Mobix Labs Sees Strong Defense Sector Momentum and Continued Growth in Customer Bookings

~ Customer books exceeded shipments by 75 in prior quarter ~

~ Rising global defense spending, accelerating customer demand ~

Mobix Labs, Inc. (NASDAQ:MOBX), a leading innovator of next-generation connectivity solutions, today announced a significant surge in customer bookings, underscoring and accelerating demand across its Defense and Aerospace segments as the company approaches the close of its fiscal third quarter.

Customer orders exceed shipments by 75% in previous quarter

Driven by its proven track record of supporting high-performance military systems, Mobix Labs reported customer bookings for its Interconnect products exceeded shipments by 75% last quarter, a key indicator of forward-looking revenue strength and growing customer confidence. This strong performance builds on momentum established in 2024, largely fueled by increased adoption of Mobix's Interconnect technologies in critical defense platforms.

"Our longstanding position in major defense programs has helped us build a strong reputation for reliability and performance, positioning us at the forefront of next-generation military initiatives," said Phil Sansone, Interim CEO of Mobix Labs. "That foundation is now opening the door to a deepening pipeline of strategic opportunities with both existing and prospective customers."

NATO allies increase military spending

The backdrop of rising global defense spending continues to provide additional tailwinds. With NATO allies raising their defense spending targets to 5% of GDP, the industry outlook remains highly favorable—an environment in which Mobix Labs is well positioned to thrive.

Mobix Labs continues to actively pursue M&A strategy

Alongside strong organic growth, Mobix Labs is actively pursuing strategic acquisitions to expand its capabilities in both its Interconnect and Wireless IC and Systems segments, in alignment with its long-term vision to become a global leader in advanced connectivity solutions.

About Mobix Labs, Inc.

Mobix Labs (NASDAQ:MOBX) is a purpose-built, 100% U.S.-based supplier of advanced connectivity solutions targeting aerospace, defense, AI, and 5G infrastructure markets. Headquartered in Irvine, California, Mobix Labs delivers performance-critical RF, optical, and electromagnetic interference (EMI) interconnect technologies through proprietary semiconductor IP, advanced packaging, and vertically integrated manufacturing. Learn more at www.mobixlabs.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts and generally may be identified by terms such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would," or similar expressions. These forward-looking statements include, but are not limited to, statements regarding Mobix Labs' expectations regarding customer demand, defense spending trends, business momentum, strategic opportunities, acquisition strategy, and future growth prospects.

These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which may cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, economic and geopolitical conditions, defense budget allocations and spending priorities, supply chain constraints, customer purchasing behavior, integration risks related to acquisitions, and other factors disclosed in the company's filings with the Securities and Exchange Commission (SEC), including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Mobix Labs undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250617342423/en/

Investor Contact:

Ryan Battaglia

[email protected]

Media Contact:

Christopher Lancaster

[email protected]