Elauwit Connection, Inc. ELWT
We are a provider of broadband Internet networks for the multifamily and student housing property sector. We provide Managed Services and Network-as-a-Service solutions designed to modernize and enhance the Internet connectivity experience for residents while driving significant financial benefits for property owners.
We strive to be a leading player in a booming multifamily property conversion trend through service commitment, operational experience and flexibility. Key highlights of our business and market opportunity include:
● There is an untapped market to fulfill major demand for network services in multifamily housing units:
o According to market estimates from the National Multifamily Housing Council ("NMHC"), there are approximately 23 million apartment units in the U.S., and we estimate 55% of those units are well-suited for our network services.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $21.6M | $8.5M | — |
| Cost of revenue | $17.6M | $7.3M | — |
| Gross profit | $4.0M | $1.2M | — |
| R&D | $19.0K | $1.0K | — |
| SG&A | $7.5M | $4.3M | — |
| Total operating expenses | $7.7M | $4.4M | — |
| Operating income | -$3.7M | -$3.2M | — |
| Pre-tax income | -$4.2M | -$3.5M | — |
| Income tax | — | $1.0K | — |
| Net income | -$4.2M | -$3.5M | — |
| EPS, basic | -0.80 | -0.98 | — |
| EPS, diluted | -0.80 | -0.98 | — |
| Shares, diluted (wtd. avg.) | 5.3M | 3.5M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and equivalents | $6.2M | $287.0K | $329.0K |
| Receivables | $2.4M | $4.5M | $900.0K |
| Inventory | $1.0M | $1.6M | — |
| Total current assets | $10.3M | $6.7M | — |
| Total assets | $11.9M | $7.7M | — |
| Accounts payable | $1.8M | $1.9M | — |
| Short-term debt | $1.0M | $695.0K | — |
| Total current liabilities | $6.2M | $9.2M | — |
| Long-term debt | $996.0K | $2.7M | — |
| Total liabilities | $7.5M | $12.3M | — |
| Retained earnings | -$14.6M | -$10.4M | — |
| Total equity | $4.4M | -$4.5M | -$6.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Operating cash flow | -$5.7M | -$3.9M | — |
| Investing cash flow | — | $250.0K | — |
| Financing cash flow | $11.6M | $3.6M | — |
| Buybacks | $2.0M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-072344.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | — | $8.5M | $21.6M |
| Gross profit | — | $1.2M | $4.0M |
| Net income | — | -$3.5M | -$4.2M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Results announced Item 2.02
- Officer or director change Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Accounts can no longer be relied on The company is telling investors that figures it has already published are wrong. Rare, and about as direct as a filing gets. Item 4.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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