Actelis Networks Q2 Revenue $3.43M, Reflecting 81% Y/Y Growth From $1.9M Last Year
Portfolio Pulse from Benzinga Newsdesk
Actelis Networks reported Q2 revenue of $3.43M, reflecting an 81% year-over-year growth from $1.9M last year. The company also reported a net loss of $78,000 and a Non-GAAP adjusted EBITDA profit of $11,000, marking its first positive quarter since 2022.
August 14, 2024 | 9:51 pm
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Actelis Networks reported significant revenue growth of 81% year-over-year in Q2, reaching $3.43M. The company also achieved a Non-GAAP adjusted EBITDA profit of $11,000, marking its first positive quarter since 2022, despite a net loss of $78,000.
The significant year-over-year revenue growth and the achievement of a Non-GAAP adjusted EBITDA profit, despite a net loss, are positive indicators for Actelis Networks. This marks a turnaround for the company, which could boost investor confidence and positively impact the stock price in the short term.
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