Elauwit Connection $ELWT Read from its own SEC filings · nothing written, nothing inferred
🫧 Edgar looked up Elauwit Connection, Inc. ($ELWT). Last filing: 8-K (4.01 Changes in Registrant's Certifying Accountant), 2026-10-08. 12 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2026-10-08. Non-reliance (8-K Item 4.02) filed 2026-02-27.
🔖 Exposure: revenue $21.6M (FY2025), total debt $2.0M. Experience: revenue up 154.5% on the year; operating margin -17.1%, up from -37.9%. Soundness: equity 37.0% of assets, return on equity -95.7%. Credibility: 2 audited years, moderate weight. Range: 80% of past cases like this landed between $40.4M and $72.5M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (11 filers, $50M+ revenue, communications services, nec): operating margin -17.1% against a -4.4% median; growth 154.5% against -0.1%.
Speed and cash · fiscal 2025
| Cash flow (op · inv · fin · free) | −$6M · — · $12M · — |
| Investment book (cash · short · long) | $6M · — · — · current ratio 1.66 |
| Revenue swing · equity of assets | — · 37.0% |
The figures, as filed
| Fiscal year end | 2025-12-31 |
| Revenue | $22M |
| Revenue, on the year | 154.5% |
| Revenue, a year over the record | — |
| Operating margin | −17.1% |
| Operating margin, prior year | −37.9% |
| Net margin | −19.6% |
| Research and development | $0M · 0.1% of revenue |
| Total debt | $2M |
| Equity of assets | 37.0% |
| Return on equity | −95.7% |
| Payout of profit | — |
| Dividend per share | — |
| Earnings per share | $-0.8 |
| Book value per share | $0.84 |
| Revenue per share | $4.11 |
| Shares outstanding | 5,258,984 |
| Audited years read | 2 |
Peers: the median of 11 filers with $50M+ revenue in communications services, nec.
Health HarborElauwit Connection sails as: Old boat
Health watch · 12 monthsEarlier statements no longer to be relied onLate quarterly report noticeAuditor changeDirector or officer change ×4
Sailing speed follows growth: 154.5% a year crosses the harbor in 30 seconds.
🌊 Visit the Bay →- filed earlier statements no longer to be relied on, late quarterly report notice, auditor change in the last 12 months
- operating cash flow was negative
- revenue is hard to predict: its 80% range is ±28%
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 8-K · 2026-10-08 · 4.01 Changes in Registrant's Certifying Accountant; 9.01 Financial Statements and Exhibits
- 10-Q · 2026-08-19
- 8-K · 2026-08-18 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits
- 8-K · 2026-06-18 · 5.07 Submission of Matters to a Vote of Security Holders
- 8-K · 2026-06-17 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits
- 8-K · 2026-06-15 · 5.02 Departure or Election of Directors; Appointment of Officers
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company