ASNS earnings analysis
What we found in ASNS's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
The provided 10-Q text does not include the income statement, balance sheet, cash flow statement, segment disclosures, or MD&A, so current-quarter revenue, margins, EPS, cash flow, and working-capital trends cannot be quantified from the filing extract. The most material disclosed developments are the Nasdaq delisting and move to the OTCQB on April 24, 2026, significant Israel-related operating risk, and a 9,850,000-security financing amendment. No quantitative guidance was provided.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Controls Remained Effective
- Management concluded that disclosure controls and internal control over financial reporting were effective as of June 30, 2026, with no changes during the quarter that materially affected those controls.
- War-Related Support Received
- The company reported approximately $100,000 of Israeli government war-related support funding, while stating that operations had not experienced material disruption as of the filing date.
- Financing Registration Completed
- The July 1, 2026 White Lion amendment involved 9,850,000 commitment securities, and the related resale registration statement was declared effective by the SEC on July 7, 2026.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Nasdaq Delisting and OTCQB Liquidity
- The company’s stock began trading on the OTCQB on April 24, 2026 after Nasdaq denied continued listing on April 8, 2026. Management states OTCQB is significantly more limited and may reduce liquidity, institutional interest, business opportunities, and analyst coverage.
- Israel Geopolitical and Personnel Risk
- The company has 37 full-time employees, including 29 located in Israel, and 1 employee had been called for military service as of the filing date. Escalation of regional hostilities or additional call-ups could materially affect operations.
- Potential Equity Dilution
- The July 1, 2026 White Lion amendment issued 9,850,000 securities, consisting of 3,000,000 common shares, 3,850,000 pre-funded warrants, and 3,000,000 common warrants, creating potential dilution for existing holders.
What they said about what is next.
No quantitative revenue or EPS outlook was disclosed in the provided 10-Q text. The filing does not provide explicit guidance; outlook may be addressed in the earnings release or call.
The filing reads worse than the one before it.
What came before.
- 10-Q · May 14, 2026
- Actelis Networks, Inc. reported revenues of $958,000 for Q1 2026, a significant increase of 33% compared to $721,000 in Q1 2025. However, the company reported a higher net loss of approximately $2.5 million, up from a…
- 10-K · March 18, 2026
- Actelis positions itself as a niche provider of cyber-hardened, hybrid fiber/copper/coax networking with an AI-driven SaaS layer (MetaShield) aimed at IoT, ITS, federal/military and MDU markets. The company cites…
- 10-Q · November 14, 2025
- Actelis reported Q3 revenue of $643,000 and GAAP net loss per share of $(0.17); revenue and gross profit plunged versus prior-year quarter (Q3 2024 revenue $2,541,000; gross profit $1,743,000) while operating loss…
- 10-Q · August 14, 2025
- Actelis Networks reported Q2 revenue of $941,000 and GAAP net loss per share of $(0.21). Revenue improved sequentially (Q1 $721,000 -> Q2 $941,000) but fell sharply year-over-year (Q2 2024 $3,431,000). The company…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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