d1_8k.htm | 0001104659-26-037398 |
| Document: 0001104659-26-037398-index-headers.html | 0001104659-26-037398 |
| Document: 0001104659-26-037398-index.html | 0001104659-26-037398 |
| Document: 0001104659-26-037398.txt | 0001104659-26-037398 |
| 8-K Data (Synthetic) | 0001104659-26-037398 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 18d ago | 8-K | $5.99 $5.57 | ▲ +7.01% | ▲ +6.74% | $5.35 (+10.68%) |
Aug 18, 2026 9w ago | 8-K | $6.89 $7.50 | ▼ −8.85% | ▼ −9.05% | $5.35 (+22.35%) |
Jun 18, 2026 18w ago | EFFECT | $5.83 $6.14 | ▲ +5.41% | ▲ +7.07% | $5.35 (−8.15%) |
Jun 17, 2026 18w ago | 8-K | $5.52 $6.10 | ▲ +10.51% | ▲ +11.55% | $5.35 (−3.08%) |
May 14, 2026 23w ago | 8-K | $8.49 $7.61 | ▼ −10.37% | ▼ −9.65% | $5.35 (−36.98%) |
Apr 24, 2026 26w ago | DEFA14A | $6.57 $6.92 | ▲ +5.25% | ▲ +4.34% | $5.35 (−18.57%) |
Mar 31, 2026 29w ago | 8-K | $5.93 $6.44 | ▲ +8.60% | ▲ +4.66% | $5.35 (−9.78%) |
Mar 30, 2026 30w ago | 10-Q/A | $5.93 $6.44 | ▼ −8.60% | ▼ −4.66% | $5.35 (+9.78%) |
US Market Status
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