Quarterly ResultMay 14, 2026, 04:47 PM
Actelis Q1 Revenue +33% to $958K; Net Loss $(2.46)M
AI Summary
Actelis Networks reported Q1 2026 financial results with revenues growing 33% year-over-year to $958 thousand, driven by deliveries to U.S. federal, telecom, and ITS customers. Despite revenue growth, the company posted a net loss of $(2.46) million and a reduced gross profit margin of 25%, impacted by a low-margin deal and foreign exchange rates. Actelis also announced a binding term sheet to acquire Exaware Routing Ltd. to enter the AI-driven data center networking market, strengthened its capital position with $6.9 million from an ATM facility, and is pursuing options to relist on Nasdaq after moving to the OTCQB Venture Market.
Key Highlights
- Q1 2026 revenue increased 33% year-over-year to $958 thousand.
- Net loss for Q1 2026 was $(2.46) million, or $(0.16) per basic and diluted share.
- Gross profit for Q1 2026 was $235 thousand, or 25% of revenue, down from 35% in Q1 2025.
- Binding term sheet signed to acquire 100% of Exaware Routing Ltd. in an all-stock transaction.
- Company evaluating options to relist on Nasdaq after transitioning to OTCQB Venture Market.
- Cash and cash equivalents increased to $7.5 million as of March 31, 2026.
- Secured $6.9 million in net proceeds from its at-the-market (ATM) facility.
- Continued growth in U.S. federal and Intelligent Transportation Systems (ITS) markets.