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Side-by-side financial comparison of ACTELIS NETWORKS INC (ASNS) and XMax Inc. (XWIN). Click either name above to swap in a different company.
XMax Inc. is the larger business by last-quarter revenue ($1.8M vs $1.4M, roughly 1.3× ACTELIS NETWORKS INC). On growth, ACTELIS NETWORKS INC posted the faster year-over-year revenue change (28.6% vs -11.8%). Over the past eight quarters, ACTELIS NETWORKS INC's revenue compounded faster (37.2% CAGR vs -13.7%).
Actelis Networks Inc develops and manufactures high-performance broadband access networking solutions for telecom operators, enterprises and government entities. Its core products include Ethernet over copper systems delivering cost-effective high-speed connectivity over existing copper infrastructure, with key markets across North America, Europe and the Asia-Pacific.
XMax Inc. is a global tech firm focused on Web3 gaming infrastructure and interactive entertainment solutions. It builds custom game development toolkits, decentralized asset systems and cross-platform gaming products for developers and consumers in North America, APAC and Europe.
ASNS vs XWIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4M | $1.8M |
| Net Profit | $-2.5M | — |
| Gross Margin | 35.1% | 40.3% |
| Operating Margin | -122.3% | -59.3% |
| Net Margin | -184.5% | — |
| Revenue YoY | 28.6% | -11.8% |
| Net Profit YoY | -40.1% | — |
| EPS (diluted) | $-5.08 | $-0.06 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.4M | $1.8M | ||
| Q3 25 | $643.0K | $9.8M | ||
| Q2 25 | $941.0K | $2.6M | ||
| Q1 25 | $721.0K | $2.6M | ||
| Q4 24 | $1.1M | $2.0M | ||
| Q3 24 | $2.5M | $2.6M | ||
| Q2 24 | $3.4M | $2.7M | ||
| Q1 24 | $726.0K | $2.4M |
| Q4 25 | $-2.5M | — | ||
| Q3 25 | $-2.0M | $-1.1M | ||
| Q2 25 | $-1.9M | $-289.9K | ||
| Q1 25 | $-1.9M | $-338.9K | ||
| Q4 24 | $-1.8M | — | ||
| Q3 24 | $-511.0K | $-2.5M | ||
| Q2 24 | $-78.0K | $-563.5K | ||
| Q1 24 | $-2.0M | $-1.5M |
| Q4 25 | 35.1% | 40.3% | ||
| Q3 25 | 28.5% | 10.1% | ||
| Q2 25 | 32.4% | 50.2% | ||
| Q1 25 | 34.8% | 45.7% | ||
| Q4 24 | 34.3% | 42.8% | ||
| Q3 24 | 68.6% | 45.1% | ||
| Q2 24 | 56.6% | 44.4% | ||
| Q1 24 | 30.3% | 42.8% |
| Q4 25 | -122.3% | -59.3% | ||
| Q3 25 | -300.0% | -5.0% | ||
| Q2 25 | -188.4% | -7.7% | ||
| Q1 25 | -251.3% | -7.3% | ||
| Q4 24 | -154.0% | -48.4% | ||
| Q3 24 | -12.5% | -92.0% | ||
| Q2 24 | 1.9% | -18.5% | ||
| Q1 24 | -257.7% | -62.6% |
| Q4 25 | -184.5% | — | ||
| Q3 25 | -307.9% | -11.5% | ||
| Q2 25 | -202.0% | -11.3% | ||
| Q1 25 | -258.0% | -12.9% | ||
| Q4 24 | -169.4% | — | ||
| Q3 24 | -20.1% | -94.3% | ||
| Q2 24 | -2.3% | -21.0% | ||
| Q1 24 | -273.6% | -61.6% |
| Q4 25 | $-5.08 | $-0.06 | ||
| Q3 25 | $-0.17 | $-0.06 | ||
| Q2 25 | $-0.21 | $-0.02 | ||
| Q1 25 | $-0.22 | $-0.03 | ||
| Q4 24 | $-7.90 | $0.11 | ||
| Q3 24 | $-0.09 | $-0.72 | ||
| Q2 24 | $-0.01 | $-0.22 | ||
| Q1 24 | $-0.50 | $-0.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.1M | $6.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.8M | $28.0M |
| Total Assets | $9.5M | $35.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.1M | $6.7M | ||
| Q3 25 | $1.5M | $1.7M | ||
| Q2 25 | $393.0K | $468.8K | ||
| Q1 25 | $1.1M | $147.3K | ||
| Q4 24 | $2.0M | $161.9K | ||
| Q3 24 | $2.2M | $162.3K | ||
| Q2 24 | $2.4M | $363.4K | ||
| Q1 24 | $1.4M | $273.1K |
| Q4 25 | — | — | ||
| Q3 25 | $150.0K | — | ||
| Q2 25 | $150.0K | — | ||
| Q1 25 | $150.0K | — | ||
| Q4 24 | $150.0K | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $148.0K | — |
| Q4 25 | $4.8M | $28.0M | ||
| Q3 25 | $3.0M | $13.6M | ||
| Q2 25 | $1.3M | $6.5M | ||
| Q1 25 | $2.6M | $6.8M | ||
| Q4 24 | $3.0M | $3.1M | ||
| Q3 24 | $3.1M | $-895.9K | ||
| Q2 24 | $1.1M | $48.2K | ||
| Q1 24 | $-1.7M | $-42.7K |
| Q4 25 | $9.5M | $35.5M | ||
| Q3 25 | $6.9M | $18.3M | ||
| Q2 25 | $6.0M | $11.6M | ||
| Q1 25 | $7.1M | $11.9M | ||
| Q4 24 | $8.2M | $9.9M | ||
| Q3 24 | $8.8M | $5.1M | ||
| Q2 24 | $8.4M | $5.8M | ||
| Q1 24 | $10.5M | $6.2M |
| Q4 25 | — | — | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.06× | — | ||
| Q4 24 | 0.05× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.1M | $1.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.1M | $1.7M | ||
| Q3 25 | $-2.4M | $-1.9M | ||
| Q2 25 | $-1.0M | $92.5K | ||
| Q1 25 | $-2.2M | $-322.6K | ||
| Q4 24 | $-1.8M | $-263.4K | ||
| Q3 24 | $-2.4M | $-437.9K | ||
| Q2 24 | $-2.1M | $-468.7K | ||
| Q1 24 | $-203.0K | $-221.7K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-204.0K | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -28.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.1% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ASNS
| Europe Middle East And Africa | $1.1M | 83% |
| Other | $228.0K | 17% |
XWIN
| North America | $1.7M | 97% |
| Other | $50.4K | 3% |
