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Red Flags Detected

  • Material Weakness (worsened) — The restatement confirms the previously disclosed material weaknesses directly caused revenue recognition errors, and the company has not yet fully remediated them.
  • Restatement (new) — The company is restating its previously issued financial statements due to material revenue recognition errors.
  • Going Concern (improved) — The IPO raised $15 million, alleviating the going concern doubt that existed at September 30, 2025.
NASDAQ: ELWT Elauwit Connection, Inc. 10-Q/A

revenue $4.8M, net income -$639,000. Elauwit restates Q3 2025 results: revenue, margin, and loss all worse than first reported

Filed March 30, 2026 · Period ending September 30, 2025 · Compared to 10-Q Dec 10, 2025 · ~1 min read

Key Financials

SEC XBRL

Period financials are unchanged from the original 10-Q (same period end Sep 30, 2025). This amendment updates disclosure only — see the diff below.

Key Changes

  • high

    Restatement cuts Q3 revenue to $4.8M (from $5.2M) and nine-month revenue to $15.5M (from $16.9M), with revenue overstated by $1.391M for the nine months.

    MD&A: Revenue restatement verify on EDGAR →
  • high

    Q3 gross margin revised down to 29.7% from 36.0%; nine-month gross margin falls to 22.4% from 28.8%.

    MD&A: Gross margin restatement verify on EDGAR →
  • high

    Q3 operating income of $0.1M becomes an operating loss of $0.4M; nine-month operating loss widens from $0.1M to $1.5M.

    MD&A: Operating loss restatement verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov

Figures/quotes linked to EDGAR · Narrative written by AI · Aug 30, 2026 · How we verify