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, a market leader in networking solutions for IoT applications, announced a $260,000 order to modernize the traffic systems in a major Mid-Atlantic county. This project leverages Actelis' hybrid-fiber technology to improve traffic management, safety, and environmental initiatives. The County, home to over 1 million residents, is important for the region's economy and infrastructure. Actelis' advanced Ethernet aggregators and access devices will enhance the operational efficiency of traffic signals and safety cameras, aligning with the County's long-term goals of eliminating severe collisions by 2030 and promoting climate resilience.
Actelis Networks (NASDAQ: ASNS) has closed the exercise of its Series A-2 warrants, raising approximately $2.25 million in gross proceeds. These warrants, originally issued in June 2024, allowed for the purchase of up to 999,670 shares of common stock at $2.00 per share. The company issued new unregistered warrants to buy 1,999,340 shares of common stock at an exercise price of $1.75 per share, with a 24-month term.
H.C. Wainwright & Co. acted as the exclusive placement agent. The proceeds will be used for general corporate purposes. The new warrants and the shares issued upon their exercise are not registered under the Securities Act of 1933 and will require registration with the SEC before they can be resold in the U.S.
Actelis Networks (NASDAQ:ASNS) announced a definitive agreement for the immediate exercise of certain Series A-2 warrants, resulting in gross proceeds of approximately $2.25 million. These warrants allow the purchase of up to 999,670 shares at $2.00 per share. H.C. Wainwright & Co. is the exclusive placement agent. Additionally, the company will issue new unregistered warrants for 1,999,340 shares at $1.75 per share, effective immediately and valid for 24 months. The offering is expected to close by July 2, 2024, with proceeds used for general corporate purposes.
Actelis Networks (NASDAQ: ASNS) announced an initial order from a major German municipal utilities company. This order, part of a larger project, involves deploying Actelis' advanced hybrid-fiber networking solution to enhance smart city critical infrastructure. This solution will enable gigabit speeds using existing copper or fiber infrastructure, facilitating immediate deployment without new wiring. Additionally, it offers strong encryption to protect against cyber-attacks. Actelis' technology supports the growing need for secure and efficient IoT infrastructures, particularly in energy and utilities networks.
Actelis Networks (NASDAQ: ASNS) has secured a $300,000 order from a new Italian channel partner for a national transportation infrastructure project. This order highlights Actelis' continued international expansion and its reputation for providing cost-effective, scalable, and secure networking solutions. Actelis' technology allows for gigabit speeds over existing wireline mediums, making it a cost-effective alternative to extensive engineering and construction projects. The company's solutions are deployed in various sectors, including recent projects for the UK National Highways and the Washington D.C. Department of Transportation. Actelis’ ML684Dx device, used in this project, is designed for hybrid fiber and copper networks and features advanced security measures, making it ideal for transportation applications.
Actelis Networks (NASDAQ:ASNS) has announced new orders for its cyber-hardened, hybrid-fiber IoT networking solutions to enhance connectivity at airports in Japan, India, and Poland. These orders fall under a multi-year contract with SITA, a global leader in airport operations management. This expansion follows recent achievements, including orders from military bases and a new partnership with Carahsoft. Actelis' solutions offer fiber-grade connectivity over existing wiring, enabling efficient, secure data transport. Their technology, certified by the U.S. Department of Defense, aims to modernize airport operations and bolster cybersecurity.
Actelis Networks (NASDAQ:ASNS) announced it has regained compliance with Nasdaq's minimum bid price rule. The company received a notice from Nasdaq confirming that its ordinary shares maintained a minimum bid price of $1.00 per share for 10 consecutive business days, satisfying the requirement set forth in Nasdaq Listing Rule 5550(a)(2). As a result, Nasdaq has closed the previous bid price deficiency matter for Actelis.
Actelis Networks (NASDAQ:ASNS) has announced a partnership with Carahsoft Technology to enhance IoT connectivity for US government agencies. This collaboration will allow Actelis' hybrid-fiber connectivity solutions to be available through Carahsoft's public sector resellers and government contract vehicles, including NASA’s SEWP V and OMNIA Partners contracts. The partnership aims to expedite the deployment of IoT devices by reducing project timelines and costs.
Actelis' technology boosts existing copper and coax infrastructure to fiber-grade performance, already deployed in smart cities, military bases, and utilities monitoring. Carahsoft's Sales Executive, Lacey Wean, emphasized the flexibility and expedience Actelis' solutions bring to government networking projects. For more details, contact Carahsoft at (844) 722-8436 or Actelis@carahsoft.com.
Actelis Networks (NASDAQ: ASNS) announced the successful closing of the exercise of warrants, generating approximately $3 million in gross proceeds. The warrants, originally issued in May and September 2023 at an exercise price of $2.75 per share, allowed for the purchase of 999,670 shares of common stock. H.C. Wainwright & Co. acted as the exclusive placement agent. In addition, Actelis issued new unregistered Series A-1 and Series A-2 warrants for 999,670 shares each, with exercise prices of $2.00 per share. These new warrants are immediately exercisable, with the Series A-1 warrants having a term of 5.5 years and Series A-2 warrants having a term of 24 months. The proceeds are intended for general corporate purposes and working capital.
Actelis Networks (NASDAQ:ASNS) has entered a definitive agreement for the immediate exercise of certain outstanding warrants, generating approximately $3 million in gross proceeds. These warrants, initially issued in May and September 2023, have an exercise price of $2.75 per share. H.C. Wainwright & Co. is acting as the exclusive placement agent for this offering, which is expected to close around June 6, 2024, subject to customary conditions. The proceeds will be used for general corporate purposes. Additionally, the company will issue new Series A-1 and A-2 unregistered warrants, each allowing the purchase of up to 999,670 shares at $2.00 per share, with terms of five and one-half years and twenty-four months, respectively.
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