ACTELIS NETWORKS INC

Actelis Networks, Inc. announced it has received an order worth approximately $0.2 million from a major telecommunications carrier in Central Europe. The order is for Actelis' GL800 multi-Gigabit hybrid fiber-copper solution, which will be used to provide fiber-grade connectivity to Small Office/Home Office (SOHO) customers in multi-dwelling units. This new order expands Actelis' presence within a significant global telecommunications group, demonstrating the scalability and value of its hybrid fiber-copper technology.

Actelis Networks reported a net comprehensive loss of $2.46 million for Q1 2026, an increase from $1.86 million in Q1 2025, despite a rise in revenues to $958,000. The company's common stock was delisted from Nasdaq on April 10, 2026, and now trades on the OTCQB Venture Market. Management expressed substantial doubt about the company's ability to continue as a going concern due to significant losses and negative cash flows. The company also repurchased $1.04 million of its common stock.

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.

Actelis Networks, Inc. announced that its shares have commenced trading on the OTCQB Venture Market as of April 24, 2026. This move was communicated via a press release, which was included as an exhibit to the Form 8-K filing. The company continues to operate as an emerging growth company.

Actelis Networks announced that its common stock has commenced trading on the OTCQB Venture Market, effective April 24, 2026, under the symbol "ASNS." This transition follows the company's previously announced move from The Nasdaq Capital Market to the OTC Markets. While the company considers this a constructive near-term step for shareholders and a more transparent trading environment, it remains focused on evaluating options to restore its listing on Nasdaq.

Actelis Networks secured an order from the Alaska State Department of Transportation to provide its hybrid fiber-copper networking solution for an intelligent transportation system (ITS) project in Anchorage. This order, placed through a long-standing partner, will modernize traffic signal and cabinet infrastructure. The company's solution offers cyber-hardened, fiber-grade performance over existing infrastructure, significantly reducing deployment time and cost, and is well-suited for Alaska's challenging environment. This expands Actelis' presence in the growing U.S. smart transportation market.

Actelis Networks, Inc. (ASNS) announced that Nasdaq has denied its appeal for continued listing, leading to the suspension of its common stock from The Nasdaq Capital Market at the open of trading on April 10, 2026. The company initially received a delisting notice on February 4, 2026, for failing to maintain a minimum bid price of $1.00 per share for 30 consecutive business days. Nasdaq determined the company was ineligible for the standard compliance period due to a 1-for-10 reverse stock split effected on November 18, 2025. Actelis plans for its shares to be quoted on the OTCQB Venture Market by the OTC Markets Group, Inc. following the Nasdaq suspension.