Actelis Networks (ASNS) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 68% YoY to $1.081M, the third consecutive quarter of YoY growth; gross margin increased to 40% from 28%, and net loss narrowed 37%.

• 9M revenue increased to $3.171M from $2.305M; net loss was $5.096M vs. $5.741M, and operating cash use was $4.559M.

• Cash, cash equivalents and restricted cash totaled $4.831M at Sept. 30; management cited substantial doubt about meeting obligations for at least one year.

Financial highlights

• Q3 revenue was $1.081M vs. $643K; gross profit was $431K vs. $183K, operating loss $1.478M vs. $1.929M, and net loss $1.247M vs. $1.980M.

• 9M gross profit was $1.245M vs. $739K; operating loss was $4.923M vs. $5.514M, and net loss was $5.096M vs. $5.741M.

• Q3 operating expenses were $1.909M vs. $2.112M; excluding $73K of prior-year government grant income, expenses declined 13%.

• Q3 Adjusted EBITDA loss was $1.406M vs. $1.821M; 9M loss was $4.706M vs. $5.236M.

• Q3 basic and diluted loss per share was $0.04 vs. $1.68; 9M loss per share was $0.21 vs. $5.84.

Outlook and guidance

• A new GL800 Gigabit-speed product is planned for Q4 2026 for transportation and smart-city applications.

• Management is pursuing federal, military, ITS, carrier, cyber-hardened software and services, hospitality and professional AV opportunities; it is also targeting cyber- and AI-focused M&A.

• Cost reductions and growth investments aim to move operations toward break-even; projections depend on revenue growth, margin improvement and expense control, with no assurance of sufficient revenue or financing.

• Nasdaq relisting is a strategic priority; the Board may decide by April 2027 whether and when to implement the approved 1-for-10 to 1-for-25 reverse split.