Actelis Networks Files Q3 2024 10-Q
Ticker: ASNS · Form: 10-Q · Filed: Nov 14, 2024 · CIK: 1141284
Sentiment: neutral
Topics: 10-Q, quarterly-report, sec-filing
Related Tickers: ASNS
TL;DR
Actelis Networks (ASNS) filed its Q3 2024 10-Q. Check financials.
AI Summary
Actelis Networks, Inc. filed its quarterly report on Form 10-Q for the period ended September 30, 2024. The company, incorporated in Delaware with its principal executive offices in Fremont, California, is registered under the ticker ASNS on The Nasdaq Capital Market. The filing covers the company's financial performance and operations during the third quarter of 2024.
Why It Matters
This filing provides investors with the latest financial and operational details for Actelis Networks, Inc., crucial for understanding the company's performance and future outlook.
Risk Assessment
Risk Level: medium — As a publicly traded company filing a 10-Q, there are inherent risks associated with its financial performance and market position.
Key Players & Entities
- ACTELIS NETWORKS INC (company) — Registrant
- September 30, 2024 (date) — Quarterly period end date
- ASNS (company) — Trading Symbol
- The Nasdaq Capital Market (company) — Exchange
- Delaware (location) — State of incorporation
- Fremont, CA (location) — Principal executive offices
FAQ
What is the reporting period for this 10-Q filing?
The quarterly period ended September 30, 2024.
What is the trading symbol for Actelis Networks, Inc.?
The trading symbol is ASNS.
On which exchange are Actelis Networks, Inc. securities traded?
Actelis Networks, Inc. securities are traded on The Nasdaq Capital Market.
Where are the principal executive offices of Actelis Networks, Inc. located?
The principal executive offices are located at 4039 Clipper Court, Fremont, CA 94538.
What is the state of incorporation for Actelis Networks, Inc.?
The state of incorporation is Delaware.
Filing Stats: 4,605 words · 18 min read · ~15 pages · Grade level 14.7 · Accepted 2024-11-14 09:06:43
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value per share ASNS The Nasdaq Cap
- $1 thousand — ,833 * Represents an amount less than $1 thousand. The accompanying notes are an integr
Filing Documents
- ea0220562-10q_actelis.htm (10-Q) — 973KB
- ea022056201ex31-1_actelis.htm (EX-31.1) — 10KB
- ea022056201ex31-2_actelis.htm (EX-31.2) — 10KB
- ea022056201ex32-1_actelis.htm (EX-32.1) — 3KB
- ea022056201ex32-2_actelis.htm (EX-32.2) — 3KB
- 0001213900-24-097877.txt ( ) — 5107KB
- asns-20240930.xsd (EX-101.SCH) — 42KB
- asns-20240930_cal.xml (EX-101.CAL) — 40KB
- asns-20240930_def.xml (EX-101.DEF) — 222KB
- asns-20240930_lab.xml (EX-101.LAB) — 423KB
- asns-20240930_pre.xml (EX-101.PRE) — 231KB
- ea0220562-10q_actelis_htm.xml (XML) — 516KB
- FINANCIAL
PART I - FINANCIAL INFORMATION F-1 Item 1. Condensed Consolidated Interim Financial Statements (Unaudited) F-1 Condensed Consolidated Balance Sheets as of September 30, 2024 (unaudited) and December 31, 2023 F-3 Unaudited Condensed Consolidated Statements of Comprehensive Loss for the three and nine months ended September 30, 2024 and 2023 F-5 Unaudited Condensed consolidated statements of redeemable convertible preferred stock, warrants to placement agent and Shareholders' equity F-6 Unaudited Condensed Consolidated Statements of Cash Flows for the three and nine months ended September 30, 2024 and 2023 F-8 Notes to Condensed Consolidated Interim Financial Statements F-10 Item 2. Management's Discussion & Analysis of Financial Condition and Results of Operations 1 Item 3. Quantitative and Qualitative Disclosure About Market Risk 9 Item 4. Controls and Procedures 9
- OTHER
PART II - OTHER INFORMATION 11 Item 1. Legal Proceedings 11 Item 1A. Risk Factors 11 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 13 Item 3. Defaults Upon Senior Securities 13 Item 4. Mine Safety Disclosures 13 Item 5 Other information 13 Item 6. Exhibits 14
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. ACTELIS NETWORKS, INC. QUARTERLY REPORT FOR THE PERIOD ENDED September 30, 2024 (Unaudited) F-1 ACTELIS NETWORKS, INC. QUARTERLY REPORT FOR THE PERIOD ENDED September 30, 2024 (Unaudited) TABLE OF CONTENTS Page Condensed consolidated financial statements (unaudited) – U.S. dollars in thousands: Condensed consolidated balance sheets F- 3 - F-4 Condensed consolidated statements of comprehensive loss F-5 Condensed consolidated statements of mezzanine and Shareholders' equity F-6 - F-7 Condensed consolidated statements of cash flows F-8 - F-9 Notes to condensed consolidated financial F-10 - F-23 F-2 ACTELIS NETWORKS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (U. S. dollars in thousands) September 30, 2024 December 31, 2023 Assets CURRENT ASSETS: Cash and cash equivalents 2,241 620 Short term deposits - 197 Restricted cash equivalents 300 1,565 Trade receivables, net of allowance for credit losses of $ 168 as of September 30, 2024, and December 31, 2023. 1,828 664 Inventories 2,372 2,526 Prepaid expenses and other current assets, net of allowance for doubtful debts of $ 181 and $ 144 as of September 30, 2024, and December 31, 2023, respectively 481 340 TOTAL CURRENT ASSETS 7,222 5,912 NON-CURRENT ASSETS: Property and equipment, net 52 61 Prepaid expenses 592 592 Restricted cash and cash equivalents - 3,330 Restricted bank deposits 91 94 Severance pay fund 200 238 Operating lease right of use assets 515 918 Long term deposits 78 78 TOTAL NON-CURRENT ASSETS 1,528 5,311 TOTAL ASSETS 8,750 11,223 F-3 ACTELIS NETWORKS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (continued) UNAUDITED (U. S. dollars in thousands) September 30, 2024 December 31, 2023 Liabilities, Mezzanine Equity and shareholders' equity CURRENT LIABILITIES: Credit line 927 - Current maturities of long-term loans - 1,335 T