Financial Data and Key Metrics Changes - Company reported a revenue growth of 50% in 2024, increasing from approximately $6.1 million compared to 2023 [10][23] - Net loss decreased from $3.7 million in 2022 to $2.7 million in 2023, and further to $1.2 million in 2024, representing a decrease of over 54% compared to 2023 [24] - Cash and cash equivalents as of December were approximately $2.3 million, sufficient to support growth and operations for the next twelve months [24] Business Line Data and Key Metrics Changes - The main focus is on the defense market, with significant revenue generation expected in 2024 due to increased demand for defense technology [8][9] - Company has developed unique solutions for various applications, including drones and armored vehicles, with over 1,000 tanks equipped with their technology [15][16] Market Data and Key Metrics Changes - The worldwide edge computing market is growing rapidly, with increasing deployment of drones and robots in modern warfare [9] - Company is expanding its presence in Western Europe, North America, Eastern Europe, and India, where there is a clear demand for their technology [11] Company Strategy and Development Direction - Company aims to provide final products and leverage strategic partnerships to enhance market opportunities [9][16] - Focus on miniature low power solutions for drones, with significant market potential highlighted, especially in regions like Ukraine [18][19] Management's Comments on Operating Environment and Future Outlook - Management emphasized the strong revenue generation potential from the defense market in 2024, driven by global demand for advanced defense solutions [8][10] - The company is positioned as a leader in edge computing solutions, particularly in miniature low power applications [10] Other Important Information - Company has established partnerships with key players in the industry, including HALO for AI capabilities and various defense contractors [6][7] - Recent announcements include significant orders for intelligence gathering and situational awareness platforms, indicating strong market interest [12][13] Q&A Session Summary Question: What is the status of the agreement with the Indian distributor? - Management stated that the agreement with the Indian distributor is expected to open new opportunities in the defense market, and there is no direct relation to the recent drop in stock price [27] Question: Why were revenues lower in the second half of 2023 compared to the first half of 2024? - CFO explained that revenues are not linear throughout the year due to the nature of project-based orders, leading to fluctuations [29] Question: What are the future expectations for revenue? - Management indicated that future forecasts are not public information at this stage [29]

Financial Data and Key Metrics Changes - Company reported a revenue growth of 50% in 2024, increasing from approximately $4.1 million in 2023 to about $6.1 million in 2024 [29] - Net loss decreased from $2.7 million in 2023 to $1.2 million in 2024, representing a reduction of over 54% [31] - Cash and cash equivalents at the end of December were approximately $2.3 million, sufficient to support growth and operations for the next 12 months [31] Business Line Data and Key Metrics Changes - The primary focus is on the defense market, with significant revenue generation expected from this sector in 2024 [10] - Company has equipped over 1,000 tanks with situation awareness technology, marking one of the largest deployments from a single company [18] - Solutions for drones are already mounted on thousands of drones worldwide, enhancing surveillance and target striking capabilities [17] Market Data and Key Metrics Changes - Company is expanding its presence in Western Europe, the U.K., North America, Eastern Europe, and India, where there is a clear demand for technology [14] - The worldwide edge computing market is growing rapidly, with increasing opportunities in modern warfare technologies such as drones and robots [11] Company Strategy and Development Direction - Company aims to provide final products and leverage strategic partnerships, particularly focusing on the U.S. and Indian markets [12] - Plans to develop miniature low-power solutions for drones, responding to the growing demand in the drone market [22] - Roadmap includes integrating Maris solutions with thermal cameras and developing unique AI-based detection solutions [26] Management's Comments on Operating Environment and Future Outlook - Management highlighted a strong revenue generation potential from the defense market due to global demand for advanced defense technologies [10] - The company is positioned as a leader in edge computing solutions, particularly in miniature low-power applications [12] - Management expressed confidence in the growth trajectory and market opportunities, despite the non-linear revenue patterns [35] Other Important Information - Company has established partnerships with key players in the industry, including Hailo for AI capabilities and various defense contractors [7][8] - Significant orders have been received for intelligence gathering and situation awareness platforms, indicating strong market demand [15] Q&A Session Summary Question: What is the status of the agreement with the Indian distributor? - Management confirmed the signing of an agreement with Thrikasa Technology, which is expected to open new opportunities in the defense market, and stated that there is no relation between this agreement and the recent drop in stock price [33] Question: Why was there a decrease in revenues between the second half of 2023 and the first half of 2024? - Management explained that revenues are not linear due to the project-based nature of the business, leading to fluctuations between periods [35] Question: What are the future expectations for the company? - Management indicated that future forecasts are not public information at this stage [36]

Core Insights - Maris-Tech Ltd. has entered into a distribution agreement with Thrikasa Technologies to enhance its presence in the Indian defense market [1][2][3] - Thrikasa Technologies, based in Hyderabad, has extensive experience in providing advanced technology solutions to defense, aerospace, and critical infrastructure sectors [2] - The collaboration will involve joint marketing efforts, exhibition participation, and coordinated sales strategies to better serve Indian customers [2][3] Company Overview - Maris-Tech is recognized as a global leader in video and AI-based edge computing technology, specializing in intelligent video transmission solutions [3] - The company's products are characterized by their miniature size, lightweight design, and low power consumption, delivering high-performance capabilities in data processing and AI-driven analytics [3] - Maris-Tech serves various industries, including defense, aerospace, intelligence gathering, homeland security, and communications, focusing on innovation in mission-critical applications [3]

Financial Performance - Revenues for the year ended December 31, 2024 were $6,078,953, an increase of $2,047,850 or 51% compared to $4,031,103 in 2023[264] - Gross profit for 2024 was $3,516,121, representing a gross profit rate of 57.8%, an increase of $1,588,725 or 82% from $1,927,396 in 2023[266] - Net loss for 2024 was $1,233,892, a decrease of $1,475,704 or 54% compared to a net loss of $2,709,596 in 2023[274] Cash Flow and Assets - Cash used in operating activities was $2,219,583 for 2024, a reduction from $3,871,157 in 2023[285] - As of December 31, 2024, the company had $2,335,232 in cash and cash equivalents and restricted deposits[283] Backlog and Future Revenues - The backlog as of January 1, 2025, was approximately $9.8 million, expected to contribute to future revenues[281] Expenses - Research and development expenses for 2024 were $927,048, a decrease of $127,847 or 12% from $1,054,895 in 2023[268] - Sales and marketing expenses increased by $48,646 or 6% to $923,439 in 2024 compared to $874,793 in 2023[269] - General and administrative expenses were $3,014,378 for 2024, an increase of $87,068 or 3% from $2,927,310 in 2023[270] Grants and Funding - As of December 31, 2024, the total amount of grants received was approximately $608,000, including accumulated interest[295] - In August 2022, a joint grant with Ben Gurion University was approved, totaling NIS 1,314,024 (approximately $360,303), covering 66% of the project's first-year budget[296] - In June 2023, a grant of NIS 1,209,797 (approximately $331,724) was approved for the first-year development of a nanosatellite platform, representing 50% of the total budget[297] - The total research and development income recorded for the year ended December 31, 2024, was NIS 1,152,294 (approximately $307,962)[299] - The grant for the second year of the joint project with Ben Gurion University was approved in November 2023, totaling NIS 935,544 (approximately $256,524)[298] Economic Conditions - The annual rate of inflation in Israel was 3.2% in 2024 and 3.0% in 2023, with the NIS revaluating against the U.S. dollar by approximately 0.6% in 2024 and 3.1% in 2023[543] Currency and Risk Management - The company does not currently hedge its foreign currency exchange risk but may consider formal currency hedging transactions in the future[541] - The company anticipates that a significant portion of its expenses will continue to be denominated in NIS, which may impact results if the U.S. dollar fluctuates significantly against the NIS[539] - The company does not believe that off-balance sheet arrangements will materially affect its financial condition or results of operations[299] Intellectual Property - The company has not utilized the intellectual property developed with governmental grants in any products since 2013[295] Credit Facilities - The company entered into a $4 million credit line agreement on March 26, 2025, secured by all assets[293]

Core Viewpoint - Maris-Tech Ltd. has secured a $4 million line of credit from a leading Israeli commercial bank, which will provide the company with flexibility to pursue strategic opportunities and enhance its commercial activities without diluting shareholder equity [1][3][4]. Financial Details - The line of credit is for a duration of 12 months and is structured on accepted commercial terms for similarly-sized companies, including fixed and floating liens on the company's assets [2]. - The agreement includes customary economic and restrictive covenants by the company and its U.S. subsidiary, along with subordination restrictions agreed upon by two shareholders regarding loans they have provided to the company [2]. Strategic Implications - The line of credit is expected to enable the company to capitalize on strategic opportunities and increase its commercial activity, reflecting the trust of a leading Israeli bank in the company's potential [3][4]. - The CEO of Maris-Tech emphasized that this financial support will allow the company to achieve its growth potential without relying on market conditions or equity sales [4]. Company Overview - Maris-Tech is recognized as a global leader in video and AI-based edge computing technology, specializing in intelligent video transmission solutions [5]. - The company offers lightweight, low-power products that deliver high-performance capabilities, serving industries such as defense, aerospace, intelligence gathering, homeland security, and communications [5].

Core Insights - Maris-Tech Ltd. will host a webinar on April 2, 2025, at 9:00 a.m. Eastern Time to discuss its 2024 financial results and provide updates on business operations and annual highlights [1][2] - The financial results for the year ended December 31, 2024, will be released on March 28, 2025, along with the filing of the Annual Report on Form 20-F with the SEC [1] Company Overview - Maris-Tech is a global leader in video and AI-based edge computing technology, specializing in intelligent video transmission solutions [3] - The company offers miniature, lightweight, and low-power products that provide high-performance capabilities, including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics [3] - Founded by veterans of the Israeli technology sector, Maris-Tech serves leading manufacturers in defense, aerospace, intelligence gathering, homeland security, and communication industries [3] - The company is focused on driving innovation in mission-critical applications across both commercial and defense sectors [3]

Core Viewpoint - Maris-Tech Ltd. is participating in the Michigan Defense Expo (MDEX) 2025 to showcase its advanced video and AI-based edge computing technologies, aiming to strengthen its presence in the U.S. defense market [1][4]. Group 1: Event Participation - Maris-Tech will exhibit at Booth F3 alongside SIBAT, Israel's Ministry of Defense directorate for defense exports and international cooperation, from April 8 to 10, 2025 [1]. - The event provides an opportunity for face-to-face meetings with investors, prospective customers, and defense industry leaders [3]. Group 2: Technology Showcase - The company will showcase its advanced 360° situational awareness technology designed for Armored Fighting Vehicles (AFVs) [2]. - Maris-Tech will present its latest AI-driven video intelligence and edge computing solutions, which are designed to deliver low-latency, high-performance capabilities for defense applications [2]. Group 3: Strategic Expansion - The participation in MDEX is a key step in Maris-Tech's strategic expansion into the U.S. market, allowing direct connections with U.S. customers and partners [4]. - The company aims to demonstrate the value of its solutions and strengthen its presence in the defense sector [4]. Group 4: Company Overview - Maris-Tech is a global leader in video and AI-based edge computing technology, specializing in intelligent video transmission solutions [4]. - The company offers miniature, lightweight, and low-power products that deliver high-performance capabilities, including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics [4].

Core Viewpoint - Maris-Tech Ltd. has developed the MARS RF, an advanced ultra-lightweight H.265 digital video recording and streaming solution designed for miniature drones, enhancing intelligence gathering capabilities for defense and homeland security applications [1][2][4]. Group 1: Product Features - MARS RF is designed for classified intelligence units and has already been deployed in the field, meeting stringent operational requirements [2]. - The product is highly efficient, consuming less than 1W of power, with a wake-up time of under one second and a total weight of less than four grams [2]. - It offers wireless connectivity over a serial interface and connects seamlessly to the drone's autopilot system, camera, and radio, providing a complete solution for miniature drones [3]. Group 2: Company Overview - Maris-Tech is a global leader in video and AI-based edge computing technology, focusing on intelligent video transmission solutions that address complex encoding-decoding challenges [4]. - The company serves leading manufacturers in defense, aerospace, intelligence gathering, homeland security, and communication industries, driving innovation in mission-critical applications [4].

Core Insights - Maris-Tech Ltd. has secured a repeat order worth $400,000 for its Uranus-based situational awareness solution for armored fighting vehicles, marking the fourth consecutive order from this defense sector customer, reinforcing the company's reliability in mission-critical solutions [1][2][3] Company Overview - Maris-Tech is recognized as a global leader in video and AI-based edge computing technology, specializing in intelligent video transmission solutions that address complex encoding-decoding challenges [3] - The company's products are characterized by being miniature, lightweight, and low-power, delivering high-performance capabilities such as raw data processing, seamless transfer, advanced image processing, and AI-driven analytics [3] - Maris-Tech serves various industries including defense, aerospace, intelligence gathering, homeland security, and communication, driving innovation in mission-critical applications across both commercial and defense sectors [3] Product Features - The Uranus solution provides 360° 3D situational awareness and advanced airborne threat protection, supporting land defense missions with real-time alerts, ultra-low latency, and high-resolution video encoding [2] - The systems from the previous three orders have been successfully deployed and are fully operational, meeting customer expectations [2] Leadership Statement - The CEO of Maris-Tech expressed pride in being chosen again for this cutting-edge solution, indicating that the continued business from the customer is a strong testament to the confidence in the Uranus technology and the company's ability to meet operational needs [3]

Core Viewpoint - Maris-Tech Ltd. has received a significant order for its Jupiter Nano system from a U.K. distributor, marking its entry into the Eastern European defense market and enhancing its global presence in video and AI-based edge computing solutions [1][3]. Group 1: Order Details - The order consists of dozens of Jupiter Nano units intended for integration into weapon systems for a defense project in Eastern Europe [2]. - Jupiter Nano features ultra-low latency streaming and robust network support, addressing specific challenges faced by the customer [2]. Group 2: Product Capabilities - Jupiter Nano is a dual-channel H.264/H.265 codec capable of 100 milliseconds ultra-low-latency streaming over both wired and wireless networks [3]. - The system includes functionalities for video and audio capture, encoding, decoding, transcoding, and raw data preprocessing, designed to meet high performance and reliability standards for modern defense applications [3]. Group 3: Market Expansion - The new order signifies a strong relationship with the U.K. distributor and reflects the growing demand for Jupiter Nano's advanced capabilities in the defense sector [3]. - The company views Eastern Europe as a new market opportunity that will facilitate its expansion in global defense and homeland security markets [3]. Group 4: Company Overview - Maris-Tech is recognized as a global leader in video and AI-based edge computing technology, providing intelligent video transmission solutions [4]. - The company serves various industries, including defense, aerospace, intelligence gathering, homeland security, and communications, focusing on innovation in mission-critical applications [4].