Earnings Releases·Nov 10, 2026, 5:17 PM ET

Actelis Networks — Third Quarter 2026 Earnings Summary

Q3 2026 revenue surged 68% year-over-year to $1.1 million, while gross margin expanded to 40% from 28%; net loss narrowed 37% to $1.2 million ($0.04/share) and cash reserves rose to $4.8 million.
Operating expenses declined 13% to $1.9 million, and total liabilities decreased to $3.4 million with the credit line and short-term loan reduced to zero.
Strategic initiatives include a shareholder-approved reverse stock split (1-for-10 to 1-for-25) to target Nasdaq re-listing by April 2027 and a planned M&A strategy focused on cyber and AI sectors.
Product pipeline includes the Q4 2026 launch of the GL800 Gigabit-speed product for transportation and smart-city applications, alongside deepening federal and military contract opportunities.
Capital activities involved $1.0 million in stock repurchases for retirement and $7.3 million in proceeds from ATM stock issuance, partially offset by $4.6 million in net cash used for operations.