How did ASNS's revenue and expenses shift in Q4 2024?

Actelis Networks (ASNS) experienced significant shifts in both revenue and expenses in Q4 2024, reflecting operational improvements and strategic adjustments.

1. **Revenue Shift**:
- **Growth in Quarterly Revenue**: ASNS saw a substantial increase in revenue, with Q3 2024 recording $2.54 million, a 200% rise from the $0.85 million reported in Q3 2023.
- **Year-to-Date Revenue**: The nine-month revenue grew to $6.7 million by the end of Q3 2024, marking a 46% increase from the prior-year period.
- **Analyst Expectations**: However, actual revenue fell short of analyst expectations, with projected figures for the quarter ending December 31, 2024, set at $3.00 million, but the reported revenue was $1.06 million.
2. **Expense Shift**:
- **Operating Expense Reduction**: ASNS continued its downward trend in operating expenses, which totaled $2.0 million in Q3 2024, a 12% decrease compared to the same quarter in the previous year.
- **Cost Control**: For the nine-month period ending Q3 2024, operating expenses dropped to $6.0 million, representing a 17% reduction or $1.22 million.
3. **Profitability Improvement**:
- **Narrowed Net Loss**: The net loss for Q3 2024 was $511,000, a significant improvement as it marked a 41% narrowing from the $0.32 loss per share in Q3 2023.
- **Adjusted EBITDA**: The company also reported a substantial improvement in gross margin, reaching $1.74 million, or 69%, in Q3 2024, up from $0.2 million, or 27%, in the same quarter of the previous year.
- **Share Loss**: Despite the improvements, the company reported a quarterly loss of $1.8 million and experienced a share price decline of 19.4% during the quarter.

In conclusion, ASNS demonstrated robust growth in revenue, particularly in quarterly segments, alongside effective cost management that led to a substantial reduction in net losses and improved gross margins. However, the company's actual revenue for the quarter ending December 31, 2024, missed analyst expectations.