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

Actelis Networks (NASDAQ:ASNS) posted its earnings results on Tuesday. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02, reports. The business 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 Price Performance

ASNS stock traded up $0.00 during midday trading on Wednesday, reaching $0.05. The company had a trading volume of 259,054 shares, compared to its average volume of 8,972,844. Actelis Networks has a 1 year low of $0.03 and a 1 year 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 company has a market capitalization of $1.38 million, a P/E ratio of -0.01 and a beta of 0.68. The firm has a 50-day moving average price of $0.05 and a 200-day moving average price of $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.