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Actelis Networks Inc (OQ:ASNS)

Business Focus: Construction & Engineering

Sector:  Industrials Industry:  Construction & Engineering
 
See Regulatory Filings on SEC
Company Contact
Address: 4039 Clipper Court
FREMONT CA 94538
Tel: N/A
Website: https://www.actelis.com
IR: See website
Key People
Tuvia Barlev
Chairman of the Board, Chief Executive Officer, Secretary
Yoav Efron
Deputy Chief Executive Officer, Chief Financial Officer
Yaron Altit
Executive Vice President - International Sales
Bret Harrison
Senior Vice President - Sales, North Americas
Elad Domanovitz
Chief Technology Officer
Hemi Kabir
Vice President - Operations
Michal Winkler-Solomon
Vice President - Marketing
Eyal Aharon
Vice President - Research & Development
 
Business Overview
Actelis Networks, Inc. provides cyber-hardened, rapid-deployment hybrid fiber networking solutions for wide-area Internet of things (IoT) applications including federal, state and local government, intelligent traffic systems (ITS), military, utility, rail, telecom and campus applications. The Company's portfolio capabilities include hybrid fiber, environmentally hardened aggregation switches, high density Ethernet devices, advanced management software and cyber-protection. It offers Triple-Shield protection of data delivered with coding, scrambling and encryption of the network traffic. It also provides secure, encrypted access to its network management software. In addition, its solutions can also provide power over existing copper and coax lines to remotely power up network elements and IoT components connected to them (like cameras, small cell and Wi-Fi base stations sensors and others). Its products include Gigaline 800/900/5000/6000 Series and MetaLight ML500/600/700/Series.
Financial Overview
For the fiscal year ended 31 December 2023, Actelis Networks Inc revenues decreased 37% to $5.6M. Net loss decreased 43% to $6.3M. Revenues reflect North America segment decrease of 42% to $2.5M, Europe & Middle East & Africa segment decrease of 37% to $2.5M. Lower net loss reflects Change in warrants fair value increase from $1M (expense) to $1.7M (income), Change in convertible note fair value decrease from $1.8M (expense) to $0K.