COMP <GO>

ELWT vs OBAI // EV/EBITDA & P/E VALUATION

Elauwit Connection Inc. (NASDAQ) VS. Our Bond Inc. (NASDAQ) • 15-METRIC TALLY: ELWT 5 — OBAI 4

■ METRIC PARITY

LAST: $4.78 (-10.91%) • MKT CAP: $31.6M

valuation

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LAST: $2.09 (-0.48%) • MKT CAP: $68.1M

valuation

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ELWT VS. OBAI) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	ELWT	OBAI	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	18.50%	5.70%	+12.80	ELWT	/gross-margins <GO>
Return on Invested Capital (ROIC)	-35.00%	-35.00%	0.00	TIE	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	-18.07%	-10.22%	-7.85	OBAI	/fcf-yield <GO>
Operating Margin	-17.10%	-60.00%	+42.90	ELWT	/operating-margins <GO>
Net Profit Margin	-19.60%	-60.00%	+40.40	ELWT	/net-margins <GO>
Revenue Growth (YoY)	154.50%	2.40%	+152.10	ELWT	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.13%	-0.13	OBAI	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	2.01	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	3/9	2/9	+1.00	ELWT	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	22.6	29.0	-6.39	OBAI	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$31.6M	$68.1M	-$36.5M	OBAI	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	ELWT REV	OBAI REV	ELWT GROSS %	OBAI GROSS %	ELWT FCF	OBAI FCF
FY 2025	$21.6M	$10.0M	18.5%	5.7%	-$5.7M	-$7.0M
FY 2024	$8.5M	$9.7M	13.7%	7.3%	-$3.9M	-$8.2M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

ELWT // BETA —

OBAI // BETA —