Actelis FY2023 revenue $5.6M, down 36% YoY; net loss narrows to $6.3M from $11M

ACTELIS NETWORKS INC

Full-year revenue $5.6M vs $8.8M; IoT sales grew to 77% of mix while Telco revenue fell.
Gross margin 34% vs 47% prior year; operating loss widened to $7.4M from $6.1M.
Adjusted EBITDA loss $6.1M vs $4.1M; operating expenses cut 9% to $9.3M.
DoD Information Network added Actelis’ products to approved list in Jan 2024; NIST FIPS 140-2 certified.
Signed distribution deals with Netceed and Carahsoft; multiple IoT customer wins in ITS, rail, energy.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ACTELIS NETWORKS INC reported the fiscal full year 2023 ended December 31, 2023 results: revenue $5.6 million, net income $6.3 million.

Period: the fiscal full year 2023 ended December 31, 2023
Revenue: $5.6 million
Net income: $6.3 million
Result: reported results

Exact text from the filing

Total revenue was $5.6 million for the full year 2023, compared to $8.8 million in the prior year.

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Source: SEC EDGAR

accession 0001213900-24-026084

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