MTEK Earnings Prediction
The chart below shows how MTEK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MTEK sees a -16.39% change in stock price 10 days leading up to the earnings, and a +0.72% change 10 days following the report. On the earnings day itself, the stock moves by +8.62%. This data can give you a slight idea of what to expect for the next quarter's release.
MTEK Key Earning Data
2024/Q4
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Total Revenue
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Gross Margin
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Operating Margin
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Net Margin
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EPS
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No Data Available
MTEK Earnings Analysis
Maris-Tech Ltd. Corporation (MTEK.O) Earnings Conference Call
Positive
- Maris-Tech is experiencing a significant increase in revenues, from $1 million in 2020 to $4 million in 2023, with projections for 2024 indicating revenues of approximately $7 million. This growth is supported by the company's backlog, which has increased from $600,000 to $10.8 million as of March 20, 2024. Additionally, the company's net loss decreased from $3.7 million in 2022 to $2.7 million in 2023, showcasing improved financial performance.
- Maris-Tech's technology in AI-based edge computing is gaining recognition and partnerships, as evidenced by the recent collaboration with Renesas. The company's technology is deployed in various applications, such as defense, Homeland Security, space, smart city, and commercial sectors, showcasing a diverse and expanding market presence. Maris-Tech's solutions are deployed in drones, armored vehicles, missiles, special forces, satellites, and more, demonstrating the widespread adoption of their technology.
- Maris-Tech's global market presence is expanding beyond Israel, with strong activity in the Far East, India, Europe, and efforts to access the U.S. market. The company is utilizing local partners and agents to penetrate new markets and participate in exhibitions, creating opportunities for growth and expansion. The company's focus on diversifying its geographic reach and customer base highlights a proactive approach to market development and customer acquisition.
Negative
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