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Friday 6 November 2026
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Elauwit Connection, Inc.
ELWT Communication Services Telecom Services
Elauwit Connection, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $21.6 million, up 154.5% from fiscal 2024.
- Revenue
- −46.4%
- EPS
- −174.2%
- Free cash flow
- −3,204.7%
- Total debt
- −40.6%
Quarter to June 2026, against a year earlier
4.00
0.31
−7.19%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | — | 8 | 22 | 18 | +154.5% | 19 | 39 | — | +35.0% | |
| Gross margin, % | — | — | — | — | — | — | — | — | 13.70 | 18.52 | 17.70 | +4.8 pt | ||||||
| EBT | — | — | — | — | — | — | — | — | (3) | (4) | (8) | +21.7% | ||||||
| EBT margin, % | — | — | — | — | — | — | — | — | (40.88) | (19.56) | (45.35) | +21.3 pt | ||||||
| Net income | — | — | — | — | — | — | — | — | (3) | (4) | (8) | +21.7% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | — | 2.40 | 4.11 | 2.74 | +71.6% | |||||
| Earnings | — | — | — | — | — | — | — | — | (0.98) | (0.80) | (1.34) | (18.4%) | ||||||
| Cash flow | — | — | — | — | — | — | — | — | (1.09) | (1.09) | (1.42) | (0.5%) | ||||||
| Capex | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Free cash flow | — | — | — | — | — | — | — | — | (1.09) | (1.09) | (1.42) | (0.5%) | ||||||
| Book value | — | — | — | — | — | — | — | — | (1.28) | 0.84 | (0.11) | n/m | ||||||
| Shares, m | — | — | — | — | — | — | — | — | 4 | 5 | 6 | +48.3% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | — | — | — | — | 2.06 | 1.23 | 1.46 | 1.6 | ||||||
| P/B | — | — | — | — | — | — | — | — | 0.00 | 6.04 | 0.00 | 3.0 | ||||||
| EV/Sales | — | — | — | — | — | — | — | — | 2.26 | 1.03 | 1.51 | 1.6 | ||||||
| EV/FCF | — | — | — | — | — | — | — | — | (19.09) | (3.91) | (2.90) | (11.5) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | — | (4) | (6) | (9) | +47.6% | |||||
| Capex | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Free cash flow | — | — | — | — | — | — | — | — | (4) | (6) | (9) | +47.6% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | — | (3) | 4 | (1) | n/m | |||||
| Net debt | — | — | — | — | — | — | — | — | 3 | (4) | 1 | n/m | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | — | (5) | 4 | (1) | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | — | 0.00 | (42.99) | (162.81) | (43.0) pt | |||||
| ROIC | — | — | — | — | — | — | — | — | 0.00 | (897.77) | (5,196.05) | (897.8) pt | ||||||
| ROE | — | — | — | — | — | — | — | — | 0.00 | 7,046.67 | 310.67 | +7,046.7 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 21 | 34 | — | +61.9% | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | — | 0.40 | 0.64 | — | +57.2% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026
Elauwit Connection, Inc. vs peers in Telecom Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| KVHI KVH Industries, Inc. | $109.6M | 205× | 46.4× | +35.13% (above 0%: growing) | n/m | −71.60% (below 0%: shrinking) | 0.00% | (3.23%) | Compare |
| PCLA PicoCELA Inc. | $57.7M | — | — | — | — | +33.38% (above 0%: growing) | — | — | Compare |
| CABO Cable One, Inc. | $29.3M | — (loss-making) | — (loss-making) | −11.66% (below 0%: shrinking) | n/m | +8.48% (above 0%: growing) | 0.00% | (103.25%) | Compare |
| ELWT Elauwit Connection, Inc. | $24.6M | — (loss-making) | — (loss-making) | −46.38% (below 0%: shrinking) | n/m | −3,204.65% (below 0%: shrinking) | 15.51% | (108.54%) | |
| FNGR FingerMotion, Inc. | $9.8M | — (loss-making) | — (loss-making) | −96.75% (below 0%: shrinking) | n/m | +39.18% (above 0%: growing) | 48.56% | (1,966.81%) | Compare |
| IOTR iOThree Limited | $9.6M | — | — | — | — | — | — | — | Compare |
| SURG SurgePays, Inc. | $8.6M | — (loss-making) | — (loss-making) | +40.69% (above 0%: growing) | n/m | +57.02% (above 0%: growing) | (2.62%) | 21.30% | Compare |
| IQST iQSTEL Inc. | $8.4M | — (loss-making) | — (loss-making) | +51.10% (above 0%: growing) | n/m | −805.48% (below 0%: shrinking) | 2.52% | (1.03%) | Compare |
| NIXX Nixxy, Inc. | $5.9M | — (loss-making) | — (loss-making) | +20.41% (above 0%: growing) | n/m | +17.55% (above 0%: growing) | 0.25% | (10.07%) | Compare |
| Median of peers | $9.7M | — | — | +27.77% | — | +17.55% | 0.13% | (6.65%) |
Pay and ownership Proxy statement filed 24 April 2026
Ownership
Directors and executive officers, together
47.60%
Daniel McDonough, Jr.
12.50%
Taylor Jones
12.00%
Minotaur Networks, LLC and Taylor Jones
12.00%
Baron Hunter Group, LLC and Daniel McDonough, Jr.
11.50%
Maxim Cerith LLC, Lawrence C. Glassberg and Ritesh Veera
11.30%
Barry Rubens
10.20%
Steele Creek Partners LLC and Barry Rubens
10.20%
Laurence W. Lytton
5.90%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement