Financial Performance - Q3 2025 revenue was $0.64 million, a decline from approximately $2.54 million in Q3 2024, attributed to the non-recurrence of a large software and support contract and backend-loaded revenues for 2025[4] - The company reported an operating loss of $1.9 million for Q3 2025, compared to $0.3 million for the same period in 2024, due to lower sales and consistent operating expenditures[16] - Net loss for Q3 2025 was $2 million, an increase from a net loss of approximately $0.5 million in Q3 2024, driven by lower sales and higher expenditures from foreign exchange impacts[20] - Adjusted EBITDA loss for Q3 2025 was $1.82 million, compared to a loss of $0.23 million in Q3 2024[22] - Gross profit for the three months ended September 30, 2025, was $183,000, down 89.5% from $1,743,000 in the same quarter of 2024[34] - Operating loss for the nine months ended September 30, 2025, was $(5,514,000), compared to $(2,123,000) for the same period in 2024, reflecting a significant increase in losses[34] - Net comprehensive loss for the three months ended September 30, 2025, was $(1,980,000), compared to $(511,000) in the same quarter of 2024, indicating worsening financial performance[34] - Total revenues for the nine months ended September 30, 2025, were $2,305,000, a decrease of 65.6% compared to $6,698,000 for the same period in 2024[34] Operating Expenses - Operating expenses in Q3 2025 were $2.11 million, slightly up from $2.06 million in the prior year, impacted by foreign exchange rate differences and stock-based compensation[3] - Research and development expenses for Q3 2025 amounted to $0.6 million, up from $0.5 million in Q3 2024, primarily due to increased utilization of professional services[9] - The company aims for a 15-20% reduction in baseline operating expenses through its restructuring plan, with full effects expected in early 2026[5] Cash Flow and Financing - Cash used in operating activities for the nine months ended September 30, 2025, was $(5,637,000), compared to $(4,781,000) for the same period in 2024, indicating increased cash outflow[36] - The company reported a net cash provided by financing activities of $5,121,000 for the nine months ended September 30, 2025, compared to $1,624,000 in the same period of 2024, showing improved financing efforts[36] - Actelis raised $1.85 million in two private placements and entered into a $30 million equity line of credit to enhance liquidity and maintain Nasdaq compliance[5] Balance Sheet - Total current liabilities decreased to $3,480,000 as of September 30, 2025, from $4,583,000 as of December 31, 2024, a reduction of 24%[34] - Total liabilities decreased to $3,967,000 as of September 30, 2025, down from $5,240,000 as of December 31, 2024, representing a decline of 24.3%[34] - The company’s accumulated deficit increased to $(49,803,000) as of September 30, 2025, from $(44,062,000) as of December 31, 2024, indicating a growing financial challenge[34] Customer Metrics - Customer bookings reached $1.26 million in Q3 2025, nearly double the levels from Q2 2025, with a backlog entering Q4 of $0.73 million compared to less than $0.1 million at the start of Q3[3] - Gross margin for Q3 2025 was 28%, while for the nine months ended September 30, 2025, it was 32%, benefiting from high-value cybersecurity software upgrades[3]

Core Insights - Actelis Networks reported a significant increase in customer bookings, nearly doubling compared to Q2 2025, with a stronger backlog entering Q4 2025 [1][2] - The company is on track with its reorganization and efficiency plan, targeting a 15-20% reduction in operating expenses [1][3] - Actelis is expanding its cybersecurity, hardware, and software sales across telecom and infrastructure networks [1][3] Financial Performance - Customer bookings reached $1.26 million in Q3 2025, nearly double the levels from Q2 2025, with a backlog of $0.73 million entering Q4 [3] - Q3 2025 revenue was $0.64 million, a decline from approximately $2.54 million in Q3 2024, attributed to the timing of major Federal deals and the non-recurrence of a large contract [5][6] - Gross margin for Q3 2025 was 28%, with a nine-month gross margin of 32%, benefiting from high-value cybersecurity software upgrades [3] Operating Expenses - Operating expenses in Q3 2025 were $2.11 million, slightly up from $2.06 million in the prior year, impacted by foreign exchange and stock-based compensation [3] - The company is implementing cost-reduction measures, with operating expenses expected to decline year-over-year for both the three- and nine-month periods [3][12] Market Opportunities - Actelis is seeing traction in Federal and Military markets, with a notable FAA deal of nearly $0.5 million and additional opportunities in the pipeline [2][3] - The newly appointed Chief Revenue Officer for the Americas is focusing on growth initiatives in these markets [3] Cybersecurity Initiatives - The company is advancing its cybersecurity initiatives, enhancing protection for customers' legacy and hybrid network deployments [3][22] - Actelis is accelerating upgrades and cyber-related services to address vulnerabilities and emerging threats [3] Balance Sheet and Compliance - Actelis strengthened its balance sheet by raising $1.85 million through private placements and a $1.6 million warrant exercise transaction [4] - The company entered into a $30 million equity line of credit to enhance liquidity and maintain compliance with Nasdaq requirements [4]

Encrypted Networking Solutions to Secure Critical Water, Gas and Electricity InfrastructureFREMONT, Calif, Nov. 12, 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 secured a new order from one of the largest regional utility companies in Central Germany to provide cyber-hardened, rapid deployment networking solutions for its distribu ...

Core Points - Actelis Networks, Inc. has regained compliance with Nasdaq's stockholders' equity requirement for continued listing on The Nasdaq Capital Market [1] - The company has been granted an extension until December 5, 2025, to demonstrate compliance with the $1.00 bid price requirement [2] - A special meeting of shareholders is scheduled for November 7, 2025, to seek approval for a reverse stock split to meet the bid price requirement [2] - The company is optimistic about sustaining compliance with Nasdaq's requirements and delivering value to shareholders [3] - If compliance is regained by the deadline, the company will be monitored by a Panel for one year, until October 28, 2026 [3] Company Overview - Actelis Networks, Inc. specializes in hybrid fiber-copper networking solutions for IoT applications across various sectors, including government, military, and telecom [4] - The company offers fiber-grade performance with the cost-efficiency of hybrid networks and provides AI-based cyber monitoring for enhanced network security [4]

Core Insights - Actelis Networks has received an order from a local telecommunications carrier in Oklahoma to enhance broadband connectivity in underserved rural communities using its hybrid fiber-copper amplification technology [1][2] - The deployment aims to provide immediate, cost-effective broadband improvements without waiting for full fiber deployments, leveraging existing infrastructure to enhance signal quality and extend reach [2][3] - This initiative aligns with the federal Broadband Equity, Access, and Deployment (BEAD) Program, which has a budget of $42.45 billion to connect underserved Americans, showcasing how hybrid networking can maximize infrastructure investments [4] Company Overview - Actelis Networks is a market leader in hybrid fiber-copper networking solutions, focusing on rapid deployment for IoT applications across various sectors, including government and telecom [5] - The company's technology offers fiber-grade performance while maintaining the flexibility and cost-efficiency of hybrid networks, contributing to enhanced network security through its "Cyber Aware Networking" initiative [5]

Group 1 - Actelis Networks, Inc. (ASNS) is a provider of cyber-hardened, rapid-deployment networking solutions for wide-area IoT applications [1] - The Zacks Consensus Estimate for Actelis Networks' current year earnings has been revised 45.5% downward over the last 60 days [1] Group 2 - Equinox Gold Corp. (EQX) is engaged in the exploration and development of mineral properties [2] - The Zacks Consensus Estimate for Equinox Gold's current year earnings has been revised 26.5% downward over the last 60 days [2] Group 3 - Cantaloupe, Inc. (CTLP) operates in the digital payment and software services sector [2] - The Zacks Consensus Estimate for Cantaloupe's current year earnings has been revised 6.7% downward over the last 60 days [2]

Core Insights - Actelis Networks Inc (NASDAQ:ASNS) shares increased significantly in pre-market trading following the announcement of a new contract valued at approximately $0.3 million, which represents about 5.45% of the company's current market capitalization [1] Company Performance - Actelis Networks shares surged by 40.8%, reaching $0.52 in pre-market trading [2] - Other companies also experienced notable pre-market trading movements, with XCel Brands Inc (NASDAQ:XELB) gaining 49.7% to $2.59 and Cheer Holding Inc (NASDAQ:CHR) rising 45.8% to $0.19 [5]

Company Updates - Actelis Networks Inc. announced a new contract valued at approximately 5.45% of the company's current market capitalization, resulting in a 43.2% increase in share price to $0.53 in after-hours trading [2] - XCel Brands Inc. reached a settlement agreement and equity transfer deal with the Securities and Exchange Commission, leading to a 66.5% surge in share price to $2.88 in after-hours trading [2] - Rumble Inc. formed a partnership with Perplexity to integrate AI-powered tools, causing shares to rise by 11.4% to $8.23 in after-hours trading [2] - Theriva Biologics Inc. announced plans to reduce its workforce by 32%, which resulted in a 2.1% decline in share price to $0.40 in after-hours trading [2] - Open Text Corp agreed to divest its on-premise solution (eDOCS) from its Analytics portfolio to NetDocuments for $163 million, leading to a 0.8% decrease in share price to $37.36 in after-hours trading [2]

Core Insights - Actelis Networks, Inc. has received a significant order valued at approximately $0.3 million for cybersecurity enhancements from a major telecommunications carrier in Southern Europe [1][2][3] - The order includes upgrades to the MetaAssist Element Management Software (EMS), security enhancements to embedded software, and comprehensive support services [2][3] - This order reflects the growing importance of cybersecurity standards within global telecommunications groups and the trust placed in Actelis' technology [3] Company Overview - Actelis Networks, Inc. is a market leader in hybrid fiber-copper, cyber-hardened networking solutions for rapid deployment in various applications, including government and telecommunications [5] - The company offers a portfolio that combines fiber-grade performance with the flexibility and cost-efficiency of hybrid networks [5] - Actelis' "Cyber Aware Networking" initiative provides AI-based cyber monitoring and protection for edge devices, enhancing overall network security [5] Product Details - The MetaAssist EMS platform provides scalable tools for secure remote monitoring, management, and provisioning of network devices [4] - It features automated configuration capabilities, robust configuration management, and comprehensive network status monitoring [4]

Core Insights - Actelis Networks has secured a new order valued at approximately $100,000 from a major city in Germany to modernize urban infrastructure networking capabilities [1][3] - The project involves Layer 2 encryption technology to provide seamless broadband connectivity to hundreds of urban infrastructure customer premises equipment sites [2][4] - This order highlights Actelis' growing momentum in the European smart city market, following successful deployments in Germany, Italy, and the Nordic region [3][5] Company Overview - Actelis Networks is a market leader in hybrid fiber-copper, cyber-hardened networking solutions for rapid deployment in wide-area IoT applications [6] - The company's solutions enable municipalities to achieve fiber-grade performance while leveraging existing copper infrastructure, significantly reducing deployment time and costs [4][6] - Actelis' "Cyber Aware Networking" initiative provides AI-based cyber monitoring and protection for all edge devices, enhancing network security and resilience [6]