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Litchfield Hills Research analyst Theodore O'Neill has reiterated his Buy rating and $5 price target on Actelis Networks (Nasdaq: ASNS)* following the company's recent financial results. The analyst emphasizes that when viewed on a rolling four-quarter basis, Actelis' business is "moving in the right direction – up and to the right."
The report highlights that Actelis shares are "priced significantly below peer averages," trading at a discount of 85% to 93% on sales measures compared to industry peers. O'Neill notes that if Actelis were to trade at the simple average of its peers at 3.67x 2026 Market cap/sales, the share price would exceed $6.00, above his current $5 target.
For the full year 2024, Actelis reported revenue of ~$7.8 million, representing a 38% increase compared to FY2023. The company achieved a substantial improvement in gross margin to ~55% from ~34% in the prior year, demonstrating the effectiveness of its strategic shift toward IoT sales and higher-margin software components. Operating expenses decreased by ~13% year-over-year, reflecting the company's continued cost reduction initiatives while maintaining focus on its core markets including Federal, Military, and Smart City/Transportation sectors.
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Recent Actelis Networks News Highlights:
- Actelis Networks to Report Annual 2024 Financial Results on Monday, March 24, 2025
- Actelis Networks Reports Full Year 2024 Results: Revenue Sees 38% Growth Reaching $7.8 Million, 125% Increase in Gross Margin, Loss Per Share Shrinks by 67% to $0.85
- Actelis Networks Secures Order for Countywide Intersection Modernization in Ventura County, California
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