secwatch.observer — SEC 8-K summary
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Issuer:     ACTELIS NETWORKS INC (ASNS)
CIK:        0001141284
Form:       8-K
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0001213900-24-026084
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141284/000121390024026084/0001213900-24-026084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141284/000121390024026084/ea0202522-8k_actelis.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-026084

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