Maris-Tech Announces Preliminary Gross Revenue Projection For 2024 in Excess of $7,000,000
17 Gennaio 2024 - 2:10PM
Maris-Tech Ltd. (Nasdaq: MTEK) ("Maris-Tech" or the "Company"), a
B2B provider of edge computing artificial intelligence (AI)
accelerated video solutions for edge platforms, 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.
Forward-Looking Statement Disclaimer
This press release contains "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, that are intended to be covered by the "safe
harbor" created by those sections. Forward-looking statements,
which are based on certain assumptions and describe our future
plans, strategies and expectations, can generally be identified by
the use of forward-looking terms such as ""believe"," "expect","
“may”, “should,” “could,” “seek” “intend,” “plan”, “goal”,
“estimate”, “anticipate” or other comparable terms. For example, we
are using forward-looking statements when we discuss our forecast
information regarding estimated gross revenues for the year ended
December 31, 2023 and for the year ending December 31, 2024, the
basis for those projections and the Company’s expectation regarding
order volume for 2024 and anticipated continue high demand for the
Company’s innovative technologies. Forward-looking statements are
neither historical facts nor assurances of future performance.
Instead, they are based only on our current beliefs, expectations
and assumptions regarding the future of our business, future plans
and strategies, projections, anticipated events and trends, the
economy and other future conditions. Because forward-looking
statements relate to the future, they are subject to inherent
uncertainties, risks and changes in circumstances that are
difficult to predict and many of which are outside of our control.
Our actual results and financial condition may differ materially
from those indicated in the forward-looking statements. Therefore,
you should not rely on any of these forward-looking statements.
Important factors that could cause our actual results and financial
condition to differ materially from those indicated in the
forward-looking statements include, among others, the following:
our ability to successfully market our products and services,
including in the United States; the acceptance of our products and
services by customers; our continued ability to pay operating costs
and ability to meet demand for our products and services; the
amount and nature of competition from other security and telecom
products and services; the effects of changes in the cybersecurity
and telecom markets; our ability to successfully develop new
products and services; our success establishing and maintaining
collaborative, strategic alliance agreements, licensing and
supplier arrangements; our ability to comply with applicable
regulations; and the other risks and uncertainties described in the
Annual Report on Form 20-F for the year ended December 31, 2022,
filed with the SEC on March 6, 2023, and our other filings with the
SEC. We undertake no obligation to publicly update any
forward-looking statement, whether written or oral, that may be
made from time to time, whether as a result of new information,
future developments or otherwise.
Investor Relations:Nir Bussy, CFOTel:
+972-72-2424022Nir@maris-tech.com
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