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About Actelis Networks, Inc.
Actelis Networks, Inc. (NASDAQ: ASNS) is a leading provider of hybrid fiber-copper networking solutions, specializing in enabling secure, rapid, and cost-effective connectivity for wide-area Internet of Things (IoT) applications. By combining newly deployed fiber infrastructure with existing copper and coaxial lines, Actelis delivers high-performance broadband solutions that address the unique challenges of critical infrastructure, intelligent transportation systems (ITS), government networks, utilities, and military operations.
Core Business Areas
At the heart of Actelis' business model is its ability to transform legacy infrastructure into strategic assets. The company's innovative technology allows for the deployment of fiber-grade connectivity over hybrid networks, significantly reducing installation costs and time. Actelis serves a diverse range of industries, including:
- Intelligent Transportation Systems (ITS): Providing secure and reliable connectivity for traffic management, signalized intersections, and smart road technologies.
- Government and Defense: Enabling secure communication networks for federal, state, and local agencies, as well as military bases.
- Utilities and Energy: Supporting critical infrastructure with robust and scalable networking solutions.
- Telecommunications: Enhancing last-mile connectivity for residential and enterprise broadband services.
Technological Innovation
Actelis is at the forefront of hybrid networking innovation, offering solutions that combine high-speed performance with the flexibility of leveraging existing infrastructure. Its 'Cyber Aware Networking' initiative integrates advanced AI-driven cybersecurity features directly into its networking products. This approach ensures end-to-end protection for IoT networks, safeguarding data at the edge where vulnerabilities are most pronounced. Key features include:
- AI-Powered Threat Detection: Real-time monitoring and mitigation of cyber threats.
- End-to-End Security: Encryption and coding technologies applied across hybrid fiber-copper networks.
- Rapid Deployment: Solutions designed for quick installation with minimal disruption.
Market Position and Competitive Edge
Operating in a rapidly growing IoT and critical infrastructure market, Actelis differentiates itself through its unique hybrid approach. While many competitors focus solely on fiber or wireless solutions, Actelis bridges the gap by leveraging existing copper and coaxial lines. This strategy not only reduces costs but also accelerates deployment, making it an attractive choice for budget-conscious and time-sensitive projects. Additionally, the company's focus on cybersecurity, through solutions like its MetaShield platform, positions it as a trusted partner in protecting critical networks.
Recurring Revenue Model
In addition to hardware sales, Actelis is expanding its recurring revenue streams through software-as-a-service (SaaS) offerings. Its AI-powered cybersecurity solutions, integrated into its networking products, provide ongoing value to customers while generating predictable revenue for the company. This dual revenue model enhances financial stability and supports long-term growth.
Commitment to Sustainability
Actelis' solutions are designed with sustainability in mind. By reusing existing infrastructure, the company minimizes the environmental impact of new deployments. Its energy-efficient products further contribute to reducing the carbon footprint of its customers' operations, aligning with global sustainability goals.
Conclusion
Actelis Networks, Inc. is uniquely positioned to address the evolving connectivity and security needs of critical industries. By combining innovative hybrid networking technology with advanced cybersecurity features, the company provides scalable, cost-effective, and secure solutions that enable the digital transformation of infrastructure worldwide. As IoT adoption continues to grow, Actelis is well-equipped to play a pivotal role in shaping the future of secure and resilient networking.
Actelis Networks (NASDAQ:ASNS) announced the final phase of a major networking project for the U.S. military, set for completion by December 2022, valued at over $500,000. Partnering with Communications Construction Services, Actelis aims to enhance military connectivity, delivering services at significantly lower costs compared to new fiber installations. The technology will provide scalable Ethernet solutions to remote military locations, ensuring high reliability and speed while utilizing existing infrastructure. This deployment highlights Actelis’ capabilities in meeting vital government needs efficiently.
Actelis Networks, Inc. (NASDAQ: ASNS) has announced a $1 million share repurchase program, reflecting the Board's confidence in the company's growth potential and commitment to enhancing shareholder value. The program allows for stock buybacks through various means, funded by existing cash balances. CEO Tuvia Barlev highlighted a disconnect between the current share price and the stock's fair value, linking the buyback to their growth trajectory and operational cash flow. There is no set termination date for this program, which may be adjusted as needed.
Actelis Networks (ASNS) announced its Q3 and nine-month financial results for 2022, revealing total revenue of $6.3 million, a 5% increase year-over-year. IoT customer sales surged 45% compared to the prior year. However, gross margin fell to 48.3% due to inflation and supply-chain issues. The company reported a net loss of $2.2 million for Q3, widening from $1.2 million a year earlier. Despite these challenges, Actelis has expanded its sales and marketing teams, enhancing its market presence while working to clear a backlog of $3.9 million in orders.
Actelis Networks (NASDAQ: ASNS) will hold a conference call on November 11, 2022, at 4:30 p.m. Eastern Time to discuss its financial results for the fiscal third quarter ending September 30, 2022. The call will be hosted by CEO Tuvia Barlev and CFO Yoav Efron. Interested parties can join via toll-free U.S. dial-in at (800) 715-9871 or international dial-in at +1(646) 307-1963, using conference ID 6957723. A replay of the conference will be available until November 18, 2022.
Actelis Networks has partnered with Norseman Defense Technologies to provide its networking solutions under the NASA SEWP US government-wide acquisition contract. This collaboration allows Actelis to offer its cyber-hardened, rapid deployment connectivity solutions to federal, state, and local government agencies, enhancing network reliability for mission-critical installations.
Actelis' solutions are designed for quick deployment, utilizing both fiber and copper lines, facilitating high-speed connectivity without extensive civil works.
Actelis Networks (NASDAQ: ASNS) has launched its new ML600DM product line, designed for rapid IoT networking deployment at Gigabit speeds with enhanced cyber-hardened security. This product family facilitates the integration of existing fiber, copper, or coaxial infrastructures, enabling quick and cost-effective IoT implementations across various sectors, including Smart Cities and utilities. The ML600DM series supports up to 10Gbps switching capacity and provides power feeding up to 90 Watts for IoT devices, significantly improving operational efficiency.
Actelis Networks (NASDAQ: ASNS) has been selected by San Jose to modernize its Intelligent Transportation System (ITS), part of a $3 million multi-year initiative. This choice follows rigorous testing, highlighting Actelis’ hybrid fiber-copper technology that facilitates rapid deployment and high reliability. Currently, less than 15% of San Jose's intersections are fiber enabled, and Actelis aims to enhance network capabilities swiftly, allowing real-time traffic data management and surveillance. The project underscores the city's commitment to improving transportation infrastructure in a rapidly evolving environment.
Actelis Networks (NASDAQ: ASNS) announced that CEO Tuvia Barlev and CFO Yoav Efron will present at the H.C. Wainwright 24th Annual Global Investment Conference, scheduled for September 12-14, 2022. This event will feature both virtual and in-person participation at the Lotte New York Palace Hotel in New York City. Actelis’ management will also hold one-on-one meetings with qualified investors during the conference. The company is a leader in cyber-hardened networking solutions for wide-area IoT applications, focusing on sectors like government, military, and telecommunications.
Actelis Networks (NASDAQ: ASNS) announced the receipt of $312,000 in orders related to a multi-year contract with a global airport operations management leader. This initiative is set to modernize networks across hundreds of airports in 39 countries, with new orders anticipated as deployment expands. The project facilitates rapid deployment of fiber-grade networks using existing copper infrastructure, enhancing IoT connectivity, freight monitoring, and overall airport operation efficiency. Actelis’ solutions ensure secure, reliable communications, enabling real-time data sharing necessary for improved safety and efficiency in airport operations.
Actelis Networks (ASNS) reported an 8% year-over-year revenue increase, totaling $4.9 million for the first half of 2022. Sales to IoT customers surged 51%, bolstered by a backlog of $4.0 million, primarily from IoT clients. Gross margin rose to 62%, despite supply chain challenges. However, the company noted an operating loss of $0.7 million for Q2 and a net loss of $1.7 million, attributed to increased financial and operating expenses linked to its recent IPO. Adjusted EBITDA was $79,000 for Q2 but showed a loss of $888,000 for the six months, reflecting elevated costs in R&D and marketing.
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