Maris-Tech Announces Full Year 2022 Financial Results
REHOVOT, Israel, March 06, 2023 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK) (“Maris-Tech” or the “Company”), a B2B provider of intelligent video transmission technology, today announced its financial results for the year ended December 31, 2022.
- Revenues for the year ended December 31, 2022 were $2,504,896, an increase of over 20% compared to $2,075,755 for the year ended December 31, 2021.
- Cash and cash equivalents and short-term bank deposits as of December 31, 2022 were $9,339,612 million, compared to $49,126 as of December 31, 2021.
- Backlog as of January 1, 2023 increased significantly compared to the Company's backlog as of January 1, 2022 and was $1,900,000 compared to $608,000.
- In June 2022, the Company presented its miniature streaming and recording video solutions for aerospace, defense, and security sectors at Eurosatory 2022 – a global event for defense and security held in Paris