Latest news with #ActelisNetworks
Yahoo
22-05-2025
- Business
- Yahoo
Actelis Networks receives $100K follow-on order from Mid-Atlantic US county
Actelis Networks (ASNS) has received a $102K follow-on order from a major Mid-Atlantic US county to further enhance and expand its Advanced Transportation Management System operations. This new order builds upon the $260K project announced in July 2024. The order is specifically targeted at supporting the county's Transportation Systems Technical operations, providing secure, high-performance connectivity that powers a range of critical smart transportation applications. The county will leverage Actelis' hybrid-fiber technology to extend its digital capabilities across its network of roadways and intersections. This latest order follows recent deployments in cities including Seattle, Orange County, Eugene, as well as a railway modernization project in Northern Ireland and other implementations across Europe and Asia. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on ASNS: Disclaimer & DisclosureReport an Issue Actelis Networks Reports Stable Q1 2025 Results Actelis Networks Faces Nasdaq Non-Compliance Notice Actelis Networks receives new order for rail infrastructure modernization Actelis Networks receives new order for critical infrastructure modernization Actelis secures new order to modernize Nordic municipality's communication Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Entrepreneur
14-05-2025
- Business
- Entrepreneur
The Hidden Infrastructure Gap: Why Hybrid Networks Are Key to Smart City Success
Tuvia Barlev, Chairman and CEO of Actelis Networks, has spent over a decade working on what he calls "the invisible infrastructure revolution" - developing technology that transforms existing wiring into high-speed digital highways while protecting them from sophisticated threats. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur Asia Pacific, an international franchise of Entrepreneur Media. In the race to build smart cities, the spotlight typically shines on cutting-edge applications - autonomous vehicles, intelligent traffic systems, and environmental monitoring networks. But beneath these innovations lies a critical challenge: how to connect it all securely and affordably. Tuvia Barlev, Chairman and CEO of Actelis Networks, has spent over a decade working on what he calls "the invisible infrastructure revolution" - developing technology that transforms existing wiring into high-speed digital highways while protecting them from sophisticated threats. "Everyone focuses on the 'smart' part of smart cities, but few talk about the 'connective tissue' that makes it all work," Barlev explains. "Cities are expected to deploy thousands of IoT devices virtually overnight, but traditional approaches require them to choose between waiting years for new fiber installations, settling for wireless/cellular connectivity with low performance and recurring costs, or continuing with inadequate existing infrastructure that leaves them vulnerable to attack." The Hybrid Approach to Connectivity – Intelligently Utilizing Existing Infrastructure Billions of copper and coax lines currently run slow, vulnerable, and often analog communication across cities worldwide, alongside limited new fiber deployments. This existing infrastructure presents both a challenge and an opportunity. Actelis offers a solution beyond fiber and cellular - a Hybrid-Fiber approach that maximizes any existing wireline infrastructure, elevating legacy copper and coax lines to fiber-grade, cyber-hardened performance overnight. This enables cities to modernize without construction delays or traffic disruption, and at dramatic cost savings - often 10 times less expensive than traditional fiber deployments. With Actelis' solutions, any existing fiber, copper or coax becomes part of a city's high-performing, secure network without requiring infrastructure overhauls. This approach has gained traction with hundreds of cities globally, including Washington D.C., Seattle, Sacramento, New York, Los Angeles, Milan, Frankfurt, London and many others. "When we started developing this technology, the premise was simple," says Barlev. "Why wait months for permits, then tear up streets and spend hundreds of thousands per mile on new fiber when copper and coaxial cables already reach virtually every location?" The company's patented MetaLIGHT technology boosts copper performance, security, and resilience to fiber-grade levels. By utilizing optical fiber where available and enhancing existing copper/coax elsewhere, cities can rapidly modernize their infrastructure at a fraction of the cost. "A typical city has fiber to some locations and can easily connect others, but faces many hard-to-reach locations where installing fiber requires boring or trenching at costs from $70,000 to $400,000 per mile, plus months of delays," Barlev explains. "Installing Actelis' equipment on existing infrastructure provides the required performance and security instantly." Additionally, Actelis' solutions support remote powering of devices over existing copper/coax wires - a significant advantage over fiber installations which require separate power lines at additional cost. Their equipment is also designed to accommodate future upgrades without replacement. For Washington D.C.'s Department of Transportation, which recently implemented Actelis' solution as part of a $2.3 million project, the impact was immediate. "Selecting Actelis allowed the city to go from a multi-year modernization timeline to deploying connectivity across hundreds of intersections instantly," Barlev says. The Edge Security Challenge As connectivity improves, another critical issue emerges: security. The proliferation of IoT devices has created a vast attack surface extending beyond traditional network boundaries. "The further you move from the core network, the less protection typically exists," Barlev explains. "Most organizations focus on protecting data centers and corporate networks, but IoT edge devices are often left vulnerable in unsupervised locations, becoming potential penetration points for bad actors." Recent years have seen increased attacks on critical infrastructure. According to Barlev, these incidents highlight a fundamental flaw in traditional security approaches, which treat security as a separate layer added centrally after network deployment. Cyber Aware Networking This realization led Actelis to introduce "Cyber Aware Networking" - integrating security directly into the connectivity infrastructure. Their MetaShield system is an AI-powered cybersecurity solution designed specifically to protect edge devices. "MetaShield represents a fundamental shift in infrastructure security," Barlev explains. "The network itself becomes both the security sensor and the enforcement point." The system continuously monitors device behavior at the edge, identifying malfunctions and anomalies that could indicate compromise, while enabling immediate network responses to threats before they spread. Actelis' security includes "Triple-Shield Data Protection" - combining data scrambling, coding, and 256-bit encryption. Originally developed for defense applications, this military-grade technology has received U.S. Department of Defense certification for the FIPS 140 cryptographic standard, providing cities with the same level of protection deployed across military bases worldwide. As smart city initiatives accelerate worldwide, Actelis continues expanding into utilities, energy, transportation, and residential applications. The company's GigaLine 900 series, delivering gigabit connectivity over existing copper and coaxial cables with ultra-low power consumption, further extends their reach. "Our mission remains consistent," Barlev emphasizes. "We're enabling secure, immediate connectivity regardless of underlying infrastructure. Whether it's a traffic signal in Seattle, a security camera at a U.S. Airforce base, a rail system in Japan, or an apartment building in New York, the principles of rapid deployment and integrated security apply everywhere."
Yahoo
13-05-2025
- Business
- Yahoo
Actelis Networks, Inc. (ASNS) Reports Q1 Loss, Lags Revenue Estimates
Actelis Networks, Inc. (ASNS) came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.50 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12%. A quarter ago, it was expected that this company would post a loss of $0.02 per share when it actually produced a loss of $0.26, delivering a surprise of -1,200%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Actelis Networks , which belongs to the Zacks Communication - Components industry, posted revenues of $0.72 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 39.92%. This compares to year-ago revenues of $0.73 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Actelis Networks shares have lost about 42.5% since the beginning of the year versus the S&P 500's decline of -0.6%. While Actelis Networks has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Actelis Networks: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.04 on $3 million in revenues for the coming quarter and -$0.42 on $10 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Communication - Components is currently in the bottom 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Ooma (OOMA), is yet to report results for the quarter ended April 2025. The results are expected to be released on May 28. This internet phone service provider is expected to post quarterly earnings of $0.18 per share in its upcoming report, which represents a year-over-year change of +28.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Ooma's revenues are expected to be $64.82 million, up 3.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Actelis Networks, Inc. (ASNS) : Free Stock Analysis Report Ooma, Inc. (OOMA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Actelis Networks Reports First Quarter 2025 Financial Results With Stable Revenues Alongside Increased Global Partners Coverage And Operational Efficiency
Strategic focus on growing deal pipeline and high-margin wins drive gross margin expansion to 35% while maintaining stable revenues and disciplined cost management across growing global customer base FREMONT, Calif., May 13, 2025 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ: ASNS) ("Actelis" or the "Company"), a market leader in cyber-hardened, rapid deployment networking solutions for IoT and broadband applications, today reported financial results for the first quarter ended March 31, 2025. "Our first quarter results are driven by both the continued execution of our focus on growing our pipeline for the remainder of the year, particularly in Federal, Military, our Multi-Dwelling Units business and in Intelligent Transportation, as well as on delivering improved margins and operational efficiency while working on the expansion of our presence in those key markets," said Tuvia Barlev, Chairman and CEO of Actelis. "We're particularly encouraged by our growing global footprint with this quarter seeing new orders from across the Nordic region, Hungary as well as others from the US, UK and Japan. These new orders validate the value proposition of our cyber-hardened, rapid deployment networking solutions and solidifies new business relationships we have established with major partners, integrators and distributors operating globally in NA, Europe, and Japan. Our ability to provide immediate fiber-grade connectivity over existing infrastructure, combined with our industry-leading security capabilities, continues to resonate strongly with customers seeking rapid, cost-effective solutions, enabling modernization and security for mission critical operations. We are properly focused on our growth areas and are geared towards an exciting year ahead." First Quarter 2025 Financial Highlights: Stable Revenues: Revenues were flat vs. the first three months ending March 31, 2024 at $0.72 million. Typically a lighter quarter seasonally, driven by the focus on growing the pipeline in advance of the remainder of the year. Better Gross Margin: Gross margin improved to 35% for the first quarter ended March 31, 2025, compared to 30% for the first quarter ended March 31, 2024, reflecting higher gross margin across Federal and Military, higher US regional revenue weight, while maintaining operating cost discipline. Operating expenses: 2.06 million for the three months ended March 31, 2025, 1.5% lower than $2.09 million for the three months ended March 31, 2024, reflecting the consistent efforts to reduce expenses. Reduced Operating Loss: Operating loss improved to $1.81 million for the first quarter ended March 31, 2025, compared to $1.87 million in the year-ago period or a 3% improvement, driven by enhanced gross margins and continued expense control measures. Strengthened Balance Sheet: The Company successfully improved its capital position during the quarter, bolstering shareholders' equity to $2.61 million, maintaining compliance with Nasdaq listing requirements. Improved Net Loss Per Share: Net loss per share decreased to $(0.22) for the first quarter ended March 31, 2025, compared to $(0.50) in the year-ago period, a 56% improvement. Recent Business and Operational Highlights: Continued focus on our three main business areas of Federal and Military, Multi-Dwelling Units (MDU) and Intelligent Transportation Systems (ITS). Attention is particularly given to growing the pipeline in advance of the remainder of the year. Global partners signed-up: Engaged with multi-billion Dollar partners - one global reseller and distributor, one multi-national pan European integrator and one Asian based multi-national large manufacturer and distributor to the transportation industry, generating opportunities for our ITS markets. Progressed in resource strengthening: In our target verticals' sales and marketing, as well as in executing our off-shore, outsource strategy for better and lower cost operations, impacting R&D and G&A. Military wins: Received new orders to deliver advanced GigaLine 800 (GL800) networking solution to help multi-billion dollar federal contractor modernize and cyber-harden military bases' operations for barracks, information centers, and other base-wide installations. Nordic Municipal Expansion: Secured a new order to help modernize the communications infrastructure for a major city in the Nordic region, the second largest city in a prominent Nordic country with over 300,000 residents. Hungarian Utility Project: Received a follow-on order from a Hungarian utility provider to support the continued modernization of its communications network, building upon the Company's previously announced engagement. Japanese Market Growth: Received a new order to supply advanced networking technology to support critical infrastructure modernization in Japan through a leading Japanese distributor and developer of communications equipment. Continued Military veteran consulting helps attract significant attention and build pipeline of opportunities in various DoD arms, particularly in the Air-Force Pan-European sales presence expanding: MDU, ITS large pipeline opportunities progressing with agents deployed in various countries (Italy, Germany, France, UK, Finland, Italy and Poland) Multi Dwelling Unit products completing successful trials and starting initial deployments with multiple carriers, ISP, and developers in multiple countries. Yoav Efron, Deputy CEO and CFO of Actelis remarked: "We continue to strengthen our financial position through disciplined cost and expense management and strategic capital deployment. Our efforts to optimize operations are yielding results as seen in our improved margins and reduced expenses while effectively doing more in the market. We significantly decreased interest expenses as a result of becoming nearly debt free. We continue to focus on growing our recurring revenues and driving further margin expansion through our software and services as well as more profitable verticals' focus.' Fiscal First Quarter 2025 Financial Results: Revenues for the three months ended March 31, 2025, amounted to $721,000, compared to $726,000 for the three months ended March 31, 2024. The slight decrease was primarily due to a 31% decline in revenues from the Europe, Middle East, and Africa (EMEA) region. This was partially offset by a 23% increase in revenues from North America and growth in market size within the Asia-Pacific region. Cost of revenues for the three months ended March 31, 2025, amounted to $470,000 compared to $506,000 for the three months ended March 31, 2024. The decrease was primarily attributable to the change in regional mix of revenue with an increase in North America revenues, which are more profitable, and a decrease in Europe, Middle East and Africa revenues which are less profitable. Gross profit for the three months ended March 31, 2025, amounted to $251,000 or 35% of revenue, compared to $220,000, or 30% of revenue for the three months ended March 31, 2024. The increase was primarily due to improved regional revenue mix and efficient cost management. Research and development expenses for the three months ended March 31, 2025, amounted to $681,000 compared to $647,000 for the three months ended March 31, 2024. The increase was primarily driven by a rise in the utilization of professional services. Sales and marketing expenses for the three months ended March 31, 2025, amounted to $666,000 compared to $627,000 for the three months ended March 31, 2024. The increase was primarily by engaging consultants in the different regions. General and administrative expenses for the three months ended March 31, 2025, amounted to $716,000 compared to $817,000 for the three months ended March 31, 2024. The decrease was mainly due to cost reduction measures taken. Operating loss for the three months ended March 31, 2025, was $1.81 million, compared to an operating loss of $1.87 million for the three months ended March 31, 2024. Financial expenses and interest expenses for the three months ended March 31, 2025, were $48,000 (including $34,000 interest expenses) compared to $115,000 (including $207,000 interest expenses) for the three months ended March 31, 2024. The decrease is mainly due to repayment of loans, reducing interest expense and other bank-related charges. Net loss for the three months ended March 31, 2025, was $1.86 million, compared to net loss of $1.99 million for the three months ended March 31, 2024. Adjusted EBITDA loss, a non-GAAP measurement of operating performance (reconciled below to Net Loss), for the three months ended March 31, 2025, was $1.69 million, compared to $1.79 million in the comparable year-ago period. About Actelis Networks, Networks, Inc. (NASDAQ: ASNS) is a market leader in hybrid fiber-copper, cyber-hardened networking solutions for rapid deployment in wide-area IoT applications, including government, ITS, military, utility, rail, telecom, and campus networks. Actelis' innovative portfolio offers fiber-grade performance with the flexibility and cost-efficiency of hybrid fiber-copper networks. Through its 'Cyber Aware Networking' initiative, Actelis also provides AI-based cyber monitoring and protection for all edge devices, enhancing network security and resilience. For more information, please visit Use of Non-GAAP Financial InformationNon-GAAP Adjusted EBITDA, and backlog of open orders are non-GAAP financial measures. In addition to reporting financial results in accordance with GAAP, we provide non-GAAP operating results adjusted for certain items, including: financial expenses, which are interest, financial instrument fair value adjustments, exchange rate differences of assets and liabilities, stock based compensation expenses, depreciation and amortization expense, tax expense, and impact of development expenses ahead of product launch. We adjust for the items listed above and show non-GAAP financial measures in all periods presented, unless the impact is clearly immaterial to our financial statements. This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates' and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management's current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management's expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's web site at Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Actelis is not responsible for the contents of third-party websites. ContactARX | Capital Markets AdvisorsNorth American Equities Deskactelis@ Tables to Follow-ACTELIS NETWORKS, CONSOLIDATED BALANCE SHEETS(U. S. dollars in thousands except for share and per share amounts) March 31, 2025 December 31, 2024 Assets CURRENT ASSETS: Cash and cash equivalents 1,122 1,967 Restricted cash equivalents 302 300 Trade receivables, net of allowance for credit losses of $168 as of March 31, 2025, and December 31, 2024. 1,234 1,616 Inventories 2,508 2,436 Prepaid expenses and other current assets, net of allowance for doubtful debts of $181 as of March 31, 2025, and December 31, 2024. 681 584 TOTAL CURRENT ASSETS 5,847 6,903 NON-CURRENT ASSETS: Property and equipment, net 35 38 Prepaid expenses and other 538 492 Restricted bank deposits 91 91 Severance pay fund 201 205 Operating lease right of use assets 310 410 Long-term deposits 85 86 TOTAL NON-CURRENT ASSETS 1,260 1,322 TOTAL ASSETS 7,107 8,225 F-3 ACTELIS NETWORKS, CONSOLIDATED BALANCE SHEETS (continued)UNAUDITED(U. S. dollars in thousands) March 31, 2025 December 31, 2024 Liabilities, Mezzanine Equity and shareholders' equity CURRENT LIABILITIES: Credit line 444 774 Short-term loans 75 - Trade payables 903 982 Deferred revenues 281 246 Employee and employee-related obligations 738 688 Accrued royalties 520 673 Current maturities of operating lease liabilities 298 415 Other current liabilities 481 805 TOTAL CURRENT LIABILITIES 3,740 4,583 NON-CURRENT LIABILITIES: Long-term loan 150 150 Deferred revenues 69 92 Accrued severance 226 229 Other long-term liabilities 116 186 TOTAL NON-CURRENT LIABILITIES 561 657 TOTAL LIABILITIES 4,301 5,240 COMMITMENTS AND CONTINGENCIES (Note 5) MEZZANINE EQUITY Redeemable convertible preferred stock - $0.0001 par value, 10,000,000 authorized as of March 31, 2025 and December 31, 2024. None issued and outstanding as of March 31, 2025 and December 31, 2024. - - WARRANTS TO PLACEMENT AGENT 228 228 SHAREHOLDERS' EQUITY: Common stock, $0.0001 par value: 30,000,000 shares authorized: 9,019,758 and 7,623,159 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively. 1 1 Non-voting common stock, $0.0001 par value: 2,803,774 shares authorized as of March 31, 2025, and December 31, 2024, None issued and outstanding as of March 31, 2025 and December 31, 2024. - - Additional paid-in capital 48,499 46,818 Accumulated deficit (45,922 ) (44,062 ) TOTAL SHAREHOLDERS' EQUITY 2,578 2,757 TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY 7,107 8,225 The accompanying notes are an integral part of these condensed consolidated financial statements (Unaudited). F-4 ACTELIS NETWORKS, CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS(UNAUDITED)(U. S. dollars in thousands) Three months endedMarch 31, 2025 2024 REVENUES 721 726 COST OF REVENUES 470 506 GROSS PROFIT 251 220 OPERATING EXPENSES: Research and development expenses 681 647 Sales and marketing expenses 666 627 General and administrative expenses 716 817 TOTAL OPERATING EXPENSES 2,063 2,091 OPERATING LOSS (1,812 ) (1,871 ) Interest expense (34 ) (207 ) Other Financial income (expense), net (14 ) 92 NET COMPREHENSIVE LOSS FOR THE PERIOD (1,860 ) (1,986 ) Net loss per share attributable to common shareholders – basic and diluted $ (0.22 ) $ (0.50 ) Weighted average number of common stocks used in computing net loss per share – basic and diluted 8,520,110 3,978,828 The accompanying notes are an integral part of these condensed consolidated financial statements (Unaudited). F-5 ACTELIS NETWORKS, CONSOLIDATED STATEMENTS OF MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY(UNAUDITED)U.S. dollars in thousands (except number of shares) RedeemableConvertiblePreferred Stock WarrantsToPlacement Agent Common Stock Non-votingCommon Stock Additional Total Three months ended Amount Amount Number of shares Amount Numberof shares Amount paid-incapital Accumulateddeficit shareholders'equity BALANCE AS OF JANUARY 1, 2024 - 159 3,007,745 1 - - 39,916 (39,688 ) 229 Share based compensation - - - - - - 89 - 89 Vesting of RSUs - - 2,499 * - - (* ) - - Net comprehensive loss for the period - - - - - - - (1,986 ) (1,986 ) BALANCE AS OF MARCH 31, 2024 - 159 3,010,244 1 - - 40,005 (41,674 ) (1,668 ) BALANCE AS OF JANUARY 1, 2025 - 228 7,623,159 1 - - 46,818 (44,062 ) 2,757 Share based compensation - - - - - - 79 - 79 Vesting of RSUs - - 1,665 * - - (*) - - Issuance of common stock, net of offering costs - - 1,394,934 * - - 1,580 1,580 Warrants to lender - - - - - - 22 - 22 Net comprehensive loss for the period - - - - - - - (1,860 ) (1,860 ) BALANCE AS OF March 31, 2025 - 228 9,019,758 1 - - 48,499 (45,922 ) 2,578 * Represents an amount less than $1 thousand. The accompanying notes are an integral part of these condensed consolidated financial statements (Unaudited) F-6 ACTELIS NETWORKS, CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED) Three months endedMarch 31, 2025 2024 U.S. dollars in thousands CASH FLOWS FROM OPERATING ACTIVITIES: Net loss for the period (1,860 ) (1,986 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation 6 4 Inventories write-downs 5 - Financial expenses (income) 15 (131 ) Share-based compensation 79 89 Financial income from short and long term bank deposit - (1 ) Changes in operating assets and liabilities: Trade receivables 382 131 Net change in operating lease assets and liabilities (22 ) 6 Inventories (76 ) (83 ) Prepaid expenses and other current assets (94 ) 91 Trade payables (128 ) 490 Deferred revenues 11 (87 ) Advances from reseller - 1,143 Other current liabilities (488 ) 131 Other long-term liabilities (4 ) - Net cash used in operating activities (2,174 ) (203 ) CASH FLOWS FROM INVESTING ACTIVITIES: Short term deposits 1 - Purchase of property and equipment - (1 ) Net cash provided by (used in) investing activities 1 (1 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from issuance common stock 1,750 - Offering cost from issuance of common stock (170 ) - Credit lines with bank, net (324 ) 574 Proceeds from short term loans 75 - Early repayment of long term loan - (545 ) Repayment of long-term loan - (193 ) Net cash provided by (used in) financing activities 1,331 (164 ) EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS (1 ) (2 ) DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS (843 ) (370 ) BALANCE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD 2,267 5,515 BALANCE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 1,424 5,145 The accompanying notes are an integral part of these condensed consolidated financial statements (Unaudited). F-7 ACTELIS NETWORKS, CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)(UNAUDITED) March 31 2025 2024 U.S. dollars in thousands RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH: Cash and cash equivalents 1,122 1,211 Restricted cash equivalents, current 302 1,392 Restricted cash and cash equivalents, non-current - 2,542 Total cash, cash equivalents and restricted cash 1,424 5,145 Three months endedMarch 31, 2025 2024 U.S. dollars in thousands SUPPLEMENTARY DISCLOSURE OF CASH FLOW INFORMATION: Cash paid for interest 167 273 SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS: Warrant to lender 22 - Other non-current assets 50 - The accompanying notes are an integral part of these condensed consolidated financial statements (Unaudited). F-8 Three monthsEndedMarch 31,2025 Three monthsEndedMarch 31,2024 Revenues $ 721 $ 726 GAAP net loss (1,860 ) (1,986 ) Interest Expense $ 34 $ 207 Other financial (income) expenses, net 14 (92 ) Tax Expense 32 17 Fixed asset depreciation expense 6 4 Stock based compensation 79 89 Research and development, capitalization - - Other one time costs and expenses - (26 ) Non-GAAP Adjusted EBITDA (1,695 ) $ (1,787 ) GAAP net loss margin (257.97 )% (273.55 )% Adjusted EBITDA margin (235.09 )% (246.14 )%
Associated Press
06-05-2025
- Business
- Associated Press
Actelis Networks to Report First Quarter 2025 Results on May 13, 2025
FREMONT, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ: ASNS) ('Actelis' or the 'Company'), a market leader in cyber-hardened, rapid deployment networking solutions for IoT and broadband applications, today announced that it will report its first quarter 2025 financial results and operational highlights after the close of the U.S. financial markets on Tuesday, May 13, 2025. About Actelis Networks, Inc. Actelis Networks, Inc. (NASDAQ: ASNS) is a market leader in hybrid fiber-copper, cyber-hardened networking solutions for rapid deployment in wide-area IoT applications, including government, ITS, military, utility, rail, telecom, and campus networks. Actelis' innovative portfolio offers fiber-grade performance with the flexibility and cost-efficiency of hybrid fiber-copper networks. Through its 'Cyber Aware Networking' initiative, Actelis also provides AI-based cyber monitoring and protection for all edge devices, enhancing network security and resilience. For more information, please visit . Forward-looking Statements This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words 'could,' 'believe,' 'anticipate,' 'intend,' 'estimate,' 'expect,' 'may,' 'continue,' 'predict,' 'potential,' 'project' and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Contact: ARX | Capital Markets Advisors North American Equities Desk [email protected]
