From GlobeNewswire: 2025-03-24 08:30:00

Actelis Networks, Inc. reported strong financial results for 2024, with total revenue reaching $7.8 million, a 38% increase from 2023. Gross margin improved to 55%, showing a 125% year-over-year improvement. Operating expenses declined by 13%, and net loss decreased to $4.4 million. The company is nearly debt-free, focusing on strategic growth initiatives and optimizing its capital structure.

The company’s success was driven by expansion into key markets like Federal/Military, IoT/Smart City, and Smart Transportation. Actelis’ GigaLine 900 solution for Multi-Dwelling Units has gained traction, offering rapid gigabit connectivity over existing infrastructure. The MetaShield solution, integrating AI-based cyber monitoring, addresses security gaps in IoT networks. Actelis also aims to grow recurring revenue streams and maintain leadership in smart city infrastructure.

Actelis Networks has prioritized strategic growth initiatives for 2025, aiming to expand software and services revenue in key markets. The company is intensifying focus on partnerships to accelerate market penetration. Actelis continues to enhance its industry presence through participation in major events, showcasing its technological advantages. Recent additions to the board bring valuable expertise in networking and technology to the company.

The company’s fiscal year 2024 financial highlights show revenue growth, improved gross margin, and reduced operating expenses. Non-GAAP Adjusted EBITDA loss improved to $3.5 million from $6 million in the previous year. Actelis’ unique Cyber-Aware Networking vision, integrated MetaShield solution, and commitment to innovation position it for continued success in 2025 and beyond.



Read more at GlobeNewswire:: Actelis Networks Reports Full Year 2024 Results: Revenue