Maris-Tech Ltd. sees 630%-720% revenue increase in first half of 2024

From GlobeNewswire: 2024-08-12 08:10:00

Maris-Tech Ltd. announced a significant increase in gross revenues for the six-month period ended June 30, 2024, projecting a growth of approximately 630%-720% compared to the same period in 2023. Expected revenues for this period are estimated to be around $3,00,000-$3,400,000. The company attributes this growth to successful strategic initiatives and product offerings in video and AI-based Edge Computing technology, particularly in the defense sector. CEO Israel Bar expresses satisfaction with the continuing momentum and growth trend from the previous years. The unaudited financial information is subject to completion of accounting review and should be cautiously considered. The company emphasizes that forward-looking statements entail uncertainties and risks, advising against complete reliance on them. Key factors affecting performance include marketing success, customer acceptance, competition, market changes, regulatory compliance, and strategic alliances. The company commits to updating information as necessary.



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