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Maris-Tech Ltd. (MTEK)
:MTEK
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Maris-Tech Ltd.
(NASDAQ:MTEK)
Rating:52Neutral
Price Target:
$3.00
▲(0.00% Upside)
Maris-Tech Ltd. (MTEK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)58.53K
Price to Earnings (P/E)―
Beta (1Y)0.89
Revenue Growth50.80%
EPS Growth54.27%
CountryUS
Employees14
SectorTechnology
Sector Strength87
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-0.17
Shares Outstanding7,983,565
10 Day Avg. Volume84,154
30 Day Avg. Volume58,528
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.34
Enterprise Value/Gross Profit10.96
Enterprise Value/Ebitda-31.58
Forecast
1Y Price Target
$3.00Price Target Upside0.00%
Rating ConsensusHold
Number of Analyst Covering1
Maris-Tech Ltd. Business Overview & Revenue Model
Company DescriptionMaris-Tech Ltd. designs and manufactures digital video and audio hardware and software solutions for the military and IoT markets worldwide. The company offers intelligent video surveillance solutions, communication technology products, modular video encoding/decoding platform, ultra-low latency streaming solutions, dual channel low power encoder systems, multi channel encoding streaming and recording platform, miniature recording and streaming platforms, and video encoding and decoding platform. Its products are used in drone, robotic, defense, homeland security, HLS, intelligence gathering, autonomous vehicle, and space markets and applications. Maris-Tech Ltd. was incorporated in 2008 and is based in Rehovot, Israel.
How the Company Makes MoneyMaris-Tech Ltd. generates revenue primarily through the sale of its advanced video and audio transmission products to defense contractors, security agencies, and commercial enterprises. The company engages in direct sales and may also leverage partnerships and collaborations with key players in the defense and technology industries to expand its market reach. By catering to sectors with high demand for real-time intelligence and surveillance capabilities, Maris-Tech is able to capitalize on both governmental and private sector investments in security and technology infrastructure. Additionally, the company's focus on innovation and adaptation to emerging market needs helps sustain its revenue streams.
Maris-Tech Ltd. Earnings Call Summary
Earnings Call Date:Apr 25, 2025
(Q4-2024)
| % Change Since: |
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.Q4-2024 Updates
Positive Updates
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.
Negative Updates
Non-Linear Revenue Generation
Revenue generation is not linear due to the project-based nature of the business, causing fluctuations between periods.
Concerns Over Indian Distributor
Investor concerns arose due to limited information about Thrikasa Technology, linked to a drop in Maris stock.
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.Maris-Tech Ltd. Financial Statement Overview
Summary
Maris-Tech Ltd. shows revenue growth but struggles with profitability, high leverage, and liquidity issues. Improvements in equity and cash flow are noted, but significant challenges remain.Income Statement
Maris-Tech Ltd. has demonstrated considerable revenue growth over the years, with a notable increase from 2023 to 2024. However, the company remains unprofitable with negative net income and negative EBITDA, indicating ongoing operational challenges. Gross profit margins have improved, but the negative EBIT and net profit margins highlight the need for cost management and strategic improvements.45
Neutral
Balance Sheet
The company's balance sheet shows a stable equity position with stockholders' equity recovering from negative values in prior years. However, the debt-to-equity ratio remains concerning, and the equity ratio suggests limited asset backing by equity. Positive trends in reducing liabilities and maintaining cash reserves are evident, yet the overall leverage and financial stability need further enhancement.40
Negative
Cash Flow
Cash flow analysis reveals persistent negative operating cash flow, indicating liquidity challenges. Although free cash flow has improved slightly, it remains negative, impacting the company's ability to fund operations without external financing. Improvements in investing cash flows are noted, but overall cash management needs attention to support growth and reduce financial strain.38
Negative
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.08M | 4.03M | 2.50M | 2.08M | 987.88K |
| Gross Profit | 3.52M | 1.93M | 782.79K | 969.31K | 487.19K |
| EBITDA | -1.25M | -2.87M | -3.67M | -567.85K | -387.43K |
| Net Income | -1.23M | -2.71M | -3.69M | -1.08M | -889.74K |
Balance Sheet | |||||
| Total Assets | 9.82M | 11.33M | 13.36M | 2.04M | 564.52K |
| Cash, Cash Equivalents and Short-Term Investments | 2.29M | 5.20M | 9.31M | 785.00 | 20.52K |
| Total Debt | 1.04M | 1.54M | 1.53M | 2.24M | 2.28M |
| Total Liabilities | 4.01M | 4.44M | 3.77M | 4.42M | 3.17M |
| Stockholders Equity | 5.82M | 6.89M | 9.60M | -2.38M | -2.60M |
Cash Flow | |||||
| Free Cash Flow | -2.41M | -3.96M | -5.14M | -882.97K | -424.53K |
| Operating Cash Flow | -2.22M | -3.87M | -4.86M | -875.00K | -418.49K |
| Investing Cash Flow | 2.96M | 5.82M | -9.30M | -29.42K | -33.54K |
| Financing Cash Flow | -489.44K | -119.54K | 14.37M | 899.18K | 455.36K |
Maris-Tech Ltd. Technical Analysis
Positive
3.00
Price Trends
2.94
Positive
2.61
Positive
2.75
Positive
Market Momentum
-0.03
Negative
59.15
Neutral
79.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MTEK, the sentiment is Positive. The current price of 3 is above the 20-day moving average (MA) of 2.55, above the 50-day MA of 2.94, and above the 200-day MA of 2.75, indicating a bullish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 59.15 is Neutral, neither overbought nor oversold. The STOCH value of 79.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MTEK.
Maris-Tech Ltd. Risk Analysis
Maris-Tech Ltd. disclosed 49 risk factors in its most recent earnings report. Maris-Tech Ltd. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
Our business, operating results and growth rates may be adversely affected by current or future unfavorable economic and market conditions and adverse developments with respect to financial institutions and associated liquidity risk. Q4, 2023
Maris-Tech Ltd. Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $50.11M | ― | -11.74% | ― | 7.47% | -133.39% | |
61 Neutral | $35.48B | 7.63 | -10.11% | 1.88% | 8.73% | -9.23% | |
52 Neutral | ― | -19.42% | ― | 50.80% | 54.27% | ||
46 Neutral | $87.60M | ― | -177.60% | ― | 8.95% | 14.34% | |
| ― | $3.02M | ― | -85.42% | ― | ― | ― | |
| ― | $5.20M | ― | -133.49% | ― | ― | ― | |
39 Underperform | $58.32M | ― | -138.61% | ― | -11.22% | ― |
* Technology Sector Average
Performance Comparison
MTEK
Maris-Tech Ltd.
3.00
1.20
66.67%
GNSS
Genasys
1.94
-1.07
-35.55%
CPSH
CPS Technologies
3.45
2.09
153.68%
IMTE
Integrated Media Technology
0.88
-0.54
-38.03%
SOBR
SOBR Safe
3.43
-114.05
-97.08%
WBX
Wallbox
4.04
-22.16
-84.58%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.