secwatch.observer — SEC 8-K summary
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Issuer:     ACTELIS NETWORKS INC (ASNS)
CIK:        0001141284
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001213900-22-071536
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141284/000121390022071536/0001213900-22-071536-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141284/000121390022071536/ea168213-8k_actelisnet.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-071536

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer