Actelis Networks | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 1.132 B

Revenue: As of FY2026 Q2, the actual value is USD 1.132 B, beating the estimate of USD 1.2 M.

EPS: As of FY2026 Q2, the actual value is USD -0.05, beating the estimate of USD -0.1.

EBIT: As of FY2026 Q2, the actual value is USD -1.287 B.

Second Quarter 2026 Financial Highlights

Revenues for Actelis Networks, Inc. were $1.1 million, a 20% increase year-over-year compared to $0.9 million in the second quarter of 2025. Gross profit was $0.6 million, representing approximately 51% of revenue, an increase from $0.3 million or 32% of revenue in the second quarter of 2025. Operating loss narrowed to - $1.6 million, compared to - $1.8 million in the second quarter of 2025. Net loss for the period was - $1.4 million, or - $0.05 per basic and diluted share, an improvement from - $1.9 million, or - $2.08 per basic and diluted share, in the second quarter of 2025. Adjusted EBITDA loss was approximately - $1.5 million, compared to approximately - $1.7 million in the second quarter of 2025.

First Half 2026 Financial Highlights

Revenues for the first half of 2026 were $2.1 million, a 26% increase compared to $1.7 million for the first half of 2025. Gross profit was $0.8 million, or approximately 39% of revenue, up from $0.6 million or 33% of revenue in the first half of 2025. Operating loss was - $3.4 million, compared to - $3.6 million for the first half of 2025. Net loss for the first half of 2026 was - $3.8 million, or - $0.19 per basic and diluted share, which remained relatively unchanged compared to - $3.8 million, or - $4.26 per basic and diluted share, for the first half of 2025. Adjusted EBITDA loss was approximately - $3.3 million, compared to approximately - $3.5 million for the first half of 2025.

Revenue Breakdown by Geography

For the second quarter of 2026, North America revenue increased 39% year-over-year, and EMEA revenue increased 15% year-over-year. For the first half of 2026, North America revenue increased 33% year-over-year, and EMEA revenue increased 22% year-over-year.

Operating Expenses

• Cost of Revenues: For the second quarter of 2026, cost of revenues was $0.6 million, essentially unchanged from the second quarter of 2025. For the first half of 2026, cost of revenues was $1.3 million, compared to $1.1 million for the first half of 2025.
• Research and development expenses: These were $0.7 million for the second quarter of 2026, essentially unchanged from the second quarter of 2025. For the first half of 2026, expenses were $1.3 million, compared to $1.4 million for the first half of 2025.
• Sales and marketing expenses: These were $0.8 million for the second quarter of 2026, compared to $0.7 million for the second quarter of 2025. For the first half of 2026, expenses were $1.4 million, essentially unchanged from the first half of 2025.
• General and administrative expenses: These were $0.7 million for the second quarter of 2026, essentially unchanged from the second quarter of 2025. For the first half of 2026, expenses were $1.5 million, essentially unchanged from the first half of 2025.

Cash Flow from Operating Activities

Net cash used in operating activities was - $3.638 million for the six months ended June 30, 2026, compared to - $3.218 million for the six months ended June 30, 2025.

Balance Sheet Highlights

As of June 30, 2026, Actelis Networks, Inc. had cash, cash equivalents, and restricted cash of approximately $5.8 million, up from approximately $4.4 million as of December 31, 2025. Total shareholders’ equity was $7.2 million as of June 30, 2026, compared to $4.8 million as of December 31, 2025.

Operational Metrics and Business Update

Actelis Networks, Inc. secured a $0.85 million software and services renewal from a North American carrier, including a version upgrade of its Meta-Assist Element Management System (EMS). The company received multiple follow-on orders from the Washington, D.C. Department of Transportation and new orders for deployments across U.S. state, county, and municipal transportation agencies, such as an intelligent transportation system project with the Alaska Department of Transportation. An approximately $0.2 million order for the GL800 multi-Gigabit hybrid fiber-copper solution was received from a Central European carrier.

Outlook/Guidance

Actelis Networks, Inc. aims to return to Nasdaq at the appropriate time and is pursuing steps authorized by shareholders, including a potential reverse stock split. The company has implemented cost-reduction and operational-efficiency initiatives projected to yield approximately $1 million in annualized future savings. Subsequent to the quarter end, on July 1, 2026, the company amended its equity line of credit, increasing its capacity to up to $30 million.