Actelis Networks, Inc. (ASNS) 10-Year Financial Performance & Capital Metrics

ASNS • • Industrial / General

TechnologyCommunication EquipmentIoT & M2M CommunicationsIoT Connectivity Platforms

AboutActelis Networks, Inc., a networking solutions company, designs, develops, manufactures, and markets networking solutions for Internet of Things and telecommunication companies in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It offers ethernet access devices, aggregation switches, broadband amplifiers, and repeaters, as well as element management systems software. The company also provides consulting, troubleshooting, remote support, training, product repairing, and software update services. It serves the intelligent traffic systems, education and industrial campus, airport, smart city, rail, military, energy, oil and gas, and water sectors. The company was founded in 1998 and is based in Fremont, California.Show more

Revenue $8M +38.4%
EBITDA -$4M +49.1%
Net Income -$4M +30.4%
EPS (Diluted) -8.50 +67.4%
Gross Margin 55.03% +62.4%
EBITDA Margin -48.09% +63.2%
Operating Margin -48.43% +63.1%
Net Margin -56.37% +49.7%
ROE -259.35% +24.6%
ROIC -74.93% +25.2%
Debt/Equity 0.45 -96.8%
Interest Coverage -6.08 +36.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Trading at only 0.1x book value

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 0 (bottom 0%)
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-3.16%

TTM-56.36%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-67.33%

EPS CAGR

10Y-

5Y-

3Y-

TTM27.75%

ROCE

10Y Avg-124.81%

5Y Avg-124.81%

3Y Avg-124.81%

Latest-94.51%

Peer Comparison

IoT Connectivity Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PIImpinj, Inc.	5.17B	171.71	123.53	19.04%	-3.45%	-6.36%	2.15%	1.95
INSGInseego Corp.	179.02M	11.68	116.80	14.32%	-0.12%		18.67%
DGIIDigi International Inc.	1.62B	43.20	40	1.46%	9.48%	6.41%	6.65%	0.27
BOSCB.O.S. Better Online Solutions Ltd.	30.19M	4.88	12.51	-9.57%	6.78%	12.99%	2.57%	0.10
ASNSActelis Networks, Inc.	3.86M	0.48	-0.06	38.42%	-223.94%	-254.3%		0.45
FIEEFiEE, Inc.	22.22M	3.53	-2.63	-97.55%	-56.38%	-28.64%
MOBMobilicom Ltd	83.97M	7.02	-5.32	44.98%	-196.92%	-312.22%		0.06
AIOTPowerFleet, Inc.	756.11M	5.65	-13.14		-10.93%	-9.17%		0.64

Profit & Loss

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	8.53M	8.54M	8.83M	5.61M	7.76M
Revenue Growth %	-	0%	0.03%	-0.37%	0.38%
Cost of Goods Sold+	3.55M	4.58M	4.72M	3.71M	3.49M
COGS % of Revenue	0.42%	0.54%	0.53%	0.66%	0.45%
Gross Profit+	4.98M	3.97M	4.11M	1.9M	4.27M
Gross Margin %	0.58%	0.46%	0.47%	0.34%	0.55%
Gross Profit Growth %	-	-0.2%	0.04%	-0.54%	1.25%
Operating Expenses+	5.11M	5.83M	10.21M	9.26M	8.03M
OpEx % of Revenue	0.6%	0.68%	1.16%	1.65%	1.03%
Selling, General & Admin	2.97M	3.39M	7.45M	6.56M	5.81M
SG&A % of Revenue	0.35%	0.4%	0.84%	1.17%	0.75%
Research & Development	2.15M	2.44M	2.77M	2.7M	2.38M
R&D % of Revenue	0.25%	0.29%	0.31%	0.48%	0.31%
Other Operating Expenses	0	0	0	0	-163K
Operating Income+	-131K	-1.86M	-6.1M	-7.36M	-3.76M
Operating Margin %	-0.02%	-0.22%	-0.69%	-1.31%	-0.48%
Operating Income Growth %	-	-13.2%	-2.28%	-0.21%	0.49%
EBITDA+	-85K	-1.82M	-6.08M	-7.34M	-3.73M
EBITDA Margin %	-0.01%	-0.21%	-0.69%	-1.31%	-0.48%
EBITDA Growth %	-	-20.45%	-2.33%	-0.21%	0.49%
D&A (Non-Cash Add-back)	46K	37K	23K	27K	26K
EBIT	-1.25M	-4.56M	-10.15M	-5.52M	-3.76M
Net Interest Income+	-260K	-690K	-830K	-671K	-696K
Interest Income	-	0	0	95K	-78K
Interest Expense	260K	690K	830K	766K	618K
Other Income/Expense	-1.37M	-3.39M	-4.88M	1.08M	-616K
Pretax Income+	-1.5M	-5.25M	-10.98M	-6.29M	-4.37M
Pretax Margin %	-0.18%	-0.61%	-1.24%	-1.12%	-0.56%
Income Tax+	0	0	0	0	0
Effective Tax Rate %	1%	1%	1%	1%	1%
Net Income+	-1.5M	-5.25M	-10.98M	-6.29M	-4.37M
Net Margin %	-0.18%	-0.61%	-1.24%	-1.12%	-0.56%
Net Income Growth %	-	-2.49%	-1.09%	0.43%	0.3%
Net Income (Continuing)	-1.5M	-5.25M	-10.98M	-6.29M	-4.37M
Discontinued Operations	0	0	0	0	0
Minority Interest	0	0	0	0	0
EPS (Diluted)+	-12.30	-31.10	-63.20	-26.10	-8.50
EPS Growth %	-	-1.53%	-1.03%	0.59%	0.67%
EPS (Basic)	-12.30	-31.10	-63.20	-26.10	-8.50
Diluted Shares Outstanding	122.16K	168.83K	173.8K	241.27K	514.61K
Basic Shares Outstanding	122.16K	168.83K	173.8K	241.27K	514.61K
Dividend Payout Ratio	-	-	-	-	-

Balance Sheet

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	3.22M	4.13M	10.91M	5.91M	6.9M
Cash & Short-Term Investments	569K	693K	5.57M	817K	1.97M
Cash Only	569K	693K	3.94M	620K	1.97M
Short-Term Investments	0	0	1.62M	197K	0
Accounts Receivable	1.48M	2.27M	3.11M	664K	1.62M
Days Sales Outstanding	63.14	96.92	128.5	43.23	76.01
Inventory	1.08M	897K	1.18M	2.53M	2.44M
Days Inventory Outstanding	110.73	71.56	91.15	248.78	254.77
Other Current Assets	42K	82K	581K	1.71M	498K
Total Non-Current Assets+	542K	549K	3.91M	5.31M	1.32M
Property, Plant & Equipment	86K	103K	806K	979K	448K
Fixed Asset Turnover	99.21x	82.96x	10.96x	5.73x	17.32x
Goodwill	0	0	0	0	0
Intangible Assets	0	0	0	0	0
Long-Term Investments	102K	102K	0	0	0
Other Non-Current Assets	354K	344K	3.11M	4.33M	874K
Total Assets+	3.77M	4.68M	14.82M	11.22M	8.22M
Asset Turnover	2.27x	1.82x	0.60x	0.50x	0.94x
Asset Growth %	-	0.24%	2.16%	-0.24%	-0.27%
Total Current Liabilities+	4.62M	5.95M	6.2M	6.91M	4.58M
Accounts Payable	2.14M	1.92M	1.78M	1.77M	982K
Days Payables Outstanding	219.72	153.18	137.7	174.23	102.7
Short-Term Debt	0	758K	998K	1.33M	774K
Deferred Revenue (Current)	581K	673K	484K	389K	246K
Other Current Liabilities	1.29M	1.89M	1.7M	880K	1.48M
Current Ratio	0.70x	0.69x	1.76x	0.86x	1.51x
Quick Ratio	0.46x	0.54x	1.57x	0.49x	0.97x
Cash Conversion Cycle	-45.84	15.3	81.96	117.79	228.08
Total Non-Current Liabilities+	7.96M	12.74M	5.35M	3.92M	657K
Long-Term Debt	6.58M	10.38M	4.86M	3.15M	150K
Capital Lease Obligations	0	0	237K	405K	6K
Deferred Tax Liabilities	0	0	0	0	0
Other Non-Current Liabilities	1.37M	2.37M	89K	293K	409K
Total Liabilities	12.58M	18.7M	11.55M	10.84M	5.24M
Total Debt+	6.58M	11.14M	6.54M	5.39M	1.34M
Net Debt	6.01M	10.44M	2.6M	4.77M	-622K
Debt / Equity	-	-	2.00x	13.90x	0.45x
Debt / EBITDA	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-
Interest Coverage	-0.50x	-2.70x	-7.35x	-9.61x	-6.08x
Total Equity+	-8.81M	-14.01M	3.27M	388K	2.98M
Equity Growth %	-	-0.59%	1.23%	-0.88%	6.69%
Book Value per Share	-72.15	-82.99	18.79	1.61	5.80
Total Shareholders' Equity	-8.81M	-14.01M	3.27M	388K	2.98M
Common Stock	0	0	1K	1K	1K
Retained Earnings	-17.17M	-22.42M	-33.4M	-39.69M	-44.06M
Treasury Stock	0	0	0	0	0
Accumulated OCI	0	0	0	0	0
Minority Interest	0	0	0	0	0

Cash Flow

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-343K	-2.73M	-7.77M	-6.58M	-6.55M
Operating CF Margin %	-0.04%	-0.32%	-0.88%	-1.17%	-0.84%
Operating CF Growth %	-	-6.95%	-1.85%	0.15%	0%
Net Income	-1.5M	-5.25M	-10.98M	-6.29M	-4.37M
Depreciation & Amortization	46K	37K	23K	27K	26K
Stock-Based Compensation	43K	0	0	377K	337K
Deferred Taxes	828K	0	0	0	0
Other Non-Cash Items	755K	2.69M	5.02M	-1.36M	69K
Working Capital Changes	-510K	-207K	-1.83M	666K	-2.61M
Change in Receivables	3K	-731K	-887K	2.37M	-952K
Change in Inventory	-817K	78K	-429K	239K	-11K
Change in Payables	963K	-217K	-139K	-25K	-787K
Cash from Investing+	-21K	-54K	-4.03M	3.82M	197K
Capital Expenditures	-21K	-54K	0	-9K	-1K
CapEx % of Revenue	0%	0.01%	-	0%	0%
Acquisitions	-	-	-	-	-
Investments	-	-	-	-	-
Other Investing	0	0	-4.03M	3.83M	198K
Cash from Financing+	356K	2.9M	15.29M	3.76M	3.09M
Debt Issued (Net)	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-
Dividends Paid	0	0	0	0	0
Share Repurchases	-	-	-	-	-
Other Financing	0	0	-2.17M	-420K	4.49M
Net Change in Cash	-	-	-	-	-
Free Cash Flow+	-364K	-2.78M	-7.77M	-6.59M	-6.55M
FCF Margin %	-0.04%	-0.33%	-0.88%	-1.17%	-0.84%
FCF Growth %	-	-6.64%	-1.79%	0.15%	0.01%
FCF per Share	-2.98	-16.47	-44.70	-27.30	-12.73
FCF Conversion (FCF/Net Income)	0.23x	0.52x	0.71x	1.05x	1.50x
Interest Paid	0	0	0	0	624K
Taxes Paid	0	0	0	0	0

Key Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-336.36%	-344.16%	-259.35%
Return on Invested Capital (ROIC)	-	-	-398.58%	-100.19%	-74.93%
Gross Margin	58.39%	46.46%	46.54%	33.89%	55.03%
Net Margin	-17.64%	-61.45%	-124.36%	-112.13%	-56.37%
Debt / Equity	-	-	2.00x	13.90x	0.45x
Interest Coverage	-0.50x	-2.70x	-7.35x	-9.61x	-6.08x
FCF Conversion	0.23x	0.52x	0.71x	1.05x	1.50x
Revenue Growth	-	0.15%	3.35%	-36.52%	38.42%

Revenue by Geography

	2022	2023	2024
North America	4.35M	2.52M	6.08M
North America Growth	-	-41.95%	141.05%
Europe Middle East And Africa Member	-	-	1.47M
Europe Middle East And Africa Member Growth	-	-	-
Asia Pacific	484K	512K	204K
Asia Pacific Growth	-	5.79%	-60.16%
Europe	4M	2.53M	-
Europe Growth	-	-36.68%	-
ISRAEL	-	38K	-
ISRAEL Growth	-	-	-

Frequently Asked Questions

Growth & Financials

Actelis Networks, Inc. (ASNS) reported $3.4M in revenue for fiscal year 2024. This represents a 61% decrease from $8.5M in 2020.

Actelis Networks, Inc. (ASNS) grew revenue by 38.4% over the past year. This is strong growth.

Actelis Networks, Inc. (ASNS) reported a net loss of $7.5M for fiscal year 2024.

Dividend & Returns

Actelis Networks, Inc. (ASNS) has a return on equity (ROE) of -259.4%. Negative ROE indicates the company is unprofitable.

Actelis Networks, Inc. (ASNS) had negative free cash flow of $7.4M in fiscal year 2024, likely due to heavy capital investments.

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