Maris-Tech Ltd. (MTEK) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Maris-Tech Ltd. reports a significant surge in gross revenues for the first half of 2024, with an estimated increase of 630%-720% compared to the same period last year, driven by strong demand for their defense and AI-powered edge computing solutions. The company, which specializes in video and AI technology, continues its growth momentum, attributing the revenue uptick to strategic expansion in product offerings within the defense sector. Official financial statements are expected to be published on August 28, 2024.
For further insights into MTEK stock, check out TipRanks’ Stock Analysis page.