Actelis Networks, Inc. Stock Price, News & Analysis

Actelis Networks (NASDAQ: ASNS) is experiencing significant growth in the smart cities and cybersecurity sectors. The company's hybrid-fiber technology combines fiber-grade connectivity with existing copper infrastructure, proving important for urban network upgrades. In Q3 2024, Actelis reported revenue of $2.54 million, a 200% increase from Q3 2023, with year-to-date revenue reaching $6.7 million, up 46% year-over-year. Gross margins improved to 69% from 27%.

Notable achievements include Seattle's ITS modernization project, expansion in Washington, D.C., contracts with the U.S. Army National Guard, and European deployments. The company's 'Cyber Aware Networking' initiative introduces AI-driven cybersecurity features, addressing the growing threat to critical infrastructure.

Actelis Networks (NASDAQ:ASNS) has secured a significant new order from the City of Seattle Department of Transportation (SDOT) to upgrade and expand the city's Intelligent Transportation System (ITS). The company's hybrid-fiber networking technology will power traffic management applications, including signals, cameras, congestion monitoring systems, and dynamic messaging signs.

This win follows recent successes in Washington D.C., San Jose, and major international cities. The global ITS market is projected to reach $65.33 billion by 2032, with the broader smart city market expected to grow to $165.8 billion by 2028. Currently, 66% of U.S. cities are investing in smart city technologies.

The order was facilitated through Actelis' Washington State-based reseller partner, Western Systems, supporting the company's expansion in ITS and government infrastructure markets.

Actelis Networks (NASDAQ:ASNS) has secured new orders from the Washington DC Department of Transportation (DDOT), following a $2.3 million order from May 2024. The company is working with M.C. Dean, DDOT's key integrator, to modernize network connectivity infrastructure along DC's roadways and intersections.

The project addresses DC's significant traffic congestion issues by implementing cyber-hardened hybrid-fiber networking solutions that transform existing wiring into Gigabit-capable infrastructure, avoiding costly new cable installations while supporting high-demand applications like traffic monitoring systems and advanced cameras.

Actelis Networks (NASDAQ: ASNS) reported strong Q3 2024 results with revenue reaching $2.54 million, a 200% year-over-year increase. Nine-month revenue grew 46% to $6.7 million. Gross margin improved significantly to 69% in Q3 2024, up from 27% in Q3 2023. Operating expenses decreased by 12% in Q3 2024, while net loss narrowed by 41% to $511,000. The company secured nearly $5 million in funding in June 2024, with shareholders' equity reaching $2.8 million. Notable achievements include a $1.4 million two-year software and services contract renewal with a major North American customer and continued expansion in transportation and infrastructure projects across the US and Europe.

Actelis Networks (NASDAQ:ASNS) showcased its GigaLine 900 (GL900) broadband solution at multiple industry events, gaining significant attention for its ultra-low power consumption and cost-effective approach to delivering symmetrical Gigabit services in multi-dwelling units (MDUs). The GL900 operates at less than 5W power consumption and can utilize existing copper or coax wiring, eliminating the need for new fiber installation. The solution targets approximately 23 million apartment buildings in the U.S., offering rapid deployment with Gigabit performance achievable in under an hour. The company reports receiving initial customer orders with multiple trials currently in progress.

Actelis Networks (NASDAQ:ASNS) has secured a follow-on order from a major German municipality to expand its hybrid-fiber networking technology for IoT infrastructure modernization. The order strengthens Actelis' presence in Germany's intelligent transportation systems sector, building on recent successes across highways, utilities, airports, and military verticals. The company's solution enables cities to upgrade their networks quickly and cost-effectively by utilizing existing network wiring for fiber-grade data transmission, eliminating the need for extensive engineering and trenching. This aligns with Germany's increased critical infrastructure spending, which allocated over 30 billion euros in 2024 for federal highways, waterways, and railroads.

Actelis Networks (NASDAQ:ASNS) has received a follow-on order from a major U.S. Department of Transportation aerial agency, expanding its network into new regions. This order builds on a significant contract announced in September, demonstrating growing confidence in Actelis' secure and flexible networking solutions.

The project involves advanced technology for radar communications backhaul, important for air safety and operations. Actelis' solution provides high bandwidth and security for transmitting radar data to air traffic control centers. The technology adapts to both fiber-equipped locations and areas without fiber, enhancing existing infrastructure cost-effectively.

This order reinforces Actelis' reputation in intelligent transportation networks. The global air traffic management and consulting market is expected to grow from $14.79 billion in 2024 to $19.46 billion by 2032, with a 3.49% CAGR. Actelis' solution addresses modernization challenges by leveraging existing network wiring, helping agencies maximize budgets and avoid unnecessary expenses.

Actelis Networks, Inc. (NASDAQ:ASNS) has received a new order for its cyber-hardened temperature hardened networking technology from a major Italian motorways operator. This order expands on a previously announced $300,000 Italian National Transportation Infrastructure Project from June. The company's solution enables rapid modernization of network infrastructure, supporting critical safety tools like CCTV, speed cameras, sensors, and digital signage.

Actelis' technology leverages existing network wiring to deliver fiber-grade connectivity over long distances without the high costs of new cabling installation. Designed for roadside deployment, Actelis devices operate reliably in any climate, transmitting critical data to traffic operations centers. The company's solutions are also deployed across thousands of miles of highways in the United Kingdom and Japan, and in cities worldwide at traffic intersections to optimize signal timing and improve safety.

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.