GlobeNewswire·Nov 10, 2026, 5:11 PM ET

Actelis Networks Reports Third Quarter 2026 Financial Results and Provides Business Update

ASNS

Actelis Networks reported third-quarter 2026 revenue of $1.1 million, a 68% year-over-year increase & marked the third consecutive quarter of year-over-year growth.
Gross margin improved to 40% from 28% in the prior-year quarter, while operating expenses fell 13%, narrowing the net loss by 37% to $1.2 million.
U.S. Marine Corps modernization projects & Alaska carrier orders drove momentum in federal, military, & broadband sectors.
North American revenue surged 170% in the third quarter, driven by deliveries to federal & intelligent transportation customers.
The Company delivered cyber-hardened VoIP service to 65 buildings at a U.S. Marine Corps base using existing wiring, avoiding new fiber construction.
Regional carriers in Alaska placed orders to extend broadband to remote schools & healthcare facilities over existing infrastructure.
Actelis plans to introduce the GL800 Gigabit-speed product in Q4 2026 for transportation & smart-city applications.
Strategic efforts to return to Nasdaq include a reverse stock split range of 1-for-10 to 1-for-25 approved by shareholders in April 2026, with a decision deadline of April 2027.
The Company amended its $30 million equity line of credit in July 2026 to allow usage while shares trade on the OTCQB.
Actelis is pursuing M&A with a cyber & AI focus to accelerate growth & scale.
Cash, cash equivalents, & restricted cash totaled $4.8 million as of September 30, 2026, compared to $1.8 million in the prior-year period.
For the first nine months of 2026, revenue increased 38% to $3.2 million, with gross margin improving to 39%.
Adjusted EBITDA loss for the third quarter was $1.4 million, representing a 23% reduction from the prior-year quarter.

Company: Actelis Networks, Inc.
Keywords: Nasdaq:ASNS, Actelis Networks, Inc.