ELWT Q2 2024 Earnings Report — Elauwit Connection, Inc. Common Stock Revenue & Financial Results | Market Cap Arena

Elauwit Connection, Inc. Common StockELWT

Q2 2024 Earnings

Reported June 30, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2024	Q1 2024	Q2 2023	QoQ Change	YoY Change
Revenue	$2M	$2M	—	6.6%	—
Op. Income	-$868.0K	-$432.0K	—	-100.9%	—
Gross Margin	10.1%	31.2%	—	-21.1pp	—
Net Margin	-55.5%	-29.4%	—	-26.1pp	—
EPS (Diluted)	$-0.14	$-0.07	—	-93.9%	—
Free Cash Flow	-$1M	-$201.0K	—	-585.1%	—

Income Statement

Item	Amount
REVENUE	$2M
Cost of Revenue	$2M
GROSS PROFIT	$172.0K
R&D Expenses	$0
Selling & Marketing	$7.0K
General & Administrative	$1M
SG&A Expenses	$1M
Other Expenses	$0
Operating Expenses	$1M
Cost & Expenses	$3M
OPERATING INCOME	-$868.0K
Interest Income	$0
Interest Expense	$75.0K
Other Income/Expenses	-$75.0K
INCOME BEFORE TAX	-$943.0K
Income Tax Expense	$1.0K
Net Income from Continuing Ops	-$944.0K
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$944.0K
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$944.0K
D&A	$0
EBIT	-$868.0K
EBITDA	-$868.0K
EPS	-$0
EPS Diluted	-$0

Cash Flow Statement

Item	Amount
Net Income	-$944.0K
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$50.0K
Change in Working Capital	-$483.0K
OPERATING CASH FLOW	-$1M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	$0
Net Debt Issuance	$548.0K
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$2M
FREE CASH FLOW	-$1M
Net Change in Cash	$431.0K