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Elauwit Connection, Inc.
(NASDAQ:ELWT)
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Rating:53Neutral
Price Target:
$5.50
▼(-22.64% Downside)
Action:Reiterated
Date:08/18/26
The score is held back primarily by weak financial performance—ongoing losses and deteriorating negative operating/free cash flow—despite improving balance-sheet positioning. Technicals are supportive with price above key moving averages and positive momentum indicators. The earnings call adds a mixed but moderately positive outlook due to strong unit/backlog growth and cost-savings plans, tempered by weak near-term results and limited cash; valuation remains constrained by a negative P/E and no dividend yield provided.
Positive Factors
Revenue Scale
The sharp multi-year revenue increase shows that Elauwit is expanding its commercial base and gaining operating scale. If demand converts into recurring services, the larger revenue platform could support better fixed-cost absorption and improve future earnings potential.
Negative Factors
Negative Cash Generation
Persistent and worsening negative operating and free cash flow show that the business is not yet self-funding despite revenue growth. Continued cash consumption may require external capital or substantial cost control, limiting financial flexibility over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Scale
The sharp multi-year revenue increase shows that Elauwit is expanding its commercial base and gaining operating scale. If demand converts into recurring services, the larger revenue platform could support better fixed-cost absorption and improve future earnings potential.
Read all positive factors
Elauwit Connection, Inc. (ELWT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$38.06M
Dividend YieldN/A
Average Volume (3M)9.87K
Price to Earnings (P/E)―
Beta (1Y)-0.07
Revenue Growth7.37%
EPS Growth-239.34%
CountryUS
Employees33
SectorGeneral
Sector StrengthN/A
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-1.53
Shares Outstanding6,619,796
10 Day Avg. Volume5,033
30 Day Avg. Volume9,871
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)6.04
Price to Sales (P/S)1.23
P/FCF Ratio-4.67
Enterprise Value/Market Cap1.29
Enterprise Value/Revenue2.84
Enterprise Value/Gross Profit21.38
Enterprise Value/Ebitda-5.50
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.74
Revenue Forecast (FY)$27.66M
Elauwit Connection, Inc. Business Overview & Revenue Model
Company Description
Elauwit Connection, Inc. delivers broadband internet networks to multifamily residences and student housing developments across the United States. The company manages the entire process of fiber optic and WiFi network deployment within each contra...
Elauwit Connection, Inc. Earnings Call Summary
Earnings Call Date:Aug 18, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Dec 14, 2026
Earnings Call Sentiment Neutral
The call presents strong operational momentum: meaningful growth in contracted, activated, and billed units; a growing backlog and a large pipeline; and identified cost savings and operational improvements that should benefit margins over time. However, the company is facing significant near-term financial pressure — steep revenue declines year-over-year, widening operating losses and higher OpEx driven by scaling and public-company costs — largely attributable to timing of construction projects and short-term investments. Management is optimistic about a Q3/Q4 recovery as construction activity re-weights to the second half and efficiencies take effect, but current financial results are weak while leading indicators are positive.Positive Updates
Contracted Units Growth
Contracted units increased 33% year-over-year to 42,687 (from 32,094). Management expects to exceed 50,000 units under contract by year-end, which would represent a >46% annualized increase for 2026.
Negative Updates
Sharp Revenue Decline
Total revenue for Q2 decreased 46% YoY to $2.9 million (down $2.5M). For the six months ended June 30, 2026, revenue decreased 32.4% YoY to $7.3 million (down $3.5M), primarily due to timing/lumpiness of construction projects.
Read all updates
Q2-2026 Updates
Positive
Negative
Contracted Units Growth
Contracted units increased 33% year-over-year to 42,687 (from 32,094). Management expects to exceed 50,000 units under contract by year-end, which would represent a >46% annualized increase for 2026.
Read all positive updates
Company Guidance
Management guided that 2026 is now weighted to the second half and expects an uptick in both construction revenue and recurring services revenue as billed units scale, targeting smoother quarters as recurring services grow; they reiterated a goal to exceed 50,000 contracted units by year‑end (from 42,687 as of 6/30), which would imply >46% annualized growth, after adding ~5,900 new contracted units in Q2 (a 16% QoQ and 33% YoY rise) and signing >10,000 YTD; key operating metrics at 6/30 included 27,134 activated units (up 94% YoY) and 22,967 billed units (up 163% YoY), 16,000 units awarded (verbal or written), a pipeline of >500 properties/98,000 units, contracted backlog of >$38.9M (deferred revenue $5.3M), cash $1.2M, AR $3.6M and inventory $2.9M; they expect network construction gross margins back toward ~20% and recurring services margins of 10–15%, and forecast about $1.9M of annualized OpEx savings to help improve operating results and reduce net loss/adjusted EBITDA losses in H2 2026 and into 2027.Elauwit Connection, Inc. Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
35
Negative
Cash Flow
20
Very Negative
| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 17.21M | 21.62M | 8.49M | 3.92M |
| Gross Profit | 2.29M | 4.00M | 1.16M | 195.00K |
| EBITDA | -8.91M | -3.85M | -3.20M | -2.59M |
| Net Income | -9.14M | -4.23M | -3.47M | -2.69M |
Balance Sheet | ||||
| Total Assets | 10.10M | 11.94M | 7.73M | 1.41M |
| Cash, Cash Equivalents and Short-Term Investments | 1.18M | 6.15M | 287.00K | 329.00K |
| Total Debt | 2.67M | 2.02M | 3.48M | 1.22M |
| Total Liabilities | 10.86M | 7.53M | 12.26M | 4.32M |
| Stockholders Equity | -757.00K | 4.42M | -4.54M | -2.91M |
Cash Flow | ||||
| Free Cash Flow | -9.47M | -5.71M | -3.87M | -2.00M |
| Operating Cash Flow | -9.42M | -5.71M | -3.87M | -2.00M |
| Investing Cash Flow | -53.00K | 0.00 | 250.00K | 0.00 |
| Financing Cash Flow | 10.13M | 11.58M | 3.58M | 2.24M |
Elauwit Connection, Inc. Technical Analysis
Negative
7.11
Price Trends
7.17
Negative
7.09
Negative
6.75
Negative
Market Momentum
-0.42
Positive
28.92
Positive
16.10
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ELWT, the sentiment is Negative. The current price of 7.11 is above the 20-day moving average (MA) of 6.52, below the 50-day MA of 7.17, and above the 200-day MA of 6.75, indicating a bearish trend. The MACD of -0.42 indicates Positive momentum. The RSI at 28.92 is Positive, neither overbought nor oversold. The STOCH value of 16.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ELWT.
Elauwit Connection, Inc. Risk Analysis
Elauwit Connection, Inc. disclosed 41 risk factors in its most recent earnings report. Elauwit Connection, Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Elauwit Connection, Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $2.16B | 23.90 | 24.83% | 0.33% | 5.40% | 14.64% | |
73 Outperform | $553.10M | 51.18 | 11.59% | ― | 17.19% | ― | |
69 Neutral | $197.21M | 42.06 | 6.23% | 1.28% | 25.49% | 27.81% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | $38.06M | -3.52 | -4131.98% | ― | 7.37% | -239.34% | |
48 Neutral | $11.03M | -0.45 | -81.23% | ― | 39.28% | 10.85% | |
47 Neutral | $9.77M | -0.39 | -0.93% | ― | -12.14% | -111.36% |
* General Sector Average
ELWT
Elauwit Connection, Inc.
5.37
-1.83
-25.42%
CXDO
Crexendo
5.80
-0.23
-3.81%
IDT
IDT
82.68
35.73
76.09%
OOMA
Ooma
20.18
8.85
78.11%
IQST
iQSTEL
1.00
-5.07
-83.54%
UCL
uCloudlink Group
0.24
-1.88
-88.87%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.