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. |