Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): November 14, 2024

Actelis Networks, Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-41375		52-2160309
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

4039 Clipper Court, Fremont, CA 94538
(Address of principal executive offices)

(510) 545-1045

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.0001 par value per share		ASNS		Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operation and Financial Condition.

On November 14, 2024, Actelis Networks, Inc. issued a press release which included its results of operations for the fiscal second quarter ended September 30, 2024. The press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein in its entirety.

The information included in this Item 2.02 of Current Report on Form 8-K, including the attached Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date of this Current Report on Form 8-K, regardless of any general incorporation language in any such filing, except as expressly set forth by specific reference in such filing.

Item 7.01 Regulation FD Disclosures.

The matters described in Item 2.02 of this Current Report on Form 8-K are incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

The following exhibits are filed herewith or incorporated herein by reference:

Exhibit No.		Description.
99.1		Press Release, dated November 14, 2024
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ACTELIS NETWORKS, INC.

Dated: November 14, 2024	By:	/s/ Tuvia Barlev
	Name:	Tuvia Barlev
	Title:	Chief Executive Officer

Exhibit 99.1

Actelis Networks Reports Q3 2024 Results: 200% Quarterly Revenue Growth; 46% Year-to-Date Growth Reaching $6.7 Million

Strong revenue growth and a significant increase in gross margin from 34% to 58% for the nine months ending June 2024. Q3 2024 EBITDA loss narrowed to $0.2 million, reflecting ongoing momentum and successful cost reduction efforts.

FREMONT, Calif., November 14, 2024 — 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 third quarter ended September 30, 2024.

Financial Highlights for the Third Quarter and nine months ending September 30:

●

Robust Revenue Growth, Surpassing Full-Year 2023 in Nine Months: Revenue reached $2.54 million in Q3 2024, a 200% year-over-year increase from $0.85 million in Q3 2023. For the nine months ending September 30, 2024, revenue grew to $6.7 million—up 46% from the prior-year period—driven by accelerated execution of large contracts, including $1.1 million of software and support revenues out of a two-year software and services renewal with one of our largest customers.

●

Significant Improvement in Gross Margin: Gross margin soared to $1.74 million, or 69%, in Q3 2024, a substantial increase from $0.2 million, or 27%, in the same quarter last year. This boost was driven by an increase in revenues driving lower indirect costs as a percentage of revenues, and the significant software component of revenue. For the nine months ending September 30, 2024, gross margin increased to $3.9 million, or 58%, up from $1.55 million, or 34%, in the prior-year period. This substantial improvement is driven by higher software and services revenue and other high margin sales, along with stable, low indirect costs.

●

Continued Reduction in Operating Expenses: Operating expenses continued their downward trend, totaling $2.0 million in Q3-2024, a 12% reduction compared to the same quarter last year. For the nine months ending September 30, 2024, operating expenses reached $6.0 million, down 17%, or $1.22 million, from the prior-year period, aligning with the company’s cost reduction commitment made last year.

●

Significant Reduction in Net Loss and Non-GAAP Adjusted EBITDA: Net loss narrowed substantially to $511,000 in Q3 2024, a 41% decrease compared to the prior-year quarter, and by 41% to $2.57 million for the nine months ending September 30, 2024. Non-GAAP Adjusted EBITDA improved sharply, down 87% to $233,000 in Q3 2024, and down 56% to $2.0 million for the nine-month period. These improvements reflect the successful impact of increased revenue, gross margin growth, and ongoing operating cost reductions.

●

Liquidity and Nasdaq Compliance Secured: With nearly $5 million raised in June 2024 and a significant reduction in net loss, shareholders’ equity reached $2.8 million as of September 30, 2024. In September, the Company also filed a shelf prospectus and now has an effective At-The-Market (ATM) facility in place.

“Our third-quarter results underscore Actelis’ strong financial performance and continued growth trajectory,” said Tuvia Barlev, Chairman and CEO of Actelis. “With robust revenue growth, a dramatic increase in gross margins, and disciplined cost management, we are achieving the financial resilience needed to support our expanding role in critical sectors. This progress reflects the value of our cyber-hardened, rapid-deployment networking solutions and our commitment to driving sustainable long-term growth for our shareholders.”

Recent Company Highlights

●

Actelis continues to gain strong traction with significant contract renewals and new orders across strategic markets. In Q3 2024, Actelis secured the 1.4 million renewal of a two-year software and services contract with one of its largest North American customers out of which recognized 1.1 million in Q3, underscoring the long-standing trust and value Actelis provides while further enhancing our recurring revenue base.

●

The Company also received substantial new orders across diverse sectors, solidifying Actelis’ position as a leading provider of cyber-hardened, rapid-deployment networking solutions. Key projects include modernization initiatives for Intelligent Transportation Systems (ITS) in major U.S. cities and counties, deployments for U.S. military bases, and expansion into European markets like Italy’s national highway infrastructure and German utilities.

●

Recent follow-on orders with the U.S. Department of Transportation and municipalities in Germany demonstrate Actelis’ capability to serve critical infrastructure, transportation, and government applications with its secure, hybrid-fiber technology.

●

Actelis’ expense reduction program continues to yield positive results, with operating expenses for the nine months ending June 30, 2024, reduced by 17% year-over-year, aligning with our strategic cost structure optimization plan, and preparing the Company for a strong trajectory towards 2025.

●

Actelis continues to advance its ‘Cyber Aware Networking’ initiative, an AI-powered SaaS layer designed to enhance the security of IoT networks by providing comprehensive threat monitoring and automated response capabilities directly at the network edge. As part of this initiative, and as reported on August 19, 2024, the Company is collaborating with an advanced cybersecurity provider to further develop and deliver these capabilities.

●

Following extensive due diligence, Actelis issued a termination notice on October 12, 2024, for its agreement with Quality Industrial Corp., concluding that the deal did not align with our objective to maximize shareholder value.

●

Despite ongoing tensions and conflicts in the Middle East, Actelis’ operations remain unaffected. We are closely monitoring the situation and are prepared to make necessary adjustments as events unfold.

“Our third quarter concluded positively, meeting and exceeding key expectations,” noted Tuvia Barlev, Chairman and CEO of Actelis. “Our unique ability to deliver fiber-grade hardware, software, and services across key verticals—such as Intelligent Transportation, Smart Cities, Federal and Military agencies, and Multi-Dwelling Units—positions us well to maximize revenue growth and advance towards profitability. Looking ahead, we remain focused on driving organic growth while also exploring strategic opportunities that align with our strengths and enhance the value we bring to our customers.”

Fiscal Third Quarter and First nine months 2024 Financial Results:

●

Revenues: Q3 2024 revenues were $2.54 million, reflecting a 200% year-over-year increase from $0.85 million in Q3 2023. The increase from the corresponding period was primarily attributable to an increase of $1.4 million of revenues generated from North America driven by volume increase and a renewal of a service and software contract and an increase of $0.3 million of revenues generated from Asia Pacific and Europe, the Middle East and Africa driven by volume increase.

For the nine months ended September 30, 2024, revenues were $6.7 million, compared to $4.6 million for the nine months ended September 30, 2023. The increase from the corresponding period was primarily attributable to an increase of $3.4 million in revenues generated from North America associated with volume increase and a renewal of a service and software contract offset by decrease of $1.3 million in revenues generated from Asia Pacific and Europe, the Middle East and Africa associated with completed projects in the prior year period.

●

Cost of Revenues: Cost of revenues for Q3 2024 was $0.8 million, compared to $0.6 million in Q3 2023. The increase from the corresponding period was primarily attributable to the increase in revenues as well as change in the product mix.

For the nine months ended September 30, 2024, the cost of revenues was $2.8 million, compared to $3.0 million for the nine months ended September 30, 2023. The decrease from the corresponding period was primarily attributable to the change in regional mix of revenue of an increase in North America revenues, which are more profitable, and a decrease in Europe, Middle East and Africa revenues which are less profitable

●

Gross Profit: Gross profit for Q3 2024 was $1.7 million, up from $0.23 in Q3 2023. For the nine months ended September 30, 2024, gross profit reached $3.9 million, compared to $1.5 million in the nine months ended September 30, 2023.

●

Research and Development Expenses: R&D expenses for Q3 2024 were $0.5, down from $0.7 in Q3 2023. For the nine months ended September 30, 2024, R&D expenses were $1.8 million, compared to $2.1 million in the same period last year. The decrease is primarily attributable to cost reduction measures taken.

●

Sales and Marketing Expenses: Sales and marketing expenses for Q3 2024 were $0.72, compared to $0.69 in Q3 2023. For the nine months ended September 30, 2024, these expenses totaled $2.0 million, down from $2.3 million in the nine months ended September 30, 2023.The decrease was mainly due to cost reduction measures taken.

●

General and Administrative Expenses: G&A expenses were $0.79 in Q3 2024, down from $0.97 in Q3 2023. For the nine months ended September 30, 2024, G&A expenses were $2.4 million, compared to $2.80 million for the same period last year. The decrease was mainly due to cost reduction measures taken.

●

Other Income: Other Income was $0 in Q3 2024. For the nine months ended September 30, 2024, Other Income was $163,000 driven by a government grant from the state of Israel associated with the Swords of Iron war.

●

Operating Profit/Loss: Operating profit for Q3 2024 was $0.32 million, compared to an operating loss of $2.13 million in Q3 2023. For the nine months ended September 30, 2024, the operating loss was reduced to $2.12 million, down from $5.70 million in the nine months ended September 30, 2023. The decrease was mainly due to the increase in revenues, improved gross margin due to regional revenue mix, and cost reduction measures taken, reducing operating expenses.

●

Financial Income/(expense) and Interest Expenses: Our financial income, net was $52,000 and our interest expense was $0.2 million for the three months ended September 30, 2024 compared to financial income, net of $1.4 million and $0.2 million interest expenses for the three months ended September 30, 2023. The increase is mainly due to financial income in the prior year from bank deposits and exchange rate differences not repeated in current period.

Our financial income, net was $138,000 and our interest expense was $0.6 million for the nine months ended September 30, 2024 compared to financial income, net of $1.9 million and interest expense of $0.5 million interest expenses for the nine months ended September 30, 2023. The increase is mainly due to financial income in the prior year from bank deposits and exchange rate differences not repeated in current period.

●

Net Comprehensive Profit/(Loss): Net comprehensive Loss for Q3 2024 was $0.51 million, a significant turnaround from a net loss of $0.87 million in Q3 2023. For the nine months ended September 30, 2024, the net loss was $2.57 million, compared to a net loss of $4.35 million in the nine months ended September 30, 2023. This decrease was primarily due to the increase in revenues, improved gross margin due to regional revenue mix, and cost reduction measures taken, reducing operating expenses, partially offset by financial income in the prior year not repeating itself.

●

Non-GAAP EBITDA: Non-GAAP EBITDA loss was $233,000 in Q3-2024, compared to a non-GAAP EBITDA loss of $1.76 million in the year ago period, driven by increased revenue, better gross margin and reduced operating expenses. For the nine months ended September 30, 2024, non-GAAP EBITDA loss was $2.0 million, from $4.6 million in the year ago period. This decrease was primarily due to the increase in revenues, improved gross margin due to regional revenue mix, and cost reduction measures taken, reducing operating expenses.

About Actelis Networks, Inc.

Actelis Networks, Inc. (NASDAQ: ASNS) is a market leader in hybrid fiber-copper, cyber-hardened networking solutions for rapid deployment in wide-area IoT applications, including government, ITS, military, utility, rail, telecom, and campus networks. Actelis’ innovative portfolio offers fiber-grade performance with the flexibility and cost-efficiency of hybrid fiber-copper networks. Through its “Cyber Aware Networking” initiative, Actelis also provides AI-based cyber monitoring and protection for all edge devices, enhancing network security and resilience. For more information, please visit www.actelis.com.

Use of Non-GAAP Financial Information

Non-GAAP Adjusted EBITDA, and backlog of open orders are Non-GAAP financial measures. In addition to reporting financial results in accordance with GAAP, we provide Non-GAAP operating results adjusted for certain items, including: financial expenses, which are interest, financial instrument fair value adjustments, exchange rate differences of assets and liabilities, stock based compensation expenses, depreciation and amortization expense, tax expense, and impact of development expenses ahead of product launch. We adjust for the items listed above and show Non-GAAP financial measures in all periods presented, unless the impact is clearly immaterial to our financial statements. When we calculate the tax effect of the adjustments, we include all current and deferred income tax expense commensurate with the adjusted measure of pre-tax profitability.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov.

Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Actelis is not responsible for the contents of third-party websites.

Media Contact:

Sean Renn
Global VP Marketing & Communications
srenn@actelis.com

Investor Contact:

ARX | Capital Markets Advisors
North American Equities Desk
actelis@arxadvisory.com

-Financial Tables to Follow-

ACTELIS NETWORKS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

(U. S. dollars in thousands)

	September 30, 2024		December 31, 2023
Assets
CURRENT ASSETS:
Cash and cash equivalents		2,241		620
Short term deposits		-		197
Restricted cash equivalents		300		1,565
Trade receivables, net of allowance for credit losses of $168 as of September 30, 2024, and December 31, 2023.		1,828		664
Inventories		2,372		2,526
Prepaid expenses and other current assets, net of allowance for doubtful debts of $181 and $144 as of September 30, 2024, and December 31, 2023, respectively		481		340
TOTAL CURRENT ASSETS		7,222		5,912

NON-CURRENT ASSETS:
Property and equipment, net		52		61
Prepaid expenses		592		592
Restricted cash and cash equivalents		-		3,330
Restricted bank deposits		91		94
Severance pay fund		200		238
Operating lease right of use assets		515		918
Long term deposits		78		78
TOTAL NON-CURRENT ASSETS		1,528		5,311

TOTAL ASSETS		8,750		11,223

ACTELIS NETWORKS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (continued)

UNAUDITED

(U. S. dollars in thousands)

	September 30, 2024			December 31, 2023
Liabilities, Mezzanine Equity and shareholders’ equity
CURRENT LIABILITIES:
Credit line		927			-
Current maturities of long-term loans		-			1,335
Trade payables		893			1,769
Deferred revenues		277			389
Employee and employee-related obligations		760			737
Accrued royalties		1,033			1,062
Current maturities of operating lease liabilities		450			498
Other current liabilities		735			1,122
TOTAL CURRENT LIABILITIES		5,075			6,912

NON-CURRENT LIABILITIES:
Long-term loan, net of current maturities		150			3,154
Deferred revenues		160			71
Operating lease liabilities		62			405
Accrued severance		226			270
Other long-term liabilities		16			23
TOTAL NON-CURRENT LIABILITIES		614			3,923
TOTAL LIABILITIES		5,689			10,835

COMMITMENTS AND CONTINGENCIES (Note 10)

MEZZANINE EQUITY
Redeemable convertible preferred stock - $0.0001 par value, 10,000,000 authorized as of September 30, 2024, December 31, 2023. None issued and outstanding as of September 30, 2024, December 31, 2023.		-			-

WARRANTS TO PLACEMENT AGENT (Note 7)		228			159

SHAREHOLDERS’ EQUITY :
Common stock, $0.0001 par value: 30,000,000 shares authorized: 6,254,664 and 3,007,745 shares issued and outstanding as of September 30, 2024, and December 31, 2023, respectively.		1			1
Non-voting common stock, $0.0001 par value: 2,803,774 shares authorized as of September 30, 2024, and December 31, 2023, None issued and outstanding as of September 30, 2024, and December 31, 2023.		-			-
Additional paid-in capital		45,095			39,916
Accumulated deficit		(42,263	)		(39,688	)
TOTAL SHAREHOLDERS’ EQUITY		2,833			229

TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY		8,750			11,223

ACTELIS NETWORKS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(UNAUDITED)

(U. S. dollars in thousands)

	Nine months ended September 30,						Three months ended September 30,
	2024			2023			2024			2023

REVENUES		6,698			4,589			2,541			845
COST OF REVENUES		2,792			3,043			798			619
GROSS PROFIT		3,906			1,546			1,743			226

OPERATING EXPENSES:
Research and development expenses		1,793			2,117			543			691
Sales and marketing expenses		2,001			2,332			727			691
General and administrative expenses		2,398			2,805			790			971
Other income		(163	)		-			-			-
TOTAL OPERATING EXPENSES		6,029			7,254			2,060			2,353

OPERATING LOSS		(2,123	)		(5,708	)		(317	)		(2,127	)
Interest expense		(590	)		(512	)		(246	)		(161	)
Other Financial income, net		138			1,865			52			1,421
NET COMPREHENSIVE LOSS FOR THE PERIOD		(2,575	)		(4,355	)		(511	)		(867	)

Net loss per share attributable to common shareholders – basic and diluted	$	(0.59	)	$	(1.93	)	$	(0.09	)	$	(0.32	)
Weighted average number of common stocks used in computing net loss per share – basic and diluted		4,429,738			2,254,235			6,014,548			2,685,626

Non-GAAP Financial Measures

(U.S. dollars in thousands)	Three months Ended September 30, 2024			Three months Ended September 30, 2023			Nine months Ended September 30, 2024			Nine months Ended September 30, 2023
Revenues	$	2,541		$	845		$	6,698		$	4,589
GAAP net loss		(511	)		(867	)		(2,575	)		(4,355	)
Interest Expense		246			161			590			512
Other Financial expenses (income), net		(52	)		(1,421	)		(138	)		(1,865	)
Tax Expense		1			18			33			58
Fixed asset depreciation expense		3			7			10			20
Stock based compensation		80			106			259			298
Research and development, capitalization		-			113			-			371
Other one-time costs and expenses (income)		-			120			(189	)		343
Non-GAAP Adjusted EBITDA		(233	)		(1,763	)		(2,010	)		(4,618	)
GAAP net loss margin		(20.11	)%		(102.60	)%		(38.44	)%		(94.90	)%
Adjusted EBITDA margin		(9.17	)%		(208.64	)%		(30.00	)%		(100.63	)%

ACTELIS NETWORKS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

	Nine months ended September 30,
	2024			2023
	U.S. dollars in thousands
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss for the period		(2,575	)		(4,355	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		11			20
Changes in fair value related to warrants to lenders and investors		-			(1,658	)
Warrant issuance costs		-			223
Inventories write-downs		39			132
Interest expenses		(56	)		-
Exchange rate differences		(58	)		(365	)
Share-based compensation		259			298
Financial income from short and long term bank deposit		(11	)		(78	)
Changes in operating assets and liabilities:
Trade receivables		(1,164	)		2,319
Net change in operating lease assets and liabilities		12			25
Inventories		115			(1,651	)
Prepaid expenses and other current assets		(140	)		62
Long term prepaid expenses		-			(100	)
Trade payables		(875	)		411
Deferred revenues		(23	)		(262	)
Other current liabilities		(350	)		(185	)
Other long-term liabilities		35			(30	)
Net cash used in operating activities		(4,781	)		(5,194	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Short term deposits		198			1,363
Long term Restricted bank deposits		-			75
Long term deposits		-			(2	)
Purchase of property and equipment		(1	)		(6	)
Net cash provided by investing activities		197			1,430
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of options		32			10
Proceeds from issuance of common stocks, pre-funded warrants and warrants		*			3,500
Proceeds from issuance common stock, net of offering costs		316			-
Proceeds from credit lines with bank, net		927			-
Proceeds from Warrant inducement agreement		5,248
Underwriting discounts and commissions and other offering costs		(668	)		(291	)
Early repayment of long-term loan		(4,038	)
Repayment of long-term loan		(193	)		(583	)
Repurchase of common stock		-			(50	)
Net cash provided by financing activities		1,624			2,586
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS		(14	)		(12	)

DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS		(2,974	)		(1,190	)
BALANCE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD		5,515			4,279
BALANCE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT END OF THE PERIOD		2,541			3,089

Represents an amount less than $1 thousand.

Cover	Nov. 14, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Nov. 14, 2024
Entity File Number	001-41375
Entity Registrant Name	Actelis Networks, Inc.
Entity Central Index Key	0001141284
Entity Tax Identification Number	52-2160309
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	4039 Clipper Court
Entity Address, City or Town	Fremont
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94538
City Area Code	510
Local Phone Number	545-1045
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, $0.0001 par value per share
Trading Symbol	ASNS
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false