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Elauwit Connection (NASDAQ: ELWT) reported strong third-quarter results for the period ended September 30, 2025, with total revenue up 178% year‑over‑year and recurring service revenue up 163% year‑over‑year. Gross profit improved to $1.9 million from $0.2 million a year earlier. Operational scale expanded: contracted units rose to 32,826, activated units to 16,964, and billed units to 10,710. As of September 30, 2025, cash and short‑term investments were $0.8 million; subsequent IPO proceeds on November 6 and an over‑allotment exercise generated approximately $15.6 million gross in aggregate. Management highlighted use of IPO capital to scale sales and deploy a Networking‑as‑a‑Service model.
Elauwit Connection (NASDAQ: ELWT) will release third quarter 2025 financial results on Monday, December 8, 2025 after the market close. Management will host a live webcast conference call on the same day at 4:30 p.m. Eastern Time to discuss results and strategic plans.
Investors can access the live webcast and related materials at http://investors.elauwit.com/. Telephone participants may call +1-412-902-6510. A webcast replay will be available on the company investor website after the call. Attendees are advised to connect at least 10 minutes early to allow time for any required software download.
Elauwit Connection (NASDAQ: ELWT) closed the underwriter's partial exercise of its over-allotment option on November 24, 2025, selling an additional 68,989 shares at the IPO price of $9.00 per share (less underwriting discounts).
The over-allotment closing generated approximately $0.6 million of additional gross proceeds, bringing total IPO gross proceeds to about $15.6 million before underwriting discounts and offering expenses. Craig-Hallum Capital Group acted as sole bookrunner; counsel to the company and underwriters were named. The offering was made on a firm commitment basis and a final prospectus is available via the SEC.
Elauwit Connection (NASDAQ: ELWT) appointed Sebastian Shahvandi as Chief Growth Officer, effective November 6, 2025. Shahvandi brings more than two decades of executive experience scaling technology, telecom, and enterprise service organizations, most recently as CEO of 7SIGNAL and previously in senior revenue and growth roles at IDeaS Revenue Solutions, Hypori, IMPRES Technology Solutions, and Dell.
At Elauwit he will oversee sales, marketing, and strategic partnerships, and focus on national market expansion, go-to-market optimization, and capital-aligned programs to help property owners deploy next-generation connectivity through flexible financial structures.
Elauwit Connection (NASDAQ: ELWT) will attend the NMHC OPTECH Conference & Expo at MGM Grand in Las Vegas from Sunday, November 16 to Tuesday, November 18, 2025. Elauwit said its executive and growth team will focus on building relationships, exchanging ideas, and exploring collaborations to advance connectivity, resident experience, and property performance.
Delegation: Sebastian Shahvandi (Chief Growth Officer), Katie Hayward (VP Marketing), Jordan Rubens (Chief of Staff), John Talifer (Business Development), Taylor Jones (President & CTO).
Elauwit will host a drink cart on the show floor in collaboration with Cambium Networks on Monday, November 17, 3:00–4:30 p.m. PST at Booth 269.
Elauwit (NASDAQ: ELWT) announced that Dan McDonough, Jr., executive chairman, will participate in the Craig Hallum 16th Annual Alpha Select Conference on Tuesday, November 18, 2025 in New York.
Attending investors seeking a 1x1 meeting should contact their Craig Hallum representative or Matt Kreps, investor relations, at mkreps@darrowir.com.
Elauwit (NASDAQ: ELWT) closed its initial public offering on November 6, 2025, selling 1,667,000 shares at $9.00 per share for gross proceeds of approximately $15.0 million before underwriting discounts and offering expenses. The company's shares began trading on the Nasdaq Capital Market under ticker ELWT on November 5, 2025.
Craig-Hallum Capital Group acted as sole bookrunner. The registration statement (Form S-1, File No. 333-289964) was filed August 29, 2025, and became effective November 2, 2025. Prospectus copies are available from Craig-Hallum or the SEC website.
Elauwit (NASDAQ: ELWT) priced a firm commitment initial public offering of 1,667,000 shares at $9.00 per share, producing gross proceeds of approximately $15.0 million before underwriting discounts and offering expenses. The shares are expected to begin trading on the Nasdaq Capital Market under ticker ELWT at market open on November 5, 2025, with the offering expected to close on November 6, 2025 subject to customary closing conditions.
The company granted the underwriters a 45-day option to purchase up to an additional 250,050 shares. Net proceeds are intended for debt repayment, project deployments, sales and marketing development, deferred compensation, working capital and general corporate purposes. Craig-Hallum Capital Group LLC is sole bookrunner.
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