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.
Actelis Networks, Inc. (NASDAQ: ASNS) delivers cyber-hardened hybrid networking solutions that transform existing infrastructure into secure, high-performance assets for critical IoT deployments. This news hub provides investors and technology professionals with essential updates on the company's innovations in fiber-copper integration, cybersecurity advancements, and infrastructure modernization projects.
Access timely announcements including earnings reports, product launches, strategic partnerships, and government contracts. Our curated collection features developments in AI-driven network security, smart city deployments, and mission-critical communication systems. Stay informed about ASNS's progress in enabling secure broadband connectivity across transportation networks, utility grids, and defense applications.
Key updates cover the company's patented MetaShield technology, hybrid network expansion initiatives, and recognition in cybersecurity standards. Bookmark this page for consolidated access to Actelis Networks' official communications and market-moving developments in intelligent infrastructure solutions.
Actelis Networks (NASDAQ: ASNS) announced that CEO Tuvia Barlev and CFO Yoav Efron will present at the H.C. Wainwright 24th Annual Global Investment Conference, scheduled for September 12-14, 2022. This event will feature both virtual and in-person participation at the Lotte New York Palace Hotel in New York City. Actelis’ management will also hold one-on-one meetings with qualified investors during the conference. The company is a leader in cyber-hardened networking solutions for wide-area IoT applications, focusing on sectors like government, military, and telecommunications.
Actelis Networks (NASDAQ: ASNS) announced the receipt of $312,000 in orders related to a multi-year contract with a global airport operations management leader. This initiative is set to modernize networks across hundreds of airports in 39 countries, with new orders anticipated as deployment expands. The project facilitates rapid deployment of fiber-grade networks using existing copper infrastructure, enhancing IoT connectivity, freight monitoring, and overall airport operation efficiency. Actelis’ solutions ensure secure, reliable communications, enabling real-time data sharing necessary for improved safety and efficiency in airport operations.
Actelis Networks (ASNS) reported an 8% year-over-year revenue increase, totaling $4.9 million for the first half of 2022. Sales to IoT customers surged 51%, bolstered by a backlog of $4.0 million, primarily from IoT clients. Gross margin rose to 62%, despite supply chain challenges. However, the company noted an operating loss of $0.7 million for Q2 and a net loss of $1.7 million, attributed to increased financial and operating expenses linked to its recent IPO. Adjusted EBITDA was $79,000 for Q2 but showed a loss of $888,000 for the six months, reflecting elevated costs in R&D and marketing.
Actelis Networks, Inc. (NASDAQ: ASNS) will host a conference call on August 11, 2022, at 4:30 p.m. Eastern time to discuss its fiscal second-quarter financial results ending June 30, 2022. The call will feature CEO Tuvia Barlev and CFO Yoav Efron. Participants can join via dial-in numbers provided or listen to the live broadcast on the company's Investor Relations website. A telephonic replay will be available after the call until August 18, 2022.
Actelis Networks reported a 21% year-over-year increase in revenues, reaching $1.9 million for Q1 2022, up from $1.5 million in Q1 2021. The customer backlog surged 121% to $4.2 million. However, net loss grew to $4.6 million from $0.7 million, driven primarily by increased financial expenses and operating costs. Adjusted EBITDA loss also widened to $957,000. Following a successful IPO in May 2022, net proceeds amounted to approximately $14.4 million to support future growth. Operational highlights include initial orders from global partners in airport and energy sectors.
Actelis Networks, Inc. (NASDAQ: ASNS) will host a conference call on June 22, 2022, at 4:30 p.m. ET to discuss its financial results for the fiscal first quarter ending March 31, 2022. CEO Tuvia Barlev and CFO Yoav Efron will lead the discussion. Interested participants should dial in 10 minutes before the start time. The call will also be broadcast live and available for replay after 7:30 p.m. ET on the same day until June 29, 2022. For more information, visit www.actelis.com.
Actelis Networks (NASDAQ: ASNS) announced the completion of its upsized initial public offering, selling 4,212,500 shares at $4.00 each, raising approximately $15.4 million in net proceeds. The funds will be allocated mainly towards research and development, sales and marketing, and working capital. Shares began trading on Nasdaq on May 13, 2022. Boustead Securities, LLC acted as the sole underwriter.
Actelis Networks, Inc. (NASDAQ:ASNS) announced the pricing of its initial public offering (IPO) of 3,750,000 shares at $4.00 each, aiming for total gross proceeds of $15 million. Boustead Securities, LLC serves as the sole underwriter. The shares are set to trade on the Nasdaq Capital Market starting May 13, 2022. Additionally, Boustead has a 45-day option to purchase an extra 562,500 shares. Proceeds from the offering will primarily support research and development, sales and marketing, and general corporate activities.
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