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Actelis Networks Accelerates US Federal Government and Military Expansion Efforts, Hires Industry Veteran Sales Director as Company accelerates efforts in Major Military Branches
Globenewswire· 2025-06-16 12:15
Core Insights - Actelis Networks is accelerating its federal and military market expansion by appointing Jason Chasse as Director of Federal Sales, leveraging his 30 years of experience in federal sales [1][3] - The company's solutions are recognized for addressing critical modernization needs in military and federal agencies, with products listed on the Department of Defense Information Network Approved Products List [2][4] Company Strategy - The appointment of Jason Chasse reflects Actelis' commitment to building long-term strategic relationships within the federal and defense community, aiming for growth in this sector [3] - Actelis' hybrid-fiber networking technology allows for immediate fiber-grade connectivity over existing infrastructure, significantly reducing deployment time from months to days [5] Market Position - Actelis has established strong relationships within the defense community, evidenced by recent contracts from U.S. Army installations and Army National Guard bases [4] - The company's GigaLine solution is effective for military base modernization, providing secure, multi-gigabit connectivity for critical operations [4]
Actelis Networks Reports First Quarter 2025 Financial Results With Stable Revenues Alongside Increased Global Partners Coverage And Operational Efficiency
Globenewswire· 2025-05-13 20:35
Core Insights - Actelis Networks, Inc. reported a gross margin expansion to 35% for Q1 2025, driven by a strategic focus on growing its deal pipeline and high-margin wins while maintaining stable revenues and disciplined cost management [1][7][6] Financial Performance - Revenues for Q1 2025 were $721,000, slightly down from $726,000 in Q1 2024, primarily due to a 31% decline in revenues from the EMEA region, offset by a 23% increase in North America [6][7] - Gross profit for Q1 2025 was $251,000, representing 35% of revenue, an increase from $220,000 or 30% of revenue in Q1 2024, attributed to improved regional revenue mix and efficient cost management [9][7] - Operating loss improved to $1.81 million in Q1 2025 from $1.87 million in the same period last year, reflecting enhanced gross margins and continued expense control measures [11][7] - Net loss per share decreased to $(0.22) for Q1 2025, a 56% improvement compared to $(0.50) in Q1 2024 [7][12] Operational Highlights - The company is focusing on three main business areas: Federal and Military, Multi-Dwelling Units (MDU), and Intelligent Transportation Systems (ITS), with an emphasis on growing the pipeline for the remainder of the year [7][5] - New orders were received from various regions, including the Nordic region, Hungary, the US, UK, and Japan, validating the value proposition of Actelis' solutions [2][7] - The company engaged with multi-billion dollar partners, enhancing opportunities in ITS markets and expanding its sales presence across Europe [7][5] Cost Management - Operating expenses for Q1 2025 were $2.06 million, a 1.5% decrease from $2.09 million in Q1 2024, reflecting consistent efforts to reduce expenses [11][7] - Interest expenses significantly decreased due to the company becoming nearly debt-free, contributing to a stronger financial position [5][12] Market Position - Actelis Networks is recognized as a market leader in hybrid fiber-copper, cyber-hardened networking solutions for rapid deployment in various applications, including government and military sectors [14][1] - The company's innovative portfolio offers fiber-grade performance with the flexibility and cost-efficiency of hybrid networks, enhancing its competitive edge in the market [14][1]
Actelis Networks Receives New Order for Critical Infrastructure Modernization in Japan
Globenewswire· 2025-04-29 12:30
Core Viewpoint - Actelis Networks, Inc. has received a new order to supply advanced networking technology for critical infrastructure modernization in Japan, emphasizing its strategic presence in the region [1][3]. Company Overview - Actelis Networks, Inc. is a market leader in hybrid fiber-copper, cyber-hardened networking solutions, focusing on rapid deployment in wide-area IoT applications across various sectors including government, military, and utilities [4]. - The company's innovative portfolio offers fiber-grade performance while maintaining the flexibility and cost-efficiency of hybrid fiber-copper networks [4]. Recent Developments - The new order, placed through a leading Japanese distributor, aims to enable secure connectivity for infrastructure applications, particularly in transportation systems, utilities, and defense networks [2]. - This order builds on Actelis' established presence in Japan, where it has previously supplied solutions for major highway and rail systems [3]. - Actelis' hybrid-fiber networking solutions allow organizations to achieve fiber-grade performance while leveraging existing wiring infrastructure, significantly reducing deployment time and costs [3]. Strategic Importance - Japan is identified as a strategic region for Actelis, with the company providing secure connectivity solutions that can be rapidly deployed over existing infrastructure, thus saving time and costs for network operators [3].