Actelis Networks Q3 net loss $2.2M, nine-month loss $8.5M vs $1.9M prior year

ACTELIS NETWORKS INC

2022-Q3 EPS reported -$0.88 revenue$6,297,000

Q3 revenue $1.35M vs $1.4M YoY; nine-month revenue $6.3M, up 5% YoY.
Non-GAAP adjusted EBITDA loss of $1.7M in Q3 vs $0.8M loss in 2021; nine-month loss $2.6M.
Hired Sean Renn as Global VP Marketing and Michael Mercier as Director of ITS Sales.
Backlog of $3.9M as of Sep 30, 2022; 84% from IoT customers.
Financial expenses for nine months surged to $4.4M due to fair value changes on convertible instruments.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ACTELIS NETWORKS INC reported the fiscal third quarter ended September 30, 2022 results: revenue $1.35 million.

Period: the fiscal third quarter ended September 30, 2022
Revenue: $1.35 million
Result: reported results

Exact text from the filing

Revenues for the three months ended September 30, 2022, amounted to $1.35 million, compared to $1.4 million for the three months ended September 30, 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ACTELIS NETWORKS INC reported the first nine months ended September 30, 2022 results: revenue $6.3 million.

Period: the first nine months ended September 30, 2022
Revenue: $6.3 million
Result: reported results

Exact text from the filing

Revenues for the nine months ended September 30, 2022, amounted to $6.3 million, compared to $6.0 million for the nine months ended September 30, 2021.

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

ACTELIS NETWORKS INC filing history →

Source: SEC EDGAR

accession 0001213900-22-071536

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