ELWT

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

Elauwit Connection, Inc. Delivers Largest Quarter-Over-Quarter and Year-Over-Year Increase in Contracted Units in Company History with 16% Sequential and 33% Annual Growth

Activated Units Increased 94%, Billed Units Increased 163 % Year-Over-Year

Progress Reflects 37 Properties and more than 10,000 New Units Signed Year-to-Date

10 New Properties Signed as Growth Continues in Third Quarter

COLUMBIA, SC, August 18, 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 second quarter ended June 30, 2026.

“The second quarter of 2026 was Elauwit’s best-ever quarter-over-quarter and year-over-year increase in contracted units, signing almost 5,900 units across 21 properties in 10 states and the District of Columbia. These wins will drive significant construction activity in the second half of 2026 and a substantial expansion of our recurring service revenue under long-lived contracts as they come online later this year and throughout 2027. Year-to-date, we have signed more than 10,000 units, and the momentum continues into the September quarter with already multiple new property awards,” said Dan McDonough, Executive Chairman.

“This growth demonstrates that our sales focus on large, multi-property operators can generate significant repeat awards across an owner’s portfolio. For example, we recently announced major wins with two large REIT owners, contracting more than 4,100 units across 14 properties and five states. These two operators plan to roll out managed services across their portfolios, which include hundreds of thousands of units of additional opportunity, and our sales pipeline has a number of similarly sized opportunities.

“Given this confirmation that large portfolios are rapidly converting properties to managed services, we are sharpening our sales focus on key markets where we have higher density. This also enables increased attention to smaller and middle-tier property owners in those markets for our Network-as-a-Service (“NaaS”) product while doing so with greater operating efficiency.

“In summary, the well-documented message that choosing Elauwit’s managed services solutions can secure increased revenue, higher valuations, and more satisfied residents is resonating with owners and driving deals to closing, affirming our position that contracted units are the most important KPI in our business and best indicator or our future performance. We now have almost 43,000 units under contract and expect to exceed 50,000 units under contract before year end, achieving what would be a more than 46% annualized increase in contracted units for 2026. These wins will drive both construction revenue and long-term recurring service revenue as we seek to build a robust and durable business at Elauwit.”

Elauwit generates revenue in three contracted stages from each property win: first, upfront construction revenue and margin from the installation project, which is variable quarter to quarter; second, predictable and steady services revenue growth over the first year of its multi-year agreements as it converts installed units to billed units; and finally, multiple years of expected stable, recurring service revenue from a long-term managed services agreement.

To support its growth, the Company continues to invest in new enterprise resource planning and inventory platforms to drive greater visibility and cost control across its business. Elauwit anticipates the first operating cost and margin benefits of these investments will begin to show in the third and fourth quarters of this year, as it focuses on increased cost-efficiency.

Financial and Operating Highlights (unaudited)

Three Months

Ended Three Months

Ended Six Months

Ended Six Months

Ended

(in $ millions) June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025

Revenues $2.9 $5.3 $7.3 $10.8

Gross Profit $0.4 $0.8 $1.3 $2.1

Operating Expenses $3.5 $1.5 $6. 6 $3.2

Net Loss $(3.1) $(0.9) $(5.3) $(1.3)

Adjusted EBITDA (Non-GAAP)1 $(3.1) $(0.7) $(5.2) $(1.1)

June 30,

2025 March 31,

2026 June 30,

2026 QoQ

Change YoY

Change

Contracted Units: waiting to be built or in the process of installation along with units we currently serve 32,094 36,720 42,687 16% 33%

Activated Units: fully installed and on, but may not be fully billing yet due to onboarding 13,960 24,530 27,134 11% 94%

Billed Units: fully generating revenue under our managed services or NaaS contracts 8,733 20,059 22,967 15% 163%

·Total revenue for the second quarter decreased 46%, or $2.5 million, to $2.9 million, year-over-year, reflecting the timing of client construction and installation project revenues, which are periodic and variable in nature, offset in part by increased contrib