Management attributed the total revenue decline to a difficult year-over-year comparison involving a non-recurring $4.5 million product deal in the prior-year period. The company is intentionally prioritizing service revenue and growing its Monthly Recurring Revenue (MRR) base to improve overall margin profiles. Service revenue growth of 14.6% was driven by momentum in technology solutions and managed cloud practices, specifically benefiting from complex enterprise migrations to Azure. The Managed S ...

Core Viewpoint - Elauwit Connection, Inc. has appointed Kyle Huffman as Chief Accounting Officer to enhance its financial infrastructure and support its rapid growth in the managed services sector for broadband and WiFi networks [1][3]. Company Overview - Elauwit Connection, Inc. is a national managed services provider specializing in turnkey broadband and property-wide WiFi networks for multifamily, student housing, and senior living communities [1][5]. - The company focuses on delivering premium connectivity as a competitive advantage, which aids in generating new revenue, improving resident retention, and increasing asset value [6]. Leadership Appointment - Kyle Huffman brings over a decade of experience in accounting and financial leadership, having worked in public accounting, corporate controllership, and private equity operations [2]. - Huffman previously supported portfolio companies at MiddleGround Capital, focusing on financial reporting and operational efficiency [2]. - His role at Elauwit will involve leading the accounting function, financial reporting, and internal controls, with an emphasis on building scalable systems [3]. Strategic Goals - The company aims to strengthen its financial infrastructure to ensure responsible scaling and effective service delivery to property owners and institutional partners [3]. - Huffman expressed enthusiasm about driving automation and creating a finance engine that supports sustainable value and financial clarity for all stakeholders [4]. Executive Commentary - Dan McDonough, Executive Chairman of Elauwit, highlighted Huffman's diverse background as ideal for the company's growth trajectory, emphasizing the need for financial precision and accountability [4].

Core Insights - Elauwit Connection, Inc. reported a significant year-over-year growth in recurring service revenue, which increased by 163% in the third quarter of 2025, alongside a total revenue increase of 178% [7][4] - The company aims to leverage the capital from its recent IPO to expand its sales and marketing efforts and enhance its Networking-as-a-Service (NaaS) offerings, targeting a $25 billion addressable market [3][4] Financial Performance - For the third quarter ended September 30, 2025, Elauwit generated revenues of $5.2 million, up from $1.9 million in the same period of 2024 [4][21] - Gross profit for the third quarter was $1.9 million, compared to $0.2 million in the prior year [4][21] - Operating expenses increased to $1.8 million from $1.1 million year-over-year, while the net loss narrowed to $0.2 million from $1.0 million [4][21] Key Metrics - Contracted units increased to 32,826 from 25,907 year-over-year, indicating a growing pipeline of properties [7] - Activated units rose to 16,964 from 6,765, and billed units increased to 10,710 from 5,171, reflecting the company's expanding service reach [7] - As of September 30, 2025, cash and cash equivalents totaled $0.8 million, with the company raising approximately $15.0 million from its IPO [7][4] Strategic Outlook - The management expressed confidence in the company's growth trajectory, emphasizing the creation of a win-win scenario for residents, property owners, and Elauwit [2] - The company is focused on enhancing resident satisfaction and property value through its broadband services, which are positioned as a modern amenity [10][2]

Core Viewpoint - Elauwit Connection, Inc. is set to release its third quarter 2025 financial results on December 8, 2025, and will host a live webcast to discuss these results and strategic plans [1]. Group 1: Financial Results Announcement - Elauwit will announce its third quarter 2025 financial results after market close on December 8, 2025 [1]. - A live webcast conference call will take place at 4:30 p.m. Eastern Time to discuss the financial results and provide business updates [1]. Group 2: Access Information - Investors can access the live webcast and conference call information on Elauwit’s investor relations website [2]. - Participants are advised to connect at least 10 minutes prior to the webcast for any necessary software downloads [2]. - A telephone option is available for those wishing to join by phone, with the dial-in number being +1-412-902-6510 [2]. Group 3: Company Overview - Elauwit is a national managed services provider specializing in premium broadband and property-wide WiFi networks for multifamily and student housing communities [3]. - The company emphasizes service quality, reliability, and measurable asset value, enabling property owners to provide continuous connectivity as a modern amenity [3].

Core Viewpoint - Elauwit Connection, Inc. has successfully closed the sale of an additional 68,989 shares as part of the underwriter's partial exercise of its over-allotment option in connection with its initial public offering, raising an additional $0.6 million on top of the previously announced $15.0 million from the IPO [1]. Group 1: Offering Details - The offering was conducted on a firm commitment basis, with Craig-Hallum Capital Group LLC serving as the sole bookrunner [2]. - The registration statement for the offering was filed with the U.S. Securities and Exchange Commission and became effective on November 2, 2025 [3]. Group 2: Company Overview - Elauwit is a national managed services provider that specializes in designing, building, and operating premium broadband and property-wide WiFi networks for multifamily and student housing communities [5]. - The company focuses on service quality, reliability, and measurable asset value, enabling property owners to provide always-on connectivity as a modern amenity and a source of recurring net operating income growth [5].

Core Insights - Elauwit Connection, Inc. has appointed Sebastian Shahvandi as Chief Growth Officer, effective November 6, 2025, to drive growth and market expansion [1][4] Company Overview - Elauwit is a national managed services provider specializing in turnkey broadband and property-wide WiFi networks for multifamily and student housing communities, focusing on service quality and reliability [6] Leadership Experience - Shahvandi brings over 20 years of executive experience in technology, telecom, and enterprise service organizations, previously serving as CEO of 7SIGNAL, where he repositioned the company for growth [2][3] - His past roles include Senior Vice President of Growth at IDeaS Revenue Solutions and Chief Revenue Officer at Hypori, where he achieved significant annual recurring revenue (ARR) growth [3] Strategic Focus - At Elauwit, Shahvandi will oversee sales, marketing, and strategic partnerships, aiming to unify customer growth strategies and enhance national market expansion [4] - His initiatives will include optimizing the company's go-to-market engine and developing capital-aligned programs for property owners to implement next-generation connectivity [4] Executive Commentary - CEO Barry Rubens emphasized Shahvandi's proven ability to scale revenue organizations and transform businesses, which will be crucial for Elauwit’s accelerated expansion [5] - Shahvandi expressed enthusiasm for leveraging Elauwit’s technical excellence and financial discipline to create new opportunities for property owners and investors [5]

Core Insights - Elauwit Connection, Inc. is celebrating its publicly-traded debut and is focusing on growth and community engagement as it attends the NMHC OPTECH 2025 Conference in Las Vegas [1][2] Group 1: Company Overview - Elauwit is a national managed services provider specializing in turnkey broadband and property-wide WiFi networks for multifamily and student housing communities [4] - The company emphasizes service quality, reliability, and measurable asset value, enabling property owners to provide continuous connectivity as a modern amenity and a source of recurring net operating income (NOI) growth [4] Group 2: Conference Participation - Elauwit’s leadership team will participate in the NMHC OPTECH Conference & Expo from November 16 to November 18, 2025, at the MGM Grand in Las Vegas [1] - The focus during the conference will be on building relationships, exchanging ideas, and exploring collaborative opportunities to enhance connectivity, resident experience, and property performance [2] Group 3: Leadership Statements - Sebastian Shahvandi, the newly appointed Chief Growth Officer, highlighted the importance of engaging with forward-thinking leaders in the multifamily sector to discuss technology that improves operations and resident satisfaction [3] - Elauwit is inviting attendees to visit their booth for networking opportunities, including a drink cart hosted in collaboration with Cambium Networks [3][4]

Core Viewpoint - Elauwit Connection, Inc. will participate in the Craig Hallum 16th Annual Alpha Select Conference on November 18, 2025, in New York, with Dan McDonough, Jr. as the representative [1]. Company Overview - Elauwit is a national managed services provider specializing in designing, building, and operating premium broadband and property-wide WiFi networks for multifamily and student housing communities [3]. - The company emphasizes service quality, reliability, and measurable asset value, enabling property owners to provide continuous connectivity as a modern amenity and a source of recurring Net Operating Income (NOI) growth [3].

Core Points - WidePoint Corporation has been awarded a five-year contract by the U.S. Army under the Navy Spiral 4 Contract vehicle, with a total value exceeding $1.25 million if all options are exercised [2][3] - This contract marks WidePoint's eighth award under the Spiral 4 initiative and is the company's first contract for paging solution management [3] Company Overview - WidePoint Corporation is a federally certified provider of Trusted Mobility Management (TM2) solutions, focusing on securing and protecting the mobile workforce and enterprise landscape [4] - The company offers a range of technology solutions, including Identity & Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, IT as a Service, Cloud Security, and Analytics & Billing as a Service (ABaaS) [4] Contract Details - The new contract includes a one-year base period and four one-year option periods, indicating a long-term partnership with the U.S. Army [2] - WidePoint will provide a comprehensive and secure alpha-numeric paging system along with managed mobility services, addressing the unique mobility and security challenges faced by the federal government [3][5]

Company Overview - Elauwit Connection, Inc. is a national managed services provider that specializes in designing, building, and operating premium broadband and property-wide WiFi networks for multifamily and student housing communities [5] - The company focuses on service quality, reliability, and measurable asset value, enabling property owners to provide always-on connectivity as a modern amenity and a source of recurring net operating income (NOI) growth [5] Initial Public Offering (IPO) Details - Elauwit announced the closing of its initial public offering, selling an aggregate of 1,667,000 shares of common stock at a price of $9.00 per share, resulting in gross proceeds of approximately $15.0 million before deductions [1] - The shares began trading on the Nasdaq Capital Market under the ticker symbol "ELWT" on November 5, 2025 [2] - Craig-Hallum Capital Group LLC acted as the sole bookrunner for the offering, while Harter Secrest & Emery LLP and Pryor Cashman LLP served as legal counsel for the company and underwriters, respectively [2] Regulatory Filings - A registration statement on Form S-1 related to the common stock was filed with the U.S. Securities and Exchange Commission (SEC) on August 29, 2025, and became effective on November 2, 2025 [3] - The offering was conducted solely by means of a prospectus, which can be accessed through the SEC's website or obtained from Craig-Hallum Capital Group LLC [3]