Actelis Networks FY 2024 revenue up 38% to $7.8M; net loss narrows 30%

ACTELIS NETWORKS INC

Revenue $7.8M vs $5.6M in 2023; gross margin improved to 55% from 34%.
Net loss $4.4M ($0.85 per share) vs $6.3M ($2.57 per share) prior year; loss per share down 67%.
Non-GAAP EBITDA loss narrowed to $3.5M from $6.1M; operating expenses fell 13%.
Nearly debt-free with only $0.77M bank credit line remaining; federal/military new orders up 150%.
New board members Julie Kunstler and Dr. Niel Ransom appointed.

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