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) reported its fiscal Q1 2024 results, showing a significant drop in revenue to $0.73 million from $1.85 million year-over-year, primarily due to delayed customer orders. Gross margin decreased to 30% from 37%, impacted by lower revenue and indirect costs. Net loss remained near parity at $2.0 million compared to $1.9 million in Q1 2023. Operating expenses were reduced by 20%, reflecting a strategic cost-reduction initiative.
Major recent highlights include winning a $2.3 million order from Washington D.C.’s Department of Transportation and implementing a hybrid-fiber solution in Bakersfield, CA. The company is progressing with trials for its GigaLine 800 and 900 solutions. Despite macroeconomic challenges, Actelis is focused on expanding its IoT and cyber-aware networking markets.
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.
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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