Actelis Networks reports 372% sequential revenue growth, 81% YoY increase, and positive EBITDA in Q2 2024.

Actelis Networks Inc reports strong Q2 2024 financials, with a 372% sequential revenue growth, 81% YoY increase, and a positive EBITDA. Revenue reached $3.43M, driven by large contracts and a 57% gross margin. Operating expenses were reduced by 20%, and the company raised nearly $5M in June 2024, improving its financial health. Actelis will present at the Virtual Investor Summit Microcap Event on August 20th.

August 14, 2024
7 Articles