Actelis Networks, Inc.
- Open
- 0.05
- Day high
- 0.05
- Day low
- 0.04
- Prev close
- 0.04
- Volume
- 6K
- Mkt cap
- $40234
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.0
- P/S
- 0.0
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$16K over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions mixed (13F)
Actelis Networks, Inc. (ASNS) is a Technology company listed on NASDAQ. The stock is down 99% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
Actelis Networks, Inc. (ASNS) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ASNS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Mar 23, 2026 | $-0.39 | $-0.32 | +17.9% | $1M | +90.3% |
| Nov 14, 2025 | $-1.30 | $-1.70 | -30.8% | $643000 | -57.1% |
| Aug 14, 2025 | $-0.16 | $-0.21 | -31.2% | $941000 | -37.3% |
| Mar 24, 2025 | $-0.02 | $-0.26 | -1200.0% | $1M | -57.5% |
| Nov 14, 2024 | — | $-0.09 | — | $3M | — |
| Aug 14, 2024 | — | $0.01 | — | $3M | — |
| Nov 14, 2023 | — | $-0.32 | — | $845000 | — |
| Aug 24, 2023 | — | $-0.68 | — | $2M | — |
| May 12, 2023 | — | $-1.09 | — | $2M | — |
| Nov 11, 2022 | — | $-1.30 | — | $1M | — |
| Aug 11, 2022 | — | $-1.70 | — | $3M | — |
| Jun 22, 2022 | — | $-22.60 | — | $2M | — |
ASNS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 27, 2026 | White Lion Capital LLC10 percent owner | Sell | 130,112 | $0.07 |
| Jul 27, 2026 | White Lion Capital LLC10 percent owner | Sell | 80,449 | $0.07 |
| May 20, 2026 | Barlev Tuviaofficer: CEO | Sell | 13,801 | $0.08 |
| Nov 6, 2025 | Winkler-Solomon Michalofficer: Vice President Marketing | Grant | 30,000 | — |
| Nov 6, 2025 | Domanovitz Eladofficer: Chief Technology Officer | Grant | 30,000 | — |
| Nov 6, 2025 | Aharon Eyalofficer: Vice President R&D | Grant | 30,000 | — |
| Nov 6, 2025 | Barlev Tuviaofficer: CEO | Grant | 694,444 | — |
| Nov 6, 2025 | Marks Gideondirector | Grant | 138,889 | — |
| Nov 6, 2025 | Altit Yaronofficer: Exec VP International Sales | Grant | 30,000 | — |
| Nov 6, 2025 | RANSOM MAURICE NIELdirector | Grant | 138,889 | — |
| Nov 6, 2025 | DeVol Markofficer: CRO Americas | Grant | 100,000 | — |
| Nov 6, 2025 | Kabir Hemiofficer: Vice President Operations | Grant | 30,000 | — |
| Nov 6, 2025 | Efron Yoavofficer: CFO and Deputy CEO | Grant | 138,889 | — |
| Nov 6, 2025 | Kunstler Julie Annedirector | Grant | 138,889 | — |
| Apr 2, 2024 | Barlev Tuviadirector, officer: CEO and Chairman of the Board | Sell | 8,965 | $1.11 |
Source: ASNS SEC Form 4 filings, latest Jul 27, 2026. For informational purposes only — not investment advice.
See the full ASNS insider & 13F page →Actelis Networks, Inc. company profile
Overview
Actelis Networks, Inc. (NASDAQ:ASNS) is a networking solutions company founded in 1998 and headquartered in Fremont, California. The company went public in May 2022 and specializes in designing, developing, manufacturing, and marketing networking infrastructure solutions primarily for Internet of Things (IoT) applications and telecommunications companies. Actelis serves customers across North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific region, focusing on mission-critical connectivity solutions for various industrial and government sectors.
Business
Actelis Networks operates in the communication equipment industry, providing specialized networking infrastructure solutions that enable connectivity over existing copper wire infrastructure. The company's core technology revolves around hybrid fiber-copper networking solutions that allow organizations to extend high-speed internet connectivity without the costly infrastructure overhaul typically required for full fiber optic installations. The company's product portfolio includes several key categories. Ethernet access devices serve as the foundation of their offerings, enabling high-speed data transmission over existing copper telephone lines. These devices essentially transform legacy copper infrastructure into modern broadband networks. Aggregation switches help consolidate multiple network connections into a single, manageable system. The company also manufactures broadband amplifiers and repeaters that boost signal strength over long distances, ensuring reliable connectivity across extended networks. Beyond hardware, Actelis provides element management systems software that allows customers to monitor, configure, and manage their network infrastructure remotely. This software component is increasingly important as the company expands into cybersecurity solutions with their new MetaShield offering, an AI-driven Software-as-a-Service (SaaS) cyber protection solution. The company operates primarily through three strategic market segments. The Federal/Military sector has shown the strongest growth, with 150% year-over-year increase in new orders, representing a significant portion of their revenue growth. The Smart City and Transportation segment focuses on intelligent traffic systems, airport connectivity, and municipal infrastructure projects. The Multi-Dwelling Units (MDU) segment targets residential and commercial buildings requiring high-speed internet connectivity. While specific revenue breakdowns by segment are not disclosed, the federal/military sector appears to be the primary growth driver based on recent performance metrics.
Revenue model
Actelis Networks generates revenue through multiple business models centered around hardware sales and expanding service offerings. The primary revenue stream comes from product sales of networking equipment including ethernet access devices, switches, amplifiers, and repeaters. These are typically sold as complete solutions to enterprise customers, government agencies, and telecommunications providers who need to upgrade their network infrastructure. The company also generates revenue through professional services including consulting, troubleshooting, remote support, training, product repair, and software updates. This service component provides recurring revenue and higher margins compared to hardware sales. Additionally, Actelis is expanding into software licensing and SaaS subscriptions with their new MetaShield cybersecurity platform, which is expected to generate revenue starting in the second half of 2025. The company's customers are primarily B2B, including government agencies (particularly military and federal organizations), municipalities implementing smart city initiatives, telecommunications companies, educational institutions, industrial facilities, and property management companies overseeing multi-dwelling units. The federal/military sector has become increasingly important, with management noting that these customers often have longer sales cycles but provide larger, more stable contracts. Several factors influence Actelis's margins and profitability. Positive margin drivers include the company's focus on higher-margin software and services (which tripled in new orders year-over-year), economies of scale as production volumes increase, and the premium pricing their specialized solutions can command in niche markets like military applications. The company achieved a 55% gross margin in 2024, up from 34% in 2023, demonstrating improving operational efficiency. Margin pressures come from the competitive nature of the networking equipment industry, the need for continuous R&D investment to stay technologically relevant, and the "lumpy" nature of their business where large orders arrive unpredictably, making it difficult to optimize production and inventory levels. Additionally, the company faces currency exchange risks due to international operations and potential supply chain disruptions that could affect component costs.
Competitive moat
Actelis Networks operates in a highly competitive networking equipment industry with limited sustainable competitive advantages. The company's primary defensive position comes from its specialized expertise in hybrid fiber-copper solutions, which addresses a specific niche market need for organizations wanting to upgrade network performance without completely replacing existing copper infrastructure. The company has developed some technical moats through its proprietary technology and software platforms, particularly in extending high-speed connectivity over legacy copper lines. Their recent JITC (Joint Interoperability Test Command) cyber certification provides a regulatory moat for military applications, as this certification is required for defense contractors and creates barriers to entry for competitors. However, Actelis's competitive position is relatively weak overall. The networking equipment industry is dominated by much larger players like Cisco, Juniper Networks, and other established technology companies with significantly greater resources for R&D, marketing, and customer acquisition. These larger competitors can potentially replicate Actelis's solutions or develop superior alternatives. The company's customer relationships and domain expertise in specific vertical markets (federal/military, smart cities, transportation) provide some defensive value, as these sectors often prefer working with specialized vendors who understand their unique requirements. The complexity of their solutions and the mission-critical nature of the applications create some switching costs for customers. Potential disruption could come from several sources: larger networking companies developing competing hybrid solutions, the continued rollout of fiber optic infrastructure making hybrid solutions less necessary, cloud-based networking solutions that reduce the need for on-premises hardware, or new wireless technologies like 5G that could provide alternative connectivity solutions. The company's small size and limited financial resources make it vulnerable to being outcompeted or acquired by larger players seeking to enter their niche markets.
Risks & safety
Actelis Networks presents significant financial risks with limited margin of safety for investors. Cash burn and solvency concerns: • Operating cash flow: -$6.5 million in 2024, -$2.2 million in Q1 2025 • Free cash flow: -$6.6 million in 2024, -$2.2 million in Q1 2025 • Cash position: $2.0 million as of Q4 2024, declining to minimal levels by Q1 2025 • Current ratio: 1.51 in Q4 2024, deteriorating to 0.0 in Q1 2025 • Total liabilities: $5.2 million vs total assets of $8.2 million • Debt-to-equity ratio: 0.45, manageable but concerning given cash burn Valuation metrics: • Market cap: ~$6.4 million (extremely small) • Price-to-book: 1.50 (reasonable but declining asset base) • Enterprise value negative due to net cash position, but cash depleting rapidly • Revenue run-rate: ~$3-4 million annually based on recent quarters Other considerations: • Company explicitly stated they cannot commit to profitability in 2025 • "Lumpy" revenue pattern makes financial planning difficult • Management considering debt facilities to fund growth, which would increase leverage risk • Very small public float increases volatility and liquidity risks
Recent development
Over the past few years, Actelis Networks has undergone significant strategic repositioning to focus on higher-growth, higher-margin market segments. The company has shifted from a broad networking equipment provider to targeting three specific verticals: federal/military, smart city/transportation, and multi-dwelling units. The most significant development has been the company's expansion into the federal and military sector, which has become their primary growth driver. This pivot required obtaining JITC cyber certification, which they successfully achieved, enabling them to serve Navy, Army, and multiple military base deployments. This sector delivered 150% year-over-year growth in new orders and represents their most stable revenue source. Product innovation has been another key focus area. The company expanded their hybrid-fiber solution portfolio with new GigaLine product families (5,000, 6,000, and 7,000 series) designed to meet evolving customer needs. More significantly, they developed MetaShield, an AI-driven SaaS cybersecurity solution that represents their entry into the recurring revenue software market. This product is expected to begin generating revenue in the second half of 2025. The company has also been working to improve operational efficiency, successfully reducing operating expenses by 13% to $8 million in 2024 while simultaneously growing revenue by 38%. They've strengthened their go-to-market execution through expanded strategic partnerships and increased industry presence. Geographic expansion has included major deployments in Washington DC, Seattle, and European municipalities, with particular focus on transportation infrastructure projects like the Highways England NRTS project opportunities. However, management remains primarily focused on the US market, treating international deployments as extensions of their domestic operations rather than standalone growth initiatives.
ASNS company profile · for informational purposes only — not investment advice.
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