Every 10-Q that ELAUWIT CONNECTION INC (ELWT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ELWT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ELWT filings page.
Elauwit Connection, Inc. (ELWT) reported sharply weaker results for the quarter ended June 30, 2026. Quarterly revenue was $2.9 million, down from $5.3 million a year earlier, and the net loss widened to $3.1 million from $0.9 million. For the first six months of 2026, revenue was $7.3 million versus $10.8 million in 2025, with a net loss of $5.3 million versus $1.3 million.
The balance sheet deteriorated: cash fell to $1.2 million from $6.2 million at December 31, 2025, total assets declined to $10.1 million, and accumulated deficit reached $19.9 million, leaving stockholders’ equity at a deficit of $0.8 million. Deferred revenue increased to $5.6 million, and total related party debt rose to $1.6 million, including a new $2.0 million May 2026 term loan facility with $0.5 million drawn at 15.5% interest.
Despite recurring losses and operating cash outflows of $5.2 million in the first half, management cites available liquidity, remaining borrowing capacity and cost controls in concluding that no substantial doubt about going concern exists for at least the next twelve months. The company also reports a backlog of $38.9 million in remaining performance obligations extending through 2032.
Elauwit Connection, Inc. reported first‑quarter 2026 revenue of $4.43 million, down from $5.45 million a year earlier, as project activity shifted. Net loss widened to $2.16 million from $0.44 million, driven mainly by higher general and administrative expenses and increased sales and marketing spend.
Cash and cash equivalents were $3.53 million as of March 31 2026, after using $2.49 million in cash for operating activities in the quarter. Deferred revenue rose to $4.10 million, and the company reported a contracted backlog of $38.1 million, of which about $13.7 million is expected to be recognized as revenue in 2026.
Management highlighted that a November 2025 initial public offering delivered net proceeds of about $13.6 million, and that a new related‑party term loan of $2.0 million, entered into in May 2026, will provide additional working capital. Considering this liquidity and expected cash flows, management concluded that substantial doubt about the company’s ability to continue as a going concern no longer exists.
Elauwit Connection, Inc. filed an amended quarterly report to restate its unaudited financial statements for the three and nine months ended September 30, 2025 after identifying revenue recognition errors on network design and installation contracts accounted for under percentage-of-completion.
Revenue for the nine-month period was reduced by $1.391 million to $15.548 million, and net loss widened to $1.938 million. The overstatement stemmed from a reconciliation breakdown between the general ledger and an external revenue model, which duplicated revenue in certain 2025 interim periods. Management concluded the errors were material but not the result of intentional misconduct, and implemented enhanced controls.
As of September 30, 2025, Elauwit reported cash of $0.8 million, total assets of $7.7 million, total liabilities of $14.1 million, and an accumulated deficit of $12.3 million, resulting in stockholders’ deficit of $6.4 million. The company had used $1.3 million of cash in operating activities year-to-date and disclosed that these conditions raised substantial doubt about its ability to continue as a going concern at that time.
Elauwit subsequently closed an initial public offering on November 6, 2025, raising gross proceeds of approximately $15.0 million, which management states alleviated the earlier going concern uncertainty. The company continues to report material weaknesses in internal control over financial reporting related to the percentage-of-completion revenue process and has restated related disclosures, while also highlighting a $30.3 million backlog of remaining performance obligations extending through 2032.