ELWT Elauwit Connection, Inc. - Common Stock
$7.40
Price · Aug 19, 2026
Fundamentals as of May 15, 2026
52W Range
$4–$10
59% of range
Analyst Rating
BUY
7 analysts
Price Target
$12
+62% upside
P/E (TTM)
-6.3
ROE
608.8%
Net Profit Margin
-19.6%
ELWT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$7.40
Market Cap
—
P/E (TTM)
-6.3
EPS (TTM)
$-0.80
Revenue (TTM)
$22M
Div Yield
—
ROE
608.8%
Debt/Equity
0.5
52W Range
$4 – $10
ELWT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$22M
2024-12-31
→
2025-12-31
EPS
$-0.80
2024-12-31
→
2025-12-31
Free Cash Flow
—
Margins
-19.6%
2025-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
ELWT
Peer Median
P/E (TTM)
-6.3
33.0
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
ELWT
Peer Median
Gross Margin
18.5%
41.9%
Operating Margin
-17.1%
—
Net Profit Margin
-19.6%
-7.0%
ROA
-39.2%
-4.8%
ROE
608.8%
-52.0%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
ELWT
Peer Median
Debt / Equity
0.5
—
Current Ratio
1.7
1.6
Quick Ratio
1.4
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
ELWT
Peer Median
Revenue YoY
154.5%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
ELWT
Peer Median
ELWT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
7 analysts
- Strong Buy 2 28.6%
- Buy 4 57.1%
- Hold 1 14.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
1 analysts · 2026-08-14
Low
$12.00
High
$12.00
Median target
$12.00
+62.2%
Mean target
$12.00
+62.2%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.03%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.47 | $-0.24 | — |
| March 31, 2026 | $-0.33 | $-0.22 | -0.11% |
| Dec. 31, 2025 | $-0.03 | $-0.03 | 0.00% |
| Sept. 30, 2025 | $0.01 | $-0.01 | 0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| ELWT | — | -6.3 | 154.5% | -19.6% | 608.8% | 18.5% |
| IRDM | $1.82B | 16.4 | 4.9% | 13.1% | 24.4% | — |
| ATEX | $722M | 7.9 | 7.8% | 1394.2% | 36.1% | — |
| BAND | — | -35.9 | 0.71% | -1.7% | -3.3% | 39.1% |
| LILA | — | -2.4 | -0.10% | -13.8% | -74.4% | — |
| CCOI | $1.08B | -5.7 | -5.8% | -18.7% | 2120.8% | — |
| NXPL | — | — | — | — | — | — |
| IQST | — | -1.0 | 11.9% | — | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Revenue | $22M | $8M | |
| Cost of Revenue | $18M | $7M | |
| Gross Profit | $4M | $1M | |
| R&D Expense | $19.0K | $1.0K | |
| SG&A Expense | $8M | $4M | |
| Operating Expenses | $8M | $4M | |
| Operating Income | $-4M | $-3M | |
| Other Non-op | $7.0K | · | |
| Pretax Income | $-4M | $-3M | |
| Income Tax | · | $1.0K | |
| Net Income | $-4M | $-3M | |
| EPS (Basic) | $-0.80 | $-0.98 | |
| EPS (Diluted) | $-0.80 | $-0.98 | |
| Shares (Basic) | 5,258,984 | 3,545,691 | |
| Shares (Diluted) | 5,258,984 | 3,545,691 | |
| EBITDA | $-4M | · |
Balance Sheet 18
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Cash & Equivalents | $6M | $287.0K | |
| Receivables | $2M | $4M | |
| Inventory | $1M | $2M | |
| Prepaid Expense | $550.0K | $258.0K | |
| Current Assets | $10M | $7M | |
| Other Non-current Assets | $26.0K | $25.0K | |
| Total Assets | $12M | $8M | |
| Accounts Payable | $2M | $2M | |
| Current Liabilities | $6M | $9M | |
| Capital Leases | · | $19.0K | |
| Other Non-current Liabilities | · | $342.0K | |
| Total Liabilities | $8M | $12M | |
| Long-term Debt | $2M | $3M | |
| Total Debt | $2M | · | |
| Paid-in Capital | $19M | $6M | |
| Retained Earnings | $-15M | $-10M | |
| Stockholders' Equity | $4M | $-5M | |
| Liabilities + Equity | $12M | $8M |
Cash Flow 8
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Deferred Tax | $-920.0K | $-768.0K | |
| Operating Cash Flow | $-6M | $-4M | |
| Investing Cash Flow | · | $250.0K | |
| Stock Issued | · | $2M | |
| Stock Repurchased | $2M | · | |
| Net Stock Activity | $-2M | · | |
| Financing Cash Flow | $12M | $4M | |
| Taxes Paid | $4.0K | $2.0K |
Profitability 7
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Gross Margin | 18.5% | · | |
| Operating Margin | -17.1% | · | |
| Net Margin | -19.6% | · | |
| Pretax Margin | -19.6% | · | |
| EBITDA Margin | -17.1% | · | |
| ROA | -39.2% | · | |
| ROE | 608.8% | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Current Ratio | 1.7 | · | |
| Quick Ratio | 1.4 | · | |
| Debt / Equity | 0.5 | · | |
| LT Debt / Equity | 0.2 | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Asset Turnover | 2.0 | · | |
| Inventory Turnover | 13.5 | · | |
| Receivables Turnover | 5.1 | · |
Growth Rates 1
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Revenue YoY | 154.5% | · |
Valuation (TTM) 4
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Revenue TTM | $22M | · | |
| Net Income TTM | $-4M | · | |
| P/E | -6.3 | · | |
| Earnings Yield | -15.8% | · |
Income Statement 16
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | $4M | $6M | $5M | $5M | $3M | $2M | |
| Cost of Revenue | $4M | $6M | $3M | $4M | $3M | $2M | |
| Gross Profit | $827.0K | $522.0K | $1M | $1M | $280.0K | $214.0K | |
| R&D Expense | · | $10.0K | $9.0K | · | $0 | · | |
| SG&A Expense | $3M | $3M | $2M | $2M | $1M | $1M | |
| Operating Expenses | $3M | $3M | $2M | $2M | $1M | $1M | |
| Operating Income | $-2M | $-2M | $-353.0K | $-369.0K | $-1M | $-881.0K | |
| Other Non-op | $38.0K | $478.0K | $-285.0K | $-73.0K | · | $-73.0K | |
| Pretax Income | $-2M | $-2M | $-638.0K | $-442.0K | $-1M | $-954.0K | |
| Income Tax | $0 | · | $1.0K | $0 | $-16.0K | $16.0K | |
| Net Income | $-2M | $-2M | $-639.0K | $-442.0K | $-1M | $-970.0K | |
| EPS (Basic) | $-0.33 | $-0.41 | $-0.13 | $-0.09 | $-0.20 | $-0.27 | |
| EPS (Diluted) | $-0.33 | $-0.41 | $-0.13 | $-0.09 | $-0.20 | $-0.27 | |
| Shares (Basic) | 6,619,796 | 258,984 | 5,000,000 | 5,000,000 | 490,097 | 3,566,369 | |
| Shares (Diluted) | 6,619,796 | 258,984 | 5,000,000 | 5,000,000 | 490,097 | 3,566,369 | |
| EBITDA | $-2M | · | $-353.0K | · | · | · |
Balance Sheet 18
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4M | $6M | $762.0K | · | $287.0K | · | |
| Receivables | $3M | $2M | $3M | · | $4M | · | |
| Inventory | $1M | $1M | $2M | · | $2M | · | |
| Prepaid Expense | $443.0K | $550.0K | $349.0K | · | $258.0K | · | |
| Current Assets | $8M | $10M | $6M | · | $7M | · | |
| Other Non-current Assets | $26.0K | $26.0K | $26.0K | · | $25.0K | · | |
| Total Assets | $10M | $12M | $8M | · | $8M | · | |
| Accounts Payable | $1M | $2M | $3M | · | $2M | · | |
| Current Liabilities | $6M | $6M | $11M | · | $9M | · | |
| Capital Leases | · | · | · | · | $19.0K | · | |
| Other Non-current Liabilities | · | · | $174.0K | · | $342.0K | · | |
| Total Liabilities | $8M | $8M | $14M | · | $12M | · | |
| Long-term Debt | · | $2M | $4M | · | $3M | · | |
| Total Debt | · | · | $4M | · | · | · | |
| Paid-in Capital | $19M | · | $6M | · | · | · | |
| Retained Earnings | $-17M | $-15M | $-12M | · | $-10M | · | |
| Stockholders' Equity | $2M | $4M | $-6M | · | $-5M | · | |
| Liabilities + Equity | $10M | $12M | $8M | · | $8M | · |
Cash Flow 6
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|---|
| Stock-based Comp | $25.0K | · | · | · | · | · | |
| Operating Cash Flow | $-2M | $-4M | $142.0K | $-2M | $-757.0K | · | |
| Investing Cash Flow | · | · | · | · | $0 | · | |
| Stock Issued | · | · | · | · | $0 | · | |
| Financing Cash Flow | $-131.0K | $10M | · | $2M | $97.0K | · | |
| Taxes Paid | · | $0 | · | · | $1.0K | · |
Profitability 8
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 18.7% | · | 29.7% | · | · | · | |
| Operating Margin | -49.7% | · | -7.4% | · | · | · | |
| Net Margin | -48.8% | · | -13.4% | · | · | · | |
| Pretax Margin | -48.8% | · | -13.4% | · | · | · | |
| EBITDA Margin | -49.7% | · | -7.4% | · | · | · | |
| ROA | -43.6% | · | -16.6% | · | · | · | |
| ROE | -189.7% | · | 19.8% | · | · | · | |
| ROIC | -96.5% | · | 15.6% | · | · | · |
Liquidity & Solvency 4
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.3 | · | 0.6 | · | · | · | |
| Quick Ratio | 1.0 | · | 0.4 | · | · | · | |
| Debt / Equity | · | · | -0.6 | · | · | · | |
| LT Debt / Equity | · | · | -0.3 | · | · | · |
Efficiency 3
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.9 | · | 1.2 | · | · | · | |
| Inventory Turnover | 7.0 | · | 3.7 | · | · | · | |
| Receivables Turnover | 2.8 | · | 3.0 | · | · | · |
Valuation (TTM) 4
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $20M | · | $17M | · | · | · | |
| Net Income TTM | $-4M | · | $-3M | · | · | · | |
| P/E | -8.2 | · | · | · | · | · | |
| Earnings Yield | -12.1% | · | · | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | |
|---|---|---|---|---|
| Revenue | $22M | — | — | $8M |
| Gross Margin % | 18.5% | — | — | — |
| Operating Margin % | -17.1% | — | — | — |
| Net Income | $-4M | — | — | $-3M |
| Diluted EPS | $-0.80 | — | — | $-0.98 |
Balance Sheet
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | |
|---|---|---|---|---|
| Debt / Equity | 0.5 | — | — | — |
| Current Ratio | 1.7 | — | — | — |
| Quick Ratio | 1.4 | — | — | — |
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Institutional owners (13F) 11 filers · $4.2M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 5 (-1 vs prior Q) | 4 (-2 vs prior Q) | 2 (0 vs prior Q) | 0 (-2 vs prior Q) | +121K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BARD ASSOCIATES INC | $3,628,300 | 506,039 | 85.82% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $158,600 | 22,120 | 3.75% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $124,786 | 17,404 | 2.95% | Shares |
| Johnson & White Wealth Management, LLC | $80,648 | 11,248 | 1.91% | Shares |
| Integrated Wealth Concepts LLC | $73,134 | 10,200 | 1.73% | Shares |
| Pekin Hardy Strauss, Inc. | $71,700 | 10,000 | 1.70% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $64,222 | 8,957 | 1.52% | Shares |
| UBS Group AG | $17,925 | 2,500 | 0.42% | Shares |
| MORGAN STANLEY | $5,736 | 800 | 0.14% | Shares |
| BlackRock, Inc. | $2,717 | 379 | 0.06% | Shares |
| Cambridge Investment Research Advisors, Inc. | $72 | 10,000 | 0.00% | Shares |
Company insiders 13 insiders · 6 officers · 9 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Barry R Rubens | Chief Executive Officer | Dec. 11, 2025 P | 2,500 | 1 | 0 | $16,475 |
| James P. Di Bartolo II | Chief Financial Officer | April 2, 2026 A | — | 0 | 0 | $0 |
| Nicholas Alan Jones | CIO and COO | June 15, 2026 A | — | 0 | 0 | $0 |
| Kyle E. Huffman | Chief Accounting Officer | April 2, 2026 A | — | 0 | 0 | $0 |
| Richard M. Alder | Chief Operations Officer | Jan. 28, 2026 A | — | 0 | 0 | $0 |
| Daniel Mcdonough JR | Executive Chairman | Dec. 11, 2025 P | 5,000 | 1 | 0 | $32,500 |
| Scott Winter Barton | Director | June 18, 2026 A | — | 0 | 0 | $0 |
| Glenn M. Josephs | Director | June 18, 2026 A | — | 0 | 0 | $0 |
| David J. O'Brien | Director | June 18, 2026 A | — | 0 | 0 | $0 |
| Frederick R. Berk | Director | June 18, 2026 A | 63,169 | 1 | 0 | $6,500 |
| Roger D Shannon | Director | June 18, 2026 A | — | 0 | 0 | $0 |
| Elbert G Basolis JR | Director | June 18, 2026 A | — | 0 | 0 | $0 |
| Leslie E Goodman | Director | June 18, 2026 A | — | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 3 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.