From GlobeNewswire: 2025-05-13 16:35:00

Actelis Networks, Inc. reported stable revenues of $0.72 million for the first quarter of 2025, with a gross margin improvement to 35%. Operating expenses were lower at $2.06 million, leading to a reduced operating loss of $1.81 million. The company strengthened its balance sheet, with shareholders’ equity at $2.61 million. Net loss per share decreased to $(0.22) for the quarter. Actelis also highlighted new orders from the Nordic region, Hungary, US, UK, and Japan, solidifying its global presence and partnerships. Yoav Efron, Deputy CEO and CFO, emphasized efforts to optimize operations and drive recurring revenues.

In terms of financials, for the first quarter of 2025, Actelis Networks reported revenues of $721,000, with a gross profit of $251,000 or 35% of revenue. Operating expenses amounted to $2.06 million, resulting in an operating loss of $1.81 million. The company also disclosed non-GAAP Adjusted EBITDA, showing a loss of $1.69 million. Cash and cash equivalents, along with restricted cash equivalents, totaled $1.424 million. Additionally, supplementary disclosures included cash paid for interest, other non-current assets, and warrants to the lender.



Read more at GlobeNewswire: Actelis Networks Reports First Quarter 2025 Financial