Demo
ASNS Nasdaq· Actelis Networks Inc
FundamentalsNews digest Peer analysis
Login
ASNS Nasdaq· Actelis Networks Inc
Earnings report Q3 2023

ASNS Reports Decrease in Revenue for Q3 2023

Segments of Revenue

ASNS reported revenues of $0.85 million for the three months ended September 30, 2023, compared to $1.35 million for the same period in 2022. This decrease was primarily due to a decline in revenues generated from North America by $0.2 million and a decrease in revenues generated from Asia Pacific and Europe, the Middle East, and Africa by $0.3 million.

Strengths

Despite the decrease in revenue, ASNS highlighted an increase of $0.1 million in revenues generated from Asia Pacific, which partially offset the decline in other regions. This indicates potential growth opportunities in the Asia Pacific market.

Challenges

ASNS faced challenges in the form of a decrease in revenue for the nine months ended September 30, 2023. Revenues amounted to $4.6 million, compared to $6.3 million for the same period in 2022. The decrease was primarily attributable to a decline of $1.4 million in revenues generated from North America and a decrease of $0.4 million in revenues generated from Europe, the Middle East, and Africa.

Noteworthy

ASNS provided a cautionary note regarding forward-looking statements, emphasizing the presence of risks and uncertainties that could impact future operating performance or financial condition. This suggests that the company is aware of potential challenges and is taking a cautious approach.

Summary

ASNS experienced a decrease in revenue for the three months ended September 30, 2023, compared to the same period in 2022. The decline was primarily driven by lower revenues from North America, Asia Pacific, and Europe, the Middle East, and Africa. However, there was a slight increase in revenues from Asia Pacific, indicating potential growth opportunities in that market. The company's cautionary note regarding forward-looking statements suggests a recognition of potential risks and uncertainties. Overall, ASNS faces challenges in maintaining revenue growth but may find opportunities for expansion in certain regions.

Source documents

Form 10-Q  filed on Nov 14, 2023
8 pages scanned

Reference data

Company financials Q3 revenue 845k
Analyst estimates Q3 EPS missed by NaN%
Sign up to Fey

Get in-depth analysis on thousands of stocks for just $30/month. Cancel anytime.