Maris-Tech Ltd. (MTEK)

NASDAQ: MTEK · IEX Real-Time Price · USD
1.440
+0.040 (2.86%)
At close: May 23, 2024, 4:00 PM
1.380
-0.060 (-4.17%)
After-hours: May 23, 2024, 5:27 PM EDT
2.86%
Market Cap 11.35M
Revenue (ttm) 4.03M
Net Income (ttm) -2.71M
Shares Out 7.88M
EPS (ttm) -0.34
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 3,704
Open 1.370
Previous Close 1.400
Day's Range 1.370 - 1.440
52-Week Range 0.793 - 1.755
Beta 1.31
Analysts n/a
Price Target n/a
Earnings Date Jun 4, 2024

About MTEK

Maris-Tech Ltd. designs and manufactures digital video and audio hardware and software solutions for the professionals, civilian and home security, and defense and homeland security markets in Israel, the United Kingdom, Australia, the United States, and internationally. The company offers low latency video encoding and decoding platform to handle multiple video channels; dual channel low power encoder systems; miniature recording and streaming platforms; miniature intelligent video surveillance solutions; power and modular video encoding/decod... [Read more]

Sector Technology
IPO Date Feb 2, 2022
Employees 9
Stock Exchange NASDAQ
Ticker Symbol MTEK
Full Company Profile

Financial Performance

In 2023, Maris-Tech's revenue was $4.03 million, an increase of 60.93% compared to the previous year's $2.50 million. Losses were -$2.71 million, -26.54% less than in 2022.

Financial Statements

News

Maris-Tech to Showcase Its Innovative Solutions at the Special Operations Forces Week

The annual conference for U.S. and international special operations forces is expected to host more than 15,000 attendees

6 weeks ago - GlobeNewsWire

Maris-Tech Receives New Order for Approximately $110,000 From an Existing Customer in the Defense Industry for a Novel Miniature Intelligence-Gathering Product

The unique solution for defense applications is based on the Mars platform technology Rehovot, Israel, April 08, 2024 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Co...

6 weeks ago - GlobeNewsWire

Maris-Tech Receives New Order for $415,800 from an Existing Defense Industry Customer

The Company will deliver a product for defense applications based on its powerful Jupiter Nano platform Rehovot, Israel, April 03, 2024 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Mari...

7 weeks ago - GlobeNewsWire

Maris-Tech Announces Collaboration with Global Semiconductor Powerhouse Renesas Electronics Corporation to Advance Edge Computing Solutions and Acceptance into its Preferred Partner Program

The Preferred Partner status enables Maris-Tech to spearhead the advancement of edge computing solutions, aligning with both companies' dedication to innovation across crucial markets

2 months ago - GlobeNewsWire

Maris-Tech Announces Full Year 2023 Financial Results and a Record Revenue Year

Annual Revenues of Approximately $4.0 million for the Year Ended December 31, 2023, Representing 60% Growth in Revenue Over 2022 Annual Revenues of Approximately $4.0 million for the Year Ended Decemb...

2 months ago - GlobeNewsWire

Maris-Tech to Report 2023 Financial Results and Present 2024 Forecast on March 26, 2024

The Company will host a webinar with investors on Tuesday, March 26, 2024 at 9:00 a.m., Eastern Time

2 months ago - GlobeNewsWire

Maris-Tech Further Expands into the Defense World - Launches Emerald Raw Video Recording Solution

Rehovot, Israel, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK) ("Maris-Tech" or the "Company"), a B2B provider of edge computing artificial intelligence (AI) accelerated video solut...

3 months ago - GlobeNewsWire

Maris-Tech Receives Repeat Order for Approximately $600,000 with an Option to Increase to Approximately $730,000 from a Company in the Defense Industry for its Unique Situational Awareness Solution

Total orders for the innovative, customized system from this customer climb to approximately $1,287,000

3 months ago - GlobeNewsWire

Maris-Tech Receives Order for Approximately $190,000 From a Return Customer in the Defense Industry

For a miniature low-power solution to enhance gun sight capabilities in tactical applications

3 months ago - GlobeNewsWire

Maris-Tech Announces Record Backlog of Approximately $10,800,000

Rehovot, Israel, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK) ("Maris-‎Tech" or the "Company"), a B2B provider of edge computing artificial ‎intelligence (AI) accelerated video sol...

4 months ago - GlobeNewsWire

Maris-Tech Announces Preliminary Gross Revenue Projection For 2024 in Excess of $7,000,000

Demand for the Company's defense and AI-powered solutions is expected to increase gross revenues by approximately 75% compared to the previous year

4 months ago - GlobeNewsWire

A Record Revenue Year for Maris-Tech.

Preliminary 2023 Gross Revenues Expected to Be Approximately $4,000,000 Driven by robust demand for the Company's defense and AI-powered solutions, gross revenues increased by approximately 60% compar...

4 months ago - GlobeNewsWire

Maris-Tech Receives New Order For $550,000 From A Company In The Defense Industry For a Unique Intelligence-Gathering Situational Awareness Solution For Armored and Autonomous Vehicles

The solution is based on Maris-Tech's powerful Jupiter AI platform and features advanced capabilities Rehovot, Israel, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-T...

6 months ago - GlobeNewsWire

Maris-Tech Receives Grant Approval in the Amount of Approximately $156,000 from the Israel Innovation Authority for the Second Year of a Joint Development Project with the Ben Gurion University

The Company is jointly developing an advanced AI and machine learning-based system with the Ben Gurion University to predict drone faults integrated on Maris-Tech systems

7 months ago - GlobeNewsWire

Maris-Tech Receives $625,000 Follow-On Order for its Opal Platform from a Leading Defense Company

Order underscores the advanced capabilities, high performance and successful application of Maris-Tech's innovative products in the defense market

7 months ago - GlobeNewsWire

Maris-Tech Regains Compliance with Nasdaq Minimum Closing Bid Price Rule

REHOVOT, Israel, Oct. 24, 2023 (GLOBE NEWSWIRE) --  Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the "Company"), a B2B provider of intelligent video transmission technology with artificial i...

7 months ago - GlobeNewsWire

Maris-Tech Announces Expansion of Commercial Activity in the U.S. Defense Market

Industry Veteran Adam Emanuel has been appointed to the Company's advisory board and Maris-Tech will partner with Altagrove LLC to promote the Company's innovative solutions for integration on various...

7 months ago - GlobeNewsWire

Maris-Tech Announces Receipt of Nasdaq Minimum Price Bid Notification

Rehovot, Israel, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a B2B provider of edge AI accelerated video solutions for edge platforms, toda...

7 months ago - GlobeNewsWire

Maris-Tech and ParaZero Technologies Expand their Collaboration into the Defense Market for Drones

The joint solution will integrate safety technology and predictive maintenance into a unified platform, leveraging Maris-Tech's artificial intelligence and video analytics capabilities Rehovot, Israel...

8 months ago - GlobeNewsWire

Maris-Tech to Exhibit at Milipol Paris 2023: Featuring its AI-Based Intelligence Gathering and Advanced Video Payload Solutions

The comprehensive range of innovative solutions provides remote and autonomous platforms a technological edge in a wide range of law enforcement, homeland security and defense applications

8 months ago - GlobeNewsWire

Maris-Tech Launches Ultra-Compact AI-Powered Video Analytics Product - The Jupiter Drones for the Unmanned Aerial Vehicle Market

The versatile solution is suitable for diverse drone needs and can be tailored to multiple camera configurations

8 months ago - GlobeNewsWire

Maris-Tech Receives $280,000 Order for Jupiter-Nano Platform from a U.K. Distributor for a Drone Manufacturer

Secured from U.K. distributor Antrica, the order underscores Maris-Tech's increasing foothold in the global drone market

8 months ago - GlobeNewsWire

Maris-Tech CEO Issues Letter to Shareholders Discussing Revenue Forecast for 2023 and Market Opportunity

Maris - Tech expects revenues of approximately $3.7 to $4.2 million in 2023 , or increase of approximately 48 % to 68 % compared to 2022

8 months ago - GlobeNewsWire

Maris-Tech Announces Financial Results For the Six Months Ended June 30, 2023

Rehovot, Israel, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a B2B provider of edge computing artificial intelligence (“AI”) accelerated v...

8 months ago - GlobeNewsWire

Maris-Tech Receives New Order for $234,000 from a Governmental Agency for the Development of a Customized Solution for Intelligence-Gathering Applications

The C ompany continues to make inroads in to the intelligence field among government agencies

8 months ago - GlobeNewsWire