Actelis Networks (ASNS) Q2 2026 earnings summary

Executive summary

• Revenues for the six months ended June 30, 2026, increased 26% year-over-year to $2.1 million, with Q2 2026 revenue up 20% to $1.1 million, driven by expanded sales in North America and EMEA, including a renewal order from a large U.S. carrier.

• Net loss for the six months was $3.8 million (flat YoY), with Q2 2026 net loss improving to $1.4 million ($0.05/share) from $1.9 million ($2.08/share) in Q2 2025, as higher sales and gross margin were offset by FX and warrant-related expenses.

• The company was delisted from Nasdaq in April 2026 due to non-compliance with minimum bid price requirements and now trades on the OTCQB Venture Market.

• Significant new wins in Intelligent Transportation Systems, U.S. carriers, and multi-dwelling unit markets, with ongoing operational efficiencies and cost reductions.

Financial highlights

• Gross profit for the six months rose to $814,000 from $556,000 YoY, with Q2 2026 gross margin expanding to 51% from 32% in Q2 2025 and gross profit of $0.6 million.

• Operating loss for the six months was $3.4 million, down from $3.6 million YoY; Q2 2026 operating loss narrowed to $1.6 million from $1.8 million YoY.

• Adjusted EBITDA for the six months was negative $3.3 million, an improvement from negative $3.5 million YoY; Q2 2026 adjusted EBITDA loss was $1.5 million (vs. $1.7 million Q2 2025).

• Cash, cash equivalents, and restricted cash totaled $5.8 million as of June 30, 2026, up from $0.7 million a year earlier, mainly due to equity financing.

Outlook and guidance

• Management expects to fund operations using cash on hand, operational cash flows, and additional equity or debt financing, but substantial doubt exists about the ability to continue as a going concern for at least one year.

• Strategic steps underway to support potential relisting on Nasdaq, including authorized reverse stock split and amended $30M equity line of credit.

• Focus remains on expanding partner network, federal/military modernization, and recurring software/services revenue.