Maris-Tech Past Earnings Performance
Past criteria checks 0/6
Maris-Tech's earnings have been declining at an average annual rate of -48.6%, while the Electronic industry saw earnings growing at 15.6% annually. Revenues have been growing at an average rate of 30.3% per year.
Key information
-48.6%
Earnings growth rate
-24.2%
EPS growth rate
| Electronic Industry Growth | 15.3% |
| Revenue growth rate | 30.3% |
| Return on equity | -39.3% |
| Net Margin | -67.2% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Maris-Tech receives court approval for up to $1M share buyback
Oct 03Maris-Tech enters agreement with defense company for up to $0.5M in orders
Sep 21Maris-Tech GAAP EPS of -$0.32, revenue of $0.97M
Aug 23Maris-Tech received a repeat $250,000 order from a leading defense company customer
Jul 18Maris-Tech stock gains premarket after firm's solution selected for lunar mission
Jul 05Maris-Tech bags purchase order for $300,000 from UK-based distributor
Jun 29Revenue & Expenses BreakdownBeta
How Maris-Tech makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 4 | -3 | 4 | 1 |
| 30 Sep 23 | 3 | -3 | 4 | 1 |
| 30 Jun 23 | 2 | -4 | 3 | 1 |
| 31 Mar 23 | 2 | -4 | 3 | 1 |
| 31 Dec 22 | 3 | -4 | 3 | 1 |
| 30 Sep 22 | 2 | -3 | 3 | 1 |
| 30 Jun 22 | 2 | -3 | 2 | 1 |
| 31 Mar 22 | 2 | -2 | 2 | 1 |
| 31 Dec 21 | 2 | -1 | 1 | 1 |
| 30 Sep 21 | 2 | -1 | 1 | 1 |
| 30 Jun 21 | 2 | -1 | 0 | 1 |
| 31 Mar 21 | 1 | -1 | 0 | 1 |
| 31 Dec 20 | 1 | -1 | 0 | 1 |
| 31 Dec 19 | 1 | -1 | 0 | 1 |
Quality Earnings: MTEK is currently unprofitable.
Growing Profit Margin: MTEK is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MTEK is unprofitable, and losses have increased over the past 5 years at a rate of 48.6% per year.
Accelerating Growth: Unable to compare MTEK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MTEK is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-7.4%).
Return on Equity
High ROE: MTEK has a negative Return on Equity (-39.3%), as it is currently unprofitable.