Welcome to our dedicated page for Actelis Networks news (Ticker: ASNS), a resource for investors and traders seeking the latest updates and insights on Actelis Networks stock.
Actelis Networks, Inc. (ASNS) is a leading provider of high-performance broadband solutions over hybrid fiber-copper networks. With a focus on enterprise connectivity, residential IPTV, mobile backhaul, and IoT infrastructure, Actelis transforms existing infrastructures into strategic assets optimized for cost, time to market, reliability, and security. The company’s advanced technology harnesses both new fiber deployments and existing copper/coaxial lines to deliver secure, efficient, and rapid network solutions.
Actelis Networks is committed to enabling communication for Internet of Things (IoT) projects across vast areas, including cities, campuses, airports, military bases, roads, and rail systems. Their portfolio offers end-to-end network security, ensuring the protection of critical IoT data through state-of-the-art coding and encryption technologies. This makes their solutions not only cost-effective but also highly secure.
Recently, Actelis has shifted its strategic focus towards IoT markets, a move bolstered by their latest achievements, including certification from the US Department of Defense (DoD) and the National Institute of Standards and Technologies (NIST) for cybersecurity and interoperability. The company's new multi-dwelling unit (MDU) solutions, like the GigaLine 800 and 900 series, are designed for multi-gigabit connectivity, offering superior performance at reduced costs and faster deployment times compared to fiber-only options.
In 2023, Actelis reported revenues of $5.6 million, down from $8.8 million in 2022, a change mainly due to a shift from telco to IoT customers and project delays. Despite this, the company has continued to reduce operational costs and improve efficiency, preparing for potential growth in 2024. They have expanded their network of strategic partnerships, including collaborations with Netceed, Carahsoft, and Swarco, aimed at enhancing market coverage and operational efficiency.
Financially, Actelis saw a decrease in operating loss to $7.4 million in 2023 from $6.1 million in 2022. The net loss also decreased significantly to $6.3 million from $11.0 million in 2022, due to lower revenue and gross margin but offset by a reduction in financial expenses following the conversion of certain financial instruments during their IPO in 2022.
Looking ahead, the company is poised for growth through strategic acquisitions, such as the integration with Quality Industrial Corp. (QIND). This move is expected to expand Actelis' reach into new geographies and verticals, such as energy, utilities, and public safety, providing reliable, secure networking to enhance operational efficiencies.
Actelis Networks (NASDAQ:ASNS) has received a $200,000 order from the US Department of Military Affairs to supply a US Army National Guard base with its cyber-hardened hybrid-fiber networking solution. This order follows recent momentum in the federal government sector, including a significant order from a US Department of Aerial Transportation agency and a $150,000 order in July from a tier-1 military contractor.
Actelis was chosen for its ability to instantly deliver higher bandwidth without upgrading existing physical cabling, saving time and costs. The company's solution is the only one of its kind listed on the Department of Defense's Approved Products List (APL), having earned both JITC and NIST certifications for FIPS compliance. The National Guard base requires a significant network upgrade to support hundreds of employees and housing for thousands of Army personnel, ensuring efficient operations for critical applications.
Actelis Networks, Inc. (NASDAQ:ASNS) has secured a significant order from a major U.S. Department of Transportation aerial agency for its cyber-hardened hybrid-fiber networking solution. This order follows recent wins in the transportation sector, including a $2.3 million contract with Washington D.C.'s DOT, a $300,000 order for an Italian national project, and a $260,000 order for a Mid-Atlantic US county.
Actelis' technology enables rapid deployment of IoT devices and broadband services, accelerating project timelines and reducing costs. The solution will support various applications, including connecting remote facilities and backhauling radar networks. CEO Tuvia Barlev emphasized the company's progress in the intelligent aerial transportation sector and the importance of their cyber-hardened platform in securing critical networks.
Actelis Networks (NASDAQ:ASNS), a leader in cyber-hardened networking solutions for IoT applications, announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference. The event is scheduled for September 9-11, 2024, at the Lotte New York Palace Hotel in New York City.
Key points:
- Actelis' virtual presentation will be available from September 9, 2024 on the conference website
- Yoav Efron, Deputy CEO and CFO, will attend in person
- Management will participate in one-on-one meetings with qualified investors
- Interested parties can schedule meetings through H.C. Wainwright representatives or by contacting ARX Advisory at actelis@arxadvisory.com
This conference provides Actelis an opportunity to showcase its IoT networking solutions and engage with the investment community.
Actelis Networks (NASDAQ:ASNS) has secured a new order for its Intelligent Traffic System (ITS) networking solution in a densely populated municipality within the New York City metro area. The company will provide a hybrid-fiber networking solution through its partner Netceed, enabling fiber-grade connectivity overnight for the municipality's traffic management system.
Actelis' technology allows for rapid expansion of IoT infrastructure for real-time data capture and remote adjustments, enhancing operational efficiency. The solution can manage connectivity and cyber-harden any wired medium, expediting deployment and reducing costs for cities adapting to changing ITS needs. This order marks a significant milestone in Actelis' partnership with Netceed, addressing critical needs of city-wide traffic management systems.
Actelis Networks (NASDAQ: ASNS) has announced a strategic partnership to develop an AI-powered cybersecurity SaaS for IoT networks. This new offering, part of Actelis' 'Cyber Aware Networking' initiative, will be integrated into their existing networking devices to monitor and protect IoT assets at the network edge. The solution aims to enhance security, efficiency, and operational continuity for critical infrastructure applications like government networks, utilities, and transportation systems.
Key features of the new offering include:
- AI-driven threat detection and mitigation
- Comprehensive visibility and monitoring capabilities
- Scalability for large networks
- Integration with Actelis' DoD-certified networking solutions
This move is expected to expand Actelis' market presence in the IoT sector and increase recurring software revenues. The global IoT security market is projected to reach $306 billion by 2032, highlighting the significant opportunity for Actelis in this growing field.
Actelis Networks Inc (NASDAQ:ASNS), a leader in cyber-hardened, rapid-deployment hybrid fiber networking solutions, is set to participate in the Q3 Investor Summit on August 20th, 2024. The company will deliver a presentation at 2:30 pm ET and be available for one-on-one meetings throughout the day. This virtual event focuses on 50 micro-cap companies with catalysts and/or strong performance in the current market.
The summit offers investors an opportunity to engage directly with Actelis Networks and explore their solutions for wide-area IoT applications across various sectors, including government, military, utility, rail, telecom, and campus applications. Interested qualified investors can register for free to attend the event and participate in live Q&A sessions.
Actelis Networks (NASDAQ: ASNS) reported strong Q2 2024 results, showcasing 372% sequential revenue growth and 81% year-over-year increase. Revenue reached $3.43 million, up from $1.9 million in Q2 2023. The company achieved positive EBITDA of $11,000, marking the first profitable quarter since 2022. Gross margin improved significantly to 57%, driven by increased revenue and a more profitable geographical mix. Operating expenses were reduced by 20% to $1.88 million. Actelis secured a $2.3 million order from Washington D.C.'s Department of Transportation and successfully deployed its solution in Bakersfield, CA. The company raised nearly $5 million in June 2024, strengthening its liquidity position.
Actelis Networks, Inc. (NASDAQ:ASNS) has secured new orders to deploy cyber-hardened network solutions for two major German utility providers. The orders include supplying the MetaLIGHT 684D networking solution to a large regional water supply company and a natural gas provider. Actelis' technology offers rapid deployment of fiber-grade connectivity over existing infrastructure, making it attractive for critical IoT networks in the utility sector.
The company's solution addresses the growing need for enhanced cybersecurity in utility networks, particularly in light of recent cyberattacks on water infrastructure. Actelis' advanced encryption protocols provide robust protection against threats such as ransomware, phishing, and hacking, aligning with concerns raised by agencies like the U.S. EPA regarding the vulnerability of water systems to cyber threats.
Actelis Networks (NASDAQ: ASNS) has received new orders exceeding $150,000 from a tier-1 military contractor for its latest cyber-hardened networking solution, the GigaLine 800 (GL800). This marks the first major deployment of the GL800 on U.S. military bases, following its NIST certification for FIPS standard and JITC certification. The GL800 is designed to deliver higher bandwidth to buildings and IoT devices, providing secure multi-gigabit fiber-grade connectivity over existing wiring. This hybrid-fiber solution enables rapid, overnight deployment while saving costs by avoiding new construction. The GL800 features high-end security protocols, including 256-bit MACsec encryption, making it attractive to government agencies seeking enhanced network security and quick connectivity.
Actelis Networks, Inc. (NASDAQ:ASNS) has secured a software and service contract renewal worth nearly $1.5 million from a major North American customer. The agreement primarily covers licensed access to Actelis' Element Management Software System (EMS), a scalable platform for remote network management and device provisioning. The EMS solution offers:
- Automated configuration and software upgrades
- Robust configuration management
- Real-time event notifications and email alerts
- Support for various network configurations
- Integration with third-party systems
The contract also includes technical support and extended warranty services. This renewal follows recent wins in the military, energy, and intelligent transportation sectors, showcasing Actelis' ability to support large-scale critical IoT infrastructure networks.
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