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Actelis Networks, Inc. - $ASNS STOCK NEWS

Welcome to our dedicated page for Actelis Networks news (Ticker: $ASNS), a resource for investors and traders seeking the latest updates and insights on Actelis Networks stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Actelis Networks's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Actelis Networks's position in the market.

Rhea-AI Summary

Actelis Networks, Inc. (NASDAQ:ASNS) fulfills a new order for the City of Bakersfield, California, providing instant, fiber-grade network connectivity to modernize traffic intersections. The hybrid-fiber solution aims to enhance street safety initiatives and traffic flow, enabling real-time communication between the central control center and individual intersections. Actelis' patented technology improves copper performance, eliminating the need for expensive fiber deployment, making it a cost-effective and reliable solution for cities like Bakersfield.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.69%
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Rhea-AI Summary

Actelis Networks, Inc. (NASDAQ:ASNS) has received a $2.3 million order to supply Washington D.C.’s Department of Transportation with a new hybrid-fiber intelligent networking solution. This will help modernize the city’s transportation network with over 1,600 Actelis devices, enhancing traffic management, safety, and efficiency.

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Rhea-AI Sentiment
End-of-Day
-24.04%
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Rhea-AI Summary
Actelis Networks, Inc. (ASNS) partners with Khushi Communications Pvt. to enhance IoT networking solutions in Asia. The partnership aims to provide rapid deployment connectivity solutions for government agencies and private organizations, leveraging Actelis' hybrid-fiber networking technology to expand IoT networks cost-effectively.
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Rhea-AI Sentiment
End-of-Day
5.13%
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partnership
Rhea-AI Summary
Actelis Networks, Inc. (ASNS) reported financial results for fiscal full year 2023, with a strategic shift to IoT sales, total revenue of $5.6 million, a gross margin of 34%, and a net loss of $6.3 million. Operating expenses declined by 9%, and Adjusted EBITDA loss was $6.1 million. The company achieved certifications by the US Department of Defense and NIST for cyber security. Key operational highlights included new product launches, partnerships, customer wins, and restructuring of sales and marketing strategies.
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Rhea-AI Sentiment
End-of-Day
0.11%
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Rhea-AI Summary
Actelis Networks, Inc. (ASNS) partners with Netceed to expand cyber-hardened networking solutions for intelligent transportation. Actelis' hybrid-fiber technology will enhance connectivity and performance for thousands of North American customers in the telecom and traffic industries.
Rhea-AI Impact
Rhea-AI Sentiment
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-4.39%
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partnership
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Rhea-AI Summary
Actelis Networks, Inc. (ASNS) achieves NIST certification for FIPS 140-2 cryptographic standard, enhancing data protection for federal agencies and contractors. The certification, achieved in collaboration with partner WolfSSL, validates Actelis' cyber-hardened networking solutions for IoT applications, enabling global business development opportunities across various industries.
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Rhea-AI Sentiment
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-5.22%
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Rhea-AI Summary
Actelis Networks, Inc. (ASNS) has closed a new credit line facility with an Israeli bank, securing up to $1.5 million to increase operating cash without increasing total debt. The credit line will be secured by customer invoices, incur interest at a Federal SOFR rate plus 5.5%, and is available until the end of 2024. The company plans to perform a partial early repayment of its existing debt facility using the new credit line, leaving the total debt amount at a similar level.
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Rhea-AI Sentiment
End-of-Day
1.77%
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Rhea-AI Summary
Actelis Networks, Inc. (NASDAQ:ASNS) and partner Econolite have deployed a hybrid-fiber connectivity solution at traffic intersections in the City of Napa, California, as part of an Advanced Traffic Management System (ATMS) upgrade project. The solution aims to improve traffic safety by providing fiber-grade connectivity to the intersections, allowing for remote signal timing changes and enhancing network security. The project aligns with Napa's Local Roadway Safety Plan (LRSP) and addresses the city's concern with traffic safety, particularly in areas with a high combination of drivers, bikers, and pedestrians.
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Actelis Networks, Inc. (NASDAQ:ASNS) announced that its cyber-hardened, hybrid-fiber networking solutions have been added to the Department of Defense Information Network (DoDIN) Approved Products List (APL) after certification from the Joint Interoperability Test Command (JITC). Actelis' products are the only ones of their kind on the APL, providing cost-effective, rapid deployment networking solutions for IoT applications in military bases worldwide.
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Actelis Networks, Inc. (NASDAQ:ASNS) announced a $300,000 order for management software license and services from a major North American rail operator. The order includes software license and support for 3 years, granting access to the latest version of Actelis’ MetaASSIST EMS. Actelis technology enables fiber-grade connectivity over long distances utilizing any wireline medium, supporting various IoT applications for the rail industry globally.
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Rhea-AI Sentiment
End-of-Day
4.59%
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Actelis Networks, Inc.

Nasdaq:ASNS

ASNS Rankings

ASNS Stock Data

1.85M
2.48M
7.64%
11.45%
0.67%
Other Communications Equipment Manufacturing
Manufacturing
Link
United States of America
FREMONT

About ASNS

actelis networks, is the market leader in high performance broadband over hybrid fiber-copper networks, with solutions for enterprise connectivity to the cloud, residential iptv, mobile backhaul and iot infrastructure. utilizing its advanced technology, actelis helps service providers turns their existing infrastructure into a strategic assets optimized for cost, time to market, reliability and security.