Actelis Networks, Inc. (ASNS) AI Stock Analysis

• Market Cap: $3.80M
• Dividend Yield: N/A
• Average Volume (3M): 15.96M
• Price to Earnings (P/E): ―
• Beta (1Y): 3.04
• Revenue Growth: -56.36%
• EPS Growth: 32.37%
• Country: US
• Employees: 38
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): -1.70
• Shares Outstanding: 8,058,392
• 10 Day Avg. Volume: 5,093,897
• 30 Day Avg. Volume: 15,964,196
• PEG Ratio: 0.02
• Price to Book (P/B): 2.31
• Price to Sales (P/S): 0.89
• P/FCF Ratio: -1.05
• Enterprise Value/Market Cap: 0.71
• Enterprise Value/Revenue: 0.80
• Enterprise Value/Gross Profit: 2.44
• Enterprise Value/Ebitda: -0.36
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: $0.46 ▼(-0.22% Downside)

The score is held down primarily by weak financial performance (shrinking revenue, large losses, and persistent cash burn) and bearish technical momentum (below major moving averages with negative MACD). Corporate events provide some support via improved compliance status and added funding, but they do not outweigh the operating and cash-flow pressures; valuation is difficult to justify on earnings due to a negative P/E and no stated dividend yield.

Positive Factors

Differentiated hybrid-fiber technology

Actelis’ hybrid-fiber-over-copper technology reduces the need for costly new fiber builds, enabling operators to upgrade performance on existing plant. This structural advantage supports long-term demand from operators and municipal/government projects focused on faster, lower-cost network modernization.

Federal customer validation (FAA delivery)

Successfully delivering an FAA modernization order demonstrates credibility in federal infrastructure, where multi-year funding ($12.5B package) drives sustained procurement cycles. Government validation can open repeat program opportunities and anchors revenue from longer-term, mission-critical projects.

Manageable leverage after deleveraging

Lower debt relative to equity improves financial flexibility and reduces solvency risk, giving the company more runway to pursue contracts or R&D. Deleveraging since 2022–2023 materially lowers default risk versus peers with higher leverage, supporting longer-term operating continuity.

Negative Factors

Persistent negative cash flow

Sustained negative operating and free cash flow indicates the business is not self-funding and must continually access external capital to sustain operations. Over time this erodes flexibility, increases financing vulnerability, and can constrain investment in product development and sales execution.

Sharp revenue contraction and losses

A material decline in revenue combined with persistently negative margins undermines the company’s ability to scale and reinvest. Prolonged top-line shrinkage reduces operating leverage, risks customer concentration, and makes it harder to achieve sustainable positive margins over the medium term.

Dependence on equity financing capacity

Frequent equity raises and an enlarged ATM facility signal reliance on capital markets to fund operations. Over the medium term this increases dilution risk, can constrain strategic choices, and highlights limited internal cash generation, which may weaken shareholder value compounding if losses persist.

Actelis Networks, Inc. Business Overview & Revenue Model

Company Description

Actelis 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 Money

Actelis Networks generates revenue through the sale of its networking products and solutions, which include hardware, software, and support services. The primary revenue streams consist of direct sales to telecommunications companies and enterprise clients, as well as recurring revenue from maintenance and support contracts. Additionally, the company often engages in partnerships with other technology providers to enhance its product offerings and reach new markets, which can also contribute to its earnings. By leveraging its advanced technology and establishing key partnerships, Actelis is able to tap into various sectors such as broadband, smart city initiatives, and enterprise networking, thereby diversifying its revenue sources.

Actelis Networks, Inc. Financial Statement Overview

Summary

Financials are the core weakness: TTM revenue is down ~36% with deeply negative profitability, and operating/free cash flow are both around -$7.4M (not self-funding). The balance sheet shows improved, manageable leverage (debt-to-equity ~0.26), but persistent losses and cash burn dominate the risk profile.

Income Statement

TTM (Trailing-Twelve-Months) results show a sharp revenue contraction (down ~36%) and deeply negative profitability, with operating and net margins heavily underwater. While gross margin remains positive, it also compressed versus 2024, and losses remain large relative to the revenue base. The only notable positive is that revenue rebounded in 2024 versus 2023, but the trajectory deteriorated again in TTM, keeping the earnings profile very weak.

Balance Sheet

Leverage looks manageable in the latest periods, with low debt relative to equity in TTM (debt-to-equity ~0.26) and improving versus prior years, indicating meaningful deleveraging since 2022–2023. However, profitability is poor, reflected in strongly negative returns on equity in recent periods, which limits the balance sheet’s ability to compound value. The balance sheet is far more stable than earlier years when leverage and equity levels were more strained, but ongoing losses remain the key risk.

Cash Flow

Cash generation is a major weakness: operating cash flow and free cash flow are deeply negative in TTM (both around -$7.4M) and were also negative across prior years. Free cash flow did not show a sustainable improving trend, and the business is not self-funding operations, implying continued reliance on external capital or balance-sheet resources. While cash burn is roughly in line with reported losses, the magnitude of outflows remains high relative to revenue.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.37M	7.76M	5.61M	8.83M	8.54M	8.53M
Gross Profit	1.10M	4.27M	1.90M	4.11M	3.97M	4.98M
EBITDA	-7.40M	-3.73M	-5.49M	-10.13M	-4.52M	-1.20M
Net Income	-7.54M	-4.37M	-6.29M	-10.98M	-5.25M	-1.50M
Balance Sheet
Total Assets	6.93M	8.22M	11.22M	14.82M	4.68M	3.77M
Cash, Cash Equivalents and Short-Term Investments	1.45M	1.97M	817.00K	5.57M	693.00K	569.00K
Total Debt	771.00K	1.34M	5.39M	6.54M	11.14M	6.58M
Total Liabilities	3.97M	5.24M	10.84M	11.55M	18.70M	12.58M
Stockholders Equity	2.96M	2.98M	388.00K	3.27M	-14.01M	-8.81M
Cash Flow
Free Cash Flow	-7.41M	-6.55M	-6.59M	-7.77M	-2.78M	-364.00K
Operating Cash Flow	-7.41M	-6.55M	-6.58M	-7.77M	-2.73M	-343.00K
Investing Cash Flow	-4.00K	197.00K	3.82M	-4.03M	-54.00K	-21.00K
Financing Cash Flow	6.59M	3.09M	3.76M	15.29M	2.90M	356.00K

Actelis Networks, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.46
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Neutral

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 below the 20-day moving average (MA) of 0.51, below the 50-day MA of 2.11, and below the 200-day MA of 4.89, indicating a bearish trend. The MACD of -0.47 indicates Negative momentum. The RSI at 26.00 is Positive, neither overbought nor oversold. The STOCH value of 24.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ASNS.

Actelis Networks, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
CMTL	52 Neutral	$177.18M	-2.58	-7.88%	―	-1.89%	76.61%
AIRG	51 Neutral	$50.58M	-8.24	-19.65%	―	-1.53%	55.08%
UTSI	50 Neutral	$23.68M	-3.77	-13.41%	―	-34.53%	-50.58%
ASNS	42 Neutral	$3.80M	-0.05	-260.09%	―	-56.36%	32.37%
OCC	42 Neutral	$38.67M	-22.98	-6.86%	―	9.55%	65.17%
CMBM	41 Neutral	$48.86M	-0.49	―	―	―	―

Actelis Networks, Inc. Corporate Events

Actelis Completes FAA Networking Order, Bolstering Q4 Results

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.

Actelis Networks Expands At-the-Market Equity Offering Capacity

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.

Actelis Networks Announces $5 Million Public Offering Pricing

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.

Actelis Networks Unveils Strategic Investor Presentation

On December 15, 2025, Actelis Networks, Inc. released a corporate presentation on its website intended for use in investor and analyst meetings. The presentation highlights the company’s focus on edge networking and cyber safety, emphasizing the need for secure and efficient connectivity solutions. Actelis aims to address the challenges of slow and expensive fiber deployment by offering resilient and cybersafe networking options that perform like fiber. This strategic move is expected to strengthen Actelis’ position in the market by addressing critical networking bottlenecks and leveraging geopolitical forces to modernize defense and industrial applications.

The most recent analyst rating on (ASNS) stock is a Sell with a $2.50 price target. To see the full list of analyst forecasts on Actelis Networks, Inc. stock, see the ASNS Stock Forecast page.

Actelis Networks Regains Nasdaq Compliance Status

On December 9, 2025, Actelis Networks, Inc. announced it has regained compliance with the Nasdaq bid price requirement, having received formal notice from Nasdaq confirming this status. This development closes the previously disclosed listing matter, although the company will remain under a one-year panel monitor until December 5, 2026, during which failure to meet listing criteria could lead to a delist determination.

The most recent analyst rating on (ASNS) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Actelis Networks, Inc. stock, see the ASNS Stock Forecast page.

Actelis Networks Announces Reverse Stock Split

On November 14, 2025, Actelis Networks announced a one-for-ten reverse stock split of its common stock, effective before trading on November 18, 2025. This move aims to increase the stock’s per share and bid price to comply with Nasdaq’s listing requirements and attract institutional investors. The reverse split will reduce outstanding shares from approximately 17.5 million to 1.75 million without changing the ownership percentage of stockholders, except for rounding up fractional shares.

The most recent analyst rating on (ASNS) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on Actelis Networks, Inc. stock, see the ASNS Stock Forecast page.

Actelis Networks Maintains Nasdaq Listing Compliance

On October 28, 2025, Actelis Networks, Inc. received a decision from Nasdaq confirming compliance with the stockholders’ equity requirement, allowing continued listing on The Nasdaq Capital Market. The company has until December 5, 2025, to meet the bid price requirement, for which it plans a reverse stock split pending shareholder approval. Actelis will be under a one-year Panel Monitor through October 28, 2026, to ensure continued compliance, with potential delisting if criteria are not met.

The most recent analyst rating on (ASNS) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Actelis Networks, Inc. stock, see the ASNS Stock Forecast page.

Actelis Networks Secures Funding Amid Nasdaq Compliance Efforts

On August 19, 2025, Actelis Networks, Inc. received a notice from Nasdaq regarding non-compliance with the $2.5 million stockholders’ equity requirement, risking delisting. The company recently presented a compliance plan to Nasdaq’s Hearing Panel, but the outcome is uncertain. On September 29, 2025, Actelis completed a private placement with White Lion Capital LLC, raising approximately $850,000 and securing an equity line of credit for up to $30 million. Actelis believes it now meets the equity requirement but awaits Nasdaq’s confirmation.

The most recent analyst rating on (ASNS) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on Actelis Networks, Inc. stock, see the ASNS Stock Forecast page.