The 194% revenue growth is a strong positive signal from a very low base, but the swing to a net loss and continued cash burn keep the stock speculative. Monitor the next quarterly filing for cash runway updates and whether revenue growth is sustained; the prior 20-F's going-concern risk remains unresolved.
Price Chart
Executive Summary
Maris-Tech reports H1 2026 revenue of $2.08M, a 194% YoY increase from $707K, but swings to a net loss of $2.82M from net income of $2.39M in H1 2025, driven by $651K in fair-value changes. Cash declined slightly to $2.39M. The revenue growth is dramatic from a low base, but the net loss and cash burn temper the positive headline, especially given the prior annual report showing a 78% FY2025 revenue decline and going-concern risk.
Key Facts
- H1 2026 revenue of $2,077,545, up 194% from $707,021 in H1 2025.
- Net loss of $2,816,584 in H1 2026 vs net income of $2,388,294 in H1 2025.
- Net loss includes $650,958 in fair-value changes on financial instruments.
- Cash and equivalents of $2,387,801 as of June 30, 2026, down from $2,769,901 a year earlier.
- Prior FY2025 20-F showed 78% revenue decline to $1.34M and a going-concern warning.
Financial Impact
Revenue surged $1.37M YoY but net income swung to a $2.82M loss; cash burn of ~$382K over the year.
Risk Factors
- Net loss and cash burn persist despite revenue growth.
- Prior FY2025 20-F flagged going-concern risk with only $2.5M cash and $2M in convertible debt.
- Revenue growth from a low base may not be sustainable; H1 2025 revenue was only $707K.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001185185-26-003802 |
| Document: maristechex99-1.htm | 0001185185-26-003802 |
| Document: 0001185185-26-003802-index-headers.html | 0001185185-26-003802 |
| Document: 0001185185-26-003802-index.html | 0001185185-26-003802 |
| Document: 0001185185-26-003802.txt | 0001185185-26-003802 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 6-K | $0.4051 | awaiting T+60 | — | $0.4110 (−1.46%) |
Oct 20, 2026 6d ago | 6-K | $0.4520 | awaiting T+60 | — | $0.4110 (−9.07%) |
Oct 7, 2026 19d ago | 6-K | $0.6099 | awaiting T+60 | — | $0.4110 (−32.61%) |
Oct 6, 2026 20d ago | SC 13G/A | $0.6202 | awaiting T+60 | — | $0.4110 (−33.73%) |
Oct 5, 2026 21d ago | 6-K | $0.7198 | awaiting T+60 | — | $0.4110 (−42.90%) |
Sep 30, 2026 26d ago | SC 13G/A | $0.7440 | awaiting T+60 | — | $0.4110 (+44.76%) |
Sep 29, 2026 27d ago | 6-K | $0.8347 | awaiting T+60 | — | $0.4110 (−50.76%) |
Sep 28, 2026 28d ago | 6-K | $0.9706 | awaiting T+60 | — | $0.4110 (−57.66%) |
Sep 28, 2026 28d ago | Press Release | $0.9706 | awaiting T+60 | — | $0.4110 (−57.66%) |
Sep 2, 2026 7w ago | 6-K | $1.15 | awaiting T+60 | — | $0.4110 (−64.26%) |
US Market Status
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