Actelis Networks, Inc. reported a significant decline in financial performance for the fiscal year ending December 31, 2025, with revenues of $3.7 million, down from $7.8 million in 2024. This decrease was attributed to a lack of major software and service renewals, as well as a large contract with the City of Washington D.C. that contributed to the previous year's figures. The company's cost of revenues also fell to $2.5 million from $3.5 million, reflecting a reduction in variable costs due to lower sales. However, the overall operating loss widened to $7.2 million compared to $3.8 million in the prior year, primarily driven by consistent operating expenses and a one-time financial commitment of $750,000.
In terms of strategic developments, Actelis launched its MetaShield AI-Powered SaaS solution in December 2024, aimed at enhancing cybersecurity for IoT applications. The company has shifted its focus towards the federal and military markets, as well as intelligent transportation systems (ITS) and multi-dwelling units (MDUs). Actelis has also entered into several financing agreements, including a $30 million equity line of credit and various private placements, which have provided approximately $9.8 million in net cash for the year. As of December 31, 2025, the company had cash and cash equivalents totaling $4.4 million, alongside an accumulated deficit of $52 million.
Operationally, Actelis has seen a shift in its customer base, with IoT customers accounting for approximately 73% of revenues in 2025, up from 72% in 2024. The company continues to rely heavily on a limited number of customers, with its top ten clients contributing 62% of total revenues in 2025, down from 74% the previous year. The company has also faced challenges related to compliance with Nasdaq listing requirements, having previously received notifications regarding its shareholders' equity and bid price compliance. However, it successfully regained compliance with these requirements by the end of 2025.
Looking ahead, Actelis Networks is focused on expanding its market presence and product offerings, particularly in the rapidly growing sectors of cybersecurity and IoT connectivity. The company aims to leverage the increasing demand for modernized communication infrastructure, driven by trends such as AI adoption and the need for enhanced cybersecurity measures. Despite the challenges posed by its financial performance and market conditions, Actelis is optimistic about its growth potential and plans to continue investing in its technology and market strategies to drive future revenue growth.
About ACTELIS NETWORKS INC
Actelis Networks, Inc. specializes in cyber-hardened networking solutions for wide-area IoT applications, targeting sectors like government, utilities, and telecommunications. Their innovative hybrid fiber technology enhances existing infrastructure, enabling rapid, cost-effective deployment of high-speed connectivity. With a focus on cybersecurity through their AI-driven MetaShield initiative, Actelis addresses critical vulnerabilities in IoT networks. The company aims to capitalize on the growing demand for secure IoT connectivity, particularly in smart city and military markets.
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