Yoav Efron
CFO at Actelis Networks
Breaking down our operating expenses, R and D was $2,400,000 down from $2,700,000 Sales and marketing were $2,600,000 down from $3,000,000 G and A was $3,200,000 down from $3,500,000 We also accepted 163,000 in a government grant in Israel in the year 2024. As a result of these improvements, our operating loss decreased to $3,800,000 compared to $7,400,000 in 2023 or by 49%. Our net loss for the year was $4,400,000 compared to $6,300,000 in 2023. On a per share basis, our loss shrunk by 67% to $0.85 per share, reflecting meaningful progress towards profitability. Non GAAP adjusted EBITDA loss improved to $3,500,000 compared to $6,100,000 in 2023, driven by our revenue growth, margin improvements and expense reductions.