---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-038738"
form_type: "8-K"
ticker: "ASNS"
cik: "0001141284"
company_name: "ACTELIS NETWORKS INC"
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T02:12:33.268834+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Actelis Networks Q1 revenue $1.85M, net loss narrows to $1.9M; launches expense reduction plan

## Summary
- Revenue $1.85M, down 1.1% YoY; gross margin improved to 37% from 31%.
- Net loss improved 59% YoY to $1.9M; non-GAAP adjusted EBITDA loss widened to $1.6M from $1.0M.
- Launched expense reduction program targeting ~15% of 2022 operating expenses on annualized basis.
- Closed $3.5M private placement (944,670 shares + warrants) to support growth and reduce cash burn.
- Received ~$210K in new orders from nine airports under SITA contract; continues FIPS certification.

## SEC filing metadata
- accession: 0001213900-23-038738
- form_type: 8-K
- ticker: ASNS
- cik: 0001141284
- company_name: ACTELIS NETWORKS INC
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1141284/000121390023038738/0001213900-23-038738-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1141284/000121390023038738/ea178471-8k_actelis.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-038738
- JSON: https://secwatch.observer/filing/0001213900-23-038738.json
- Plain text: https://secwatch.observer/filing/0001213900-23-038738.txt

## Key facts
- Earnings Releases
  ACTELIS NETWORKS INC reported fiscal first quarter ended March 31, 2023 results: revenue $1.85 million, net income $1.9 million (net loss).
  - Period: fiscal first quarter ended March 31, 2023
  - Revenue: $1.85 million
  - Net income: $1.9 million (net loss)
  - Result: reported results
  source text: today reported financial results for the fiscal first quarter ended March 31, 2023. First Quarter 2023 Financial Highlights: ● Revenue decreased 1.1% year-over-year to $1.85 million for the first quarter ended March 31, 2023, due to a logistical and regulatory delay in product delivery to a first-time customer destination. ● Gross Margin increased to 37%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1141284/000121390023038738/0001213900-23-038738-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.