Maris-Tech Ltd. Q4 FY2024 earnings call

• Company overview: Founded in 2008, went public in 2022, with offices in Israel and USA. Deals with age computing solutions for remote platforms like drones, robots, etc.
• Markets: Defense, homeland security, unmanned vehicles, intelligence gathering, smart city. Main market is defense.
• Financials: Revenue grew 50% in 2024, net loss decreased 54%. Backlog as of end of March was ~$9.9M.
• Partnerships: Collaborates with Hailo, Leonardo, Renaissance, LightPath, etc.
• Key announcements: Selected by intelligence agencies for intelligence gathering solutions, received big orders for situation awareness platforms, $1M order from U.S. for Amethyst 5G platform.
• Product roadmaps: Focus on final products in 2025, including integration with thermal cameras, integration of drone detections on armored vehicle platforms, and development of passive radar solutions.

Revenue grew by 50% in 2024, and the net loss decreased by 54%. There are no specific product segments with revenue contribution percentages provided as the transcript focuses on overall financial growth.

• Backlog of ~$9.9M expected to be recognized as revenue in coming years.
• Cash and cash equivalents as of end of December last year were ~$2.3M, sufficient for growth and operations in coming 12 months.

Q: There is limited information available about Thrikasa Technology, which probably contribute to the drop in Maris stock yesterday?

A: We have signed an agreement with the distributor, which is dealing a lot with the defense market. We believe that this distributor will open us some opportunities in the market. And we have just started and I don't see any relation between this agreement and the share price.

Q: Regarding the decreasing in revenues between the second-half in 2023, compared to the first-half in 2024?

A: At this stage, we are still a project company with a set of different orders from our customers. Our revenues are not linear through the year. This is the answer for this.