Maris-Tech Ltd.

Maris-Tech reported revenues of approximately $6.1 million in 2024, up more than 50% from 2023, after growing from $1 million in 2020. Net loss fell to $1.2 million in 2024 from $2.7 million in 2023 and $3.7 million in 2022, a decline of more than 54% versus 2023. Backlog at the end of March was approximately $9.9 million, which management expects to recognize as revenue in coming years. Cash and cash equivalents at the end of December were approximately $2.3 million. Management said cash flow, customer proceeds, and its line of credit should be sufficient to support growth and operations for the next 12 months. No next-quarter or full-year revenue guidance was provided.

CEO Israel Bar framed the company as having become a defense and homeland security supplier, saying the shift accelerated in late 2023 and throughout 2024. He emphasized that Maris’s edge-computing platforms are being used on drones, armored vehicles, and intelligence-gathering systems, and said the opportunity set is expanding as warfare becomes more technology-driven. His tone was upbeat and strategic, with repeated references to new products, partnerships, and a push into the U.S. and Indian markets.

CFO Nir Bussy focused on the company’s public-company financial highlights and liquidity. He cited 2024 revenue of approximately $6.1 million, backlog of approximately $9.9 million at the end of March, net loss of $1.2 million, and cash and cash equivalents of approximately $2.3 million at the end of December. He said cash flow, customer proceeds, and the line of credit should be enough to fund operations for the next 12 months.

In Q&A, management addressed a question about the Indian distributor agreement and a possible link to the stock drop, saying the company had just started the relationship and did not see any relation between the agreement and the share price. They also explained that revenue can move unevenly because Maris is still a project-based company with orders that are not linear through the year. When asked about forecast expectations, management declined to provide non-public guidance.