Actelis Networks lost $0.17 per share in Q3, missed estimates, and its stock dropped to $0.39 ahead of a reverse split.

Actelis Networks reported a third-quarter loss of $0.17 per share, missing estimates by $0.04, with $640,000 in revenue and negative margins. The stock fell to $0.39, with a 1-for-10 reverse split set for November 18. The company, which makes cyber-hardened networking solutions for telecom and IoT, has a market cap of $4.92 million and a 12.43% institutional ownership rate. Analysts rate it “Reduce” with a $5.00 average target.