Maris-Tech (MTEK) Guides 2024 Gross Revenue of $7M+

Maris-Tech Ltd. (Nasdaq: MTEK) today released its preliminary gross revenue projection for 2024.

Maris-Tech expects its gross revenues for the year ending December 31, 2024, will be at least $7,000,000. If achieved, this would reflect an increase of approximately 75% over the Company’s preliminary gross revenue projections for 2023, which were estimated at $4,000,000. This projection for 2024 is based on the Company’s existing and anticipated orders for 2024, orders placed in prior years, and anticipated continued strong demand for the Company’s defense and AI-powered solutions.

These preliminary projections regarding estimated revenues for the year ended December 31, 2023, and for the year ending December 31, 2024, are based upon the Company’s projections and estimates. Moreover, these forecasts have been prepared solely on the basis of currently available information and are the responsibility of management. The Company's independent registered public accounting firm has not audited, reviewed, or performed any procedures with respect to such preliminary projections or the accounting treatment thereof and does not express an opinion or any other form of assurance with respect thereto. This preliminary and partial forecast information is not a comprehensive statement of our financial results for this period.

"We are looking forward to accelerated growth in 2024, with projections that anticipate a positive trend of high demand and continued validation for Maris-Tech’s innovative technologies," said Israel Bar, Chief Executive Officer of Maris-Tech.

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