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Actelis Networks Secures New Order from Leading Texas Telecommunications Carrier for Rural Broadband Expansion in Hill Country
Globenewswire· 2025-09-11 13:13
Fiber-only networking solution to support fixed wireless radio units delivering high-speed connectivity to underserved communities near San AntonioFREMONT, Calif., Sept. 11, 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 it has received a new order from a prominent telecommunications carrier serving the Hill Country region near San Antonio ...
Actelis Networks Announces Launch of GigaLine 9000 Solution for Large-Scale Building Connectivity Applications
Globenewswire· 2025-09-04 13:00
Core Viewpoint - Actelis Networks has launched the GigaLine 9000 (GL9000) solution, which provides gigabit connectivity for large buildings by utilizing existing copper and coax infrastructure, addressing the multi-billion-dollar in-building connectivity market and enhancing the efficiency of the U.S. Federal BEAD Program funding [1][3][4]. Group 1: Product Features and Market Opportunity - The GL9000 offers a scalable architecture that allows for incremental implementation and management of connectivity solutions without significant initial capital expenditure, addressing modernization challenges in large facilities [2][6]. - The in-building wireless market is projected to grow from $22.58 billion in 2025 to $46 billion by 2030, highlighting the significant market opportunity for Actelis [2]. - The solution can connect more households through existing infrastructure optimization, potentially addressing inefficiencies in the $42.45 billion BEAD Program [3]. Group 2: Deployment and Operational Efficiency - The GL9000 enables rapid service deployment, typically completed within one hour for complex facility environments, thus maintaining operational continuity [5]. - Advanced network management capabilities support centralized operations across large facilities, improving operational efficiency for facility operators [6]. - The scalable deployment model allows for expansion from initial implementations to full 160-endpoint configurations based on facility requirements and budget [6]. Group 3: Go-to-Market Strategy - Actelis is implementing its go-to-market strategy through partnerships with system integrators and technology distribution channels that specialize in large facility connectivity solutions [7]. - The solution is currently available for deployment, with market expansion supported through North American and European channel partnerships [7].
Actelis Networks to Present at the Upcoming 27th Annual H.C. Wainwright Global Investment Conference
Globenewswire· 2025-09-03 20:30
FREMONT, Calif, Sept. 03, 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 its senior management will deliver a presentation and be available for one-on-one meetings with investors, at the upcoming 27th Annual H.C. Wainwright Global Investment Conference taking place on September 8-10, 2025, at the Lotte New York Palace Hotel, New York ...
Actelis Networks Announces Warrant Exercise for $1.6 Million in Gross Proceeds
Globenewswire· 2025-09-02 17:37
Core Viewpoint - Actelis Networks, Inc. has entered into a definitive agreement for the immediate exercise of certain outstanding warrants, allowing the purchase of 4,270,197 shares at a reduced exercise price of $0.37 per share, which is significantly lower than the original prices ranging from $1.18 to $2.00 per share [1][2]. Group 1 - The gross proceeds from the exercise of the existing warrants are expected to be approximately $1.6 million, which will be used for working capital and general corporate purposes [2]. - The company will issue new unregistered warrants to purchase up to 6,405,296 shares at an exercise price of $0.37 per share, with different expiration terms based on the number of shares [3]. - The new warrants have not been registered under the Securities Act of 1933, meaning they cannot be offered or sold in the U.S. without an effective registration statement or applicable exemption [4]. Group 2 - Actelis Networks is recognized as a market leader in hybrid fiber-copper networking solutions, particularly for IoT applications across various sectors including government, military, and telecom [6]. - The company emphasizes its "Cyber Aware Networking" initiative, which provides AI-based cyber monitoring and protection for edge devices, enhancing network security [6].
Actelis Networks Receives Strategic Order from the FAA for Critical Air Traffic Control Infrastructure Modernization
Globenewswire· 2025-09-02 13:00
Core Insights - Actelis Networks has received a $0.5 million order from the FAA for advanced hybrid-fiber networking solutions aimed at modernizing air traffic control infrastructure [1][2][3] - The order is part of a larger $12.5 billion funding initiative approved by Congress for FAA's modernization efforts, with $4.75 billion specifically allocated for telecommunications infrastructure improvements [2][3] - Actelis' technology allows for rapid deployment and enhancement of existing infrastructure, providing fiber-grade performance and high cybersecurity standards without the need for extensive new installations [3][5] Company Role and Technology - Actelis plays a critical role in the FAA's air traffic control system upgrades, leveraging its established relationship with the agency since 2020 [4] - The company's hybrid-fiber technology addresses challenges in aviation infrastructure modernization by enabling immediate deployment capabilities across existing copper, coax, and fiber networks [5] - Actelis' solutions enhance operational reliability and cybersecurity, particularly in light of recent communication disruptions at major airports [6] Market Context - The FAA's modernization initiative is part of a multi-year, multi-billion-dollar transformation that could require investments exceeding $30 billion [2] - Recent incidents, such as communication blackouts at Newark Liberty International Airport, highlight the urgent need for reliable and secure networking solutions in aviation operations [6]
Actelis Networks Announces Operational Reorganization To Enhance Customer Value and Optimize Cost Structure
Globenewswire· 2025-08-21 13:00
Core Viewpoint - Actelis Networks, Inc. is initiating an operational restructuring aimed at enhancing efficiency, reducing expenses by approximately 20% by the end of 2025, and improving market focus while strengthening sales in profitable growth verticals and regions [1][2][6] Group 1: Operational Restructuring - The restructuring plan includes leveraging AI, offshoring, and outsourcing to enhance agility and flexibility in operations [1][2] - The initiative is expected to result in a 20% reduction in quarterly expenses by the end of 2025 [1] - The company aims to optimize its real estate footprint while maintaining market presence through office consolidation and expanding offshore partnerships [4] Group 2: Technology and Efficiency - Actelis plans to utilize technology-enabled activity optimization to enhance sales, R&D, and operational tasks, adjusting team setups using AI and automation tools [3] - The company is moving towards more software development in network management and cybersecurity, reducing in-house hardware development [5] Group 3: Sales and Market Focus - The company is focusing on strengthening its sales force, particularly in high-growth verticals and geographies, following the hiring of a new Chief Revenue Officer [6] - Actelis is committed to maximizing shareholder and stakeholder value while ensuring no disruption to customer service during the optimization plan [2][6]
Actelis Networks, Inc. (ASNS) Reports Q2 Loss, Lags Revenue Estimates
ZACKS· 2025-08-14 22:56
Company Performance - Actelis Networks, Inc. reported a quarterly loss of $0.21 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.16, and a decline from earnings of $0.01 per share a year ago, indicating an earnings surprise of -31.25% [1] - The company posted revenues of $0.94 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 5.9%, and a significant drop from year-ago revenues of $3.43 million [2] - Over the last four quarters, Actelis Networks has surpassed consensus EPS estimates only once and has not beaten consensus revenue estimates during the same period [2] Stock Performance - Actelis Networks shares have declined approximately 53.1% since the beginning of the year, contrasting with the S&P 500's gain of 10% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.02 on revenues of $3 million, and for the current fiscal year, it is -$0.44 on revenues of $7.52 million [7] Industry Outlook - The Communication - Components industry, to which Actelis Networks belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, suggesting a challenging environment for stock performance [8] - The performance of Actelis Networks may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8]
Actelis(ASNS) - 2025 Q2 - Quarterly Results
2025-08-14 20:50
Exhibit 99.1 ● Disciplined Cost Management: Operating expenses of $2.08 million in Q2 2025 versus $2.04 million in Q2 2024 (excluding other income) represent a 2% decrease when adjusted for $70,000 in foreign exchange headwinds, demonstrating continued expense discipline despite currency volatility. ● Liquidity Position: Successfully raised approximately $1.35 million during Q2 2025, including $1 million on June 30 closed on July 2, while keeping debt extremely low, strengthening the balance sheet. ● Loss P ...
Actelis(ASNS) - 2025 Q2 - Quarterly Report
2025-08-14 20:45
U. S. Securities and Exchange Commission Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File No. 001-41375 ACTELIS NETWORKS, INC. (Exact name of registrant as specified in its charter) | Delaware | 52-2160309 | | --- | --- | | (State or other jur ...
Actelis Networks Reports Second Quarter 2025 Financial Results and Operational Update
Globenewswire· 2025-08-14 20:30
Core Insights - Actelis Networks, Inc. reported a sequential revenue growth of 31% in Q2 2025, reaching $0.94 million, while the first half of 2025 revenue totaled $1.7 million, down from $4.16 million in the prior year period [6][9] - The company is restructuring to focus on high-growth markets and aims for a 15-20% cost reduction over the next 6-9 months [3][16] - Actelis secured significant contracts, including its first major US telecommunications carrier customer for MDU solutions, indicating strong market validation [6][9] Financial Performance - Q2 2025 revenues were $941,000, a decrease from $3.4 million in Q2 2024, while the first half of 2025 revenues were $1.7 million compared to $4.2 million in the same period in 2024 [9][31] - Gross margin for Q2 2025 was 32%, down from 57% in Q2 2024, with a first half gross margin of 33% compared to 52% in the prior year [6][11] - Operating loss for Q2 2025 was $1.77 million, compared to an operating profit of $66,000 in Q2 2024, reflecting a decline in sales [15][31] Operational Highlights - The company has appointed new leadership in sales and marketing, including Mark DeVol as Chief Revenue Officer for the Americas, to enhance focus on Federal/Military and Local Government markets [6][7] - Actelis is expanding its international presence with orders from various global markets, including Nordic municipalities and Japanese infrastructure projects [6][9] - The company is implementing an AI-enabled restructuring plan aimed at improving operational efficiency and market capture [3][16] Liquidity and Capital Management - Actelis raised approximately $1.35 million in Q2 2025, maintaining a low debt level and strengthening its balance sheet [6][8] - Financial expenses for Q2 2025 were $128,000, a decrease from $144,000 in Q2 2024, primarily due to loan repayments [17][18] - The company is adopting a cryptocurrency treasury management strategy to enhance financial flexibility [16]