Actelis Networks Reports $1.85M Revenue, Negative GAAP EPS of -$1.09
May 13, 2023
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The company reported revenue of $1.85 million and a negative GAAP earning per share of -$1.09. This is the second consecutive quarter that Actelis Networks ($NASDAQ:ASNS) has reported a negative GAAP EPS, despite the fact that revenues are on the rise. Actelis Networks offers a range of broadband access solutions for carriers and service providers worldwide. The company provides Ethernet-over-copper access solutions with advanced features, high availability, and robust performance for customer premises equipment, as well as broadband access solutions for mobile operators. Actelis Networks also offers a range of managed services, support, and professional services to help companies maximize the value of their broadband networks.
Despite the negative GAAP EPS reported by Actelis Networks, the company’s revenue has been steadily increasing over the past few quarters. This suggests that the company is on the right track to achieving profitability in the near future. Investors should take note of this increase in revenue and continue to monitor how Actelis Networks progresses in the coming quarters.
Market Price
On Friday, ACTELIS NETWORKS reported a revenue of $1.85M for the quarter, along with an adjusted loss per share of -$1.09. The stock opened at $3.6 and closed at the same value, experiencing a slight increase of 1.1% from its prior closing price. Despite this, many investors still have faith in the company’s long-term prospects. ACTELIS NETWORKS has been focusing on developing its products and expanding its customer base, and has recently launched a new line of products to cater to the high-speed networking needs of its customers.
The company also plans to increase its investments in research and development and continue expanding its presence in international markets. It remains to be seen if ACTELIS NETWORKS will be able to turn its fortunes around in the near future, but with its focus on innovation and customer satisfaction, it is likely that the company will continue to be a major player in its sector for years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Actelis Networks. More…
| Total Revenues | Net Income | Net Margin |
| 8.83 | -10.98 | -118.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Actelis Networks. More…
| Operations | Investing | Financing |
| -7.77 | -4.03 | 15.29 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Actelis Networks. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14.82 | 11.55 | 0.32 |
Key Ratios Snapshot
Some of the financial key ratios for Actelis Networks are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -115.0% |
| FCF Margin | ROE | ROA |
| -88.0% | -143.7% | -42.8% |
Analysis
At GoodWhale, we have conducted an analysis of ACTELIS NETWORKS‘s financials. Based on our Risk Rating, we have concluded that ACTELIS NETWORKS is a medium risk investment in terms of both financial and business aspects. Before making a decision about investing in this company, we recommend that you to become a registered user and review the business and financial areas with potential risks. By doing so, you will be able to make an informed decision about whether or not to invest in ACTELIS NETWORKS. More…
Peers
It is a leading player in the Ethernet in the First Mile industry, competing with other companies such as Star8 Corp, ADVA Optical Networking SE, and Universal Tracking Solutions Inc. to bring the most advanced solutions to its customers.
– Star8 Corp ($OTCPK:STRH)
ADVA Optical Networking SE is a technology company that specializes in delivering hardware and software solutions for communication networks. The company is based in Munich, Germany, and has a market cap of 1.13 billion as of 2023. ADVA’s Return on Equity (ROE) is 3.75%, which is a good sign of the profitability and efficiency of the company. The strong ROE indicates that the company is able to generate profits and return it to shareholders. Additionally, the market cap shows that the company is well positioned to increase its presence in the competitive communication networks market.
– ADVA Optical Networking SE ($OTCPK:ADVOF)
Universal Tracking Solutions Inc is a technology company specializing in providing cutting-edge tracking and data management solutions for businesses across the globe. The company has a market capitalization of 48.67k as of 2023, indicating its strong financial position in the market. Its return on equity of -112.62% indicates that the firm has relatively low profitability as well as low solvency. This suggests that the firm may be overleveraged and should focus on improving its financials in the future.
Summary
Actelis Networks is a technology company providing digital products and services. Its latest financial report shows that the company has achieved a GAAP EPS of -$1.09 and revenue of $1.85M. This indicates that the company’s performance is below the analyst’s expectations. Investors should consider the company’s financial performance, future prospects and risk profile before making investment decisions. Currently, Actelis Networks is facing short-term liquidity issues, which may result in decreased performance in the near future.
Additionally, the company has been facing competitive pressure as more players enter the market. Therefore, investing in Actelis Networks carries high risk and investors should be aware of these risks before putting money into the stock.
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