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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 new orders for its cyber-hardened networking technology from three U.S. military bases. This follows the company’s recent cybersecurity certifications, including DoDIN and NIST FIPS 140-2 approvals. These certifications are vital for expanding their market within military networks. Chairman and CEO Tuvia Barlev stated that these achievements are resulting in new orders and a robust federal market pipeline. Actelis’ hybrid-fiber solution, noted for its strong data protection measures like 256-bit MACsec encryption, allows the military to implement fiber-grade connectivity swiftly and cost-effectively without extensive engineering. This positions Actelis uniquely on the DoDIN APL, offering a competitive edge.
Actelis Networks (NASDAQ: ASNS) has signed a binding term sheet to acquire 61% to 75% of Quality Industrial (OTC: QIND). QIND, based in Dubai, provides solutions for the critical infrastructure and energy sectors, generating $11 million in revenue and $1.8 million in net income in 2023. The acquisition is expected to expand Actelis' market reach into the UAE, Gulf Region, and Africa while enhancing QIND’s operations with Actelis’ IoT technology. The deal, subject to regulatory approval and due diligence, will involve Actelis issuing 19.99% of its common stock to QIND's shareholders and additional preferred shares. The companies aim to close the transaction within 60 days.
Actelis Networks (NASDAQ: ASNS) reported its fiscal Q1 2024 results, showing a significant drop in revenue to $0.73 million from $1.85 million year-over-year, primarily due to delayed customer orders. Gross margin decreased to 30% from 37%, impacted by lower revenue and indirect costs. Net loss remained near parity at $2.0 million compared to $1.9 million in Q1 2023. Operating expenses were reduced by 20%, reflecting a strategic cost-reduction initiative.
Major recent highlights include winning a $2.3 million order from Washington D.C.’s Department of Transportation and implementing a hybrid-fiber solution in Bakersfield, CA. The company is progressing with trials for its GigaLine 800 and 900 solutions. Despite macroeconomic challenges, Actelis is focused on expanding its IoT and cyber-aware networking markets.
Actelis Networks, Inc. (NASDAQ:ASNS) fulfills a new order for the City of Bakersfield, California, providing instant, fiber-grade network connectivity to modernize traffic intersections. The hybrid-fiber solution aims to enhance street safety initiatives and traffic flow, enabling real-time communication between the central control center and individual intersections. Actelis' patented technology improves copper performance, eliminating the need for expensive fiber deployment, making it a cost-effective and reliable solution for cities like Bakersfield.
Actelis Networks, Inc. (NASDAQ:ASNS) has received a $2.3 million order to supply Washington D.C.’s Department of Transportation with a new hybrid-fiber intelligent networking solution. This will help modernize the city’s transportation network with over 1,600 Actelis devices, enhancing traffic management, safety, and efficiency.
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