Maris-Tech reports 1H results
Sep 29, 8:44 AM
MTEK
- Maris-Tech reported a net loss of $2.39 million for the first half of 2025, contrasting sharply with a net income of $131,797 during the same period in 2024.
- The company's total cash and cash equivalents increased to $2.77 million as of June 30, 2025, up from $2.29 million a year earlier.
- Revenue for Maris-Tech fell to $710,000, marking a significant year-over-year decline of 79.2%.
Recommendation Rating: Financial Performance Overview of Maris-Tech (NASDAQ: MTEK)
In its latest press release, Maris-Tech reported a net loss of $2.39 million for the six months ending June 30, 2025. This marks a significant decline compared to a net income of $131,797 during the same period the previous year in 2024.
As of June 30, 2025, the company's total cash and cash equivalents stood at $2.77 million, reflecting an increase from $2.29 million as of June 30, 2024.
Moreover, Maris-Tech's revenue reached $710,000, representing a steep year-over-year decline of 79.2%.