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Mobix LabsC
Nasdaq / Semiconductors & Semiconductor Equipment
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2026-08-17
Investor release

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Earnings documents stored for MOBX.

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Investor releaseQuarter not tagged2026-08-17

Mobix Labs Guides Fiscal Q4 Revenue of $1.4 Million to $1.8 Million, Representing Approximately 100% Sequential Growth at Midpoint

Business Wire
Growth driven by strong sales in the defense, aerospace and security markets, as the Company advances its National Security Matters direction and answers rising national demand for defense readiness IRVINE, Calif., August 17, 2026--(BUSINESS WIRE)--Mobix Labs, Inc. (Nasdaq: MOBX) Mobix Labs is guiding for fiscal fourth-quarter 2026 revenue of $1.4 million to $1.8 million — representing, at the midpoint, approximately 100% revenue growth quarter over quarter. The news lands as Mobix Labs advances its plan to rename the Company NSM Labs, Inc., reflecting its National Security Matters initiative, and as the nation moves with new urgency to strengthen the industrial base that supports its defense and security priorities. Demand across the defense sector has accelerated in recent periods, as the U.S. government and its industrial partners work to rebuild domestic capacity and reduce dependence on fragile or foreign-controlled supply chains. Mobix Labs believes it is well positioned to answer that call: the shipments announced today reflect renewed momentum with long-standing customers across defense and aerospace, at the same moment the Company is sharpening its focus on the national-security priorities its new name is meant to signal. This activity is a proof point for the broader NSM strategy, not a departure from it. Mobix Labs' plan to build National Security Matters around critical resources and advanced materials, defense and aerospace systems, energy and infrastructure, and digital technologies depends on a strong operating foundation — and that foundation is the qualified, in-production defense and aerospace business the Company has built over many years. As Mobix Labs pursues new platforms in critical minerals, rare earths and infrastructure, its existing core business is the base the rest of the strategy is being built on. "We are proud to announce that these shipments are from our core business, both EMI Solutions and RaGE Systems," said Phil Sansone, Chief Executive Officer of Mobix Labs. "We are excited about our new name and direction, but we want to recognize that our core business is as important as it has ever been." Mobix Labs expects to report complete fiscal third-quarter results, including full disclosures, in its Form 10-Q filing. The Company's guidance remains subject to the risks and uncertainties described below. About Mobix Labs, Inc. (w…Read full document

Growth driven by strong sales in the defense, aerospace and security markets, as the Company advances its National Security Matters direction and answers rising national demand for defense readiness IRVINE, Calif., August 17, 2026--(BUSINESS WIRE)--Mobix Labs, Inc. (Nasdaq: MOBX) Mobix Labs is guiding for fiscal fourth-quarter 2026 revenue of $1.4 million to $1.8 million — representing, at the midpoint, approximately 100% revenue growth quarter over quarter. The news lands as Mobix Labs advances its plan to rename the Company NSM Labs, Inc., reflecting its National Security Matters initiative, and as the nation moves with new urgency to strengthen the industrial base that supports its defense and security priorities. Demand across the defense sector has accelerated in recent periods, as the U.S. government and its industrial partners work to rebuild domestic capacity and reduce dependence on fragile or foreign-controlled supply chains. Mobix Labs believes it is well positioned to answer that call: the shipments announced today reflect renewed momentum with long-standing customers across defense and aerospace, at the same moment the Company is sharpening its focus on the national-security priorities its new name is meant to signal. This activity is a proof point for the broader NSM strategy, not a departure from it. Mobix Labs' plan to build National Security Matters around critical resources and advanced materials, defense and aerospace systems, energy and infrastructure, and digital technologies depends on a strong operating foundation — and that foundation is the qualified, in-production defense and aerospace business the Company has built over many years. As Mobix Labs pursues new platforms in critical minerals, rare earths and infrastructure, its existing core business is the base the rest of the strategy is being built on. "We are proud to announce that these shipments are from our core business, both EMI Solutions and RaGE Systems," said Phil Sansone, Chief Executive Officer of Mobix Labs. "We are excited about our new name and direction, but we want to recognize that our core business is as important as it has ever been." Mobix Labs expects to report complete fiscal third-quarter results, including full disclosures, in its Form 10-Q filing. The Company's guidance remains subject to the risks and uncertainties described below. About Mobix Labs, Inc. (www.mobixlabs.com) Mobix Labs is an Irvine, California-based fabless semiconductor company providing advanced connectivity, RF, sensing and electromagnetic-interference technologies for aerospace, defense, communications and other high-reliability markets. The Company is advancing a strategic initiative, National Security Matters, focused on technologies, resources and infrastructure that support U.S. national-security priorities. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements in this press release other than statements of historical fact are forward-looking statements. Forward-looking statements include, without limitation, statements regarding Mobix Labs’ expected fiscal fourth-quarter 2026 revenue, anticipated quarter-over-quarter revenue growth and the assumptions underlying such guidance; expected customer demand, orders, shipments, sales and revenue recognition; anticipated demand and market conditions in the defense, aerospace and security sectors; the Company’s ability to sustain or increase revenue and operating momentum; the Company’s National Security Matters initiative and related business strategy; the proposed change of the Company’s name to NSM Labs, Inc. and the receipt and timing of any required stockholder, regulatory or other approvals relating thereto; the Company’s plans to expand its business into critical resources and advanced materials, critical minerals and rare earth elements, defense and aerospace systems, autonomous systems, energy and critical infrastructure, and digital technologies; the Company’s ability to identify, finance, consummate and integrate acquisitions and other strategic transactions; the expected benefits, synergies, growth opportunities and strategic advantages of the Company’s existing and future businesses and acquisitions; and the Company’s future business, financial condition, results of operations, growth, strategy, prospects and market positioning. Words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "guidance," "intend," "may," "plan," "potential," "position," "project," "seek," "should," "target," "will," "would" and similar words or expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are based upon management’s current expectations, estimates, projections, beliefs and assumptions and upon information available to the Company as of the date of this press release. Such statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, assumptions and other factors, many of which are outside the Company’s control, that could cause actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. In particular, the Company’s fiscal fourth-quarter 2026 revenue guidance and anticipated quarter-over-quarter growth are based on information currently available to management, including preliminary fiscal third-quarter results that remain subject to completion of the Company’s financial closing and review processes. Actual fiscal third-quarter or fiscal fourth-quarter results may differ materially from current expectations as a result of, among other things, final accounting adjustments; the timing, modification, cancellation or fulfillment of customer orders; the timing of product shipments, customer acceptance and revenue recognition; changes in product or customer mix; manufacturing or supply-chain constraints; component availability; customer concentration; changes in customer demand or procurement schedules; delays, modifications or cancellations affecting defense, aerospace or government-related programs; and other developments occurring before the Company finalizes and reports its results. Accordingly, the Company’s actual quarter-over-quarter revenue growth may differ materially from the percentage referenced in this press release. Other risks and uncertainties that could cause actual results to differ materially include, among others: the Company’s ability to maintain or increase revenue growth; the Company’s dependence on a limited number of significant customers and the absence of long-term purchase commitments from many customers; changes in demand for the Company’s products and services or in defense, aerospace, communications and other markets served by the Company; changes in U.S. government spending, procurement priorities, national-security policies or defense programs; delays or disruptions affecting customers, prime contractors, suppliers, manufacturing partners or other participants in the defense and aerospace supply chain; the Company’s ability to obtain components and finished goods on commercially reasonable terms and in sufficient quantities; changes in global economic, geopolitical, trade and regulatory conditions, including tariffs, export controls and supply-chain restrictions; the Company’s ability to successfully develop, commercialize, manufacture and sell its products and technologies; competition and technological change; the Company’s ability to successfully execute its National Security Matters strategy and expand into markets in which it has limited or no operating history; the Company’s ability to identify, negotiate, finance, complete and integrate acquisitions and other strategic transactions on anticipated terms or at all; the possibility that anticipated benefits, synergies, revenues, market opportunities or strategic advantages from acquisitions or other initiatives will not be realized or will take longer or cost more to realize than anticipated; the Company’s ability to attract and retain customers, employees and other key personnel; the Company's ability to obtain any stockholder, Nasdaq, regulatory or other approvals required in connection with its proposed name change or other corporate or strategic actions; the Company’s ability to comply with Nasdaq continued-listing requirements; the Company’s ability to raise additional debt or equity capital when needed and on acceptable terms; the potentially dilutive effect of existing or future financings, acquisitions or other issuances of securities; the Company’s history of operating losses and negative cash flows; substantial doubt regarding the Company’s ability to continue as a going concern and its need for additional liquidity to fund operations and satisfy its obligations; and other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission ("SEC"), including under the heading "Risk Factors" in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as well as other reports and documents filed by the Company with the SEC. The foregoing list of risks and uncertainties is not exhaustive. Readers should carefully consider these risks and uncertainties, together with the other information contained in the Company’s filings with the SEC. Forward-looking statements speak only as of the date of this press release, and readers are cautioned not to place undue reliance on such statements. Except as required by applicable law, Mobix Labs undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise. Follow us on X: @MobixLabs_MOBX Follow on StockTwits: MobixLabs Follow us on LinkedIn: Mobix Labs View source version on businesswire.com: https://www.businesswire.com/news/home/20260817431122/en/ Contacts Mobix Labs Investor Relations Contacts Chris Eddy or David CollinsCatalyst [email protected] or 212-924-9800

Investor releaseQuarter not tagged2025-12-18

Mobix Labs Reports Strong Fiscal 2025 Growth and Improved Operating Performance

GlobeNewswire
Mobix Labs Expected to Deliver 54% Year-Over-Year Revenue Growth with Significant Margin Expansion and Reduced Operating Losses IRVINE, Calif., Dec. 18, 2025 (GLOBE NEWSWIRE) -- Mobix Labs, Inc. (“Mobix” or the “Company”) today announced selected preliminary, unaudited financial results for its fourth quarter and fiscal year ended September 30, 2025, highlighting strong year-over-year revenue growth, meaningful gross margin expansion, and improved operating performance. The preliminary financial information presented in this press release is based on information available to the Company as of the date of this release and remains subject to the completion of the Company’s year-end closing procedures and audit. Actual results may differ from these preliminary results, and such differences may be material. Final results will be reported in the Company’s Annual Report on Form 10-K for the year ended September 30, 2025. Fiscal Year 2025 Financial Highlights (Preliminary, Unaudited) Revenue Growth: Total net revenue for fiscal 2025 is expected to be between $9.7 million and $9.9 million, compared to $6.4 million in fiscal 2024, representing an increase of approximately 54% year over year. Gross Margin Expansion: Gross margin for fiscal 2025 is expected to be in the range of 50.2% to 50.5%, compared to 39.6% in fiscal 2024, an improvement of approximately 10.6 percentage points. GAAP Operating Loss Improvement (Full Year): GAAP loss from operations for fiscal 2025 is expected to be in the range of $37.7 million to $37.8 million, compared to $46.4 million in fiscal 2024. GAAP Operating Loss Improvement (Fourth Quarter): GAAP loss from operations for the fourth quarter of fiscal 2025 is expected to be in the range of $7.2 million to $7.3 million, compared to $11.2 million in the fourth quarter of fiscal 2024. Adjusted Operating Loss Improvement (Full Year): Adjusted loss from operations for fiscal 2025 is expected to be in the range of $8.5 million to $8.6 million, compared to $16.0 million in fiscal 2024, reflecting an improvement of approximately 47%. Adjusted Operating Loss Improvement (Fourth Quarter): Adjusted loss from operations for the fourth quarter of fiscal 2025 is expected to be in the range of $1.3 million to $1.4 million, compared to $3.6 million in the fourth quarter of fiscal 2024. Liquidity Position: Cash and cash equivalents are expected to be in th…Read full document

Mobix Labs Expected to Deliver 54% Year-Over-Year Revenue Growth with Significant Margin Expansion and Reduced Operating Losses IRVINE, Calif., Dec. 18, 2025 (GLOBE NEWSWIRE) -- Mobix Labs, Inc. (“Mobix” or the “Company”) today announced selected preliminary, unaudited financial results for its fourth quarter and fiscal year ended September 30, 2025, highlighting strong year-over-year revenue growth, meaningful gross margin expansion, and improved operating performance. The preliminary financial information presented in this press release is based on information available to the Company as of the date of this release and remains subject to the completion of the Company’s year-end closing procedures and audit. Actual results may differ from these preliminary results, and such differences may be material. Final results will be reported in the Company’s Annual Report on Form 10-K for the year ended September 30, 2025. Fiscal Year 2025 Financial Highlights (Preliminary, Unaudited) Revenue Growth: Total net revenue for fiscal 2025 is expected to be between $9.7 million and $9.9 million, compared to $6.4 million in fiscal 2024, representing an increase of approximately 54% year over year. Gross Margin Expansion: Gross margin for fiscal 2025 is expected to be in the range of 50.2% to 50.5%, compared to 39.6% in fiscal 2024, an improvement of approximately 10.6 percentage points. GAAP Operating Loss Improvement (Full Year): GAAP loss from operations for fiscal 2025 is expected to be in the range of $37.7 million to $37.8 million, compared to $46.4 million in fiscal 2024. GAAP Operating Loss Improvement (Fourth Quarter): GAAP loss from operations for the fourth quarter of fiscal 2025 is expected to be in the range of $7.2 million to $7.3 million, compared to $11.2 million in the fourth quarter of fiscal 2024. Adjusted Operating Loss Improvement (Full Year): Adjusted loss from operations for fiscal 2025 is expected to be in the range of $8.5 million to $8.6 million, compared to $16.0 million in fiscal 2024, reflecting an improvement of approximately 47%. Adjusted Operating Loss Improvement (Fourth Quarter): Adjusted loss from operations for the fourth quarter of fiscal 2025 is expected to be in the range of $1.3 million to $1.4 million, compared to $3.6 million in the fourth quarter of fiscal 2024. Liquidity Position: Cash and cash equivalents are expected to be in the range of $3.1 million to $3.3 million as of September 30, 2025, compared to $0.2 million as of June 30, 2025 and $0.3 million as of September 30, 2024. The Company believes that its year-end cash balance, together with anticipated cash flows and available financing arrangements, provide an improved liquidity position as it continues executing its operating plan. Use of Non-GAAP Financial Measures In addition to reporting financial results in accordance with U.S. generally accepted accounting principles (GAAP), the Company uses certain non-GAAP measures of financial performance, including: Adjusted Gross Profit, which is defined as GAAP gross profit excluding amortization of acquisition-related intangible assets, inventory write-offs and stock-based compensation expense; and Adjusted Loss from Operations, which is defined as GAAP loss from operations excluding depreciation, amortization of acquisition-related intangible assets, merger and acquisition-related expenses, inventory write-offs and stock-based compensation expense. Management believes these non-GAAP financial measures, when considered together with the corresponding GAAP financial measures, provide investors with additional insight into the Company’s operating performance and underlying business trends by excluding certain non-cash expenses, acquisition-related charges, and items that may not be present in comparable fiscal periods. These non-GAAP financial measures are not intended to be considered in isolation from, or as a substitute for, comparable GAAP measures and may differ from similarly titled measures used by other companies. A reconciliation of each non-GAAP financial measure to the most directly comparable GAAP measure will be provided in financial tables released separately but concurrently with the Company’s Annual Report on Form 10-K for the year ended September 30, 2025. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact are forward-looking statements. Forward-looking statements include, without limitation, statements regarding our preliminary, unaudited financial results; the completion of our financial closing and audit processes; the timing and expected filing of our Annual Report on Form 10-K; our business strategy, plans and objectives; our expectations regarding future operating performance, revenue growth, profitability, cash flows, liquidity and capital resources; our expectations regarding market opportunity, customer demand, product adoption and pipeline; our ability to execute on our operating plan and strategic initiatives; and any other statements that are not historical facts. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” and similar expressions, and the negatives of these terms. However, not all forward-looking statements contain these identifying words. Forward-looking statements are based on our current expectations, estimates, assumptions and projections and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, that may cause our actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties include, among others, risks related to: our ability to grow revenue and manage costs; our history of net losses and our ability to achieve or maintain profitability in the future; our ability to accurately forecast our financial results and key operating metrics; our ability to execute our business strategy and key initiatives on the timelines and at the costs we expect; customer adoption, renewals, expansions and cancellations; our dependence on a limited number of customers or partners for a significant portion of our revenue; competition and new market entrants; our ability to develop, introduce and gain market acceptance for new products, features and services; our reliance on third-party service providers and partners; cybersecurity incidents, data breaches or other disruptions to our systems or the systems of our partners; intellectual property protection, litigation and claims; changes in laws, regulations or governmental policies, including those related to privacy, data security, artificial intelligence, consumer protection and securities regulation; macroeconomic conditions, including inflation, interest rates, bank or financial market instability and general market volatility; our ability to attract, retain and motivate key personnel; our ability to obtain additional financing on acceptable terms, if at all; our level of indebtedness and related covenants and restrictions; and other risks and uncertainties described from time to time in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K. The preliminary financial information included in this press release is subject to the completion of our year-end financial closing and audit procedures, and actual results may differ, potentially materially, from these preliminary estimates. The forward-looking statements in this press release speak only as of the date hereof. You should not rely on forward-looking statements as predictions of future events. We undertake no obligation, and specifically disclaim any obligation, to update or revise any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, whether as a result of new information, future developments or otherwise, except as required by law. Media Contact: Chris Lancaster, Mobix Labs, Inc. [email protected] Investor Contact: Ryan Battaglia, Mobix Labs, Inc. [email protected]

Investor releaseQuarter not tagged2025-10-02

Mobix Labs Delivers Breakout Year With Over 50% Revenue Growth in Fiscal 2025

GlobeNewswire
~ Company enters 2026 with record pipeline, as quarterly results reflect program timing ~ IRVINE, Calif., Oct. 02, 2025 (GLOBE NEWSWIRE) -- Mobix Labs, Inc. (Nasdaq: MOBX) (“Mobix Labs,” “Mobix,” or the “Company”), a leader in advanced connectivity solutions, today announced selected preliminary results for its fiscal fourth quarter and year ended September 30, 2025. Mobix Labs delivered more than 50% year-over-year revenue growth in fiscal 2025, fueled by strong demand across aerospace, defense, and wireless markets, along with contributions from recent acquisitions. While quarterly revenue varied with the timing of customer programs, the full-year growth trajectory was substantial, and the Company heads into fiscal 2026 with record customer momentum and its strongest opportunity pipeline to date. “Fiscal 2025 was a breakout year for Mobix Labs,” said Phil Sansone, Chief Executive Officer of Mobix Labs. “Even with the natural ups and downs of quarterly timing, we grew revenue by more than 50% for the year—proof of the powerful momentum behind our business. Looking ahead, our pipeline is expanding rapidly, and we see 2026 as another exciting step forward in our growth journey.” Fiscal 2025: Breakout Growth Across Key Markets Revenue climbed over 50% year-over-year. Expanded presence in aerospace and defense, powering mission-critical technologies. Broadened reach in wireless and high-reliability applications. Positioned to begin fiscal 2026 with a record-high opportunity funnel across defense, aerospace, and commercial infrastructure. 2026 Outlook: Momentum Building for Continued Expansion Mobix Labs expects fiscal 2026 to build on its momentum, supported by: Rising global demand for defense and aerospace connectivity solutions. Growing adoption of wireless and sensing technologies. Continued execution of an aggressive growth strategy, both organic and acquisition-driven. “Our opportunity pipeline has never been stronger,” Sansone added. “With disciplined execution and innovation, we believe fiscal 2026 will be another year of growth and progress for Mobix Labs.” About Mobix Labs, Inc. Based in Irvine, California, Mobix Labs is a fabless semiconductor company delivering advanced wireless and wired connectivity, RF, imaging, switching, and filtering technologies for next-generation communication systems. Our solutions support aerospace, defense, 5G, medical,…Read full document

~ Company enters 2026 with record pipeline, as quarterly results reflect program timing ~ IRVINE, Calif., Oct. 02, 2025 (GLOBE NEWSWIRE) -- Mobix Labs, Inc. (Nasdaq: MOBX) (“Mobix Labs,” “Mobix,” or the “Company”), a leader in advanced connectivity solutions, today announced selected preliminary results for its fiscal fourth quarter and year ended September 30, 2025. Mobix Labs delivered more than 50% year-over-year revenue growth in fiscal 2025, fueled by strong demand across aerospace, defense, and wireless markets, along with contributions from recent acquisitions. While quarterly revenue varied with the timing of customer programs, the full-year growth trajectory was substantial, and the Company heads into fiscal 2026 with record customer momentum and its strongest opportunity pipeline to date. “Fiscal 2025 was a breakout year for Mobix Labs,” said Phil Sansone, Chief Executive Officer of Mobix Labs. “Even with the natural ups and downs of quarterly timing, we grew revenue by more than 50% for the year—proof of the powerful momentum behind our business. Looking ahead, our pipeline is expanding rapidly, and we see 2026 as another exciting step forward in our growth journey.” Fiscal 2025: Breakout Growth Across Key Markets Revenue climbed over 50% year-over-year. Expanded presence in aerospace and defense, powering mission-critical technologies. Broadened reach in wireless and high-reliability applications. Positioned to begin fiscal 2026 with a record-high opportunity funnel across defense, aerospace, and commercial infrastructure. 2026 Outlook: Momentum Building for Continued Expansion Mobix Labs expects fiscal 2026 to build on its momentum, supported by: Rising global demand for defense and aerospace connectivity solutions. Growing adoption of wireless and sensing technologies. Continued execution of an aggressive growth strategy, both organic and acquisition-driven. “Our opportunity pipeline has never been stronger,” Sansone added. “With disciplined execution and innovation, we believe fiscal 2026 will be another year of growth and progress for Mobix Labs.” About Mobix Labs, Inc. Based in Irvine, California, Mobix Labs is a fabless semiconductor company delivering advanced wireless and wired connectivity, RF, imaging, switching, and filtering technologies for next-generation communication systems. Our solutions support aerospace, defense, 5G, medical, industrial, and other high-reliability markets. 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 are typically identified by words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” “may,” “will,” “could,” “should,” “seek,” “target,” “goal,” “forecast,” “potential,” “continue,” or the negative of these terms, as well as similar expressions. These statements are based on current beliefs, expectations, and assumptions regarding future events, business performance, operating results, financial condition, liquidity, prospects, growth strategy, and industry trends, and are subject to known and unknown risks, uncertainties, and other factors, many of which are beyond the Company’s control, that could cause actual results to differ materially from those expressed or implied in these statements. Such risks and uncertainties include, among others, the variability and timing of customer orders and program-driven revenue, which may result in fluctuations from quarter to quarter; the Company’s limited operating history as a public company and its ability to execute on growth strategies, both organic and acquisition-driven; dependence on a small number of key customers and suppliers, particularly in the aerospace and defense industries; challenges associated with developing, commercializing, and scaling new technologies; competitive pressures, rapid technological change, and market adoption risks in wireless, defense, and high-reliability sectors; risks relating to the integration of acquisitions, the realization of anticipated synergies, and the management of growth; macroeconomic and geopolitical conditions, including defense budget priorities, inflation, supply chain disruptions, and global conflicts; regulatory, legal, and compliance risks, including export controls, government contracting requirements, and changes in applicable laws; and risks relating to the availability and cost of capital, as well as issues connected to liquidity, indebtedness, and access to financing. Readers are cautioned not to place undue reliance on forward-looking statements. Mobix Labs undertakes no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances, except as required by law. For additional discussion of these and other risks, please refer to the “Risk Factors” section and other disclosures in Mobix Labs’ filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Contacts Media Contact: Chris Lancaster, Mobix Labs, Inc. [email protected] Investor Contact: Ryan Battaglia, Mobix Labs, Inc. [email protected]

Investor releaseQuarter not tagged2025-08-15

Mobix Labs Third Quarter 2025 Earnings: US$0.17 loss per share (vs US$0.25 loss in 3Q 2024)

Simply Wall St.

Explore Mobix Labs's Fair Values from the Community and select yours Revenue: US$2.35m (up 14% from 3Q 2024). Net loss: US$8.27m (loss widened by 7.7% from 3Q 2024). US$0.17 loss per share. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Mobix Labs shares are up 3.3% from a week ago. You should learn about the 5 warning signs we've spotted with Mobix Labs (including 3 which shouldn't be ignored). Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Investor releaseQuarter not tagged2025-08-14

Mobix Labs Posts Record Margin, Strong Gross Profit Growth, and Major Operating Gains in Third Quarter 2025

GlobeNewswire
~ Record Adjusted Gross Margin – 60.6%, up from 42.7% last quarter ~ ~ Strong Adjusted Gross Profit Growth – up 32.7% from last quarter and 71.6% Y/Y ~ ~ Year-over-Year Revenue Growth – $2.35M up 14.2% from Q3 2024 ~ IRVINE, Calif., Aug. 13, 2025 (GLOBE NEWSWIRE) -- Mobix Labs, Inc. (Nasdaq: MOBX) (“Mobix Labs” or the “Company”), a leading provider of advanced connectivity solutions, today announced financial results for its third fiscal quarter and nine months ended June 30, 2025. “Mobix Labs delivered one of its strongest quarters ever, achieving record adjusted gross margins, substantial gross profit growth, and a sharp improvement in operating results,” said Phil Sansone, CEO of Mobix Labs. “These results demonstrate the power of our focus on high-margin products, operational discipline, and deep customer relationships in driving sustained performance and long-term shareholder value.” Financial Highlights for Q3 2025 Record Adjusted Gross Margin – Adjusted gross margin increased to 60.6% in Q3 2025, up from 42.7% in the prior quarter and 40.3% in the same quarter last year, reflecting a significant shift toward higher-margin products and operational efficiency. Substantial Growth in Adjusted Gross Profit – Adjusted gross profit rose to $1.42 million in Q3 2025, a 32.7% increase from $1.07 million in the prior quarter and a 71.1% increase from $0.83 million in the same quarter last year. Year-over-Year Revenue Growth – Revenue increased 14.2% year-over-year to $2.35 million compared to $2.06 million in Q3 2024, reflecting strong demand despite expected quarterly shipment timing variances. Sharp Improvement in Operating Results – Adjusted loss from operations improved to $1.17 million, a 64.2% reduction from the $3.27 million loss reported in the prior quarter. Sustained Nine-Month Momentum – For the first nine months of fiscal 2025, adjusted gross profit increased to $4.21 million, up 239.5% from $1.24 million in the same period last year, with adjusted gross margin expanding to 52.4% from 35.6%. Recent Business Highlights Leveraging RaGE Systems to Accelerate High-Value Programs – Continued integration of RaGE Systems, a Lowell, Massachusetts-based engineering firm specializing in wireless systems and aerospace and defense product development, is enabling Mobix Labs to deliver faster, turnkey solutions from concept through production, strengthening our p…Read full document

~ Record Adjusted Gross Margin – 60.6%, up from 42.7% last quarter ~ ~ Strong Adjusted Gross Profit Growth – up 32.7% from last quarter and 71.6% Y/Y ~ ~ Year-over-Year Revenue Growth – $2.35M up 14.2% from Q3 2024 ~ IRVINE, Calif., Aug. 13, 2025 (GLOBE NEWSWIRE) -- Mobix Labs, Inc. (Nasdaq: MOBX) (“Mobix Labs” or the “Company”), a leading provider of advanced connectivity solutions, today announced financial results for its third fiscal quarter and nine months ended June 30, 2025. “Mobix Labs delivered one of its strongest quarters ever, achieving record adjusted gross margins, substantial gross profit growth, and a sharp improvement in operating results,” said Phil Sansone, CEO of Mobix Labs. “These results demonstrate the power of our focus on high-margin products, operational discipline, and deep customer relationships in driving sustained performance and long-term shareholder value.” Financial Highlights for Q3 2025 Record Adjusted Gross Margin – Adjusted gross margin increased to 60.6% in Q3 2025, up from 42.7% in the prior quarter and 40.3% in the same quarter last year, reflecting a significant shift toward higher-margin products and operational efficiency. Substantial Growth in Adjusted Gross Profit – Adjusted gross profit rose to $1.42 million in Q3 2025, a 32.7% increase from $1.07 million in the prior quarter and a 71.1% increase from $0.83 million in the same quarter last year. Year-over-Year Revenue Growth – Revenue increased 14.2% year-over-year to $2.35 million compared to $2.06 million in Q3 2024, reflecting strong demand despite expected quarterly shipment timing variances. Sharp Improvement in Operating Results – Adjusted loss from operations improved to $1.17 million, a 64.2% reduction from the $3.27 million loss reported in the prior quarter. Sustained Nine-Month Momentum – For the first nine months of fiscal 2025, adjusted gross profit increased to $4.21 million, up 239.5% from $1.24 million in the same period last year, with adjusted gross margin expanding to 52.4% from 35.6%. Recent Business Highlights Leveraging RaGE Systems to Accelerate High-Value Programs – Continued integration of RaGE Systems, a Lowell, Massachusetts-based engineering firm specializing in wireless systems and aerospace and defense product development, is enabling Mobix Labs to deliver faster, turnkey solutions from concept through production, strengthening our position in aerospace and defense markets. Deepened Aerospace & Defense Relationships – Expanded adoption of Mobix Labs’ EMI and connectivity solutions by top-tier defense contractors, positioning the Company for multi-year program opportunities. Accelerating M&A Strategy – Mobix Labs accelerated its M&A strategy by announcing an unsolicited, non-binding proposal to acquire Peraso, Inc. at a 20% premium to its 30-day average share price, signaling the Company’s strategic commitment to expanding its market presence, accelerating revenue growth, and delivering enhanced value to shareholders through consolidation within the mmWave wireless sector Investing in the Future of Connectivity – Ongoing focus in expanding product offering in RF/mmWave, EMI filtering, and next-generation connectivity products is creating a robust pipeline of high-margin solutions for emerging 5G, aerospace, and defense applications. Non-GAAP Financial Measures In addition to reporting financial results in accordance with U.S. generally accepted accounting principles (GAAP), the Company uses certain non-GAAP measures of financial performance, including: Adjusted Gross Profit, which is defined as GAAP Gross Profit excluding amortization of acquisition-related intangible assets, inventory write-offs and stock-based compensation expense; Adjusted Loss from Operations, which is defined as GAAP Loss from Operations excluding depreciation, amortization of acquisition-related intangible assets, merger and acquisition-related expenses, inventory write-offs and stock-based compensation expense. The Company’s management believes it is useful to consider these non-GAAP financial measures, together with the corresponding GAAP financial measures, as they provide more transparency into current business trends, exclusive of the effects of certain non-cash expenses, acquisition-related charges, and items that may not be present in comparative fiscal periods. Management believes that, when considered together with reported GAAP financial measures, these non-GAAP financial measures are useful to investors and management in understanding the Company’s ongoing operations and operating trends and in analyzing the Company’s underlying financial performance. These non-GAAP financial measures are not intended to be considered in isolation from, as a substitute for, or superior to, the comparable GAAP measures. These non-GAAP financial measures may be different from similarly titled measures used by other companies. In the future, Mobix may consider whether other items should also be excluded in calculating the non-GAAP financial measures it uses. Management believes that the presentation of these non-GAAP financial measures provides investors with additional useful information to measure Mobix Labs’ financial and operating performance. In particular, these measures facilitate comparison of our operating performance between periods and may help investors to understand better our operating results. Internally, management uses these non-GAAP financial measures in assessing the Company's operating results and in planning and forecasting. A reconciliation of these non-GAAP financial measures to the most comparable GAAP measure is contained in the financial tables to this press release. About Mobix Labs, Inc. Mobix Labs, Inc. (Nasdaq: MOBX) is a high-growth provider of advanced connectivity solutions for wireless, defense, and aerospace applications. The Company designs and delivers leading-edge technologies in RF, EMI filtering, and next-generation connectivity that enable faster, more reliable communications and higher performance for mission-critical systems. Mobix Labs serves a diverse customer base that includes top-tier defense contractors and aerospace innovators. Mobix Labs is building a robust platform for sustainable growth and long-term shareholder value. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are generally identified by words such as “anticipate,” “believe,” “expect,” “intend,” “plan,” “project,” “will,” “may,” “should,” “could,” “would,” “continue,” and other similar expressions. These forward-looking statements include, but are not limited to, statements regarding the Company’s expectations, intentions, strategies, and beliefs concerning future events, including anticipated growth in aerospace, defense, and high-margin product markets; continued operational improvements; expansion of customer relationships; product development pipelines; market opportunities; profitability; and shareholder value creation. These statements are based on the Company’s current expectations and beliefs and are subject to a number of risks, uncertainties, and assumptions that are difficult to predict, including, without limitation, risks associated with: customer adoption and demand in targeted industries; timing and success of product development and commercialization; competitive pressures; supply chain constraints; geopolitical and defense spending trends; and those factors described in the “Risk Factors” section of the Company’s most recent filings with the Securities and Exchange Commission (“SEC”), including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Actual results could differ materially from those expressed or implied in the forward-looking statements due to these and other factors. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. Except as required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this release, whether as a result of new information, future events, or otherwise. Contacts Media Contact: Chris Lancaster, Mobix Labs, Inc. [email protected] Investor Contact: Ryan Battaglia, Mobix Labs, Inc. [email protected]

TranscriptFY2025 Q12025-02-18

FY2025 Q1 earnings call transcript

Earnings source - 4 paragraphs
Unidentified Company Representative

Good afternoon, everyone. I am Lisa, Investor Relations for Mobix Labs and I’d like to thank you for joining us as we report Mobix Fiscal Fourth Quarter and Full Year 2024 Financial Results for the period ending December 31st 2024. Joining me on today’s call are Fabian Battaglia, Chief Executive Officer; and Keyvan Samini, President and Chief Financial Officer. This call is also being webcast live in the Investor Relations section of our website at mobixlabs.com. Before we begin, I’d like to remind everyone of our Safe Harbor policy. This call and webcast contain forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995 which are subject to risks and uncertainties. Any statements regarding expectations, projections or other characterizations of further events, including financial outlooks, market conditions or product development are considered forward looking statement. Actual results may differ materially from those expressed due to various factors, including those outlined in our SEC filings. Mobix Lab assumes no obligation to update any forward-looking statements except as required by law. For more detailed discussion of risks and uncertainties, please refer to our SEC filings, including on our Form 10-Q for the quarter ending February 12, 2025 and the Risk Factors section of our Form S-1 filed on August 12, 2024. Additionally, this call includes non-GAAP financial measures. Reconciliations of these measures to the most directly comparable GAAP financial metrics are available in our fourth quarter earnings release which is posted in the Investor Relations section of our website. With that, I’d like to turn the call over to Fabian Battaglia. Fabian, please go ahead.

Fabian Battaglia

Good afternoon, everyone. I'm excited to welcome you to Mobix Labs fiscal year 2025 first quarter earnings call for the period ending December 2024. As we now enter our second full year as a public company, I am thrilled to share our progress and the opportunities we see ahead. Mobix Labs continues executing on a bold vision, leveraging technology innovation, strategic acquisitions and operational excellence to drive sustained growth. In fiscal Q1 2025, we delivered revenue of $3.17 million exceeding our prior guidance and marking our fifth consecutive quarter of growth. This momentum reflects the strength of the successful integration of RaGE Systems and EMI Interconnect Solutions and the expanding demand for our technology and solutions across key industries. Continuing our strategic expansion, Mobix Labs has agreed to acquire two high value companies, Spacecraft Components Corp and SCP Manufacturing. These acquisitions, which are expected to close within the next few months will strengthen our position in the aerospace and defense markets. Spacecraft Components, a well-established Nevada-based leader in precision aerospace and defense technology has long been a trusted supplier to Mobix Labs' subsidiaries as well as many other customers. Integrating their expertise and longstanding customer relationships will position us for even greater success. SCP Manufacturing, which specializes in mission-critical electronic components used exclusively in spacecraft components products plays a key role in supporting vital defense systems, including the U.S. Army's Patriot missile platform and major metropolitan transit networks. These acquisitions are expected to enhance our operational efficiency, gross margins and overall profitability as we create new synergies across our expanding portfolio. Our EMI Interconnect Solutions products line remains a high growth engine for the company. The mid-2024 launch of our Filtered ARINC Connectors set a new industry standard and demands for this product continues to grow. In Q1 2025, we secured bookings for these high-performance connectors now being integrated into next-generation aircraft electronics. Additionally, our customer designed filtered connectors are now actively deployed in the U.S. Army's Apache helicopters, enhancing communication reliability in mission-critical environments. We're also delivering our high-performance USB connectors for use in the U.S. Army's Chinook helicopters ensuring seamless data transmission in even the most extreme conditions. These successes reinforce Mobix Labs as a premier provider of high reliability interconnect solutions for military and commercial aerospace applications. On the wireless technology front, the RaGE Systems product group continues to be a powerful growth driver. I am pleased to announce that RaGE Systems has been awarded a Phase 1 SBIR grant from the U.S. Department of Defense. This funding supports pioneering collaboration with the University of Massachusetts at Lowell to develop a low power, high-performance monolithic software-defined system on chip for satellite communications. This project underscores our commitment to technological leadership and our role in strengthening national defense capabilities. In addition, demand for our millimeter wave imaging and security detection products remains robust. We are producing and advancing multiple generations of our imaging modules, opening doors to new markets, including critical infrastructure protection. Our non-visual imaging and multi sensor fusion technologies are expected to generate transportation infrastructure fault detection revenue opportunities throughout 2025 and beyond. Our partnership with Talking Heads Wireless is also beginning to yield results. As we help to integrate AI-driven, power-efficient radio architectures, we are laying the foundation for revolutionary advancements in base station technology, significantly reducing power consumption and improving network efficiency. Meanwhile, our research collaboration with the University of Massachusetts at Lowell continues to generate groundbreaking innovations. Our state-of-the-art lab on campus is driving advancements in infrastructure imaging for the rail industry and exploring next-generation solutions for low power, high-performance satellite communications. As we scale operations and integrate our acquisitions, we remain focused on meeting growing customer demand by optimizing production capacity to accelerate deliveries. With our planned strategic investments in technology, talent and infrastructure, we are confident in our ability to drive sustained growth and maximize shareholder value. At Mobix Labs, we are not just building a company. We are solving real-world customer problems. Our expertise in interconnect and wireless solutions, coupled with our disciplined approach to strategic acquisitions positions us as a formidable player in rapidly growing markets. As we look ahead, we are poised to capitalize on significant opportunities, drive innovation and create long term value for our shareholders. Now Keyvan will tell you a bit more about our financial results.

Keyvan Samini

Thank you, Fabian. I'm thrilled to share the financial highlights of our first fiscal quarter ending December 31, 2025. Unless otherwise stated, all figures discussed today are on a non-GAAP basis. Now let's dive into our results for the first quarter of 2025. We delivered revenues of $3.17 million, exceeding the high end of our guidance and marking a strong 7.3% sequential increase over the prior quarter. Our revenue skyrocketed 11-fold compared to the same fiscal quarter last year, underscoring our exceptional growth trajectory. Turning to gross margin, our first fiscal quarter adjusted gross margin remained relatively stable at 54.1%, compared to 56.6% in the prior quarter, reflecting continued price discipline and cost efficiencies. We also made meaningful strides in improving profitability. Adjusted loss from operations improved by an impressive 28.9%, narrowing to $2.5 million from $3.6 million in Q4. Notably, this marks the fourth consecutive quarter of reduced operating losses, a testament to our disciplined cost management and focus on scalable revenue growth. Our balance sheet continues to strengthen with cash growing to $405,000 at the end of Q1, a significant increase from $266,000 in the prior quarter. To capitalize on strategic acquisitions and rising customer demand, we are actively pursuing additional financing that will position us to execute on growth opportunities and scale our business to meet customer demand. Looking ahead at our second fiscal quarter of 2025, we acknowledge the substantial near-term variability associated with our acquisition strategy and sales cycles. Given this, we believe it is in the best interest of our stakeholders to withhold revenue guidance at this time. However, long term financial objectives remains firmly in place. We remain committed to achieving gross margin of 60% and an adjusted operating margin of 30%. As revenue scales, we will continue exercising disciplined cost management to drive operational leverage and advance toward profitability. In summary, we are highly encouraged by our performance in the December 2024 quarter. Our acquisition strategy is fueling the revenue expansion we set out to achieve. With a growing pipeline of M&A opportunities, rising customer demand and ongoing operational enhancements, Mobix Labs is on a clear path towards scalable growth and long-term success. Operator, we are now ready to take questions.

Operator

At this time, I'm not showing any questions in the queue. I would like to thank you for joining today's conference call. You may all disconnect.

TranscriptFY2024 Q42024-12-19

FY2024 Q4 earnings call transcript

Earnings source - 20 paragraphs
Operator

Good afternoon. Thank you for standing by. And welcome to Mobix Labs Inc. Fiscal Fourth Quarter and 2024 Financial Results Conference Call. Please be advised today's conference is being recorded and a replay will be available on Mobix's Investor Relations website. I would now like to turn the conference over to Lori Barker, Investor Relations. Please go ahead.

Lori Barker

Thank you. Good afternoon, everyone. I'm Lori Barker, Investor Relations for Mobix Labs. And I'd like to thank you for joining us today as we report Mobix fiscal fourth quarter and 2024 financial results for the period ending September 30th. With me on the call today are Fabian Battaglia, Mobix's Chief Executive Officer; and Keyvan Samini, President and Chief Financial Officer. This call is simultaneously being webcast on the Investor Relations section of our Web site at mobiclabs.com. Before we get started, I would like to remind everyone of our Safe Harbor policy. Comments made during this conference call and webcast contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties. Any statement that refers to expectations, projections or other characterizations of future events, including financial projections, future market conditions or future product enhancements or development is forward looking statement. Mobix's actual future results could differ materially from those expressed in such forward-looking statements for any reason, including those listed in our SEC filings. Mobix assumes no obligation to update any such forward-looking statements except as required by law. For greater detail about risks and uncertainties, please see our SEC filings, including on our Form 10-Q for the quarter ended June 30, 2024 and the section entitled Risk Factors in the Form S-1 filed on August 12, 2024. In addition, this call includes non-GAAP financial measures. Reconciliations of these non-GAAP financial measures with the most directly comparable GAAP measures are included in our fourth quarter earnings release posted on the Investor Relations section of our Web site. With that, I will turn the call over to Fabian Battaglia. Fabian, please go ahead.

Fabian Battaglia

Thank you, Lori. I am pleased to announce a successful fourth quarter that caps off Mobix Labs' results as we approach our first fiscal year as a public company. It is an exciting time as we unleash the performance of next generation wireless sensing and connectivity solutions. I'm proud of our team's execution as we quickly grow the breadth of our offerings through organic growth and synergistic accretive acquisitions. Integrating employees and technologies is part of our core DNA and shaping tomorrow's connectivity is front and center for all Mobix employees. In the fourth quarter, we executed on our plan and we grew revenues sequentially by 44% for a full year fiscal growth rate of 426%. Also, gross margins increased as we integrated RaGE Systems and continued working on synergies in a more favorable mix of products and engineering services. We closed out the fiscal year with strong bookings, which position us well for our next fiscal year and mergers, and acquisitions at Mobix Labs will continue to be in the news as we diversify our technology portfolio. Our recent announced letter of intent to acquire Spacecraft Components is an excellent example of our accretive funnel of M&A opportunities. Spacecraft is a leader in high precision mission critical components for aerospace, defense and commercial applications. Also, they are recognized for their cutting edge engineering and manufacturing capabilities. These electrical connector components and accessories are vital to critical missile technology, submarines, naval ships, oil rigs, railcars, military and commercial jet aircraft and many other applications. Notably, these components are utilized in the Patriot missile, the US Army's primary missile defense system and in tactical manned and autonomous vehicles. Additionally, Spacecraft supplies key components for railcar systems in major metropolitan areas, such as Chicago and New York. As a long-standing supplier to Mobix Labs, we were aware of Spacecraft's excellent reputation and we see them as a natural fit as we expand our offerings into aerospace, military and defense sectors and in more near term the transportation market. We expect that the acquisition will be accretive to Mobix Labs' earnings and will increase our workforce by approximately 150 employees. We are really excited about this acquisition and expanding our reach. Each quarter since becoming a publicly traded company, you've heard me talk about our acquisition strategy. Our mission remains consistent as we target and attract synergistic accretive opportunities that will expand our customer base and footprint and make life easier for our customers as they look to reduce their number of suppliers. Mobix Labs is a nimble supplier that can deliver demanding next generation solutions at best-in-class lead times. Today, I'd like to highlight two solutions groups. EMI interconnect solutions and our wireless system solutions from the RaGE Systems acquisition. Let me start with the EMI interconnect solutions, which are used by many leading companies in aerospace, military and medical applications. In June, we announced our new filtered ARINC connectors, which are setting a new standard in price, performance and customization. I'm pleased to say in the fourth quarter, we saw increased bookings for these high performance connectors used in advanced aircraft electronic systems. In the fourth quarter, we landed significant new customers in aerospace and defense sectors and we are now scheduled to produce custom filtered next generation high performance connectors for the customers' flight guidance and cockpit display systems. We are excited about our overall growth in EMI solutions and the planned growth in our interconnect product line, and we believe that we are well positioned in this core part of Mobix for further developments of these solutions as we expand our strong relationships and deliver what we believe is the fastest delivery of EMI filtered parts in the world. Customers value our engineering support and our nimble hands-on approach. The second area I'd like to highlight this quarter, wireless systems, achieved strong revenue and increased margins during the RaGE Systems' first full quarter with Mobicx. RaGE Systems has a strong customer base and exciting funnel of opportunities. We are quickly identifying synergies between Mobix Labs and RaGE Systems so we can expand on our customer base and products, and to deliver IP and technology across the entire product line portfolio. Within wireless systems, our security imaging and detection services and products continue to grow and expand. While we continue building and shipping present generation modules, we are also developing multiple generations of products with our customers to help them offer new products in new markets. This is all about helping our customers to envision different futures for imaging and detection in their established markets and in areas they are targeting for expansion. Also, our multi-spectral imaging and detection or MSID programs continue to expand. We added new MSID capabilities to our customer supported test facility and demonstrated new capabilities and functionality beyond security imaging detection. We believe the new capabilities that we are demonstrating in non-visual imaging and multi-sensor fusion should begin generating incremental revenues in 2025 and beyond in areas like infrastructure imaging and fault detection. Partnerships are an important part of developing our business and a good example is our expanding relationship with UMASS Lowell in Massachusetts. Together, we're working on several technologies and projects for infrastructure imaging and satellite communications. The pop-up laboratory created on the grounds of UMASS is focused on gaining a better understanding of infrastructure degradation and safety for the rail industry. Another joint program is working on identifying and investigating the feasibility of low power, low cost and high performance monolithic software defined system on a chip for SATCOM applications. Both technology development projects could lead to new product introduction in 2025 and 2026. In summary, customers come to Mobix Labs because we are a nimble supplier that can deliver demanding next generation solutions at best-in-class lead times. Also, execution of our acquisition strategy is diversifying our offerings and expanding on our end markets while growing revenue and margins. Now Keyvan will tell you a bit more about those financial results.

Keyvan Samini

Thank you, Fabian. I'm excited to walk you through the financial highlights of our fourth fiscal quarter ending September 30th as well as our full fiscal year ending September 30, 2024 and to share our outlook for the first fiscal quarter of 2025. Unless otherwise stated, the figures I'll discuss today are on a non-GAAP basis. Before discussing the numbers, I want to underscore the significant milestone Fabian mentioned earlier. Our letter of intent to acquire Spacecraft Components. If completed, this strategic acquisition is expected to be transformative for Mobix Labs, expanding our reach into high demand sectors, including military, defense, aerospace and rail. Spacecraft is a well-established business and its acquisition is expected to be immediately accretive. In addition to delivering immediate financial benefits, we believe this acquisition will enhance our sales strategy, strengthen our position in critical markets and significantly accelerate revenue growth for fiscal year 2025. Upon closing, we expect the transaction to materially increase Mobix Labs' revenue compared to fiscal 2024 while driving synergies that boost operational efficiency and long term scalability. Now let's look at our financial results for the fourth quarter and full fiscal year 2024. We delivered revenues of $2.95 million, surpassing the midpoint of our guidance range and representing a robust 44% sequential increase over the prior quarter. For the full fiscal year 2024, annual revenue grew by $6.44 million, marking an exceptional 426% increase over fiscal 2023. Turning to gross margin. Our fourth quarter adjusted gross margin improved 16.3 percentage points sequentially to 56.6%. This impressive growth was driven by a favorable product mix, pricing strength and operational efficiencies. On a full year basis, our fiscal 2024 adjusted gross margin reached 45%, a dramatic turnaround from fiscal 2023. We also made substantial progress reducing our adjusted loss from operations. For the fourth quarter, adjusted loss from operations declined by more than 12% to $3.6 million, down from $4.1 million in the last quarter. For the full fiscal year, adjusted loss from operations improved by 14.6%, narrowing to $15.96 million compared to $18.7 million in fiscal 2023. Our balance sheet remains stable and improving with cash growing to $266,000 at the end of Q4, up from $205,000 in the prior quarter. To support our acquisition strategy and meet rising customer demand, we are actively pursuing additional financing that will enable us to execute on our growth opportunities and scale further. Looking ahead to our first fiscal quarter of 2025, we are forecasting consolidated revenues of between $3.05 million and $3.15 million, a strong continuation of our growth momentum. As we look to the future, our long term financial goals remain clear. We are committed to achieving an adjusted gross margin of 60% and an adjusted operating margin of 30%. While revenue scale we will maintain discipline by ramping R&D and SG&A expenses at a slower pace driving profitability and operating leverage over time. In summary, we are incredibly pleased with the results from the September quarter and the full fiscal year 2024. Our acquisition strategy has delivered the transformational revenue growth we set out to achieve. With an expanding pipeline of M&A opportunities, increasing customer demand and operational improvements, Mobix Labs is positioned for long term success and scalable growth. Operator, we're now ready to take questions.

Operator

[Operator Instructions] Our first question will come from the line of Kevin Cassidy of Rosenblatt Securities.

Kevin Cassidy

You had mentioned that EMI interconnect solutions having increased bookings. Can you go into a little more details on that? Is it the market getting better or are there things you're doing that are increasing the bookings?

Fabian Battaglia

As you likely know the geopolitical [stripe] that exists today unfortunately is not calming down. So we're getting increased opportunities or increased request for, uh, products in that area. And as you know, EMI fits in that space. So aerospace and defense is a key driver for EMI and that's why we're seeing the increases that we see.

Kevin Cassidy

Can you say what the visibility is? Is it out one quarter, two quarters?

Fabian Battaglia

Typically, it's out to two quarters is what we see.

Kevin Cassidy

And then just one other question with the Spacecraft Components, 150 employees is impressive. But will you be able to get some leverage with those employees, like you'll be able to take over more of the say SG&A portion of the spending?

Fabian Battaglia

Yes, like all acquisitions, we look at the synergies and that's something that we're very experienced in doing. So we would take a company like Spacecraft who's got great technology, great capability, especially manufacturing capability and you match that with our go-to-market strategy and our experience in that space. We feel that that will be a great benefit when we combine forces.

Kevin Cassidy

And maybe could you say what percentage of those employees are engineers?

Fabian Battaglia

I would say it's less than 5%.

Operator

And our next question will be coming from the line of [Martyn Lucas].

Unidentified Analyst

Thank you very much for allowing me on your call today. I represent the investor family known as the [Lucas Ades] who watch my YouTube TV show and follow Mobix with great enthusiasm. I have two questions for you. The first one is, what specific strategies or initiatives is Mobix Labs prioritizing to drive shareholder value and ensure consistent stock price growth in both the short and long term?

Fabian Battaglia

Our strategy has been consistent from day one. So it's in two parts, the organic growth and then an M&A strategy to accelerate that growth. On the organic side, we focus on connectivity, wireless communications, security imaging and detection. Those are our primary focuses. And then on the M&A side, we have a well defined process and we're looking at areas in aerospace and defense, transportation, medical, wireless communications. So it's a combination, both short term what we have in front of us will drive the organic growth and then over the longer term, our M&A strategy will accelerate that growth.

Unidentified Analyst

My follow-up question. As we all know, investors around the world are extremely passionate and excited about where NVIDIA is going. So my viewers have asked me to ask this question. As NVIDIA is so popular now with retail investors and there are -- are there any ways that you could introduce your technology to them for a strategic partnership, this would surely be a great move?

Fabian Battaglia

Yes, we agree with that. Well, first, we applaud NVIDIA in their great success. We are a believer of GPU accelerated solutions and of course AI is driving that. And I think, we're seeing more AI end use cases, right? So we expect that that will continue to grow. Now we believe that Mobix IP is applicable in the same ecosystem. So we're excited to be attached to applications that live alongside where NVIDIA lives. Now what we expect, as of course with their success, we're going to see use cases, which we think are going to require increased expectations for things like higher demand rate and higher bandwidth type applications and we feel that that fits really well in the areas that we're developing.

Unidentified Analyst

Well, thank you very much for that, and giving us the chance to ask a question a few questions. And congratulations today on your call from all of the [Lucas Ades], thank you very much.

Operator

Thank you so much for participating in today's conference call. This now concludes today's meeting. You may all disconnect.

As of 2026-08-22 • Updated weeklySource: Earnings sourceIngestion runbook