Jan. 8 at 9:49 AM
$ELWT would be profitable in Q3 without the "unusual expenses", related with the upcoming IPO of last November.
ELWT's stronger quarters are the 1st and mainly the 2nd.
According to this, the 2025 revenues will be around
$22.M (2025 first 9-month period revenues ~
$17.M) .
The operating margin was already positive by the Q2/2025.
Revenues growth stands as follows:
2023, Revenues of
$3.92M, Gross Profit of
$0.2M.
2024, Revenues of
$8.49M, +116% y-o-y, Gross Profit of
$1.16M, +453%.
2025, projected Revenues of
$22.M, +159% y-o-y, Gross Profit ~
$5.6M, +380% y-o-y.
Let's calculate some numbers for 2026:
In last December, D. McDonough said that they had 32,000 units under contract. The 100% of these units will be activated in a few months.
That secures at some point in 2026
$1.15M gross profit monthly WITHOUT any new contracts.
The contracted ARR in last December was above
$23.M. That means they have already secured such revenues for the next 5 to 7 years, because this is the contract period.
