Actelis Networks (NASDAQ:ASNS) Issues Earnings Results, Beats Estimates By $0.02 EPS

Actelis Networks (NASDAQ:ASNS) announced its quarterly earnings data on Tuesday. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02, reports. The firm had revenue of $1.08 million during the quarter, compared to analysts’ expectations of $1.50 million. Actelis Networks had a negative return on equity of 290.78% and a negative net margin of 225.03%.

Actelis Networks Stock Up 8.9%

NASDAQ ASNS traded up $0.00 during mid-day trading on Wednesday, hitting $0.05. The company’s stock had a trading volume of 259,054 shares, compared to its average volume of 8,972,844. The firm has a market capitalization of $1.38 million, a price-to-earnings ratio of -0.01 and a beta of 0.68. The company’s 50 day simple moving average is $0.05 and its 200 day simple moving average is $0.14. The company has a current ratio of 2.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.03. Actelis Networks has a twelve month low of $0.03 and a twelve month high of $5.40.

About Actelis Networks

Actelis Networks, Inc. (NASDAQ: ASNS) develops cyber-hardened networking solutions that help organizations connect and secure distributed infrastructure. Its technology is designed to modernize existing communications networks, including systems that use legacy copper, fiber, and wireless connections, without requiring a complete replacement of the underlying infrastructure. The company’s product portfolio includes hybrid networking and edge connectivity solutions, network management tools, and cybersecurity capabilities designed for Internet of Things (IoT) deployments.