Elauwit Q2 FY26 net loss widens to $3.1 million; revenue drops 46% to $2.9 million YoY
ELWT•Q2 revenue falls as net loss widens
Elauwit Connection posted Q2 revenue of USD 2.9 million, down 46% year over year, with net loss widening to USD 3.1 million.
Units, backlog and liquidity improve
- Contracted units climbed 16% quarter over quarter to 42,687, up 33% from a year earlier.
- Activated units rose to 27,134, up 94% year over year; billed units more than doubled to 22,967, up 163%.
- Backlog increased to USD 38.9 million from a year earlier; cash totaled USD 1.2 million, with total debt at USD 2.2 million.
- Management expects contracted units to exceed 50,000 before year-end, with new construction weighted to the second half of 2026.
