Maris Tech (Maris Tech) Gross Profit : $1.93 Mil (TTM As of Dec. 2023)

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What is Maris Tech Gross Profit?

Maris Tech's gross profit for the six months ended in Dec. 2023 was $2.10 Mil. Maris Tech's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $1.93 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Maris Tech's gross profit for the six months ended in Dec. 2023 was $2.10 Mil. Maris Tech's Revenue for the six months ended in Dec. 2023 was $3.56 Mil. Therefore, Maris Tech's Gross Margin % for the quarter that ended in Dec. 2023 was 58.98%.

Maris Tech had a gross margin of 58.98% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 5 years, the highest Gross Margin % of Maris Tech was 49.29%. The lowest was 31.26%. And the median was 46.68%.

Maris Tech Gross Profit Historical Data

The historical data trend for Maris Tech's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Maris Tech Gross Profit Chart

Maris Tech Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

0.39

0.49

0.97

0.78

1.93

Maris Tech Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Profit	Get a 7-Day Free Trial				0.29	0.32	0.47	-0.17	2.10

Competitive Comparison of Maris Tech's Gross Profit

For the Electronic Components subindustry, Maris Tech's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Maris Tech's Gross Profit Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Maris Tech's Gross Profit distribution charts can be found below:

* The bar in red indicates where Maris Tech's Gross Profit falls into.

Maris Tech Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Maris Tech's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	4.031	-	2.104
	=	1.93

Maris Tech's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	3.557	-	1.459
	=	2.10

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $1.93 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Maris Tech's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	2.10	/	3.557
	=	58.98 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Maris Tech (NAS:MTEK) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Maris Tech had a gross margin of 58.98% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Maris Tech Gross Profit Related Terms

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Maris Tech (Maris Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Maris Tech Ltd (NAS:MTEK) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Yitzhak Modai Street, Rehovot, ISR, 7608804

Website

https://www.maris-tech.com

Maris Tech Ltd is a provider of remote video, audio, telemetry acquisition, distribution and sharing solutions and products, using high-end digital video, audio and wireless communication technologies. It designs, develops, manufactures and commercially sells miniature intelligent video and audio surveillance and communication systems, which are offered as products and solutions for the professional as well as the civilian and home security markets.