Recent Updates — ASNS
Actelis Networks filed an 8-K to furnish a corporate investor presentation posted on October 15, 2026. The presentation highlights first-half 2026 revenue of $2.1 million, representing a 26% increase compared to the same period in 2025, alongside new order bookings that rose by 80%. Second-quarter gross margin expanded significantly to 51%, up from 32% in Q2-2025, driven by a richer software mix and strong performance in North America. The company also noted a $0.85 million software renewal with a leading carrier and progress in defense contracts, including IP telephony orders for the U.S. Marine Corps. Actelis Networks operates in the telecommunications sector, providing edge networking solutions that leverage existing copper infrastructure to deliver high-speed connectivity.
Actelis Networks, Inc. reported second quarter 2026 financial results showing revenue of $1.1 million, a 20% year-over-year increase from $0.9 million in the prior period. Gross margin expanded significantly to 51% from 32% in the second quarter of 2025, driven by an improved software and services mix. The company reported a net loss of $1.4 million, or $(0.05) per share, compared to a net loss of $1.9 million in the prior year period. Actelis continues to execute cost-reduction initiatives targeting $1 million in annualized savings and is advancing structural steps for a potential Nasdaq relisting, including an authorized reverse stock split ranging from 1-for-10 to 1-for-25. The company also amended its equity line of credit with a capacity of up to $30 million. Actelis Networks operates in the telecommunications industry, providing cyber-hardened hybrid fiber networking solutions for IoT and broadband applications.
Actelis Networks, Inc. eliminated the position of Chief Revenue Officer, Americas effective August 1, 2026. Mark DeVol held this role and will leave the company on that date. The filing states his termination did not result from any disagreement with the company regarding operations or policies. Actelis Networks operates in the telecommunications industry, providing fiber optic network solutions.
Nasdaq has officially announced the delisting of Actelis Networks, Inc. common stock, following a suspension of trading on the exchange. The company's common stock is currently trading on the OTCQB Venture Market under the symbol "ASNS". Actelis Networks, Inc. operates in the telecommunications technology industry, providing networking and access solutions.
On July 1, 2026, Actelis Networks, Inc. entered into an Exchange and Amendment Agreement with White Lion Capital LLC to modify a previous common stock purchase agreement following the company's April 10, 2026, delisting from the Nasdaq Capital Market. The company will issue 9,850,000 shares of common stock to White Lion, consisting of 3,000,000 shares, 3,850,000 shares via pre-funded warrants (exercise price $0.0001), and 3,000,000 shares via common warrants (exercise price $0.20). The agreement removes the previous delisting purchase notice mechanism and replaces it with amended purchase notice options based on 97% of traded prices minus $0.005. Actelis will also update its registration statements to reflect these changes. Actelis Networks operates in the telecommunications industry, providing network solutions.