INV4
2月前
$0.44+ 😃
=================
Actelis Networks Solutions Selected for Intelligent Transportation System Upgrade in the City of Cincinnati, Ohio
March 23, 2026
SUNNYVALE, Calif., March 23, 2026 (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 has secured an order to supply its hybrid fiber-copper networking solutions for an intelligent transportation system (ITS) upgrade in the City of Cincinnati, Ohio. The deployment will support intersection upgrades in the city, further extending Actelis' presence in the U.S. municipal ITS market.
This order adds to a series of orders reflecting the Company's success in the transportation sector across municipalities in the United States. In recent months, Actelis has secured orders spanning California's Caltrans, the cities of Chino and Cincinnati, Orange County and Ventura County, and follow-on orders from the Washington, D.C. Department of Transportation, among multiple other U.S. municipalities and transportation authorities. The Cincinnati deployment marks Actelis' first municipal ITS win in the Midwest, demonstrating the Company's expanding geographic reach as cities across the country increasingly adopt its technology for traffic infrastructure modernization.
"With another municipal ITS order, this time for Cincinnati, the country-wide pattern continues: cities and transportation agencies are choosing Actelis as the go-to solution for intelligent hybrid fiber-copper modernization," said Tuvia Barlev, Chairman and CEO of Actelis. Our ability to deliver fiber-grade connectivity over existing infrastructure, rapidly, cost-effectively, and with built-in cybersecurity, continues to resonate with those looking to upgrade their traffic systems without the time and expense of full fiber replacement."
About Actelis Networks, Inc.
Actelis Networks, Inc. (NASDAQ: ASNS) is a market leader in hybrid fiber, 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 www.actelis.com.
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," “looking forward,” and similar expressions that are intended to identify forward-looking statements. Forward-looking statements in this press release include, for example, statements regarding the expected deployment and performance of Actelis' ML684M solution within the SR-82 project, the anticipated contribution of this order to the Company's revenue, the Company's expectations regarding its growing presence in California's intelligent transportation systems market, and the Company's belief that its technology will continue to be recognized as a trusted solution for ITS communications infrastructure. 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 could 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.
Investor Relations Contact
Arx Investor Relations
North American Equities Desk
actelis@arxhq.com
Source: Actelis Networks, Inc.
Link article
🗞️ 🤓
INV4
3月前
Actelis Networks Reports 2025 Financial Results Highlighted by Strong Fourth Quarter Rebound
March 18, 2026
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 its financial results for the full year ended December 31, 2025, and provided business and corporate updates. Revenues for the fourth quarter of 2025 were approximately $1.4 million, representing an increase of 113% from $0.64 million in the third quarter of 2025. For the full year 2025, revenues were $3.7 million, compared to $7.8 million in the prior year. The decrease was primarily driven by two large deals in 2024 that did not repeat in 2025. In addition, the Company experienced a challenging operating environment, primarily due to a prolonged U.S. government shutdown that impacted budgeting and timelines. Despite these headwinds, the Company exited the year with a strong fourth quarter performance, reflecting improved revenue conversion from projects developed earlier in the year and continued wins across federal, transportation, utilities, and telecom markets.
“While 2025 was a challenging year across our sector, we exited the year with clear operational momentum,” said Tuvia Barlev, Chief Executive Officer of Actelis. “Fourth quarter revenue more than doubled sequentially compared to the third quarter while gross margin improved as well, and fourth quarter revenue exceeded each of the prior quarters of the year despite ongoing uncertainties and delays related, among other things, to the U.S. government shutdown. At the same time, we continued to expand our footprint across federal, transportation, multi-dwelling unit (MDU) networks while advancing our cost discipline initiatives and pursuing opportunities for inorganic growth. In recent months, our share price has experienced significant pressure despite the operational progress we continue to make. We believe Actelis is positioned at the intersection of several powerful infrastructure trends, including AI-driven bandwidth demand growth, federal modernization programs - many of which have been funded at tens of billions of dollars by the U.S. government - and increasing cybersecurity requirements for critical networks. We see our solutions as uniquely suited to enable rapid, cyber-hardened infrastructure deployment at a fraction of the cost of traditional alternatives.”
Business and Financial Highlights
• Strong Fourth Quarter Performance: Actelis delivered improved results in the fourth quarter of 2025 compared to the third quarter, with revenue increasing to $1.37 million, representing growth of 113% sequentially and exceeding revenue in each of the prior quarters of the year. Fourth quarter revenue also increased by 29% compared to the fourth quarter of 2024, driven by improved revenue conversion from projects developed earlier in the year. Gross margin in the fourth quarter improved to 35%, compared to 28% in the third quarter.
• Continued Execution of Cost Reduction Plan: Actelis continued to implement its cost reduction plan throughout 2025, working to improve operational efficiency while maintaining investment in strategic initiatives. 2025 Operating expenses increased by $0.3 million compared to 2024 from foreign exchange rate differences and a one-time grant of $0.16 million in 2024, masking the reductions achieved. The Company expects the benefits of these measures to become more visible during 2026.
• Momentum in Intelligent Transportation Systems Sector: Actelis continues to see increasing demand for its solutions as transportation infrastructure modernization and expansion initiatives accelerate. Notable projects during the year included traffic and transportation infrastructure modernization deployments in Orange County, California, Eugene, Oregon, and Mid-Atlantic county transportation systems, Caltrans, ity of Cincinnati, Japanese authorities, along with follow-on orders supporting smart traffic and connectivity infrastructure upgrades. These deployments build on Actelis’ growing installed base supporting traffic management systems, rail infrastructure, and broader smart infrastructure modernization projects.
• Expansion of Federal and Defense Market Opportunities: During 2025, Actelis strengthened its federal and defense market presence through leadership additions and growing pipeline engagement. The Company secured deployments supporting U.S. military base connectivity modernization and Federal Aviation Authority infrastructure initiatives, while expanding its federal sales capabilities to pursue larger modernization programs across defense and critical infrastructure agencies and building a growing pipeline of federal opportunities through Programs of Record.
• Expansion Across Carrier and Broadband Infrastructure with a focus on MDUs: Actelis secured multiple deployments supporting telecom operators and broadband infrastructure providers during the year, including deployments with a Tier-2 UK carrier, a Southern European operator implementing cybersecurity upgrades, and infrastructure modernization supporting legacy network transitions such as T1-to-fiber upgrades with a major U.S. carrier.
• New Product and Offering: The Company also expanded opportunities in MDU connectivity markets, supported by the completion of its MDU product family development in 2025, allowing the Company to secure deployments supporting fiber grade networks in hotels and sports venues. The Company also created a new cyber vulnerability monitoring services offering, supporting customer networks through cyber compliance and proactive risk management.
Financial Results for the Twelve Months Ended December 31, 2025
Revenues: Our revenues for the year ended December 31, 2025 amounted to $3.7 million, compared to $7.8 million for the year ended December 31, 2024. The decrease was primarily attributable to the timing of customer deployments and project execution across infrastructure markets, including federal, carrier and large infrastructure programs which typically involve long procurement and rollout cycles.
Cost of Revenues: Our cost of revenues for the year ended December 31, 2025 amounted to $2.5 million, compared to $3.5 million for the year ended December 31, 2024. The decrease from the corresponding period was primarily attributable to lower revenue levels during the year.
Research and Development (R&D) Expenses: Our R&D expenses for the year ended December 31, 2025 amounted to $2.6 million, compared to $2.4 million for the year ended December 31, 2024. The increase is due to the strengthening of the Israeli shekel against the U.S. dollar which led to an increase in expenditure by approximately $0.15 million.
Sales and Marketing Expenses: Our sales and marketing expenses for the year ended December 31, 2025 amounted to $2.9 million, compared to $2.6 million for the year ended December 31, 2024. The increase was primarily attributable to engaging consultants to expand market reach in primarily the government sector.
General and Administrative Expenses: Our general and administrative expenses for the year ended December 31, 2025 amounted to $2.9 million, compared to $3.2 million for the year ended December 31, 2024. The decrease was primarily attributable to cost reduction measures taken, while these benefits were offset by higher costs driven by the strengthening of the Israeli shekel against the U.S. dollar.
Other Income: Our other income for the year ended December 31, 2025 was negligible, compared to $0.16 million for the year ended December 31, 2024. The prior year amount was primarily attributable to a government grant received from the State of Israel associated with the Iron Swords war.
Operating Loss: Our operating loss for the year ended December 31, 2025 was $7.2 million, compared to $3.8 million for the year ended December 31, 2024. The increase was mainly due to the decline in sales, while operating expenditure remained consistent and increased operating expenses by $0.3 million driven by the strengthening of the Israeli shekel against the U.S. dollar by approximately 7%.
Financial (Expenses) income, Net: Our financial expenses, net for the year ended December 31, 2025 amounted to approximately $1.1 million, compared to $0.62 million for the year ended December 31, 2024. The increase is mainly due to expenditure of $0.75 million related to the Commitment Fee under the Common Stock Purchase Agreement payable in common shares issuance.
Net Loss: Our net loss for the year ended December 31, 2025 was $8.3 million, compared to a net loss of $4.4 million for the year ended December 31, 2024. This increase was primarily attributable to lower sales while operating expenditure remained consistent, as well as due to a one-time financial commitment expenditure of $0.75 million. In addition, the Israeli shekel strengthened by an average of 7% against the U.S. dollar, leading to higher operating expenses and contributing to increase in net loss.
Adjusted EBITDA: Adjusted EBITDA (non-GAAP) was a loss of $6.9 million for the year ended December 31, 2025, compared to a loss of $3.5 million for the year ended December 31, 2024. The higher loss reflects lower revenues during the year, partially offset by cost reduction initiatives and improved operating efficiencies implemented during 2025.
Working Capital: As of December 31, 2025, the Company had approximately $4 million in cash and cash equivalents. Subsequent to year end, to date, the Company raised gross proceeds of approximately $7.3 million through its At-the-Market (ATM) facility. During 2026, the Company secured important long-term components while optimizing its inventory levels that were flat year over year, significantly strengthening its balance sheet and ability to execute its operational initiatives and growth plans.
Share Repurchase Program:
Additionally, the Company today announced that its Board of Directors has authorized an expansion of its share repurchase program which it had authorized in November 2022 (the “Share Repurchase Program”) and since repurchased $50,000 worth of common stock, from $1 million up to $1.5 million worth of its outstanding shares of common stock. The Board of Directors authorized the Company to purchase its common stock from time to time on a discretionary basis. Decisions regarding the amount and timing of purchases under the Share Repurchase Program will be based on the Company’s cash on hand, cash flows from operations, general market conditions, regulatory requirements and other factors. The Company is not obligated to acquire any particular amount of its common stock under the Share Repurchase Program, has no set termination date and may be suspended or discontinued at any time.
About Actelis Networks, Inc.
Actelis Networks, Inc. (NASDAQ: ASNS) is a market leader in hybrid fiber, 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 www.actelis.com.
Use of Non-GAAP Financial Information
Non-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 include interest, financial instrument fair value adjustments and exchange rate differences of assets and liabilities; stock-based compensation expenses; depreciation and amortization expense; tax expense; and the impact of development expenses ahead of product launch. We adjust for the items listed above and present non-GAAP financial measures for all periods presented unless the impact is clearly immaterial to our financial statements.
Link article
🗞️
iHub News
3月前
Actelis wins Japanese government order for networking equipmentMarch 11, 2026 11:20 AM
IH Market News
Actelis Networks, Inc. (NASDAQ:ASNS) said it has secured a new order from a Japanese government entity for dozens of MetaLight networking units to support infrastructure modernization initiatives.The purchase was made through the company’s distributor in Japan and will see MetaLight systems deployed in critical infrastructure settings, according to a company press release. These networking solutions are designed for use in areas such as transportation systems, utilities and public safety networks, with potential applications in defense-related facilities.The announcement comes as Actelis trades with a market capitalization of about $3.29 million. The company’s shares have declined roughly 95% over the past year, recently trading around $0.38. Over the last twelve months, Actelis generated approximately $3.37 million in revenue, representing a 56% year-over-year decline. Despite the revenue drop, the company currently holds more cash than debt on its balance sheet, although it continues to experience significant cash burn. Some analysts have set price targets near $5, implying potential upside from current levels.MetaLight technology uses Ethernet-over-copper networking to deliver high-speed connectivity through existing copper wiring. This approach allows organizations to upgrade network performance without installing new fiber infrastructure. Actelis has previously deployed similar systems in Japan for highway and rail network projects.The order coincides with Japan’s broader infrastructure strategy after the Ministry of Internal Affairs and Communications released its “Digital Infrastructure Development Plan for 2030,” which focuses on expanding digital networks, artificial intelligence capabilities and cybersecurity.“This provides additional validation of the mission-critical reliability and security that Actelis’ MetaLight family consistently delivers,” said Tuvia Barlev. “Governments and defense-adjacent organizations in Japan are increasingly prioritizing secure, rapid-deployment networking for their most critical assets.”The company did not disclose the value of the contract or the expected deployment timeline.Actelis develops networking technology used in Internet of Things (IoT) applications across sectors including government, transportation, military systems, utilities, railways, telecommunications and campus networks.In other recent developments, Actelis has continued to win additional orders while addressing regulatory issues related to its listing on Nasdaq. The company recently received an order to supply hybrid fiber-copper networking equipment for a California Department of Transportation project in San Mateo County valued at about $120 million. It also secured a follow-on order worth $150,000 from a major European natural gas transmission operator and another $200,000 in orders from a U.S. telecommunications provider.Actelis has also won a contract to deliver networking equipment for an infrastructure modernization project in Chino, California, aimed at upgrading the city’s communications systems.On the regulatory side, the company has requested a hearing before the Nasdaq Hearing Panel after receiving a delisting notice for failing to maintain the minimum bid price requirement. Actelis said it plans to present a strategy aimed at restoring compliance with Nasdaq listing standards.Actelis Networks stock price
Original: Actelis wins Japanese government order for networking equipment
INV4
3月前
Actelis Networks Secures Japanese Governmental Order for Cyber-Hardened Networking Solutions for Critical Infrastructure
March 11, 2026
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 significant order from a Japanese governmental entity for the supply of dozens of units of its MetaLight networking solutions to support critical civil and defense infrastructure modernization across Japan.
The order, placed through Actelis' established Japanese channel partner and distributor, will deploy dozens of the Company’s proven MetaLight units across a range of critical infrastructure environments. The MetaLight family consists of ruggedized, cyber-hardened Ethernet-over-copper networking solutions designed to deliver secure, high-performance connectivity. The systems will support civil infrastructure applications such as transportation networks, utilities, and public safety systems, with potential extension into defense-related installations. By enabling fiber-grade connectivity over existing copper wiring, MetaLight allows organizations to rapidly modernize their networks without the cost or disruption of installing new fiber.
Actelis has previously supplied solutions for highway and rail systems throughout Japan, and this new order expands that footprint in the Japanese public agency market as it continues to invest in modernizing its infrastructure. For example, Japan’s Ministry of Internal Affairs and Communications (MIC) recently published the "Digital Infrastructure Development Plan for 2030", focusing on digital infrastructure, AI, network environments and security, among others.
"This provides additional validation of the mission-critical reliability and security that Actelis' MetaLight family consistently delivers," said Tuvia Barlev, Chairman and CEO of Actelis Networks. "Governments and defense-adjacent organizations in Japan are increasingly prioritizing secure, rapid-deployment networking for their most critical assets -- and Actelis is uniquely positioned to serve this need. Our ability to deliver fiber-grade performance over existing infrastructure, combined with our cyber-hardened architecture and proven deployments across Japan, makes us the natural choice for customers who cannot afford any compromise on reliability or security."
About Actelis Networks, Inc.
Actelis Networks, Inc. (NASDAQ: ASNS) is a market leader in hybrid fiber, 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 www.actelis.com.
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 may 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.
Investor Relations Contact:
Arx Investor Relations
North American Equities Desk
actelis@arxhq.com
Link article
$ASNS 🗞️
Zardiw
3月前
Probably be one of these.....have Ai sort them out and find a goody:
200Day Low List from #DDAmanda for tomorrow:
AEHL, AERT, AREB, ASNS, BHAT, BTOC, BURU, CDTG, CXAI, DTCK, DXST, ELPW, FBGL, FFAI, GOSS, GPUS, IBO, JDZG, JEM, KIDZ, LBGJ, LIMN, NAKA, PMNT, QH, QNCX, RENX, RVPH, RYDE, SVRN, TIRX, UOKA, VEEE, WORX, XTKG
Z
INV4
3月前
Thank you Wayne R there's a meeting on April 13, 2026
ACTELIS NETWORKS, INC.
NOTICE OF SPECIAL MEETING
AND
PROXY STATEMENT
Meeting to be held on April 13, 2026, at 10:00 a.m. (Eastern Standard Time)
The Meeting to be held at our offices at 25 Bazel Street, Petach Tikva, Israel 4950138.
ACTELIS NETWORKS, INC.
NOTICE OF SPECIAL MEETING OF STOCKHOLDERS
TO BE HELD ON APRIL 13, 2026
A special meeting of stockholders (the “Special Meeting”) of Actelis Networks, Inc. (“Actelis”, the “Company”, “we”, “us”, or “our”) will be held on April 13, 2026, at 10:00 a.m. (Eastern Standard Time), at our offices at 25 Bazel Street, Petach Tikva, Israel 4950138, to consider the following proposals:
1. To authorize, in accordance with Nasdaq Listing Rule 5635(d), the issuance of shares of our common stock, pursuant to the Company’s ELOC Purchase Agreement (as defined herein) (“Proposal No. 1”);
2. To approve an amendment to our Amended and Restated Certificate of Incorporation, as amended, in the form set forth on Appendix A attached to this Proxy Statement, to effect a reverse stock split (the “Reverse Stock Split”) with respect to our issued and outstanding common stock, par value $0.0001 per share, at a ratio ranging between 1-for-10 and 1-for-25, with the ratio at which the Reverse Stock Split would be effected to be a ratio within the range to be determined at the discretion of our Board of Directors and included in a public announcement by the Company before the effectiveness of the Reverse Stock Split (“Proposal No. 2”);
3. To approve the adjournment of the Special Meeting to a later date or time, if necessary, to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the Special Meeting, there are not sufficient votes to approve Proposals No. 1 and No. 2; and
4. To transact such other business as may be properly brought before the Special Meeting and any adjournments thereof.
BECAUSE OF THE SIGNIFICANCE OF THESE PROPOSALS TO THE COMPANY AND ITS STOCKHOLDERS, IT IS VITAL THAT EVERY STOCKHOLDER VOTES AT THE SPECIAL MEETING IN PERSON OR BY PROXY.
These proposals are fully set forth in the accompanying Proxy Statement, which you are urged to read thoroughly. For the reasons set forth in the Proxy Statement, your Board of Directors recommends a vote “FOR” Proposal Nos. 1, 2 and 3. The Company intends to mail the Proxy Statement and Proxy Card enclosed with this notice on or about March 4, 2026 to all stockholders entitled to vote at the Special Meeting. Only stockholders of record at the close of business on February 13, 2026 will be entitled to attend and vote at the meeting. A list of all stockholders entitled to vote at the Special Meeting will be available at the principal office of the Company during usual business hours, for examination by any stockholder for any purpose germane to the Special Meeting for 10 days prior to the date thereof. Stockholders are cordially invited to attend the Special Meeting. However, whether or not you plan to attend the meeting in person, your shares should be represented and voted. After reading the enclosed Proxy Statement, please sign, date, and return promptly the enclosed Proxy in the accompanying postpaid envelope we have provided for your convenience to ensure that your shares will be represented. If you do attend the meeting and wish to vote your shares personally, you may revoke your Proxy.
$ASNS 🗞️