secwatch.observer — SEC 8-K summary
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Issuer:     ACTELIS NETWORKS INC (ASNS)
CIK:        0001141284
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001213900-24-043045
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Actelis Networks Q1 revenue falls 61% YoY to $0.73M; net loss widens to $2.0M
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- Revenue of $0.73M, down from $1.85M a year ago, due to delayed customer deliveries.
- Net loss of $2.0M compared to $1.9M in Q1 2023; adjusted EBITDA loss of $1.8M.
- Gross margin contracted to 30% from 37%; operating expenses down 20% to $2.09M.
- Secured $2.3M order from Washington D.C. Department of Transportation for smart city upgrades.
- CFO Yoav Efron promoted to Deputy CEO and CFO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141284/000121390024043045/0001213900-24-043045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141284/000121390024043045/ea020537001-8k_actelis.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-043045

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