Investment Thesis
Actelis Networks is in severe financial distress with collapsing revenue (-52.7% YoY), massive operating losses, and negative free cash flow of -$7.7M that is rapidly depleting cash reserves. The company is burning cash at an unsustainable rate with only $4.1M in cash equivalents against $7.7M annual operating cash burn, indicating the current business model is fundamentally unviable without dramatic restructuring or capital infusion.
ASNS Strengths
- Adequate liquidity position with 2.46x current ratio providing near-term survival runway
- Minimal debt burden with 0.03x debt-to-equity ratio reducing financial obligations
- Positive gross margin of 33.2% suggests underlying product economics are sound if scale can be achieved
ASNS Risks
- Revenue collapse of 52.7% YoY indicates severe market demand deterioration or loss of major customers
- Operating cash burn of $7.7M annually with only $4.1M cash on hand implies critical runway of 6-7 months without additional funding
- Operating loss of -$7.2M on $3.7M revenue reflects structural unprofitability and inability to control operating expenses relative to declining sales
- Negative operating margin of -195.7% and net margin of -225.0% demonstrate the business is destroying shareholder value at scale
Key Metrics to Watch
- Quarterly revenue trends and customer concentration analysis to assess demand stabilization
- Monthly operating cash burn rate and cash runway analysis before liquidity crisis
- Operating expense reduction progress and path to breakeven profitability
ASNS Financial Metrics
ASNS Profitability Ratios
ASNS Balance Sheet & Liquidity
ASNS 5-Year Financial Trend
5-Year Trend Summary: ACTELIS NETWORKS INC's revenue has declined by 12% over the 5-year period, indicating business contraction. The most recent EPS of $-8.50 indicates the company is currently unprofitable.
ASNS Growth Metrics (YoY)
ASNS Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $643.0K | -$511.0K | $-0.09 |
| Q2 2025 | $941.0K | -$78.0K | $-0.01 |
| Q1 2025 | $721.0K | -$1.9M | $-0.22 |
| Q3 2024 | $845.0K | -$511.0K | $-0.09 |
| Q2 2024 | $1.9M | -$78.0K | $-0.01 |
| Q1 2024 | $726.0K | -$1.9M | $-0.50 |
| Q3 2023 | $845.0K | -$867.0K | $-0.32 |
| Q2 2023 | $1.9M | -$1.6M | $-0.68 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
ASNS Capital Allocation
ASNS SEC Filings
Access official SEC EDGAR filings for ACTELIS NETWORKS INC (CIK: 0001141284)