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
Show less
Read more
Impact Snapshot
Event Time:
MOB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MOB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MOB alerts
High impacting Mobilicom Limited - American Depositary Shares news events
Weekly update
A roundup of the hottest topics
MOB
News
- Join Mobilicom’s Exclusive Live Investor Webinar and Q&A Session on September 25GlobeNewswire
- Mobilicom Unveils its Next-Generation 8-Inch Ground Control Station for Drones & Robotics: Optimal Size, Peak Performance for Mission SuccessGlobeNewswire
- Drone Flight Management System Market size is set to grow by USD 14.35 billion from 2024-2028, Increase in legal acceptance of drone operations for commercial applications boost the market, TechnavioPR Newswire
- Mobilicom Regains Compliance with Nasdaq Minimum Bid Price Requirement [Yahoo! Finance]Yahoo! Finance
- Mobilicom Regains Compliance with Nasdaq Minimum Bid Price RequirementGlobeNewswire
MOB
Sec Filings
- 9/12/24 - Form EFFECT
- 9/9/24 - Form POS
- 9/9/24 - Form 6-K
- MOB's page on the SEC website