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Actelis Networks, Inc. (ASNS)
NASDAQ:ASNS
US Market

Actelis Networks, Inc. (ASNS) AI Stock Analysis

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ASNS

Actelis Networks, Inc.

(NASDAQ:ASNS)

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Underperform 40 (OpenAI - 5.2)
,
Underperform 40 (OpenAI - 5.2)
,
Underperform 40 (OpenAI - 5.2)
,
Underperform 40 (OpenAI - 5.2)
,
Underperform 40 (OpenAI - 5.2)
Rating:40Underperform
Price Target:
$0.26
â–¼(-44.13% Downside)
Action:DowngradedDate:03/19/26
The score is primarily constrained by weak financial performance (recurring operating losses and sustained cash burn despite improved leverage) and bearish technicals (price below key moving averages with negative MACD). Corporate events add material uncertainty due to Nasdaq delisting risk, while valuation inputs provided do not offer clear support.
Positive Factors
Trusted federal partner (FAA deployment)
Delivery of a ~$0.5M FAA networking order ties Actelis to a multi-year, federally funded modernization program. Winning and completing sensitive federal projects demonstrates procurement credibility, long procurement cycles and multi-year budgets that can provide durable, repeatable revenue streams and referenceability.
Proprietary hybrid fiber–copper technology
Actelis's hybrid fiber–copper, cyber-hardened solutions enable fiber-like performance without full fiber builds. That capability reduces customer capex and deployment time, creating a structural advantage in infrastructure modernization markets where operators prefer lower‑cost incremental upgrades over costly fiber rollouts.
Validated demand via follow-on and sector orders
Follow-on orders from a major U.S. carrier and expansion orders in energy/transport indicate product-market fit. Recurring expansions validate field performance and build a growing addressable pipeline, supported by regulatory pushes (e.g., FCC copper retirements) that create a multiyear structural tailwind for upgrades.
Negative Factors
Persistent negative cash flow
Consistent annual negative operating and free cash flow means the business consumes capital to operate and cannot self-fund growth. Over a multi-month horizon this elevates refinancing and dilution risk, constrains investments in sales and R&D, and limits the company's ability to scale or absorb project timing variability.
Highly volatile and declining revenue
Large swings and a sharp full‑year revenue decline reduce predictability of margins and cash generation. Volatility reflects dependence on lumpy projects and delayed deployments, making it harder to achieve scale economies or sustain gross margins over time and complicating multi‑period planning and customer diversification.
Listing and financing uncertainty
A formal Nasdaq delisting notice (and ineligibility for a grace period) creates material structural risk: potential loss of exchange listing harms liquidity and investor access, while governance issues (adjourned shareholder meeting limiting equity draws) constrain long‑term capital availability and raise execution risk for strategic plans.

Actelis Networks, Inc. (ASNS) vs. SPDR S&P 500 ETF (SPY)

Actelis Networks, Inc. Business Overview & Revenue Model

Company DescriptionActelis Networks, Inc., a networking solutions company, designs, develops, manufactures, and markets networking solutions for Internet of Things and telecommunication companies in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It offers ethernet access devices, aggregation switches, broadband amplifiers, and repeaters, as well as element management systems software. The company also provides consulting, troubleshooting, remote support, training, product repairing, and software update services. It serves the intelligent traffic systems, education and industrial campus, airport, smart city, rail, military, energy, oil and gas, and water sectors. The company was founded in 1998 and is based in Fremont, California.
How the Company Makes MoneyActelis generates revenue primarily by selling its networking hardware (network access/aggregation equipment that enables high-speed connectivity over existing copper and hybrid fiber-copper architectures) to customers deploying or upgrading access networks. Revenue is also derived from software/management capabilities tied to operating and monitoring deployed networks, and from associated services such as deployment support, maintenance, and technical support, where applicable. The company’s earnings are influenced by customer infrastructure upgrade cycles and project-based deployments (e.g., large rollouts by telecom operators or government/municipal infrastructure projects). Specific details on the exact mix of product vs. software vs. services revenue and named significant partnerships are null.

Actelis Networks, Inc. Earnings Call Summary

Earnings Call Date:Mar 24, 2025
(Q4-2024)
|
% Change Since: |
Next Earnings Date:May 19, 2026
Earnings Call Sentiment Positive
Actelis Networks reported strong financial improvements in 2024 with significant revenue and margin growth, reduction in losses, and success in key markets, particularly in federal/military sectors. However, challenges such as sequential revenue decline in Q4 and cash position concerns persist. The company is optimistic about its growth prospects, focusing on strategic partnerships and operational efficiency improvements.
Q4-2024 Updates
Positive Updates
Substantial Revenue Growth
Actelis Networks achieved a 38% year-over-year revenue growth, reaching $7.8 million in 2024, driven by a 134% increase in North American revenues.
Impressive Gross Margin Improvement
The company's gross margin improved dramatically by 125%, reaching 55% for the full year, up from 34% in 2023.
Reduction in Loss Per Share
Actelis Networks reduced its loss per share by 67%, signaling significant progress towards profitability.
Federal/Military Sector Growth
The company achieved 150% year-over-year growth in new orders in the federal/military sector, with increasing adoption across military bases and federal agencies.
Expansion in Key Markets
Actelis Networks tripled its software and services new orders, and its GigaLine 900 solution gained significant traction in North America and globally.
Negative Updates
Sequential Revenue Decline in Q4
There was a sequential decline in revenue from Q3 to Q4 of 2024, attributed to the lumpiness in order timing and unpredictability of large orders.
Cash Position and Debt Concerns
Cash, cash equivalents, and restricted cash decreased to $2.3 million by year-end, with the company considering potential equity raises and debt facilities to support growth.
Company Guidance
During Actelis Networks' 2024 Annual Results Conference Call, CEO Tuvia Barlev highlighted significant financial improvements, including a 38% revenue growth, 125% gross margin improvement, and a 67% reduction in loss per share. The company achieved 150% year-over-year growth in new orders in the federal/military sector and tripled new software and services orders. Actelis' strategic initiatives for 2025 include the introduction of their MetaShield SaaS offering, strengthening go-to-market execution, and focusing on operational efficiency. Actelis also emphasized its nearly debt-free status and a 13% reduction in operating expenses, with plans to moderate debt to fund growth initiatives. The company plans to leverage its GigaLine product families and MetaShield solution to drive continued growth across federal, IoT, and MDU markets by integrating cybersecurity with network management.

Actelis Networks, Inc. Financial Statement Overview

Summary
Overall fundamentals are weak: revenue and gross margin have been highly volatile, EBIT/EBITDA remain deeply negative, and operating/free cash flow are consistently negative (persistent cash burn). Balance-sheet leverage has improved materially by 2025, but prior stress and continued negative returns keep the financial profile high-risk.
Income Statement
22
Negative
Revenue has been volatile (down in 2023, up in 2024, then sharply lower in 2025), which limits confidence in the growth trajectory. Gross margin has swung meaningfully (strong in 2024 but much weaker again in 2025), suggesting inconsistent pricing power and/or cost structure. Profitability remains a key issue: EBIT/EBITDA are deeply negative across the period, indicating the core business is not yet operating at scale. A notable data-quality flag is 2025 showing net income at 0 despite a large operating loss, so reported bottom-line performance should be interpreted cautiously.
Balance Sheet
45
Neutral
Leverage has improved materially versus 2022–2023: debt-to-equity fell from very elevated levels in 2023 to a modest level by 2025, and total debt is low relative to equity in 2025. However, the company has a history of weak/negative equity (2020–2021) and extremely high leverage in 2023, highlighting prior balance-sheet stress. Return on equity is negative in years with reported losses (and appears distorted in some years when equity was negative or when net income is reported as zero), so underlying returns remain a concern despite the healthier recent capital structure.
Cash Flow
18
Very Negative
Cash generation is consistently weak: operating cash flow and free cash flow are negative every year shown, including large outflows in 2022–2025. This indicates the business is consuming cash to fund operations and investment rather than self-funding. While free cash flow losses narrowed in some periods, the overall pattern remains persistent cash burn, elevating financing risk if the company must rely on external capital to bridge to profitability.
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue3.67M7.76M5.61M8.83M8.54M
Gross Profit1.22M4.27M1.90M4.11M3.97M
EBITDA-7.18M-3.73M-5.49M-10.13M-4.52M
Net Income0.00-4.37M-6.29M-10.98M-5.25M
Balance Sheet
Total Assets0.008.22M11.22M14.82M4.68M
Cash, Cash Equivalents and Short-Term Investments0.001.97M817.00K5.57M693.00K
Total Debt537.00K1.34M5.39M6.54M11.14M
Total Liabilities4.73M5.24M10.84M11.55M18.70M
Stockholders Equity4.80M2.98M388.00K3.27M-14.01M
Cash Flow
Free Cash Flow-7.70M-6.55M-6.59M-7.77M-2.78M
Operating Cash Flow-7.69M-6.55M-6.58M-7.77M-2.73M
Investing Cash Flow-8.00K197.00K3.82M-4.03M-54.00K
Financing Cash Flow9.80M3.09M3.76M15.29M2.90M

Actelis Networks, Inc. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.46
Price Trends
50DMA
0.37
Negative
100DMA
1.69
Negative
200DMA
3.53
Negative
Market Momentum
MACD
-0.02
Negative
RSI
43.61
Neutral
STOCH
6.29
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASNS, the sentiment is Negative. The current price of 0.46 is above the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.37, and below the 200-day MA of 3.53, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 43.61 is Neutral, neither overbought nor oversold. The STOCH value of 6.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ASNS.

Actelis Networks, Inc. Risk Analysis

Actelis Networks, Inc. disclosed 54 risk factors in its most recent earnings report. Actelis Networks, Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Actelis Networks, Inc. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
57
Neutral
$61.56M-27.50-3.58%―9.55%65.17%
50
Neutral
$23.11M-3.43-13.41%―-34.53%-50.58%
50
Neutral
$46.82M-7.48-21.76%―-1.53%55.08%
48
Neutral
$100.61M―-122.91%―-1.89%76.61%
41
Neutral
$38.69M-0.39――――
40
Underperform
$2.38M―-260.09%―-56.36%32.37%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ASNS
Actelis Networks, Inc.
0.27
-11.03
-97.60%
CMTL
Comtech Telecommunications
3.39
1.46
75.65%
OCC
Optical Cable
6.97
3.60
106.82%
UTSI
UTStarcom
2.44
0.04
1.67%
AIRG
Airgain
3.83
-0.32
-7.71%
CMBM
Cambium Networks
1.37
0.61
80.26%

Actelis Networks, Inc. Corporate Events

Business Operations and StrategyStock BuybackFinancial Disclosures
Actelis Expands Share Buyback Amid Mixed 2025 Results
Negative
Mar 18, 2026

Actelis Networks, Inc., a provider of cyber-hardened networking solutions for IoT and broadband, operates across federal, defense, transportation, utilities, telecom and multi-dwelling unit markets, with products that enable rapid, secure infrastructure upgrades and new cyber monitoring services. The company’s technology and sector focus place it at the nexus of AI-driven bandwidth growth, U.S. government-funded modernization programs, and tightening cybersecurity standards for critical networks.

On March 18, 2026, Actelis’ board expanded its previously authorized share repurchase program from $1.0 million to $1.5 million, after the company had bought back $50,000 of stock, allowing discretionary open-market and private purchases that could support the share price and signal confidence but can be altered or halted at any time. Also on March 18, 2026, the company reported 2025 results, showing a sharp 113% sequential rebound in fourth-quarter revenue to about $1.4 million and improved gross margins, but full-year revenue fell to $3.7 million from $7.8 million in 2024 and net loss widened to $8.3 million amid delayed projects, a prolonged U.S. government shutdown and currency headwinds.

Management highlighted growing traction in intelligent transportation, federal and defense, and carrier markets, citing deployments in U.S. cities, Japanese transport projects, U.S. military bases, Federal Aviation Authority initiatives, and with European and U.S. telecom operators. Despite ongoing operating losses, the company continued to execute a cost-reduction plan, completed its MDU product family, launched a new cyber vulnerability monitoring service and expanded its federal sales capabilities, positioning itself to capture larger modernization programs even as investors weigh execution risk and the impact of long procurement cycles on near-term financial performance.

The most recent analyst rating on (ASNS) stock is a Hold with a $0.46 price target. To see the full list of analyst forecasts on Actelis Networks, Inc. stock, see the ASNS Stock Forecast page.

Delistings and Listing ChangesRegulatory Filings and Compliance
Actelis Networks Requests Nasdaq Hearing to Avert Delisting
Negative
Feb 11, 2026

On February 4, 2026, Actelis Networks, Inc. disclosed that it had received a notice from Nasdaq stating that its securities were subject to delisting from the Nasdaq Capital Market, after the company’s common stock failed to maintain a minimum bid price of $1.00 per share for 30 consecutive business days, in violation of Nasdaq Listing Rule 5550(a)(2). On February 11, 2026, the company requested a hearing before a Nasdaq Hearing Panel, which temporarily stayed any suspension or delisting action while it prepares and presents a plan to regain compliance, though it cautioned there is no assurance it will succeed in meeting Nasdaq’s bid price or other continued listing requirements.

The most recent analyst rating on (ASNS) stock is a Hold with a $0.46 price target. To see the full list of analyst forecasts on Actelis Networks, Inc. stock, see the ASNS Stock Forecast page.

Delistings and Listing ChangesRegulatory Filings and ComplianceStock Split
Actelis Networks Faces Nasdaq Delisting, Plans Appeal Hearing
Negative
Feb 6, 2026

On February 4, 2026, Actelis Networks, Inc. received a written notice from the Nasdaq Listing Qualifications Department stating that Nasdaq staff had determined to delist the company’s securities from The Nasdaq Capital Market after its common stock failed to maintain the required minimum bid price of $1.00 per share for 30 consecutive business days, in violation of Nasdaq Listing Rule 5550(a)(2). Because Actelis had already carried out a 1-for-10 reverse stock split on November 18, 2025, the company is not eligible for the usual 180-day grace period and faces immediate delisting under Nasdaq Listing Rule 5810(c)(3)(A)(iv); the company plans to request a hearing before an independent Nasdaq Hearings Panel, a step that would temporarily stay any suspension or delisting and is likely to heighten uncertainty for shareholders and other stakeholders regarding its continued listing status.

The most recent analyst rating on (ASNS) stock is a Hold with a $0.46 price target. To see the full list of analyst forecasts on Actelis Networks, Inc. stock, see the ASNS Stock Forecast page.

Business Operations and Strategy
Actelis Expands European Gas Pipeline Connectivity Contract
Positive
Jan 30, 2026

On January 30, 2026, Actelis Networks announced it had received an approximately $150,000 expansion order from a major European natural gas transmission system operator, following an initial deployment that began in October 2023. The follow-on contract, executed with support from German partner denk-stein:net GmbH, will extend Actelis’ cyber- and temperature-hardened, hybrid fiber-copper connectivity across a high-pressure gas pipeline network spanning thousands of kilometers, enabling fiber-grade communications over existing infrastructure to support real-time monitoring, quality control and maintenance in remote locations. By enhancing protection against growing cyber threats through end-to-end encryption and rapid deployment without costly, time-consuming fiber-only construction, the deal underscores Actelis’ strengthening position in the critical energy infrastructure and homeland security markets and highlights rising industry demand for secure, modernized monitoring systems across Europe’s energy sector.

The most recent analyst rating on (ASNS) stock is a Sell with a $0.43 price target. To see the full list of analyst forecasts on Actelis Networks, Inc. stock, see the ASNS Stock Forecast page.

Private Placements and FinancingShareholder Meetings
Actelis Networks Adjourns Special Meeting After Lacking Quorum
Negative
Jan 29, 2026

On January 29, 2026, Actelis Networks, Inc. held a special meeting of stockholders at which 479,098 shares of common stock were represented, but this attendance failed to meet the one-third quorum requirement under the company’s bylaws, preventing any vote and forcing adjournment of the meeting. The sole purpose of the meeting had been to obtain shareholder approval to issue common stock in excess of the 19.99% exchange cap set in the company’s equity line of credit purchase agreement with White Lion Capital LLC, and because the quorum was not achieved, the company remains unable to issue additional shares under that agreement beyond the cap and is now obligated to call another shareholder meeting within 90 days to seek the required approval, potentially delaying its access to further equity financing under the arrangement.

The most recent analyst rating on (ASNS) stock is a Hold with a $0.46 price target. To see the full list of analyst forecasts on Actelis Networks, Inc. stock, see the ASNS Stock Forecast page.

Business Operations and Strategy
Actelis Networks Secures Follow-On T1 Modernization Orders
Positive
Jan 29, 2026

On January 29, 2026, Actelis Networks announced it had received approximately $200,000 in follow-on orders from a major U.S. telecommunications carrier operating in more than 20 states, expanding a legacy T1-to-fiber modernization deployment first disclosed in December 2025. The new orders, which build on several hundred MetaLIGHT 650SV units already supplied, broaden the deployment’s scope by leveraging the platform’s point-to-point and point-to-multipoint capabilities, and come on the heels of recent project updates including a strategic FAA deployment and infrastructure modernization work with the City of Chino, California. With the carrier’s network featuring hundreds of thousands of additional potential upgrade points and the Federal Communications Commission pushing faster retirement of copper networks, the deal underscores a substantial multi-year growth opportunity for Actelis and reinforces its positioning as a key provider of cost-effective T1 modernization solutions in a tightening regulatory and competitive landscape.

The most recent analyst rating on (ASNS) stock is a Hold with a $0.46 price target. To see the full list of analyst forecasts on Actelis Networks, Inc. stock, see the ASNS Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Actelis Completes FAA Networking Order, Bolstering Q4 Results
Positive
Jan 15, 2026

On January 15, 2026, Actelis Networks announced that it had completed in the fourth quarter of 2025 the delivery of an approximately $0.5 million order from the U.S. Federal Aviation Administration for advanced hybrid-fiber networking solutions supporting critical air traffic control infrastructure, a project tied to the FAA’s multi-billion-dollar modernization drive funded by a $12.5 billion congressional package approved in July 2025. The deployment of Actelis’ MACsec-encrypted, cyber-hardened networking technology over existing copper, coaxial and fiber lines enabled the FAA to upgrade systems quickly while avoiding the downtime and costs of fiber-only builds, a performance that the company says will meaningfully bolster its fourth-quarter results, strengthens its position as a trusted partner for federal infrastructure modernization, and further anchors its role in the FAA’s ongoing multi-year overhaul amid heightened concern over reliable, cyber-secure aviation communications.

The most recent analyst rating on (ASNS) stock is a Sell with a $0.45 price target. To see the full list of analyst forecasts on Actelis Networks, Inc. stock, see the ASNS Stock Forecast page.

Private Placements and FinancingRegulatory Filings and Compliance
Actelis Networks Expands At-the-Market Equity Offering Capacity
Neutral
Jan 9, 2026

On January 9, 2026, Actelis Networks, Inc. filed an updated prospectus supplement with the U.S. Securities and Exchange Commission to increase by $12 million the aggregate amount of common stock it may sell under its existing at-the-market offering agreement with H.C. Wainwright & Co., LLC, which remains effective from September 25, 2024 through September 24, 2027. The enlarged ATM facility, conducted under the company’s effective Form S-3 shelf registration, gives Actelis additional flexibility to raise equity capital over time but does not obligate it to sell shares during the effectiveness period, potentially impacting future dilution and funding options for shareholders and other stakeholders.

The most recent analyst rating on (ASNS) stock is a Hold with a $0.61 price target. To see the full list of analyst forecasts on Actelis Networks, Inc. stock, see the ASNS Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Actelis Networks Announces $5 Million Public Offering Pricing
Positive
Dec 19, 2025

On December 17, 2025, Actelis Networks priced a $5 million public offering of 6,250,000 shares of common stock, or pre-funded warrants in lieu thereof, together with an equal number of common warrants, at a combined price of $0.80 per share or pre-funded warrant and associated warrant, with closing expected on or about December 19, 2025, subject to customary conditions. The transaction, conducted on a best-efforts basis with H.C. Wainwright & Co. as exclusive placement agent, includes warrant structures that limit individual investors’ post-exercise ownership to 4.99% or 9.99% and provides the agent additional compensation via cash fees, expense reimbursements and placement agent warrants, leaving Actelis with approximately $4.46 million in net proceeds that it plans to use for general corporate purposes and to advance its development activities, bolstering its liquidity and financial flexibility while imposing short-term standstill and longer-term restrictions on certain variable-rate financings.

The most recent analyst rating on (ASNS) stock is a Hold with a $0.61 price target. To see the full list of analyst forecasts on Actelis Networks, Inc. stock, see the ASNS Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Mar 19, 2026