Actelis Networks Reports Strong Third Quarter Growth and Cost Savings

SUNNYVALE, Calif., Nov. 10, 2026 /CourierPR/ -- Actelis Networks, a market leader in cyber-hardened, rapid-deployment networking solutions for IoT and broadband applications, reported strong financial results for the third quarter of 2026. The company saw a significant increase in revenue, up 68% year over year to $1.1 million, marking the third consecutive quarter of growth. This growth was driven by deliveries to federal and intelligent transportation customers in the U.S., with North American revenue increasing by 170%.

The company's federal and military momentum is highlighted by a cyber-hardened, fiber-grade networking upgrade that brought digital VoIP service to 65 buildings at a U.S. Marine Corps base over existing wiring, without the need for new fiber construction. Actelis also deepened its engagement with U.S. Army communications networking leaders and defense integrators at AFCEA TechNet Augusta, identifying a strong fit with more than 15 federal programs of record.

In the broadband sector, regional carriers in Alaska placed orders to extend business-class broadband to remote schools and healthcare facilities over existing infrastructure. Actelis continued to deliver upgraded software and services to a leading North American carrier under a renewal contract, while also releasing new cyber-hardened software for vulnerability mitigation.

Actelis is expanding its work with cities, transportation agencies, and ITS partners, planning to introduce a new GL800 Gigabit-speed product in the fourth quarter of 2026 for transportation and smart-city applications. In hospitality and professional AV, the company is working with large partners, including VITEC, to bring its technology into buildings where upgrading existing wiring accelerates deployment and reduces the need for new cabling.

For the first nine months of 2026, Actelis reported a 38% increase in revenue to $3.2 million, compared with $2.3 million for the same period in 2025. North American revenue increased by 56%, while EMEA and Asia-Pacific revenue each saw a 13% increase. Gross margin improved to 39% from 32%, and operating expenses declined 10% to $1.9 million from $2.1 million, the lowest level of any quarter in 2026. Sales and marketing expenses decreased by 24%, and general and administrative expenses fell by 14%, excluding $73,000 of government grant income in the prior-year quarter.

Actelis is pursuing M&A with a cyber and AI focus as a means of accelerating growth and scale. Relisting on Nasdaq remains a strategic priority, with the company amending its $30 million equity line of credit in July 2026 to allow for use while its shares trade on the OTCQB. In April 2026, shareholders approved a reverse stock split within a range of 1-for-10 to 1-for-25, giving the Board of Directors until April 2027 to decide whether and when to implement it.