--- title: "Actelis Networks | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 958 K" type: "News" locale: "en" url: "https://longbridge.com/en/news/286468223.md" datetime: "2026-05-14T21:01:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286468223.md) - [en](https://longbridge.com/en/news/286468223.md) - [zh-HK](https://longbridge.com/zh-HK/news/286468223.md) --- # Actelis Networks | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 958 K Revenue: As of FY2026 Q1, the actual value is USD 958 K, missing the estimate of USD 1.2 M. EPS: As of FY2026 Q1, the actual value is USD -0.16, beating the estimate of USD -0.79. EBIT: As of FY2026 Q1, the actual value is USD -1.849 M. #### Revenue Actelis Networks, Inc. reported revenues of $958 thousand for the first quarter ended March 31, 2026, which is a 33% increase from $721 thousand in the first quarter of 2025. This growth was primarily driven by a 25% increase in North America, a 27% increase in EMEA, and growth in the Asia-Pacific region. #### Cost of Revenues Cost of revenues for the three months ended March 31, 2026, was $723 thousand, up from $470 thousand for the same period in 2025. This increase was mainly due to higher direct costs from a low-margin deal in the U.S. and increased indirect costs associated with foreign exchange rates, inventory, and warranty-related expenses. #### Gross Profit and Margin Gross profit for the first quarter of 2026 was $235 thousand, or 25% of revenue, a decrease from $251 thousand, or 35% of revenue, in the first quarter of 2025. The decline in gross margin was attributed to an unusually low-margin deal in the U.S. and higher indirect costs. #### Operating Expenses - **Research and Development Expenses**: $689 thousand for Q1 2026, compared to $681 thousand for Q1 2025, with underlying cost reduction measures largely offset by approximately -$66 thousand of unfavorable foreign exchange impact. - **Sales and Marketing Expenses**: $675 thousand for Q1 2026, compared to $666 thousand for Q1 2025, reflecting higher sales commissions and approximately -$30 thousand of unfavorable foreign exchange impact, partially offset by cost reduction measures. - **General and Administrative Expenses**: $734 thousand for Q1 2026, compared to $716 thousand for Q1 2025, with underlying cost reduction measures largely offset by approximately -$29 thousand of unfavorable foreign exchange impact. - **Total Operating Expenses**: Total operating expenses were $2,098 thousand for Q1 2026, compared to $2,063 thousand for Q1 2025. #### Operating Loss Actelis Networks, Inc. reported an operating loss of -$1,863 thousand for the first quarter of 2026, compared to an operating loss of -$1,812 thousand for the same period in 2025. The increased loss was due to higher cost of goods and foreign exchange impact, partially offset by revenue growth and cost reduction measures. #### Financial Expenses, Net Net financial expenses were -$593 thousand for Q1 2026, significantly higher than -$48 thousand for Q1 2025. This increase was primarily due to a -$625 thousand non-cash expense from the Commitment Fee under the Common Stock Purchase Agreement and foreign exchange differences, partially offset by $124 thousand income from changes in the fair value of pre-funded warrants. Interest expense decreased to -$14 thousand from -$34 thousand. #### Net Loss Net loss for the first quarter of 2026 was -$2,456 thousand, or -$0.16 per basic and diluted share, compared to a net loss of -$1,860 thousand, or -$2.18 per basic and diluted share, for the first quarter of 2025. #### Adjusted EBITDA Loss (Non-GAAP) Adjusted EBITDA loss for Q1 2026 was -$1,791 thousand, compared to -$1,695 thousand for Q1 2025. #### Cash and Liquidity As of March 31, 2026, cash and cash equivalents (including restricted cash) totaled $7,546 thousand, an increase from $4,057 thousand as of December 31, 2025. This increase was primarily driven by $6,900 thousand in net proceeds from the at-the-market (ATM) program, partially offset by -$1,000 thousand used for share repurchases and -$1,900 thousand used in operating activities. #### Cash Flow from Operating Activities Net cash used in operating activities was -$1,902 thousand for the three months ended March 31, 2026, an improvement from -$2,174 thousand used in the same period of 2025. #### Cash Flow from Investing Activities Net cash used in investing activities was -$41 thousand for the three months ended March 31, 2026, compared to $1 thousand provided by investing activities in the same period of 2025. #### Cash Flow from Financing Activities Net cash provided by financing activities was $5,127 thousand for the three months ended March 31, 2026, compared to $1,331 thousand for the same period in 2025. This included $7,311 thousand from the issuance of common stock via ATM, offset by -$368 thousand in offering costs, -$427 thousand in credit lines, -$1,039 thousand for share repurchases, and -$350 thousand for repayment of short-term loans. #### Balance Sheet Highlights - **Total Current Assets**: $11,450 thousand as of March 31, 2026, up from $8,591 thousand as of December 31, 2025. - **Total Assets**: $12,832 thousand as of March 31, 2026, compared to $9,530 thousand as of December 31, 2025. - **Total Current Liabilities**: $2,613 thousand as of March 31, 2026, down from $3,492 thousand as of December 31, 2025. - **Total Liabilities**: $4,517 thousand as of March 31, 2026, compared to $4,733 thousand as of December 31, 2025. - **Total Shareholders’ Equity**: $8,315 thousand as of March 31, 2026, up from $4,797 thousand as of December 31, 2025. #### Outlook / Guidance Actelis Networks, Inc. anticipates that the benefits of its cost reduction measures will become more visible later in 2026, despite potential continued foreign exchange rate impacts. 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