Elauwit Connection Q2 Earnings Call Highlights
Elauwit Connection NASDAQ: ELWT reported second-quarter results marked by lower revenue tied to the timing of construction projects, while management highlighted growth in contracted, activated and billed units as indicators of future recurring service revenue.Second-quarter revenue fell 46% year over year, or $2.5 million, to $2.9 million. Chief Financial Officer James Di Bartolo said the decline reflected the periodic and variable nature of client construction and installation projects. For the first six ...