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 ...

As filed with the United States Securities and Exchange Commission on November 4, 2025. Registration No. 333-290758 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Actelis Networks, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 3669 52-2160309 (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer ...

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]

As filed with the United States Securities and Exchange Commission on October 16, 2025. Registration No. 333-290758 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Actelis Networks, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 3669 52-2160309 (State or Other Jurisdiction of Incorporation or Organization) Copies to: Eyal Peled, Esq. Greenberg Traurig LLP One Vanderbilt Avenue, N ...

As filed with the United States Securities and Exchange Commission on October 7, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Actelis Networks, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) Delaware 3669 52-2160309 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) Act ...

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]