secwatch.observer — SEC 8-K summary
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Issuer:     ACTELIS NETWORKS INC (ASNS)
CIK:        0001141284
Form:       8-K
Filed at:   2026-05-14T20:59:31+00:00
Accession:  0001213900-26-056776
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Actelis Q1 revenue up 33% to $958k; net loss widens to $2.46M; gross margin drops to 25%
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- Revenue $958k (+33% YoY) driven by deliveries in US federal, ITS, and telecom; North America up 25%, EMEA up 27%.
- Net loss $2.46M ($0.16/share) vs $1.86M ($2.18/share) prior year; operating loss $1.86M vs $1.81M.
- Gross margin fell to 25% from 35% due to a low-margin ~$200k US deal and FX headwinds; management expects recovery.
- Cash $7.5M after raising $6.9M via ATM; $1M used for share repurchases; stock now trades on OTCQB following Nasdaq delisting.
- Binding term sheet to acquire Exaware Routing (all-stock) for entry into AI-driven data center networking.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141284/000121390026056776/0001213900-26-056776-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141284/000121390026056776/ea0290742-8k_actelis.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-056776

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