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FREMONT, Calif. - Actelis Networks, Inc. (NASDAQ:ASNS), a micro-cap technology company with annual revenue of $5.26 million and a market capitalization of $7.69 million, has received an order from a local telecommunications carrier in Oklahoma for its amplification solutions to enhance broadband connectivity in underserved rural communities across Osage County and the Ozarks region, according to a company press release.
The carrier is implementing Actelis’ amplification products to strengthen signal quality and extend reach over existing copper infrastructure, providing improved broadband service to residents in areas where traditional fiber deployment can be costly and time-consuming due to dispersed populations and challenging terrain.
The deployment utilizes hybrid fiber-copper technology to deliver broadband improvements without requiring complete fiber buildouts. This approach allows the carrier to enhance connectivity at a lower cost than full fiber installation while still providing improved service to rural households.
"By leveraging existing infrastructure, carriers can connect more households at a fraction of the cost of fiber-only approaches," said Tuvia Barlev, Chairman and CEO of Actelis, in the press release statement. The company maintains a healthy gross margin of 50.58%, though InvestingPro data shows revenue declined 12.53% over the last twelve months.
The company noted that this deployment strategy aligns with the objectives of the federal Broadband Equity, Access, and Deployment (BEAD) Program, a $42.45 billion initiative aimed at connecting underserved Americans. According to InvestingPro, which offers comprehensive analysis of over 1,400 US stocks, Actelis currently trades at Fair Value with a current ratio of 1.14, indicating adequate liquidity for its near-term operations.
Actelis Networks specializes in hybrid fiber-copper networking solutions for wide-area IoT applications, including government, transportation, military, utility, rail, telecom, and campus networks. For detailed insights into Actelis’s financial health and growth prospects, investors can access the full Pro Research Report available on InvestingPro.
In other recent news, Actelis Networks Inc. has been actively engaged in several significant developments. The company recently presented its plan to the Nasdaq Hearing Panel to regain compliance with the stockholders’ equity requirement necessary for continued listing on the Nasdaq Capital Market. This follows a notice of non-compliance from Nasdaq’s Listing Qualifications Staff due to the company’s financial position as of June 30. Additionally, Actelis Networks announced a definitive agreement to raise approximately $1.6 million through the exercise of certain outstanding warrants, providing a boost to its financial resources.
In terms of new business, Actelis Networks secured a $0.3 million order for cybersecurity software and services from a major telecommunications carrier in Southern Europe. This order aims to enhance cybersecurity for a large global installation. Furthermore, the company received a $100,000 order from a German city to upgrade its urban infrastructure networking capabilities, utilizing its hybrid fiber-copper networking solutions. In another significant order, Actelis Networks was awarded a $0.5 million contract by the Federal Aviation Administration to supply advanced hybrid-fiber networking solutions for air traffic control infrastructure modernization. These recent developments highlight Actelis Networks’ active role in expanding its technological solutions across various sectors.
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