Actelis Networks Q3 revenue rises on higher federal orders; net loss narrows
ASNS•Actelis Networks’ third-quarter revenue rose 68% year over year to $1.10 million, while its net loss narrowed 37% to $1.20 million. Gross margin improved to 40% from 28%.
1. Quarterly results
Revenue growth was driven by increased deliveries to U.S. federal and intelligent transportation customers, along with broadband orders, including orders from the U.S. Marine Corps and Alaska carriers. The company attributed improved gross margin to increased sales and a higher software revenue mix.
2. Costs and outlook
Lower sales and marketing and general administrative costs contributed to narrower losses. Actelis Networks did not provide specific financial guidance for future periods.
