By Kelly Cloonan

Shares of Maris-Tech declined after the company swung to a loss as revenue fell in the first half of the year, owing to delays in government procurement processes.

The stock slid 43% to $2.40 in after-hours trading on Friday. Shares are down 17% this year through market close.

The video and artificial intelligence-based computing technology company swung to a loss of $2.4 million for the six months ended June 30, from net income of $131,797 for the same period a year earlier.

Revenue fell to $707,021, compared to $3.4 million a year earlier.

The decrease is primarily because of delays in military and government procurement processes, as well as challenges associated with entering the U.S. market, the company said.

Chief Executive Israel Bar said the company continues to invest in technologies that set it apart in the defense and homeland security markets.

"We are confident that the steps we are taking today will position us for long-term growth and value creation," Bar said.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

September 26, 2025 18:21 ET (22:21 GMT)

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