• Elauwit Connection posted a wider net loss of $2.2 million for the three months ended March 31, 2026, as revenue fell 18.6% to $4.4 million versus the prior-year period.
• Operating loss widened to $2.2 million from $0.4 million, while gross margin slipped 4 percentage points to 19%.
• Operating expenses jumped 85.9% to $3 million, driven by higher public-company costs following the November 2025 IPO and added personnel in project management, network engineering, finance, and operations.
• Recurring service revenue more than doubled to $1.1 million, reflecting networks deployed in 2024 and 2025 reaching activation and beginning billing under long-term service agreements.
• Backlog rose to $38.1 million, while contracted units climbed to 36,720 and billed units increased to 20,059 as of March 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elauwit Connection Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-061490), on May 15, 2026, and is solely responsible for the information contained therein.