Elauwit Connection Q2 revenue falls 46% to $2.9 million; net loss widens to $3.1 million
Elauwit Connection reported second-quarter 2026 revenue of $2.9 million, down 46% from $5.3 million a year earlier, and a net loss of $3.1 million, compared with $0.9 million in the prior-year quarter. The company attributed the revenue decline to the timing of construction projects, which it expects to weight toward the second half of 2026, and said contracted units rose 33% year over year to 42,687.
Key points
- Q2 2026 revenue was $2.9 million, down from $5.3 million in Q2 2025; six-month revenue was $7.3 million, down from $10.8 million.
- Q2 2026 net loss was $3.1 million ($0.47 per share), compared with $0.9 million ($0.17 per share) a year earlier.
- Contracted units reached 42,687 at June 30, 2026, up 33% year over year; billed units rose 163% to 22,967.
- As of June 30, 2026, cash and cash equivalents were $1.2 million and total debt was $2.2 million.
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 18, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.