ASNS ACTELIS NETWORKS INC

Overview and Growth

Fiscal 2025 results for ACTELIS NETWORKS INC combined $3.67M of revenue with net loss of $8.26M and an operating cash outflow of $7.69M. At $3.67M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 52.7% below fiscal 2024 revenue of $7.76M, marking a top-line contraction. Diluted earnings per share were -$5.68, translating the period’s attributable earnings into the amount reported for each diluted share. The diluted weighted-average share count was 1.45M, linking total earnings with the per-share result received by shareholders. The company employed $9.53M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.39x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Gross profit was $1.22M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 33.2% of revenue, showing how much of the top line remained after direct costs. The company recorded an operating loss of $7.18M after the reported operating expense base. Relative to revenue, the operating deficit measured 195.7%, showing the shortfall after operating costs. The bottom-line result was a net loss of $8.26M after operating, financing, tax, and other recognized items. Net margin was -225.0%, reflecting a loss equal to 225.0% of reported revenue. Negative EBITDA totaled $7.17M, confirming that the earnings deficit remained before depreciation and amortization. Relative to period-end equity, the net loss represented 172.2%. The loss-to-assets relationship was 86.7%, placing the bottom-line deficit against the company’s resource base. The bottom-line deficit increased from $4.37M in fiscal 2024 to $8.26M.

Liquidity and Capital Structure

The company held $9.53M of assets against $4.73M of liabilities and $4.80M of equity, revealing how the asset base was financed. Current assets were $8.59M against $3.49M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 2.46x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Reported cash and equivalents were $4.06M, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 116.2%, excluding receivables and other current assets. The company carried $500.00K of total debt at period end, which frames its leverage and debt-service burden. Debt equaled 0.1x of book equity, describing the relative scale of borrowing and shareholder capital. Debt represented 5.2% of total assets, placing borrowing in the context of the company’s full resource base. Equity equaled 50.3% of assets, showing the shareholder-capital layer within the company’s balance sheet. Liabilities represented 49.7% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 42.6%, comparing reported cash and equivalents with the full positive asset balance. Compared with $8.22M in fiscal 2024, the current asset base moved 15.9% and finished higher. Reported equity changed 60.7% from $2.98M in fiscal 2024, placing the current capital base higher year over year. Compared with $1.97M in fiscal 2024, the current cash balance moved 106.3% and finished higher.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $7.69M, showing that operations absorbed cash during the period. The company spent $9.00K on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. The company recorded a $7.70M cash deficit after capital spending for the period. Relative to revenue, the post-investment cash deficit represented 209.8%. The cash deficit after capital spending represented 80.8% of the period-end asset base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.