Business
Elauwit Connection, Inc. Announces 154% Increase in Full Year 2025 Revenue
Recurring Service Revenue Increases 151% New Sales Organization Producing Immediate Traction Activated, Contracted and Billed Units All Continue to Increase
About this update from Elauwit Connection, Inc.
[{"type":"text","content":"Recurring Service Revenue Increases 151%\nNew Sales Organization Producing Immediate Traction\nActivated, Contracted and Billed Units All Continue to Increase\nColumbia, South Carolina--(Newsfile Corp. - March 31, 2026) - Elauwit Connection, Inc. (NASDAQ: ELWT) (\"Elauwit,\" the \"Company,\" \"we,\" or \"our\"), a national managed services provider of turnkey broadband and property-wide WiFi networks serving multifamily, student housing, and senior living communities, today reported financial results for the fourth quarter and full year ended December 31, 2025.\nSaid Dan McDonough, Executive Chairman, \"Elauwit continues to execute on all fronts – sales activity is ramping, installations are moving ahead to plan, and property owners choosing Elauwit are seeing the benefits of increased revenue sources and higher valuations. We are activating units at a steady pace then transitioning these new customers into billing units over the first 12 months of our multi-year services agreements, creating steady and predictable growth in Elauwit's monthly recurring service revenue.\n\"Even more exciting, we are steadily contracting for more properties to install, with interest in both our managed services and network-as-a-service (\"NaaS\") business models. Augmenting our existing sales momentum as we exited 2025, we launched our new sales team during the first quarter of 2026, and they are off to an exciting start. Within the first 8 weeks they have identified approximately 8,000 units of incremental bidding opportunity from property groups representing potentially up to 50,000 total units over time. In total, our new sales initiatives are targeting 2,000 new business accounts representing up to 12 million units of opportunity.\n\"As we onboard more properties across our $25 billion addressable market, and secure wins with more ownership groups representing multiple properties, we believe the industry is increasingly coming to know Elauwit's win-win-win scenario: better service to residents, improved revenue share and value to property owners, and profitable growth for Elauwit.\"\nFinancial Highlights (unaudited)\n\n\n\n\n\nThree Months Ended\n\n \n\nFull Year Ended\n\n\n\n\n\n(in $ millions)\n\nDecember 31, 2025\n\n \n\nDecember 31, 2024\n\n \n\nDecember 31, 2025\n\n \n\nDecember 31, 2024\n\n\n\nRevenues\n$\n6.1\n\n \n$\n3.3\n\n \n$\n21.6\...