Mobilicom Reports Financial Results for the Six Months Ended June 30, 2024; Revenues Up 232%
Mobilicom Limited - American Depositary Shares (MOB)
Company Research
Source: GlobeNewswire
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 $1.1 million averaging approximately $180,000 per monthStrong 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 revenuesEBITDA improved by 37% to $(1.5) million compared to $(2.4
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News
- Mobilicom Enters Strategic Partnership with DT Research Targeting the Tactical Ground Control Station Market for Small Sized Drones and Robotics in Harsh Environments [Yahoo! Finance]Yahoo! Finance
- Mobilicom Enters Strategic Partnership with DT Research Targeting the Tactical Ground Control Station Market for Small Sized Drones and Robotics in Harsh EnvironmentsGlobeNewswire
- Mobilicom Showcases its Military Grade Field-Proven Drone Solutions at the Association of the U.S. Army (AUSA) 2024 Annual Meeting & Exposition in Washington D.C.GlobeNewswire
- One of the World’s Largest Loitering Munitions Providers, an Israel Based Tier-1, Places Order with Mobilicom Bringing its Total Purchases to $1.7 Million in Less Than a YearGlobeNewswire
- Join Mobilicom’s Exclusive Live Investor Webinar and Q&A Session on September 25GlobeNewswire
MOB
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form 10-Q
- 11/13/24 - Form SC
- MOB's page on the SEC website