Business
Elauwit Connection, Inc. Announces 178% Increase in Third Quarter Revenue
Recurring Service Revenue Increases 163%Post-IPO Balance Sheet Supports Networking as a Service Implementations, Expands Addressable MarketColumbia, South Carolina--(Newsfile Corp. - December 8, 2025) - Elauwit Connection, Inc. (NASDAQ: ELWT) ("Elauwit," the "Company," "we," "us," or "our"), a national managed services provider delivering turnkey broadband and property-wide WiFi networks for multifamily and student housing communities, today reported financial results for the third quarter ended
About this update from Elauwit Connection, Inc.
[{"type":"text","content":"Recurring Service Revenue Increases 163%","length":40,"tagName":"p","attribs":{}},{"type":"text","content":"Post-IPO Balance Sheet Supports Networking as a Service Implementations, Expands Addressable Market","length":99,"tagName":"p","attribs":{}},{"type":"text","content":"Columbia, South Carolina--(Newsfile Corp. - December 8, 2025) - Elauwit Connection, Inc. (NASDAQ: ELWT) ("Elauwit," the "Company," "we," "us," or "our"), a national managed services provider delivering turnkey broadband and property-wide WiFi networks for multifamily and student housing communities, today reported financial results for the third quarter ended September 30, 2025 (the "third quarter").","length":463,"tagName":"p"},{"type":"text","content":"Said Dan McDonough, Executive Chairman, "Elauwit is growing rapidly as it redefines how broadband services are provided to multifamily housing properties. We believe we are creating a win-win-win scenario with better service to residents, improved economics to property owners, and profitable growth for Elauwit.","length":317,"tagName":"p"},{"type":"text","content":""We are excited to report strong year-over-year growth in the third quarter, demonstrating our ability to onboard long-term recurring revenue contracts with property owners. We anticipate deploying the capital from our recent Nasdaq initial public offering to further expand our sales and marketing team and offer services under a Networking-as-a-Service ("NaaS") model that allow us to reach even more properties in our $25 billion addressable market.","length":467,"tagName":"p"},{"type":"text","content":""We have a strong and growing pipeline of properties coming onto our platform, which will generate years of expected recurring revenue for Elauwit and provide visibility into continued revenue growth. We also have a growing funnel of new business opportunities as properties learn how Elauwit can increase their revenue potential, resident satisfaction and property value."","length":383,"tagName":"p"},{"type":"text","content":"Financial Highlights (unaudited)","length":32,"tagName":"p"},{"type":"table","headerItems":[{"style":"text-align:center;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}],"items":[{"val...