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

Actelis Networks (NASDAQ:ASNS) announced its earnings results on Tuesday. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.50 million.

Actelis Networks Stock Up 8.9%

NASDAQ:ASNS traded up $0.00 during trading hours on Wednesday, reaching $0.05. 258,992 shares of the stock were exchanged, compared to its average volume of 8,972,833. The stock has a market cap of $1.38 million, a PE ratio of -0.01 and a beta of 0.68. Actelis Networks has a twelve month low of $0.03 and a twelve month high of $5.40. The firm has a 50 day moving average of $0.05 and a 200 day moving average of $0.14. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.46 and a quick ratio of 1.76.

Actelis Networks Company Profile

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.