COMP <GO>

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

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

■ METRIC PARITY

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

valuation

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

valuation

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

INSTITUTIONAL METRIC	OBAI	ELWT	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	5.70%	18.50%	-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	-10.22%	-18.07%	+7.85	OBAI	/fcf-yield <GO>
Operating Margin	-60.00%	-17.10%	-42.90	ELWT	/operating-margins <GO>
Net Profit Margin	-60.00%	-19.60%	-40.40	ELWT	/net-margins <GO>
Revenue Growth (YoY)	2.40%	154.50%	-152.10	ELWT	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.13%	0.00%	+0.13	OBAI	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	2.01	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	2/9	3/9	-1.00	ELWT	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	29.0	22.6	+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	$68.1M	$31.6M	$36.5M	OBAI	/market-cap <GO>

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

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

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

OBAI // BETA —

ELWT // BETA —