Actelis Networks Reports Second Quarter 2023
FREMONT, Calif., Aug. 24, 2023 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ: ASNS) (“Actelis” or the “Company”), a market leader in cyber-hardened, rapid deployment networking solutions for wide area IoT applications, today reported financial results for the fiscal second quarter and first six months ended June 30, 2023.
- FREMONT, Calif., Aug. 24, 2023 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ: ASNS) (“Actelis” or the “Company”), a market leader in cyber-hardened, rapid deployment networking solutions for wide area IoT applications, today reported financial results for the fiscal second quarter and first six months ended June 30, 2023.
- Second Quarter and First Half 2023 Financial Highlights:
Revenues up 3% sequentially to $1.9 million for the second quarter ended June 30, 2023, due to improved supply chain availability, and open order backlog delivery, as components availability is improving. - This reduction in telecom business includes a reduction in software license revenues in the second quarter of 2022 affecting such trend.
- Fiscal Second Quarter and First Half 2023 Financial Results:
Revenues for the for the three months ended June 30, 2023, amounted to $1.9 million, compared to $3.1 million for the three months ended June 30, 2022.