• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Mobilicom Reports Financial Results for the Six Months Ended June 30, 2024; Revenues Up 232%

    9/9/24 7:00:46 AM ET
    $MOB
    Aerospace
    Industrials
    Get the next $MOB alert in real time by email

    SHOHAM, Israel, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, MOBBW), a provider of cybersecurity and robust solutions for drones and robotics, today announced its financial results and operational highlights for the six months ended June 30, 2024.

    Financial Highlights for the Six Months Ended June 30, 2024

    • Revenues increased 232% year-over-year to $1.8 million driven by initial production scale orders from U.S. and Israeli Tier-1 customers
    • OPEX remained steady, while H1 2024 revenue surged by approximately 3.3 times, pointing to the Company's ability to ramp sales without increasing operational costs
    • Operating net burn rate for the six months ended June 30, 2024 was $1.1 million averaging approximately $180,000 per month
    • Strong cash position of $10 million with narrowing monthly burn rate affords Mobilicom a long cash runway to implement its strategic plans, capture market share, and further ramp revenues
    • EBITDA improved by 37% to $(1.5) million compared to $(2.4) for the first six months of 2023
    • Gross margin remained high at 56%, reflecting strong high-end IP based technology and effective components costs-reduction planning
    • Confirmed order backlog as of June 30, 2024 was $700,000 and it is expected be fulfilled in the second half of 2024; Backlog increased substantially following the end of H1

    Recent Operational Highlights

    • Received follow-on initial production scale orders from one of the largest U.S. drone manufacturers for SkyHopper PRO to be sold to the U.S. Department of Defense (DoD); Additional larger orders expected as the drone manufacturer successfully competes and wins new government tenders for drones that may be integrated with our solution
    • Received follow-on initial production scale order from one of the world's largest loitering munitions providers, a prime vendor for Lockheed Martin and lead vendor for the European Union and NATO member countries
    • Mobilicom's combat-proven ICE Cybersecurity and SkyHopper Pro datalinks selected by Israel's Ministry of Defense for its small-sized drone program
    • Completed successful integration with Airbus in a collaboration that yields successful proof-of-concept for Mobilicom's expansion into mid-sized jet UAVs for long-range operations
    • Received initial production-scale order from Israel Aerospace Industries (IAI) for SkyHopper Pro Lite for its loitering drones deployed by Israel Defense Forces and to be evaluated by potential customers worldwide, including the U.S. DoD
    • Launched groundbreaking OS3 Operations platform, a comprehensive software solution designed to deliver Operational Security, Safety, and Standards compliance for the commercial and defense uncrewed drones and robotics industry
    • Launched new MCU-300 cybersecure software defined radio ground unit, expanding total addressable market into the mid-sized long-range drone segment, uncrewed ground, and maritime vehicles

    "Per our strategy, our Tier-1 customers won significant large and growing contracts with U.S. DoD and European Union programs. We believe this is a very strong indicator of Mobilicom's growth potential for years to come," stated Mobilicom CEO and Founder Oren Elkayam. "Conflicts across Europe and the Middle East, as well as tension between China and Taiwan are accelerating demand and budget allocations for autonomous systems. Moreover, the rise of electronic warfare underscores the critical importance of cybersecurity, putting our ICE Suite at the center of essential defense systems. All of these factors converge to drive increasing demand for Mobilicom's systems."

    About Mobilicom

    Mobilicom is a leading provider of cybersecure robust solutions for the rapidly growing defense and commercial drones and robotics market. Mobilicom's large portfolio of field-proven technologies includes cybersecurity, software, hardware, and professional services that power, connect, guide, and secure drones and robotics. Through deployments across the globe with over 50 customers, including the world's largest drone manufacturers, Mobilicom's end-to-end solutions are used in mission-critical functions.

    For investors, please use https://ir.mobilicom.com/ 

    For company, please use www.mobilicom.com

    Forward Looking Statements

    This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. For example, the Company is using forward-looking statements when it discusses its expectation to receive additional larger orders as its drone manufacturer customer successfully competes and wins new government tenders for drones that may be integrated with our solution, its belief that its Tier-1 customers winning significant large and growing contracts with U.S. DoD and European Union programs is a very strong indicator of Mobilicom's growth potential for years to come and the increasing demand for Mobilicom's systems. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company's filings with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.

    For more information on Mobilicom, please contact:

    Liad Gelfer

    Mobilicom Ltd

    [email protected]

    Use of Non-IFRS Financial Information

    In addition to disclosing financial results calculated in accordance with the International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board, this release also contains non-IFRS financial measures, which Mobilicom believes are the principal indicators of the operating and financial performance of its business.

    Management believes the non-IFRS financial measures provided are useful to investors' understanding and assessment of Mobilicom's ongoing core operations and prospects for the future, as the charges eliminated are not part of the day-to-day business or reflective of the core operational activities of the company. Management uses these non-IFRS financial measures as a basis for strategic decisions and evaluating the Company's current performance. The presentation of these non-IFRS financial measures is not intended to be considered in isolation from, or as a substitute for, or superior to, operating loss and or net income (loss) or any other performance measures derived in accordance with IFRS or as an alternative to net cash provided by operating activities or any other measures of our cash flows or liquidity.

    EBITDA is a non-IFRS financial measure that is defined as earnings before interest, taxes, depreciation, amortization, and other non-cash or one-time expenses.

     
    Mobilicom Limited
    Unaudited Interim Condensed Consolidated Statements of Profit or Loss and Other Comprehensive Income
        
       Restated*
     For the six months ended, June 30, For the six months ended, June 30,
      2024   2023 
     $ $
    Revenue$1,804,765  $543,431 
    Cost of sales 802,151   227,074 
    Gross margin 1,002,614   316,357 
        
    Operating Expenses   
    Selling and marketing expenses 924,449   935,840 
    Research and development, net 1,001,149   935,309 
    General and administration expenses 1,127,117   1,058,180 
    Total operating expenses 3,052,715   2,929,329 
        
    Operating loss (2,050,101)  (2,612,972)
        
    Financial income, net (453,226)  (1,232,588)
        
    Loss before income tax expenses$(1,596,875) $(1,380,384)
        
    Income tax expenses (57,000)  (70,833)
        
    Loss after income tax expenses$(1,653,875) $(1,451,217)
        
    Loss per share - basic and diluted (0.11)  (0.11)
        
    Weighted average shares outstanding - basic and diluted 1,555,961,075   1,329,652,095 
            

    * Restated throughout following transition from AUD to USD presentation and functional currency

     
    Mobilicom Limited
    Reconciliation table of EBITDA to Loss after income tax expenses
     
     For the six months ended, June 30, Restated*

    For the six months ended, June 30,
      2024   2023 
     $ $
    Loss after income tax expense$(1,653,875) $(1,451,217)
    Financial income, net (453,226)  (1,232,588)
    Depreciation 129,303   118,353 
    Share-based compensation 428,066   113,145 
    Income tax expense 57,000   70,833 
    EBITDA$(1,492,732) $(2,381,474)
        

    * Restated throughout following transition from AUD to USD presentation and functional currency

     
    Mobilicom Limited
    Unaudited Interim Condensed Consolidated Statements of Financial Position
        
     June 30,  Restated*

    December 31,
      2024   2023 
     $ $
    Assets   
        
    Current assets   
    Cash and cash equivalents$9,676,328  $8,385,283 
    Restricted cash 58,008   59,426 
    Trade and other receivables, net 443,568   977,578 
    Inventories, net 709,345   934,779 
    Total current assets 10,887,249   10,357,066 
        
    Non-current assets   
    Property, plant and equipment, net 87,550   80,547 
    Right-of-use assets 328,310   460,300 
    Total non-current assets 415,860   540,847 
        
    Total assets$11,303,109  $10,897,913 
        
    Liabilities   
        
    Current liabilities   
    Trade and other payables$1,044,449  $1,420,018 
    Lease liabilities 207,847   223,700 
    Financial liability 1,555,632   1,075,808 
    Total current liabilities 2,807,928   2,719,526 
        
    Non-current liabilities   
    Lease liabilities 115,521   229,078 
    Employee benefits 203,409   202,151 
    Governmental liabilities on grants received 13,235   4,560 
    Total non-current liabilities 332,165   435,789 
        
    Total liabilities 3,140,093   3,155,315 
        
    Net assets$8,163,016  $7,742,598 
        
    Equity   
        
    Issued capital 32,878,307   31,035,121 
    Reserves (680,372)  (911,479)
    Accumulated losses (24,034,919)  (22,381,044)
        
    Total equity$8,163,016  $7,742,598 
        

    * Restated throughout following transition from AUD to USD presentation and functional currency



    Primary Logo

    Get the next $MOB alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $MOB

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $MOB
    Financials

    Live finance-specific insights

    See more
    • Mobilicom and ASP Isotopes Interviews to Air on the RedChip Small Stocks, Big Money(TM) Show on Bloomberg TV

      ORLANDO, FL / ACCESSWIRE / September 13, 2024 / RedChip Companies will air interviews with Mobilicom Ltd. (NASDAQ:MOB) and ASP Isotopes Inc. (NASDAQ:ASPI) on the RedChip Small Stocks, Big Money™ show, a sponsored program on Bloomberg TV, this Saturday, September 14, at 7 p.m. Eastern Time (ET). Bloomberg TV is available in an estimated 73 million homes across the U.S.Access the interviews in their entirety at:Mobilicom: https://www.redchip.com/assets/access/mob_accessASP Isotopes: https://www.redchip.com/assets/access/aspi_accessOren Elkayam, Founder and CEO of Mobilicom, appears on the RedChip Small Stocks, Big Money™ show on Bloomberg TV to provide a corporate update. Mobilicom presents a

      9/13/24 9:00:00 AM ET
      $ASPI
      $BOXL
      $MOB
      Major Chemicals
      Industrials
      Other Consumer Services
      Real Estate
    • Mobilicom Reports Financial Results for the Six Months Ended June 30, 2024; Revenues Up 232%

      SHOHAM, Israel, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, MOBBW), a provider of cybersecurity and robust solutions for drones and robotics, today announced its financial results and operational highlights for the six months ended June 30, 2024. Financial Highlights for the Six Months Ended June 30, 2024 Revenues increased 232% year-over-year to $1.8 million driven by initial production scale orders from U.S. and Israeli Tier-1 customersOPEX remained steady, while H1 2024 revenue surged by approximately 3.3 times, pointing to the Company's ability to ramp sales without increasing operational costsOperating net burn rate for the six months ended June 30, 2024 was $

      9/9/24 7:00:46 AM ET
      $MOB
      Aerospace
      Industrials
    • BioVie and Mobilicom Interviews to Air on the RedChip Small Stocks, Big Money(TM) Show on Bloomberg TV

      ORLANDO, FL / ACCESSWIRE / June 21, 2024 / RedChip Companies will air interviews with BioVie, Inc. (NASDAQ:BIVI) and Mobilicom Ltd. (NASDAQ:MOB) on the RedChip Small Stocks, Big Money™ show, a sponsored program on Bloomberg TV, this Saturday, June 22, at 7 p.m. Eastern Time (ET). Bloomberg TV is available in an estimated 73 million homes across the U.S.Access the interviews in their entirety at:BioVie: https://www.redchip.com/assets/access/bivi_accessMobilicom: https://www.redchip.com/assets/access/mob_accessIn an exclusive interview, Cuong Do, President and CEO of BioVie, who will share insight into the Company's pipeline of late-stage clinical programs targeting unmet medical needs in neur

      6/21/24 9:00:00 AM ET
      $BIVI
      $MOB
      Biotechnology: Pharmaceutical Preparations
      Health Care
      Aerospace
      Industrials

    $MOB
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Mobilicom Limited

      SC 13G/A - Mobilicom Ltd (0001898643) (Subject)

      11/13/24 5:28:41 PM ET
      $MOB
      Aerospace
      Industrials
    • SEC Form SC 13G/A filed by Mobilicom Limited (Amendment)

      SC 13G/A - Mobilicom Ltd (0001898643) (Subject)

      2/9/24 5:09:27 PM ET
      $MOB
      Aerospace
      Industrials
    • SEC Form SC 13G/A filed by Mobilicom Limited (Amendment)

      SC 13G/A - Mobilicom Ltd (0001898643) (Subject)

      2/9/24 4:46:47 PM ET
      $MOB
      Aerospace
      Industrials

    $MOB
    Leadership Updates

    Live Leadership Updates

    See more
    • Mobilicom Appoints Technology Executive Guy Givoni to its Board of Directors

      Givoni is a tech leader and senior executive with over two decades of experience building and scaling technology companies in the cybersecurity, drones, AI, B2B software and AgTech industries Palo Alto, California, June 05, 2025 (GLOBE NEWSWIRE) -- Mobilicom Limited (NASDAQ:MOB), a provider of cybersecurity and robust solutions for drones and robotics, today announced the appointment of Guy Givoni to its Board of Directors. Mr. Givoni previously served on Mobilicom's Advisory Board from 2017 through 2023. Mr. Givoni is a global business leader and senior executive with over 20 years of experience building and scaling technology companies in the cybersecurity, AI, UAV (uncrewed autonomo

      6/5/25 4:05:00 PM ET
      $MOB
      Aerospace
      Industrials
    • Mobilicom Reports 2024 Year-End Financial Results: Record Revenues Up 45%

      Revenue momentum continues with robust gross margins, reduced operating expenses Major recent wins expected to drive growth include the addition of Mobilicom's systems to the U.S. Department of Defense's (DoD) Blue UAS Framework and its OS3 cybersecurity software platform for AI-Driven drones and robotics Strong cash position of $8.6 million with low average monthly net burn rate of $267K provides a long cash runway to support growth PALO ALTO, Calif., March 27, 2025 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB), a provider of cybersecurity and robust solutions for drones and robotics, today announced financial results for the twelve months ended December 31, 2024, as well as rece

      3/27/25 4:15:24 PM ET
      $MOB
      Aerospace
      Industrials

    $MOB
    SEC Filings

    See more
    • SEC Form 6-K filed by Mobilicom Limited

      6-K - Mobilicom Ltd (0001898643) (Filer)

      6/5/25 4:51:46 PM ET
      $MOB
      Aerospace
      Industrials
    • SEC Form 6-K filed by Mobilicom Limited

      6-K - Mobilicom Ltd (0001898643) (Filer)

      5/19/25 7:15:19 AM ET
      $MOB
      Aerospace
      Industrials
    • SEC Form EFFECT filed by Mobilicom Limited

      EFFECT - Mobilicom Ltd (0001898643) (Filer)

      4/2/25 12:15:08 AM ET
      $MOB
      Aerospace
      Industrials

    $MOB
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Mobilicom Appoints Technology Executive Guy Givoni to its Board of Directors

      Givoni is a tech leader and senior executive with over two decades of experience building and scaling technology companies in the cybersecurity, drones, AI, B2B software and AgTech industries Palo Alto, California, June 05, 2025 (GLOBE NEWSWIRE) -- Mobilicom Limited (NASDAQ:MOB), a provider of cybersecurity and robust solutions for drones and robotics, today announced the appointment of Guy Givoni to its Board of Directors. Mr. Givoni previously served on Mobilicom's Advisory Board from 2017 through 2023. Mr. Givoni is a global business leader and senior executive with over 20 years of experience building and scaling technology companies in the cybersecurity, AI, UAV (uncrewed autonomo

      6/5/25 4:05:00 PM ET
      $MOB
      Aerospace
      Industrials
    • Mobilicom and ARK Electronics Partner to Develop and Launch Cybersecure Solutions for Mass-Market Drone and Robotics Platforms

      Partnership combines Mobilicom's groundbreaking OS3 cybersecurity software with ARK's made-in-the-USA, BLUE UAS listed, NDAA compliant, NVIDIA AI-driven hardware ARK joins Mobilicom's booth at XPONENTIAL 2025, a gathering of global leaders and end users in the uncrewed systems and robotics industry, to feature the companies' upcoming joint products  First product expected to launch H2 2025 Palo Alto, CA and Salt Lake City, Utah, May 20, 2025 (GLOBE NEWSWIRE) -- Mobilicom Limited (NASDAQ:MOB), a provider of cybersecurity and robust solutions for drones and robotics, and ARK Electronics, a provider of cutting-edge made-in-the-USA technologies for drones, today announced a strategic pa

      5/20/25 7:00:00 AM ET
      $MOB
      Aerospace
      Industrials
    • Mobilicom Provides First Quarter 2025 Update and Financial Highlights

      Continued momentum in sales to Tier-1 defense manufacturers gearing up for program of record deliveries for end users including the U.S. Department of Defense (DoD) and other major world militaries Mobilicom's systems added to the DoD's Blue UAS Framework marks a major catalyst Strong cash position of ~$8 million with narrowing burn rate provides runway to execute on large market opportunities Palo Alto, California, May 19, 2025 (GLOBE NEWSWIRE) --  Mobilicom Limited (NASDAQ:MOB), a provider of cybersecurity and robust solutions for drones and robotics, today announced financial results for the three months and quarter ended March 31, 2025, as well as recent business and operational h

      5/19/25 7:00:00 AM ET
      $MOB
      Aerospace
      Industrials