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 develops hybrid fiber-copper networking solutions for telecommunications carriers and enterprise customers. The company's news flow typically centers on customer contract announcements, product launches, and regulatory compliance matters affecting small-cap NASDAQ-listed technology companies.
Given Actelis' focus on telecommunications infrastructure equipment, news coverage frequently involves order announcements from service providers deploying the company's broadband solutions, partnership formations with technology vendors or system integrators, and product releases introducing enhanced networking capabilities. The company operates in a market where individual customer contracts represent material business developments worthy of disclosure.
For investors tracking ASNS, news monitoring provides insight into customer adoption patterns across different market segments including carrier networks, enterprise connectivity, and government infrastructure projects. Developments related to exchange listing compliance, financing activities, and strategic partnerships offer visibility into the company's operational trajectory and capital structure. Product announcements reveal the company's technology roadmap and competitive positioning within the specialized hybrid networking equipment market.
This news page aggregates announcements, regulatory filings, and material developments affecting Actelis Networks, providing a centralized resource for monitoring the company's business activities, market traction, and corporate events. Investors analyzing micro-cap telecommunications equipment manufacturers benefit from tracking the frequency and nature of customer wins, the geographic distribution of deployments, and management commentary on market conditions.
Actelis Networks, Inc. (NASDAQ: ASNS) announced a 1-for-10 reverse stock split effective April 18, 2023, to comply with the Nasdaq minimum bid requirement of $1.00 per share under Listing Rule 5550(a)(2). This action is aimed at maintaining the Company's listing on the Nasdaq Global Capital Market. Trading under the adjusted basis began on April 19, 2023. The reverse stock split will affect all shareholders proportionally, with no change to their percentage ownership of the Common Stock. Actelis Networks specializes in cyber-hardened networking solutions for IoT applications across various sectors, including government and utilities.
Actelis Networks, Inc. (NASDAQ:ASNS) announced a significant deployment of its Hybrid Fiber-Copper switches in West Sacramento, CA, to enhance the city's traffic signal network. This project, which involves a partnership with Econolite, aims to improve traffic management amid the city's 68% population growth since 2000. The advanced traffic solution utilizes existing infrastructure, allowing for rapid deployment and efficient connectivity at a lower cost compared to new fiber installations. The initiative has already demonstrated success in reducing traffic delays and improving emergency response times. Actelis' technology is poised to further boost operational efficiency for city staff.
Actelis Networks (ASNS) reported a 3.3% increase in total revenue for FY 2022, reaching $8.8 million, driven by a 31% growth in IoT customer sales. Operating expenses rose significantly from $5.8 million in 2021 to $10.2 million in 2022, mainly due to public company costs. The net loss expanded to $11.0 million from $5.3 million year-over-year. Despite these hurdles, the gross margin held steady at 47%. The company appointed Tzachy Givaty as Regional VP for Asia-Pacific, aiming to enhance market presence. Notably, Actelis engaged with SITA and the City of San Jose for major contracts, indicating positive market traction.
Actelis Networks, Inc. (NASDAQ: ASNS) announced a conference call on March 29, 2023, at 4:30 p.m. Eastern to discuss its financial results for the fiscal year ending December 31, 2022. CEO Tuvia Barlev and CFO Yoav Efron will host the call where they will address the company's performance and outlook. Interested investors can join via toll-free U.S. dial-in at (800) 715-9871 or international dial-in at +1(646) 307-1963, using Conference ID: 5824707. A replay will be available until April 5, 2023. Actelis is a leader in rapid-deployment networking solutions for IoT applications, providing essential networking for various sectors including military, telecom, and government.
Actelis Networks announced the appointment of Tzachy Givaty as Regional Vice President for Asia-Pacific to drive business development in IoT connectivity solutions.
With over 20 years of experience in sales and business development, Givaty previously expanded market presence at First Point Mobile Guard.
His expertise aligns with Actelis' focus on enhancing IoT networking and cybersecurity, particularly for smart city and governmental projects.
This leadership change is aimed at bolstering Actelis’ international strategy and responding to the growing demand for reliable IoT solutions.
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