Actelis Networks | 8-K: FY2025 Q3 Revenue Misses Estimate at USD 643 K

Revenue: As of FY2025 Q3, the actual value is USD 643 K, missing the estimate of USD 1.5 M.

EPS: As of FY2025 Q3, the actual value is USD -0.17.

EBIT: As of FY2025 Q3, the actual value is USD -1.902 M.

Segment Revenue

• Revenue for Q3 2025: $0.64 million, compared to $2.54 million in Q3 2024, reflecting a decline due to the non-recurrence of a large 2024 software and support contract and delayed Federal deals.
• Revenue for the nine months ended September 30, 2025: $2.3 million, compared to $6.7 million for the same period in 2024.

Operational Metrics

• Gross Margin: 28% in Q3 2025 and 32% for the nine months ended September 30, 2025.
• Operating Expenses: $2.11 million in Q3 2025, slightly up from $2.06 million in Q3 2024, influenced by foreign exchange rate differences and stock-based compensation.
• Operating Loss: $1.9 million for Q3 2025, compared to $0.3 million in Q3 2024.
• Net Loss: $2 million for Q3 2025, compared to $0.5 million in Q3 2024.

Cash Flow

• Net Cash Used in Operating Activities: - $5.637 million for the nine months ended September 30, 2025, compared to - $4.781 million for the same period in 2024.
• Net Cash Provided by Financing Activities: $5.121 million for the nine months ended September 30, 2025, compared to $1.624 million in 2024.

Unique Metrics

• Customer Bookings: Reached $1.26 million in Q3 2025, nearly double Q2 2025 levels, with a backlog entering Q4 of $0.73 million.

Outlook / Guidance

• Actelis Networks anticipates stronger sequential performance entering Q4 2025 due to increased customer bookings and backlog. The company is on track with its reorganization plan targeting a 15-20% reduction in operating expenses, with financial impacts expected in Q4 2025 and early 2026.