Recurring Service Revenue Increases 151%New Sales Organization Producing Immediate TractionActivated, Contracted and Billed Units All Continue to Increase Columbia, South Carolina--(Newsfile Corp. - March 31, 2026) - Elauwit Connection, Inc. (NASDAQ: ELWT) ("Elauwit," the "Company," "we," or "our"), a national managed services provider of turnkey broadband and property-wide WiFi networks serving multifamily, student housing, and senior living communities, today reported financial results for the fourth qua ...

Core Insights - TTEC announced a significant hiring initiative in Cairo, aiming to add over 330 new team members by the end of April 2026 to meet rising global demand for its services [1][2] Group 1: Company Expansion - TTEC's Cairo site currently employs more than 500 individuals and provides services in 11 languages, highlighting its role as a strategic delivery hub [2] - Since entering Egypt in 2023, TTEC has rapidly expanded, including the opening of a new facility in Maadi Technology Park in early 2025 [3] - The company has a goal to scale its Cairo workforce to over 4,000 employees by 2029, as outlined in a Memorandum of Understanding with Egypt's Information Technology Industry Development Agency [3] Group 2: Employee Development and Culture - TTEC emphasizes career growth opportunities in an inclusive environment, with over two-thirds of leadership roles filled internally [4] - The company has been recognized as a Great Place to Work® for two consecutive years, based on employee feedback [4] - TTEC's Cairo facility serves as an innovation hub for next-generation customer experience and AI-enabled solutions, providing employees with hands-on experience with advanced technologies [4] Group 3: Hiring Focus - TTEC is actively recruiting for customer service and bilingual sales roles, seeking multilingual talent in various language combinations, including French, German, Italian, Dutch, Spanish, Portuguese, and Turkish, alongside English [5]

Core Viewpoint - Cannell Capital LLC expresses concerns regarding Rackspace Technology, Inc.'s financial health, particularly its significant debt burden and lack of communication from management about a recapitalization plan [1][3][5]. Financial Performance - Rackspace Technology has a market capitalization of $409 million and total debt of $3.2 billion, with an enterprise value of $3.463 billion [6]. - The company generated $69 million in free cash flow (FCF) in the last twelve months (LTM), with expectations to increase to $100 million in 2026 [6][7]. - The interest coverage ratio is reported at 1.87, indicating that the company is not generating sufficient operating profit to cover its interest payments [5]. Debt Situation - Rackspace's debt of $3.3 billion is set to come due in 14 months, creating a pressing financial situation [3]. - The market currently values junior debt with a yield to maturity of 78%, reflecting the high risk associated with refinancing [3]. - A previous debt reduction of $375 million and an infusion of $275 million were facilitated by Abry Partners and Apollo Global Management in March 2024, but the current situation is deemed more dire [3]. Market Activity - On February 18, 2026, 542,491,528 shares of Rackspace traded, leading to a 468% increase in stock price over the following 13 trading days [4]. - Despite the stock price surge, Cannell Capital suggests that the prudent action would be to sell equity to alleviate some of the debt burden, but notes the absence of an at-the-market offering or equity issuance plan [4]. Management Communication - Cannell Capital has made multiple attempts to engage with Rackspace's management, having contacted the Head of Investor Relations 23 times since October 2025, but has only had limited communication [10].

Core Insights - Elauwit Connection, Inc. is actively participating in various industry conferences in 2026 to enhance its presence in the multifamily, student housing, and senior living sectors, focusing on improving resident experiences through high-performance connectivity [1][2]. Company Overview - Elauwit is a publicly traded managed services provider (MSP) dedicated to the rental housing market, including multifamily properties, student housing, and senior living [4]. - The company emphasizes a human-centric service model that fosters relationships with property teams and residents rather than treating them as mere account numbers [4]. Industry Engagement - The company will engage with owners, developers, and operators at major national and regional events to discuss how modern infrastructure can enhance resident retention and asset value [2]. - Taylor Jones, President and CTO of Elauwit, highlighted the importance of these events for connecting with partners and redefining connectivity standards in residential communities [3]. Event Participation - Elauwit has a full schedule of speaking engagements and exhibitions at various industry events throughout 2026, including: - InterFace Student Housing – Austin, TX (March 30-April 1) - Bisnow DFW BMAC (Signature) – Dallas, TX (May 12) - IMN Middle-Market Multifamily (Southeast) – Atlanta, GA (May 28-29) - InterFace Houston Multifamily – Houston, TX (June 9) - Additional events throughout the year [5].

Core Insights - Elauwit Connection, Inc. is a national managed services provider specializing in broadband and property-wide WiFi networks for multifamily, student housing, and senior living communities [6] - Taylor Jones, President and CTO of Elauwit, will speak at the IMN Middle-Market Multifamily Forum, focusing on the ROI of resident technology [3][4] Group 1: Event Participation - Taylor Jones will participate in a panel titled "Resident-facing technology: Which innovations truly enhance experience and ROI?" at the IMN Middle-Market Multifamily Forum on March 23-24, 2026 [3] - The discussion will emphasize the importance of distinguishing between essential technologies that drive ROI and those that are merely "nice-to-have" [4] Group 2: Industry Insights - The middle-market sector requires that every dollar of CAPEX is linked to a tangible increase in property value, shifting focus from flashy gadgets to foundational infrastructure like managed WiFi [4] - The panel will explore high-impact innovations that enhance resident experience and operational efficiency [4][8] Group 3: Company Expertise - Taylor Jones brings nearly two decades of experience in technology strategy and infrastructure deployment, overseeing high-performance network solutions tailored for the multifamily sector [5] - Elauwit Connection aims to provide premium connectivity as a competitive advantage, enhancing resident retention and increasing asset value [7]

Company Overview - Elauwit Connection is a managed service provider that focuses on the conventional multifamily housing sector, having previously operated in the student housing space from 2012 to 2018 [2][3] - The company was initially sold to Boingo Wireless for a total combined value of $43 million, after which the original team regrouped to pursue their business plan independently [2] Business Strategy - The shift from student housing to conventional multifamily is driven by the potential for Net Operating Income (NOI) improvement, as opposed to the margin compression experienced in student housing due to Internet service being a cost of goods sold [3] - The company aims to leverage its past experience and expertise to capitalize on opportunities in the multifamily sector [3]

Core Insights - WidePoint Corporation has secured a Phase One contract worth $1.3 million with a leading beverage bottler to provide comprehensive hardware and software solutions aimed at supporting the company's growth and operational scalability [1][2]. Group 1: Contract Details - The agreement consists of two phases, with WidePoint delivering end-to-end managed services that include deployment, lifecycle management, and ongoing technical support [2]. - The second phase of the contract is planned for the second half of 2026, as part of a broader technical refresh initiative [2]. Group 2: Company Statements - The CEO of WidePoint expressed satisfaction in supporting the beverage company, highlighting the contract as a testament to the company's ability to provide tailored managed services that align with client growth objectives [3]. - The Chief Revenue Officer noted positive feedback regarding the high-quality service provided to managed services clients, emphasizing WidePoint's commitment to proactive support and client engagement [3]. Group 3: Company Overview - WidePoint Corporation is recognized as a leading technology Managed Solution Provider (MSP), 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].

Core Insights - The company experienced a total revenue decline attributed to a challenging year-over-year comparison, specifically due to a non-recurring $4.5 million product deal in the previous year [1] Revenue Performance - The company is focusing on prioritizing service revenue and expanding its Monthly Recurring Revenue (MRR) base to enhance overall margin profiles [1] - Service revenue grew by 14.6%, driven by momentum in technology solutions and managed cloud practices, particularly benefiting from complex enterprise migrations to Azure [1] Managed Service Practice (MSP) - The Managed Service Practice is beginning to see early returns from recent infrastructure investments, with new customer signings expected to generate nearly six figures in monthly revenue [1] Cybersecurity Growth - AZT Protect's cybersecurity traction is expanding through a 'seed and grow' strategy, now serving 46 unique customers across various industrial sectors such as steel, energy, and pharmaceuticals [1] - The sales cycle for cybersecurity is often delayed due to unique customer procurement processes, but the use of industry-specific case studies is starting to accelerate the education phase [1]

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]