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Maris Tech Ltd.
MTEKCIK 0001872964NasdaqNon-AcceleratedEmerging GrowthCommunications Equipment, NecL3ILFY ends Dec 31
Period
FY 2024
Revenue
$6.08M
Net Income
$-1.23M
Total Assets
$9.82M
Equity
$5.82M
Shares Out
8.05M
Op. Cash Flow
$-2.22M
Business
Maris Tech Ltd. develops, designs and manufactures high-end digital video and audio products and edge AI-enabled systems for professional, defense, homeland security and civilian markets. It offers miniature, low-power hardware platforms with embedded software for video/audio capture, processing, encoding, recording, streaming, playback and AI analytics, sold as OEM modules, final products and customizable solutions. Key business segments include product families such as Jupiter, Uranus, Mars, Venus and ruggedized/legacy lines tailored for unmanned platforms, armored vehicles and tactical use. Maris Tech sells through sales representatives, distributors and resellers and operates in Israel, the United States and international markets including the U.K., Australia, Switzerland, India and Eastern Europe.
Summary from filing dated 2025-03-28
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 | Dec 31, 2023 2023-12-31 |
|---|---|---|---|---|
| Revenues | 1 | 6 | 4 | |
| Cost of revenues | 2 | 3 | 2 | |
| Gross profit (loss) | −363,749 | 4 | 2 | |
| Operating expenses: | — | — | — | |
| Research and development, net | 1 | 927,048 | 1 | |
| Sales and marketing | 1 | 923,439 | 874,793 | |
| General and administrative | 2 | 3 | 3 | |
| Total operating expenses | 5 | 5 | 5 | |
| Loss from operations | −5 | −1 | −3 | |
| Financial expenses (income), net | −184,897 | 114,852 | 220,006 | |
| Net loss | −5 | −1 | −3 | |
| Basic net loss attributable to shareholders per Ordinary Share (in Dollars per share) | −0.67 | −0.16 | −0.34 | |
| Diluted net loss attributable to shareholders per Ordinary Share (in Dollars per share) | −0.67 | −0.16 | −0.34 | |
| Weighted average number of Ordinary Shares used in computing loss per Ordinary Share (in Shares) | 8 | 8 | 8 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 |
|---|---|---|---|
| CURRENT ASSETS: | — | — | |
| Cash and cash equivalents | 3 | 2 | |
| Trade receivables, net | 588,949 | 3 | |
| Other current assets and prepaid expenses | 267,019 | 322,449 | |
| Inventories | 3 | 3 | |
| Total current assets | 6 | 9 | |
| NON-CURRENT ASSETS: | — | — | |
| Restricted deposits | 47,271 | 40,553 | |
| Property, plant and equipment, net | 313,772 | 407,430 | |
| Severance pay fund | 224,306 | 175,463 | |
| Operating lease right-of-use assets | 356,264 | 475,515 | |
| Total non-current assets | 941,613 | 1 | |
| Total assets | 7 | 10 | |
| CURRENT LIABILITIES: | — | — | |
| Short term bank credit | 2 | 9,345 | |
| Trade payables | 631,472 | 1 | |
| Other current liabilities | 1 | 2 | |
| Current liabilities from related parties | 270,619 | 552,213 | |
| Total current liabilities | 4 | 3 | |
| NON-CURRENT LIABILITIES: | — | — | |
| Non-current loans from related parties | — | 45,343 | |
| Non-current operating lease liabilities | 155,330 | 268,800 | |
| Convertible promissory notes | 2 | — | |
| Accrued severance pay | 503,372 | 440,295 | |
| Total non-current liabilities | 3 | 754,438 | |
| Total liabilities | 7 | 4 | |
| COMMITMENT AND CONTINGENCIES | — | — | |
| SHAREHOLDERS’ EQUITY: | — | — | |
| Ordinary Shares, no par value - Authorized: 100,000,000 shares at December 31, 2025 and 2024; Issued: 8,194,306 and 8,104,180 shares at December 31, 2025 and 2024, respectively; Outstanding: 8,073,591 and 7,983,465 shares at December 31, 2025 and 2024, respectively | — | — | |
| Treasury shares at cost (120,715 Ordinary Shares at December 31, 2025 and 2024) | 119,536 | 119,536 | |
| Additional paid-in capital | 18 | 18 | |
| Accumulated deficit | −18 | −12 | |
| Total shareholders’ equity | 601,583 | 6 | |
| Total liabilities and shareholders’ equity | 7 | 10 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 | Dec 31, 2023 2023-12-31 |
|---|---|---|---|---|
| Net loss from operations | −5 | −1 | −3 | |
| Adjustments required to reconcile net loss to net cash used in operating activities: | — | — | — | |
| Depreciation | 116,358 | 97,213 | 60,649 | |
| Share-based compensation | 166,571 | 154,450 | 126,769 | |
| Financial expense (income) | −5,781 | −7,014 | −23,567 | |
| Remeasurement of convertible promissory notes | 41,696 | — | — | |
| Increase in short-term bank credit | −1,495 | — | — | |
| Decrease (increase) in trade receivables, net | −3 | 504,396 | 1 | |
| Decrease (increase) in other current assets and prepaid expenses | −55,430 | 149,640 | −186,782 | |
| Increase in inventories | 251,774 | 649,663 | 977,922 | |
| Increase in Severance pay fund | −48,843 | −13,410 | −5,330 | |
| Increase (decrease) in trade payables | −525,095 | −58,054 | 131,276 | |
| Increase (decrease) in other current liabilities | −450,176 | 151,602 | 633,009 | |
| Decrease in current liabilities from related parties | 3,693 | 8,089 | — | |
| Increase (decrease) in accrued severance pay | 63,077 | −28,896 | 43,449 | |
| Net cash used in operating activities | −3 | −2 | −4 | |
| Cash flows from investing activities: | — | — | — | |
| Investment in short-term bank deposits | — | 8 | 6 | |
| Proceeds from short-term bank deposits | — | 11 | 12 | |
| Investment in marketable equity securities | — | — | 200,000 | |
| Proceeds from marketable equity securities | — | — | 108,857 | |
| Purchase of property and equipment | 22,700 | 190,994 | 90,508 | |
| Net cash provided by (used in) investing activities | −22,700 | 3 | 6 | |
| Cash flows from financing activities: | — | — | — | |
| Issuance of convertible promissory notes | 2 | — | — | |
| Increase in short-term bank credit, net | 2 | 9,345 | — | |
| Repurchase of treasury shares | — | — | 119,536 | |
| Exercise of options and warrants | 29,286 | — | — | |
| Repayment of loan from shareholders | 330,630 | 498,781 | — | |
| Net cash provided by (used in) financing activities | 4 | −489,436 | −119,536 | |
| Increase in cash, cash equivalents and restricted deposits | 257,862 | 252,046 | 2 | |
| Cash, cash equivalents and restricted deposits at the end of the year | — | — | — | |
| Cash, cash equivalents and restricted deposits at the end of the year | — | — | — | |
| Supplementary disclosure on cash flows: | — | — | — | |
| Interest paid | 102,096 | 2,572 | 5,934 | |
| Interest received | 14,849 | 255,204 | 157,627 | |
| Supplemental disclosures of non-cash flow information: | — | — | — | |
| Right-of-use assets obtained in the exchange for operating lease liabilities | 41,235 | 139,254 | — |
Filings
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