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ASNS — Actelis Networks News Story

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Actelis Networks Q2 revenue rises, gross margin expands

Actelis Networks Q2 revenue rises, gross margin expands


Overview

  • US networking solutions provider's Q2 revenue rose 20% yr/yr, driven by software and services

  • Gross margin expanded to 51% in Q2, reflecting improved software and services mix

  • Company implemented cost-reduction and operational-efficiency actions amid its Nasdaq relisting efforts


Outlook

  • Company expects annualized cost savings of about $1 mln from recent efficiency initiatives

  • Actelis continues to pursue relisting on Nasdaq, advancing structural steps as market conditions allow


Result Drivers

  • SOFTWARE AND SERVICES MIX - Revenue growth and gross margin expansion attributed to improved software and services mix, including a large renewal from a North American carrier

  • COST REDUCTION MEASURES - Company executed cost-reduction and operational-efficiency initiatives, including facility downsizing and outsourcing certain functions

  • ITS AND GL800 MARKET EXPANSION - Continued expansion in Intelligent Transportation Systems markets and new orders for GL800 platform in Europe supported sales


Company press release: ID:nGNXbS9rzh


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

$1.13 mln

Q2 Net Loss

$1.39 mln

Q2 Adjusted EBITDA

-$1.5 mln

Q2 Gross Margin

51%


Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the construction & engineering peer group is "buy"

  • Wall Street's median 12-month price target for Actelis Networks Inc is $3.00, about 6,718.2% above its August 12 closing price of $0.04


Reuters Recommended Reads

  • Aug 12 - Cisco forecasts annual revenue above estimates on sustained AI spending

  • Aug 13 - Canada's Quarterhill Q2 revenue dips 1% as tolling activity slows

  • Aug 13 - Israel's SuperCom Q2 revenue rises to record on U.S. electronic monitoring growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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