Elauwit Connection and StableX Technologies Compete in Multifamily Tech

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Elauwit Connection (NASDAQ:ELWT) and StableX Technologies (NASDAQ:SBLX) are both small-cap companies operating in the transportation, communications, electric, gas, and sanitary services sectors. The two firms are competing to provide broadband internet, WiFi, and network services to the multifamily housing market, with a focus on modernizing connectivity for apartment residents while driving financial benefits for property owners.

Why it matters

The multifamily housing market represents a significant growth opportunity for companies like Elauwit Connection and StableX Technologies, as there is high demand for upgraded network services across the estimated 23 million apartment units in the U.S. The ability to provide reliable, high-speed internet and WiFi has become a key factor in attracting and retaining residents for property owners.

The details

Both Elauwit Connection and StableX Technologies design, install, operate, and maintain fiber optic and WiFi networks for multifamily properties. They then provide network access and support services to property owners, who in turn offer connectivity to their residents. Elauwit Connection has identified over 400 potential opportunities in its Managed Services pipeline, representing an estimated $110 million in potential network construction revenue and $23 million in annual recurring revenue. StableX Technologies has also identified approximately 265,000 units in its near-term Network-as-a-Service pipeline, which it estimates could represent $150 million in annual recurring revenue.

• Elauwit Connection was incorporated in December 2019 and merged with DeltaMax, Inc. in September 2024, at which point it changed its name to Elauwit Connection, Inc.
• StableX Technologies is a publicly traded company on the NASDAQ exchange.