Columbia, South Carolina--(Newsfile Corp. - February 27, 2026) - Elauwit Connection, Inc. (NASDAQ: ELWT) ("Elauwit" or the "Company"), a national managed services provider of turnkey broadband and property-wide WiFi networks serving multifamily, student housing, and senior living communities, today announced that it plans to amend and restate its financial statements included in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed on December 10, 2025 (the "Form 10-Q"). The res ...

Core Viewpoint - Cogent Communications is a significant player in the internet service provider market, with a focus on international operations that are crucial for its financial health and growth potential [1][4]. Group 1: Financial Performance - For the quarter ending December 2025, Cogent's international operations demonstrated significant performance, which is essential for evaluating the company's financial strength [2]. - The stock price is currently at $16.94, reflecting a decrease of approximately 8.85%, with a drop of $1.64 [2]. - The stock has fluctuated between $16.88 and $18.26 on the day of reporting [2]. Group 2: Market Position - Cogent's market capitalization is around $832.1 million, with a trading volume of 894,671 shares on the NASDAQ exchange [3]. - Over the past year, the stock has experienced a high of $80.45 and a low of $15.96 [3]. Group 3: International Operations - The company's ability to penetrate international markets is a key factor in determining its financial health [3]. - Operating in foreign markets provides Cogent with protection against local economic downturns and allows it to benefit from expanding economies, although it also presents management challenges [4]. - Understanding Cogent's reliance on overseas markets is essential for insights into its earnings sustainability and growth potential [4].

Core Insights - Cogent Communications Holdings, Inc. (CCOI) reported mixed fourth-quarter 2025 results, with net income exceeding estimates while revenues fell short [1][9] Financial Performance - The company reported a net loss of $30.8 million or a loss of 64 cents per share, an improvement from a net loss of $43.3 million or a loss of 91 cents per share in the same quarter last year [2] - For the full year 2025, Cogent's net loss was $182.2 million or a loss of $3.80 per share, compared to a net loss of $204.1 million or a loss of $4.28 per share in 2024 [2] Revenue Breakdown - Service revenues decreased to $240.5 million from $252.3 million year-over-year, primarily due to a decline in Off-Net revenues, missing the Zacks consensus estimate of $243.01 million [3] - For 2025, total revenues fell to $975.8 million from $1.04 billion in 2024 [3] - On-Net revenues increased to $134.3 million from $128.8 million year-over-year, surpassing the estimate of $130.9 million, with customer connections rising to 87,944 from 87,500 [3] - Off-Net revenues were $92.9 million, down from $113.2 million in the previous year, with customer connections decreasing to 24,656 from 28,963 [4] - Wavelength revenues rose to $12.1 million from $7 million year-over-year, with customer connections increasing to 2,064 from 1,118 [4] - Non-core revenues decreased to $1.2 million from $3.4 million in the prior year, with customer connections dropping to 2,979 from 5,802 [5] Profitability Metrics - GAAP gross profit was $53.7 million, up from $29.8 million a year ago, with margins improving to 22.3% from 11.8% [6] - Non-GAAP gross profit increased to $112.5 million from $97.6 million year-over-year, with margins rising to 46.8% from 38.7% [6] - EBITDA for the quarter was $51.7 million compared to $41.9 million a year ago, with margins improving to 21.5% from 16.6% [7] - Adjusted EBITDA increased to $76.7 million from $66.9 million year-over-year, with margins rising to 31.9% from 26.5% [7] Cash Flow & Liquidity - In Q4 2025, the company utilized $6 million in cash for operations, compared to a cash generation of $14.5 million in the same quarter last year [10] - For the full year 2025, cash utilized for operating activities was $10.6 million, up from $8.6 million in 2024 [10] - As of December 31, 2025, Cogent had $205.1 million in cash and cash equivalents, down from $227.9 million a year ago, with finance lease obligations increasing to $597.2 million from $517.2 million [11]

Core Insights - Cogent Communications' shares fell as much as 33.8% following a mixed earnings report, with a slight recovery to a 27% drop later in the day [1] - The company reported a net loss of $0.64 per share for Q4 2025, an improvement from a $0.91 loss per share in the previous year, but revenues decreased by 4.7% year-over-year to $240.5 million, missing the consensus target of $243.7 million [2] - The company is experiencing challenges, including declining EBITDA margins, a loss of thousands of customers from the acquired fiber-optic network, and a 20% reduction in enterprise clients [3] Financial Performance - Net loss per share improved to $0.64 from $0.91 year-over-year, while the expected loss was $1.03 per share [2] - Revenue fell to $240.5 million, down 4.7% year-over-year, missing the consensus estimate of $243.7 million [2] Customer and Market Dynamics - The fiber-optic network acquired from Sprint is losing thousands of customers each quarter, contributing to the company's struggles [3] - The enterprise client base has shrunk by 20% in 2025, indicating a significant loss in a lucrative segment [3] Future Outlook - Cogent is in a turnaround phase, hoping that the newly launched Optical Wavelengths service can compensate for the loss of Sprint customers [3] - The average Wavelength site currently has about two paying customers, which raises concerns about long-term growth potential [4] - The company is running low on cash reserves, further complicating its recovery efforts [4]

NASDAQ CCOI INVESTOR PRESENTATION Cautionary Note Regarding Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which relate to future, not past, events and are subject to risks and uncertainties. The forward-looking statements, which address the Company's expected business and financial performance, among other matters, contain words such as: "will", "expect", "believe", "continue ", "optimistic", "shou ...

Core Insights - Cogent Communications reported a service revenue of $975.8 million for the full year 2025, a decrease from $1,036 million in 2024, with a notable increase in wavelength revenue by 100.3% to $38.5 million for the same period [1] - The company experienced a decrease in total customer connections by 4.7% year-over-year, totaling 117,643 as of December 31, 2025 [1] - EBITDA, as adjusted, for Q4 2025 was $76.7 million, reflecting a 4.0% increase from Q3 2025 and a 14.8% increase from Q4 2024 [1] Financial Performance - Service revenue for Q4 2025 was $240.5 million, down 0.6% from Q3 2025 and down 4.7% from Q4 2024 [1] - On-net revenue for Q4 2025 was $134.3 million, a decrease of 0.7% from Q3 2025 but an increase of 4.3% from Q4 2024 [1] - Off-net revenue for Q4 2025 was $92.9 million, down 2.3% from Q3 2025 and down 17.9% from Q4 2024 [1] Customer Connections - On-net customer connections increased by 0.5% year-over-year to 87,944 as of December 31, 2025, while off-net connections decreased by 14.9% to 24,656 [1] - Wavelength customer connections rose by 84.6% year-over-year to 2,064 as of December 31, 2025 [1] - Non-core customer connections decreased to 2,979 as of December 31, 2025, down from 5,802 a year earlier [1] Dividends and Tax Treatment - Cogent paid a total of $150.1 million in dividends for 2025, equating to $3.05 per share, with 100% treated as a return of capital for tax purposes [1] - A regular quarterly dividend of $0.02 per share was approved on February 18, 2026, payable on March 20, 2026 [1] Operational Highlights - The company has expanded its optical wavelength services to 1,068 locations across the U.S., Mexico, and Canada as of December 31, 2025 [1] - The acquisition of the Sprint network has allowed Cogent to enhance its product offerings significantly [1]

Core Insights - Spectrum, operated by Charter Communications, is facing significant challenges in retaining internet customers, with a loss of 119,000 customers in the fourth quarter of 2025 [1][7] - The company attributes these losses to increased competition from phone carriers and dissatisfaction with pricing among consumers [2][3] Group 1: Customer Loss and Competition - Spectrum experienced a surge in customer cancellations, losing 119,000 internet customers in Q4 2025 [1][7] - The decision to raise monthly rates by $2 for older internet plans has frustrated customers, contributing to the cancellations [2] - Competition from mobile carriers like T-Mobile, Verizon, and AT&T, which offer more affordable fixed wireless internet services, is intensifying [3][4] Group 2: Market Environment - The U.S. housing market's low move rates and increased competition from fiber and fixed wireless providers are hindering Spectrum's ability to attract new customers [4][5] - The operating environment for internet sales is challenging, with low move rates and a shift towards mobile internet options impacting sales negatively [5] Group 3: New Product Launch - In response to customer losses, Spectrum has launched Invincible Wi-Fi, the first WiFi 7 service with 5G cellular and battery backup, aimed at addressing consumer pain points [5][6] - This new product allows seamless switching during power outages or network disruptions, with a battery unit that can last up to eight hours [6]

Core Insights - Elauwit Connection, Inc. has successfully implemented a gigabit broadband access solution in a luxury apartment community, enhancing resident experience and operational efficiency [1][5][10] Project Overview - The Hanover Preston Hollow project is located in Dallas, Texas, featuring over 200 luxury units aimed at tech-savvy residents who demand high-speed internet for various activities [2][10] - The challenge was to meet high expectations in a competitive rental market without significantly increasing operational costs [3][10] Solution Implementation - Elauwit deployed a comprehensive solution using the Cambium ONE Network platform, transitioning the property to a fully managed infrastructure [4][11] - The deployment included advanced hardware such as XV2-2 Wi-Fi 6 Access Points and Cambium Fiber Distribution Switches, providing gigabit-capable connectivity to all units [11] Results Achieved - The collaboration led to improved network performance, with residents enjoying gigabit connectivity in their units and Wi-Fi 6 speeds throughout the property [5][11] - There was a notable reduction in support tickets related to connectivity issues, indicating enhanced operational efficiency and positive resident feedback [11] Strategic Implications - The success of the Hanover Preston Hollow project serves as a model for Elauwit’s national growth strategy, validating its expansion model in key markets like Dallas [6][11] - Elauwit aims to leverage dependable connections and exceptional resident support to enhance property value and support new revenue streams [8][11]

Core Insights - Spectrum, owned by Charter Communications, is experiencing significant customer losses in its internet segment, with a reported loss of 119,000 customers in Q4 2025, contributing to a 0.5% revenue decline for the company in 2025 [1][6][11] Customer Loss and Market Challenges - The company has been losing internet customers consistently, attributed to price increases on older plans and rising competition from fixed wireless internet providers [2][3][5] - A survey indicated that 75% of Americans have considered switching providers due to high prices, reflecting widespread dissatisfaction with internet costs [4] Competitive Landscape - The competitive environment is intensifying, with fixed wireless internet services from carriers like T-Mobile, Verizon, and AT&T posing a significant threat to traditional providers like Spectrum [5][7] - Charter's CEO noted that pressures from the housing market and increased competition are hindering customer acquisition efforts [7][8] Strategic Changes to Retain Customers - To combat customer losses, Spectrum plans to implement three major changes: 1. Launching a new "invincible Wi-Fi product" that combines Wi-Fi 7 with 5G and battery backup, allowing seamless connectivity during outages [12] 2. Committing to service installation or issue resolution within two hours for residential customers and one hour for businesses [13] 3. Guaranteeing $1,000 in savings per year for customers who enroll in an internet plan with two mobile lines [13][14] Bundling Strategy - Spectrum is focusing on bundling its cable TV and internet services as a strategy to enhance customer retention, with plans to increase the percentage of customers on this new pricing model from 40% to 60% by the end of the year [15] - This bundling approach is similar to strategies employed by competitors like AT&T, Comcast, and Verizon [15] Customer Satisfaction and Industry Trends - Recent surveys indicate that Spectrum is lagging behind competitors in customer satisfaction, with a J.D. Power survey showing Spectrum's satisfaction score at 526 on the East Coast, lower than its competitors [21] - The wireless internet segment is experiencing higher customer satisfaction scores, attributed to better speed, availability, and pricing [19][21]

Core Viewpoint - Cogent Communications Holdings Inc. (NASDAQ:CCOI) is viewed as a promising telecom stock, with KeyBanc maintaining an Overweight rating and a $30 price target despite a challenging 2025, indicating optimism for 2026 [1][2]. Financial Performance - In Q3 2025, Cogent reported a net loss of $41.5 million, an improvement from a loss of $63.1 million in the same period the previous year, attributed to lower operating expenses [2]. - The company was among KeyBanc's worst performers in 2025, but there is potential for it to become a top performer in 2026 with minimal positive developments [2]. Growth Drivers - KeyBanc identified three potential growth drivers for Cogent in the upcoming year: 1. Data center monetization to support restructuring 2. Forced billing on Wavelengths to facilitate expansion 3. Early signs of growth in the company's core business [3]. - Cogent specializes in high-speed internet access and private network services, targeting bandwidth-intensive businesses and communication service providers [3].