Actelis Networks (ASNS) The ThinkEquity Conference summary

Performance and recovery

• FY2025 revenue fell sharply vs. 2024, finishing below $4 million; H1 2026 revenue was $2.1 million, up 26% YoY, with bookings up 80%.

• Gross margin recovered to 51%; Q3 2026 results were pending, while a significant U.S. Marine Corps order was delivered in September.

• Restructuring and cost reductions are complete; go-to-market efforts are shifting to a more systematic and efficient approach.

Federal and market expansion

• Federal sales are shifting from sporadic projects to programmatic selling; a September order upgraded IP telephony across 65 U.S. Marine Corps buildings.

• Trials and discussions are underway for federal programs of record, with progress expected to become visible in 2027.

• Intelligent transportation deployments target cities of 100,000 to 1 million people; solutions connect road and city cameras, sensors, signs, and other systems.

• Hospitality is a new market, with multi-gigabit networking aimed at modernizing legacy hotel systems for streaming and digital guest experiences.

• A $12 billion FAA modernization budget is supporting pursuit of FAA projects; other cited deployments include Washington, D.C., Alaska, Air Force, and major U.S. carrier work.

Technology and positioning

• Products work across fiber, copper, coax, and hybrid networks, aiming for fiber-grade speed without costly recabling; features include encryption, resilience, low latency, and Power over Ethernet.

• FIPS compliance supports federal and critical-infrastructure opportunities; software updates add cyber hardening, while MetaShield monitors OT networks for anomalies and supports threat management and correction.

• Edge AI and cybersecurity were described as demand tailwinds; the speaker cited the EU Cyber Resilience Act’s 2027 compliance mandate and growing modernization needs.

• Competitors named included Cisco, Juniper, Extreme Networks, Ciena, Belden, Hirschmann, and Adtran; the speaker said hybrid-networking expertise differentiates the offering.

• Hardware and firmware are developed in-house, with components sourced from vendors; code scanning is conducted as often as weekly to identify vulnerabilities.