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Elauwit reports 114% rise in billed units despite 19% revenue drop, driven by new sales team and expanded contracts.

Company Fundamentals
14 May 2026
Newsfile Corp
View Source
Bullish
pluang ai news

Elauwit Connection, Inc. announced a 114.8% year-over-year increase in billed units for Q1 2026, reaching over 20,000 units, driven by a new sales team securing verbal awards for 40 new properties. Despite a 19% revenue decline to $4.4 million due to timing of construction projects, recurring service revenue is growing as more units activate under long-term contracts. The company’s backlog nearly doubled to $38.1 million, reflecting strong future revenue potential. Investments in new enterprise systems and expanded subcontractor networks position Elauwit for continued growth in the $25 billion broadband market for rental communities.

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