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Actelis Networks | 10-Q: Q2 2024 Earnings Report

Actelis Networks | 10-Q: Q2 2024 Earnings Report

Actelis Networks | 10-Q:2024财年二季报
美股SEC公告 ·  2024/08/15 05:25

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Actelis Networks reported strong Q2 2024 results with revenues increasing to $3.4 million, up from $1.9 million in Q2 2023. The company achieved an operating profit of $66,000 in Q2 2024, compared to an operating loss of $1.7 million in the same period last year. Net loss significantly narrowed to $78,000 from $1.6 million year-over-year.The improved performance was driven by increased North American sales and enhanced operational efficiency through cost reduction measures. Gross profit rose to $1.9 million in Q2 2024 from $632,000 in Q2 2023, while operating expenses decreased to $1.9 million from $2.4 million. The company also received a $163,000 government grant related to the Israel-Hamas conflict.Looking ahead, Actelis faces ongoing challenges including Nasdaq listing compliance requirements and geopolitical risks in Israel where its R&D facilities are located. The company's cash position stood at $3.3 million as of June 30, 2024, with management actively pursuing additional funding options while implementing strategic cost controls to support continued growth.
Actelis Networks reported strong Q2 2024 results with revenues increasing to $3.4 million, up from $1.9 million in Q2 2023. The company achieved an operating profit of $66,000 in Q2 2024, compared to an operating loss of $1.7 million in the same period last year. Net loss significantly narrowed to $78,000 from $1.6 million year-over-year.The improved performance was driven by increased North American sales and enhanced operational efficiency through cost reduction measures. Gross profit rose to $1.9 million in Q2 2024 from $632,000 in Q2 2023, while operating expenses decreased to $1.9 million from $2.4 million. The company also received a $163,000 government grant related to the Israel-Hamas conflict.Looking ahead, Actelis faces ongoing challenges including Nasdaq listing compliance requirements and geopolitical risks in Israel where its R&D facilities are located. The company's cash position stood at $3.3 million as of June 30, 2024, with management actively pursuing additional funding options while implementing strategic cost controls to support continued growth.
Actelis Networks报告了强劲的2024年第二季度业绩,收入达到340万美金,比2023年第二季度的190万美金增长。公司在2024年第二季度实现营业利润66,000美金,而去年同期则亏损170万美金。净亏损显著收窄,从去年同期的160万美金减少到78,000美金。改善的业绩得益于北美销售的增长以及通过降低成本措施提高的运营效率。2024年第二季度毛利润从2023年第二季度的632,000美金增长到190万美金,而营业费用则从240万美金减少到190万美金。公司还获得了与以色列-哈马斯冲突相关的163,000美金的政府补助。展望未来,Actelis面临持续的挑战,包括纳斯达克上市合规要求和以色列的地缘政治风险,公司的研发设施位于该地。截至2024年6月30日,公司现金余额为330万美金,管理层积极寻求额外的融资选项,同时实施战略性成本控制以支持持续增长。
Actelis Networks报告了强劲的2024年第二季度业绩,收入达到340万美金,比2023年第二季度的190万美金增长。公司在2024年第二季度实现营业利润66,000美金,而去年同期则亏损170万美金。净亏损显著收窄,从去年同期的160万美金减少到78,000美金。改善的业绩得益于北美销售的增长以及通过降低成本措施提高的运营效率。2024年第二季度毛利润从2023年第二季度的632,000美金增长到190万美金,而营业费用则从240万美金减少到190万美金。公司还获得了与以色列-哈马斯冲突相关的163,000美金的政府补助。展望未来,Actelis面临持续的挑战,包括纳斯达克上市合规要求和以色列的地缘政治风险,公司的研发设施位于该地。截至2024年6月30日,公司现金余额为330万美金,管理层积极寻求额外的融资选项,同时实施战略性成本控制以支持持续增长。
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