Monitor conversion of 36,720 contracted units and $38.1M backlog into recurring revenue over the next 12 months. The new sales team's verbal awards for 11,000+ units could accelerate growth, but cash burn and timing of installation revenue remain key swing factors.
Price Chart
Executive Summary
Elauwit Connection reported Q1 2026 revenue of $4.4M, down 19% YoY, and a net loss of $(2.2M) vs $(0.4M) a year ago, due to timing of installation project revenue. However, billed units surged 114% to 20,059 and backlog grew to $38.1M, signaling strong future recurring revenue growth.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $4.4M, down 19% YoY from $5.4M
- Net loss widened to $(2.2M) from $(0.4M)
- Billed units up 114% to 20,059
- Backlog of $38.1M, up from $15.6M a year ago
- Contracted units increased 29% to 36,720
- Cash and equivalents $3.5M at quarter end
Financial Impact
Revenue decline of 19% and net loss increase of 389% YoY
Risk Factors
- Revenue visibility limited by periodic construction revenue
- Cash position declining ($3.5M vs $6.2M at Dec 2025) raises financing need
- Net loss per share $(0.33) and accumulated deficit $(16.8M)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-060657 |
| Document: tm2614501d1_8k.htm | 0001104659-26-060657 |
| Document: 0001104659-26-060657-index-headers.html | 0001104659-26-060657 |
| Document: 0001104659-26-060657-index.html | 0001104659-26-060657 |
| Document: 0001104659-26-060657.txt | 0001104659-26-060657 |
| 8-K Data (Synthetic) | 0001104659-26-060657 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 18d ago | 8-K | $5.99 $5.57 | ▲ +7.01% | ▲ +6.74% | $5.49 (+8.35%) |
Aug 18, 2026 10w ago | 8-K | $6.89 $7.50 | ▼ −8.85% | ▼ −9.05% | $5.49 (+20.32%) |
Jun 18, 2026 18w ago | EFFECT | $5.83 $6.14 | ▲ +5.41% | ▲ +7.07% | $5.49 (−5.75%) |
Jun 17, 2026 18w ago | 8-K | $5.52 $6.10 | ▲ +10.51% | ▲ +11.55% | $5.49 (−0.54%) |
May 14, 2026 23w ago | 8-K | $8.49 $7.61 | ▼ −10.37% | ▼ −9.65% | $5.49 (−35.34%) |
Apr 24, 2026 26w ago | DEFA14A | $6.57 $6.92 | ▲ +5.25% | ▲ +4.34% | $5.49 (−16.44%) |
Mar 31, 2026 30w ago | 8-K | $5.93 $6.44 | ▲ +8.60% | ▲ +4.66% | $5.49 (−7.42%) |
Mar 30, 2026 30w ago | 10-Q/A | $5.93 $6.44 | ▼ −8.60% | ▼ −4.66% | $5.49 (+7.42%) |
US Market Status
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