Elauwit Connection, Inc. reported a significant 178% increase in total revenue in the third quarter of 2025.
Recurring service revenue also saw a substantial 163% year-over-year growth.
The company's focus on Networking-as-a-Service (NaaS) models is expanding its reach in the $25 billion addressable market.
Revenue Growth
Total revenue increased by 178% year-over-year, showcasing strong financial performance.
Contracted Units
Contracted units increased to 32,826 from 25,907 in the previous year, indicating growth in upcoming installations.
Activated Units
Activated units rose to 16,964 from 6,765, indicating expansion and potential revenue growth.
Billed Units
Billed units increased to 10,710 from 5,171, reflecting progress in revenue generation under managed services contracts.
Initial Public Offering
The completion of Elauwit's IPO on the Nasdaq Capital Market brought in gross proceeds of approximately $15.0 million.
- Elauwit's financial results demonstrate a successful growth strategy focused on recurring revenue contracts with property owners.
- The company's post-IPO financial position with cash and short-term investments of $0.8 million provides a stable base for future expansions.
Elauwit Connection, Inc.'s impressive revenue growth and strategic initiatives position it for continued success in the managed services market.