Actelis Networks reported third-quarter 2026 revenue of $1.1 million, an increase of 68% from $643,000 a year earlier and the company’s third consecutive quarter of year-over-year growth.
North American revenue increased 170%, supported by deliveries to federal and intelligent transportation system customers in the U.S. Asia-Pacific revenue increased 233%, while the company also continued serving transportation and infrastructure customers across Europe, the Middle East, and Africa.
Gross profit rose to approximately $431,000 from $183,000. Gross margin expanded to 40% from 28%, reflecting the higher revenue level and a more favorable contribution from software.
Operating expenses declined 13% year over year. The combination of revenue growth, higher gross margin, and lower expenses reduced Actelis’ quarterly net loss by 37% to $1.2 million from approximately $2 million.
The adjusted EBITDA loss narrowed to $1.4 million from $1.8 million. Although that represented 130% of quarterly revenue, it was a substantial improvement from 283% in the prior-year period.
For the first nine months of 2026, revenue increased 38% to $3.2 million from $2.3 million. North American revenue rose 56%, while revenue in Europe, the Middle East, and Africa and Asia-Pacific increased 13%. The nine-month net loss narrowed 11% to $5.1 million, while the adjusted EBITDA loss improved to $4.7 million from $5.2 million.
Actelis ended the quarter with $4.8 million in cash and cash equivalents, compared with approximately $4.1 million at the end of 2025. The company is seeking to convert its pipeline of transportation, utility, government, and military-networking opportunities into revenue while pursuing the strategic and capital-markets steps required for a return to Nasdaq.
KEY QUOTE:
“We grew revenue year over year for the third quarter in a row, and revenue grew 68%, gross margin rose to 40% from 28% and operating expenses fell 13%, cutting our net loss by more than a third.”
Tuvia Barlev, Chairman and Chief Executive Officer of Actelis Networks
