NASDAQ : ELWT
Elauwit Connection, Inc. — Financial statements
Communication Services · Telecom Services · United States
Last price 4.775 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 31.61M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Elauwit Connection, Inc. (ELWT) reported revenue of 18.13M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 18.13M | 21.62M | 8.49M | 3.92M |
| Cost of Revenue | 14.92M | 17.61M | 7.33M | 3.73M |
| Gross Profit | 3.21M | 4.00M | 1.16M | 195.00K |
| Selling, General & Admin | 11.09M | 7.69M | 4.38M | 2.78M |
| Research & Development | 19.00K | 19.00K | 1.00K | 11.00K |
| Operating Expenses | 11.11M | 7.71M | 4.38M | 2.79M |
| Operating Income | -7.90M | -3.71M | -3.22M | -2.59M |
| Interest Expense | -209.00K | -405.00K | -302.00K | -98.00K |
| Interest & Investment Income | 53.00K | 52.00K | 47.00K | |
| Other Non Operating Income (Expenses) | 7.00K | 7.00K | ||
| EBT Excluding Unusual Items | -8.05M | -4.05M | -3.47M | -2.69M |
| Other Unusual Items | -176.00K | -176.00K | ||
| Pretax Income | -8.22M | -4.23M | -3.47M | -2.69M |
| Income Tax Expense | 1.00K | |||
| Net Income | -8.22M | -4.23M | -3.47M | -2.69M |
| Net Income to Common | -8.22M | -4.23M | -3.47M | -2.69M |
| Shares Outstanding (Basic) | 6.07M | 5.26M | 3.55M | 2.80M |
| Shares Outstanding (Diluted) | 6.07M | 5.26M | 3.55M | 2.80M |
| EPS (Basic) | -1.35 | -0.80 | -0.98 | -0.96 |
| EPS (Diluted) | -1.35 | -0.80 | -0.98 | -0.96 |
| Gross Margin | 17.70% | 18.52% | 13.70% | 4.97% |
| Operating Margin | -43.55% | -17.14% | -37.88% | -66.07% |
| Profit Margin | -45.34% | -19.56% | -40.89% | -68.57% |
| EBITDA | -3.21M | -2.59M | ||
| EBITDA Margin | -37.85% | -66.00% | ||
| D&A For EBITDA | 3.00K | 3.00K | ||
| EBIT | -7.90M | -3.71M | -3.22M | -2.59M |
| EBIT Margin | -43.55% | -17.14% | -37.88% | -66.07% |
| Advertising Expenses | 36.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 1.18M | 6.15M | 287.00K | 329.00K |
| Cash & Short-Term Investments | 1.18M | 6.15M | 287.00K | 329.00K |
| Receivables | 3.75M | 2.62M | 4.52M | 898.00K |
| Inventory | 2.90M | 1.00M | 1.61M | 156.00K |
| Prepaid Expenses | 179.00K | 362.00K | 110.00K | |
| Other Current Assets | 208.00K | 188.00K | 148.00K | |
| Total Current Assets | 8.22M | 10.33M | 6.67M | 1.38M |
| Property, Plant & Equipment | 470.00K | 28.00K | 55.00K | |
| Long-Term Accounts Receivable | 1.38M | 1.56M | 977.00K | |
| Other Long-Term Assets | 36.00K | 26.00K | 25.00K | 25.00K |
| Total Assets | 10.10M | 11.94M | 7.73M | 1.41M |
| Accounts Payable | 1.78M | 1.81M | 1.91M | 391.00K |
| Accrued Expenses | 806.00K | 495.00K | 316.00K | 272.00K |
| Current Portion of Long-Term Debt | 1.18M | 1.00M | 695.00K | 546.00K |
| Current Portion of Leases | 54.00K | 29.00K | 36.00K | |
| Current Unearned Revenue | 5.31M | 2.89M | 6.21M | 1.88M |
| Other Current Liabilities | -116.00K | |||
| Total Current Liabilities | 9.12M | 6.22M | 9.18M | 2.97M |
| Long-Term Debt | 1.06M | 996.00K | 2.73M | 673.00K |
| Long-Term Leases | 384.00K | 19.00K | ||
| Long-Term Unearned Revenue | 293.00K | 308.00K | ||
| Other Long-Term Liabilities | 342.00K | 676.00K | ||
| Total Liabilities | 10.86M | 7.53M | 12.26M | 4.32M |
| Additional Paid-In Capital | 19.13M | 19.01M | 5.86M | 625.00K |
| Retained Earnings | -19.89M | -14.59M | -10.37M | -6.89M |
| Comprehensive Income & Other | -30.00K | -30.00K | ||
| Total Common Equity | -757.00K | 4.42M | -4.54M | -6.30M |
| Shareholders' Equity | -757.00K | 4.42M | -4.54M | -2.91M |
| Total Liabilities & Equity | 10.10M | 11.94M | 7.73M | 1.41M |
| Total Debt | 2.67M | 2.02M | 3.48M | 1.22M |
| Net Cash (Debt) | -1.49M | 4.13M | -3.19M | -890.00K |
| Net Cash Per Share | -0.25 | 0.79 | -0.90 | -0.32 |
| Filing Date Shares Outstanding | 6.62M | 6.62M | 6.67M | 2.80M |
| Total Common Shares Outstanding | 6.62M | 6.62M | 5.00M | 2.80M |
| Working Capital | -903.00K | 4.11M | -2.51M | -1.59M |
| Book Value Per Share | -0.11 | 0.67 | -0.91 | -2.25 |
| Tangible Book Value | -757.00K | 4.42M | -4.54M | -6.30M |
| Tangible Book Value Per Share | -0.11 | 0.67 | -0.91 | -2.25 |
| Order Backlog | 34.00M | 34.80M | 13.10M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | -8.22M | -4.23M | -3.47M | -2.69M |
| Depreciation & Amortization | 30.00K | 27.00K | 17.00K | 3.00K |
| Stock-Based Compensation | 120.00K | 108.00K | ||
| Provision & Write-off of Bad Debts | 457.00K | 303.00K | ||
| Other Operating Activities | 176.00K | 176.00K | 116.00K | |
| Change in Accounts Receivable | 2.02M | 1.74M | -3.55M | 539.00K |
| Change in Inventory | -1.65M | 602.00K | -1.45M | -156.00K |
| Change in Accounts Payable | -1.11M | -101.00K | 1.52M | -531.00K |
| Change in Unearned Revenue | -1.29M | -3.02M | 4.33M | 704.00K |
| Change in Other Net Operating Assets | 56.00K | -1.21M | -1.38M | 19.00K |
| Operating Cash Flow | -9.42M | -5.71M | -3.87M | -2.00M |
| Cash Acquisitions | 250.00K | |||
| Investing Cash Flow | -53.00K | 250.00K | ||
| Long-Term Debt Issued | 1.28M | 2.50M | 630.00K | |
| Long-Term Debt Repaid | -3.06M | -1.29M | -246.00K | |
| Net Debt Issued (Repaid) | -2.20M | -1.78M | 1.20M | 384.00K |
| Issuance of Common Stock | 14.33M | 14.36M | ||
| Repurchase of Common Stock | -2.00M | -2.00M | ||
| Other Financing Activities | 1.00M | |||
| Financing Cash Flow | 10.13M | 11.58M | 3.58M | 2.24M |
| Net Cash Flow | 655.00K | 5.87M | -42.00K | 240.00K |
| Levered Free Cash Flow | -5.65M | -3.59M | -1.49M | |
| Unlevered Free Cash Flow | -5.52M | -3.33M | -1.30M | |
| Cash Interest Paid | 422.00K | 476.00K | 302.00K | 98.00K |
| Cash Income Tax Paid | 4.00K | 4.00K | 2.00K | |
| Change in Working Capital | -1.98M | -1.99M | -522.00K | 575.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 29.13M | 33.56M | ||
| Enterprise Value | 30.62M | 37.02M | ||
| Last Close Price | 4.40 | 5.07 | ||
| PS Ratio | 1.61 | 1.55 | ||
| PB Ratio | 7.60 | |||
| P/TBV Ratio | 7.60 | |||
| EV/Sales Ratio | 1.69 | 1.71 | ||
| Debt / Equity Ratio | -3.53 | 0.46 | -0.77 | -0.42 |
| Net Debt / Equity Ratio | -1.97 | -0.94 | -0.70 | -0.30 |
| Net Debt / EBITDA Ratio | -0.99 | -0.34 | ||
| Asset Turnover | 1.76 | 2.20 | 1.86 | |
| Inventory Turnover | 7.21 | 13.50 | 8.32 | |
| Quick Ratio | 0.54 | 1.41 | 0.52 | 0.41 |
| Current Ratio | 0.90 | 1.66 | 0.73 | 0.47 |
| Return on Assets (ROA) | -47.81% | -23.55% | -44.04% | |
| Return on Capital Employed (ROCE) | -806.60% | -64.80% | 221.90% | 165.60% |
| Earnings Yield | -30.79% | -12.60% | ||
| Buyback Yield / Dilution | -30.64% | -48.32% | -26.62% |