Actelis Networks (NASDAQ:ASNS) Releases Earnings Results, Beats Expectations By $0.02 EPS

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

Actelis Networks Stock Up 8.9%

ASNS traded up $0.00 during trading on Wednesday, reaching $0.05. The company had a trading volume of 258,992 shares, compared to its average volume of 8,972,833. The company has a market cap of $1.38 million, a P/E ratio of -0.01 and a beta of 0.68. Actelis Networks has a 12 month low of $0.03 and a 12 month high of $5.40. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.46 and a quick ratio of 1.76. The business’s fifty day moving average price is $0.05 and its 200 day moving average price is $0.14.

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.