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Maris-Tech Ltd. (MTEK)
NASDAQ:MTEK
Earnings Data
Report Date
Apr 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.06Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 25, 2025
|% Change Since: 0.00%
|Next Earnings Date:Aug 26, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant positive trends in revenue growth, reduction in net loss, and strategic market expansion, particularly in the defense sector. Despite some concerns over revenue linearity and investor apprehensions regarding a new distributor, the overall performance and outlook appear strong.Company Guidance
During the Maris-Tech Investor Webinar, the company provided substantial guidance on its financial achievements and strategic direction for 2024. The CEO, Israel Bar, highlighted a revenue growth of over 50% from $1 million in 2020 to approximately $6.1 million in 2024, attributing much of this success to the company's focus on the defense sector. The CFO, Nir Bussy, noted a significant reduction in net loss by more than 54%, from $3.7 million in 2022 to $1.2 million in 2024. Maris-Tech's strategic emphasis on edge computing solutions for defense applications, particularly in the U.S. and Indian markets, aligns with its expanding market presence and partnerships with companies like Hailo and Renaissance. The company also maintains a healthy backlog of $9.9 million in expected revenues, showcasing its promising financial trajectory and market positioning.Significant Revenue Growth
Maris-Tech saw a revenue increase from $1 million in 2020 to approximately $6.1 million in 2024, marking a growth of more than 50% compared to 2023.
Reduction in Net Loss
The company successfully decreased its net loss from $3.7 million in 2022 to $2.7 million in 2023, and further reduced it to $1.2 million in 2024, representing a decrease of more than 54% compared to 2023.
Strategic Market Penetration
Maris-Tech expanded its market presence significantly, particularly in defense and homeland security sectors, with strategic partnerships and new product launches.
Strong Backlog
The backlog at the end of March 2025 was approximately $9.9 million, expected to be recognized as revenue in the coming years.
Leadership in Edge Computing Solutions
Established a strong position as a leader in edge computing solutions, particularly in miniature low power solutions for defense markets.
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MTEK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MTEK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 25, 2025 | $2.07 | $2.12 | +2.42% |
| Aug 28, 2024 | $1.77 | $1.96 | +10.73% |
| Mar 21, 2024 | $1.40 | $1.39 | -0.71% |
| Sep 29, 2023 | $0.94 | $0.98 | +4.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Maris-Tech Ltd. (MTEK) report earnings?
Maris-Tech Ltd. (MTEK) is schdueled to report earning on Apr 25, 2025, TBA Not Confirmed.
What is Maris-Tech Ltd. (MTEK) earnings time?
Maris-Tech Ltd. (MTEK) earnings time is at Apr 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MTEK EPS forecast?
Currently, no data Available
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