Elauwit Connection, Inc. reports developments in managed broadband and property-wide WiFi networks for rental communities, including multifamily, student housing and senior living properties. The company designs, builds, operates and supports networks for property owners, with resident activation, customer support, monitoring and maintenance tied to contracted units and recurring service revenue.
Company news commonly covers new construction deployments, property-owner relationships, technology platforms such as Wi-Fi 6 access points and centralized network management, financial results, billed-unit growth, investor and industry conference activity, leadership changes and accounting updates related to revenue recognition.
Elauwit Connection (NASDAQ: ELWT) has been named Emerging Company to Watch at the inaugural Maravedis MDU Connectivity Awards.
The 2026 awards, presented by Calix, attracted 40 entries across nine categories. An independent panel evaluated entries, and Elauwit was one of three finalists in its category. The recognition follows 154 percent revenue growth in fiscal 2025. At the end of the second quarter of 2026, Elauwit had 42,687 contracted units, up 33 percent year over year, and 27,134 activated units, up 94 percent. Its Network-as-a-Service model funds network construction and charges property owners a monthly fee without upfront capital.
Elauwit Connection (ELWT) received Honorable Mention in the Multifamily Partner of the Year category at the 2026 Broadband Communities Awards. The award was presented August 26 at the Broadband Communities Summit in Houston. Elauwit was one of seven finalists.
The recognition covered its managed WiFi service model and relationships with GoldOller, Hanover and Thompson Thrift. Separately, Elauwit ended the second quarter of 2026 with 42,687 contracted units, up 33 percent year over year, and 27,134 activated units, up 94 percent. The company expects to reach 50,000 contracted units by year-end 2026.
Elauwit Connection (ELWT) has been selected by Avenue Living to build and support managed WiFi networks across three U.S. multifamily communities.
The awards cover 530 units at Hyde Park Flats in Cincinnati, Ohio; Blue Ridge Commons in Altoona, Iowa; and Garden Estates in Lexington, Kentucky. These existing properties will replace resident-by-resident retail internet with property-wide networks serving every unit. Construction is underway, with activation targeted for December 2026. These are Elauwit's first awards with Avenue Living, secured through a competitive selection process managed by ROVR.
Elauwit ended the second quarter of 2026 with 42,687 contracted units, up 33 percent year over year, and expects to exceed 50,000 before year-end.
Elauwit Connection (NASDAQ: ELWT) reported second quarter 2026 revenue of $2.9 million, down 46% year-over-year, with a net loss of $3.1 million versus $0.9 million a year earlier. Gross profit was $0.4 million and operating expenses rose to $3.5 million.
Key operating metrics improved sharply: contracted units reached 42,687, up 16% sequentially and 33% year-over-year; activated units rose 94% to 27,134; billed units increased 163% to 22,967. Year-to-date, Elauwit has signed more than 10,000 new units, including over 4,100 units across 14 properties with two large REIT owners announced in July.
Backlog grew to $38.9 million from $36.0 million a year earlier. As of June 30, 2026, cash was $1.2 million, total debt $2.2 million, and stockholders’ equity showed a deficit of $0.8 million compared with positive equity at year-end 2025.
Elauwit Connection (NASDAQ: ELWT) will file a Form NT 10-Q with the SEC under Rule 12b-25 to extend the deadline for its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. The company needs more time to complete its review and finalization of unaudited financial statements and expects to file within the permitted five-calendar-day extension period.
Elauwit has rescheduled the release of its second quarter 2026 results and conference call from August 14 to Tuesday, August 18, 2026, before market open. Management will host a live webcast and conference call at 8:00 a.m. Eastern Time, using the same dial-in and webcast access details previously provided.
Elauwit Connection (NASDAQ: ELWT) will release its second quarter 2026 financial results on Friday, August 14, 2026, before the U.S. market opens. Management will host a live webcast conference call at 8:00 a.m. Eastern Time to discuss the results and provide updates on strategic plans.
Investors can access the webcast, dial-in details, and related materials via Elauwit's investor relations website, with a replay available afterward. Elauwit is a managed services provider focused on turnkey broadband and property-wide WiFi networks for multifamily, student housing, and senior living communities.
Elauwit Connection (NASDAQ: ELWT) announced contract awards to deliver turnkey broadband and managed WiFi for 14 additional multifamily communities, covering more than 4,100 units across Arkansas, Georgia, Oklahoma, Texas and Virginia. The properties are owned by two large multifamily REITs that collectively hold hundreds of communities and hundreds of thousands of units in multiple states and Washington, D.C.
According to Elauwit, the awards support REIT owners seeking to control their own networks and resident experience while using managed service providers for operations. Construction on the first projects is expected to begin promptly, with all properties targeted for completion by the end of 2026.
Elauwit Connection (NASDAQ: ELWT) named Nick Jones as Chief Information Officer and Chief Operating Officer, succeeding Chief Operations Officer Rick Alder.
According to Elauwit, under Alder the company expanded to 176 sites and nearly 40,000 units in 15 months and improved key customer satisfaction and support metrics.
Elauwit Connection (NASDAQ: ELWT) reported Q1 2026 revenue of $4.4 million, down 19% year-over-year, with a net loss of $2.2 million. Gross profit was $0.8 million and operating expenses were $3.0 million.
Contracted units rose 29%, billed units 115%, and backlog reached $38.1 million. The new sales team has secured ~40 verbal awards totaling over 11,000 units. Cash was $3.5 million and total debt $1.9 million as of March 31, 2026.
Elauwit Connection (NASDAQ: ELWT) plans to release its first quarter 2026 financial results on Thursday, May 14, 2026, before the market opens.
Management will host a live webcast conference call at 8:00 a.m. Eastern Time to review results and discuss strategic business updates.