Actelis Networks Reports Q3 2024 Results: 200% Quarterly Revenue Growth; 46% Year-to-Date Growth Reaching $6.7 Million
Actelis Networks, Inc. (ASNS)
Last actelis networks, inc. earnings: 11/9 08:00 am
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US:NASDAQ Investor Relations:
investors.arsanis.com/investor-relations
Company Research
Source: GlobeNewswire
FREMONT, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ: ASNS) (“Actelis” or the “Company”), a market leader in cyber-hardened, rapid deployment networking solutions for wide area IoT applications, today reported financial results for the fiscal third quarter ended September 30, 2024. Financial Highlights for the Third Quarter and nine months ending September 30: Robust Revenue Growth, Surpassing Full-Year 2023 in Nine Months: Revenue reached $2.54 million in Q3 2024, a 200% year-over-year increase from $0.85 million in Q3 2023. For the nine months ending September 30, 2024, revenue grew to $6.7 million—up 46% from the prior-year period—driven by accelerated execution of large contracts, including $1.1 million of software and support revenues out of a two-year software and services renewal with one of our largest customers.Significant Improvement in Gross Margin: Gross margin soared to $1.74 million, or 69%, in Q3 2024, a substantial increase from $0.2 mi
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News
- Market Alert: Actelis Networks Reports Strong Q3 2024 Result as it Eyes Shifting Global Defense Trends [Yahoo! Finance]Yahoo! Finance
- Actelis Networks Third Quarter 2024 Earnings: US$0.085 loss per share (vs US$0.32 loss in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Actelis Networks Reports Q3 2024 Results: 200% Quarterly Revenue Growth; 46% Year-to-Date Growth Reaching $6.7 Million [Yahoo! Finance]Yahoo! Finance
- Actelis’ GigaLine 900 Draws Strong Global Industry Interest as a Unique, Ultra Low-Power Solution for Instant Gigabit Services in MDUsGlobeNewswire
- Actelis Networks Announces New Order from Major German Municipality for Modernization of Secure Critical Infrastructure IoT NetworkGlobeNewswire
ASNS
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form 8-K
- 11/14/24 - Form 10-Q
- ASNS's page on the SEC website