Latest news with #MobixLabs
Globe and Mail
3 days ago
- Business
- Globe and Mail
Mobix Labs Posts Record Margin, Strong Gross Profit Growth, and Major Operating Gains in Third Quarter 2025
~ 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 Mobix Labs, Inc. Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited, in thousands, except share and per share amounts) Three months ended June 30, Nine months ended June 30, 2025 2024 2025 2024 Net revenue $ 2,350 $ 2,058 $ 8,030 $ 3,488 Cost of revenue 1,001 1,327 3,974 2,608 Gross profit 1,349 731 4,056 880 Research and development 486 1,369 1,816 4,328 Selling, general and administrative 8,208 8,710 32,043 31,731 Impairment of long-lived assets 725 - 725 - Loss from operations (8,070) (9,348) (30,528) (35,179) Interest expense 547 127 1,032 1,232 Change in fair value of earnout liability (210) (661) (490) (30,599) Change in fair value of warrants (612) 58 (1,237) 12 Change in fair value of PIPE make-whole liability - 310 - (122) Merger-related transaction costs expensed - - - 4,009 Private placement costs expensed 443 - 443 - Other non-operating losses, net 36 2 135 1,587 Loss before income taxes (8,274) (9,184) (30,411) (11,298) Provision (benefit) for income taxes (2) (1,505) (9) (2,801) Net income (loss) and comprehensive income (loss) $ (8,272) $ (7,679) $ (30,402) $ (8,497) Net income (loss) per share of Class A and Class B Common Stock: Basic $ (0.17) $ (0.25) $ (0.72) $ (0.35) Diluted $ (0.17) $ (0.25) $ (0.72) $ (0.36) Weighted-average common shares outstanding: Basic 48,785,295 30,552,063 42,474,411 26,350,138 Diluted 48,785,295 30,552,063 42,474,411 26,411,020 Mobix Labs, Inc. (unaudited, in thousands) Three months ended June 30, Nine months ended June 30, 2025 2024 2025 2024 Computation of Adjusted Loss from Operations: GAAP loss from operations $ (8,070) $ (9,348) $ (30,528) $ (35,179) Depreciation 60 127 306 357 Amortization of aquisiton related intangible assets 407 481 1,285 1,117 Merger & acquisiton- related expenses (1,396) 976 823 3,491 Inventory write-off - - - 125 Stock-based compensation expense 7,102 3,622 20,256 17,768 Impairment of long-lived assets 725 - 725 - Adjusted loss from operations $ (1,172) $ (4,142) $ (7,133) $ (12,321) Three months ended June 30, Nine months ended June 30, 2025 2024 2025 2024 Computation of Adjusted Gross Profit: GAAP gross profit $ 1,349 $ 731 $ 4,056 $ 880 GAAP gross margin % 57.4 % 35.5 % 50.5 % 25.2 % Amortization of acquisition-related intangible assets 11 72 33 208 Inventory write-off - - - 125 Stock-based compensation expense 64 27 122 27 Adjusted Gross Profit $ 1,424 $ 830 $ 4,211 $ 1,240 Adjusted Gross Margin % 60.6 % 40.3 % 52.4 % 35.6 %
Yahoo
21-07-2025
- Business
- Yahoo
Mobix Labs (MOBX) Offers to Buy Peraso in Stock Deal
Mobix Labs, Inc. (NASDAQ:MOBX) is one of the 11 Best Semiconductor Penny Stocks to Buy According to Hedge Funds. On June 26, Mobix Labs, Inc. (NASDAQ:MOBX) reported that it made an unsolicited, non-binding offer to acquire Peraso, Inc. (PRSO). The proposal involves a premium stock-for-stock transaction where Mobix Labs, Inc. (NASDAQ:MOBX) will exchange newly issued common shares for each PRSO share. The exchange rate offers a 20% premium based on PRSO's 30-day average closing share price through June 10, 2025. A technician overlooking a circuit board being built and tested for a semiconductor device. Peraso is known for its 5G/mmWave chipsets and software, which can complement Mobix Labs, Inc.'s (NASDAQ:MOBX) existing work in defense, aerospace, AI data centers, and 5G markets. According to the report by Mobix Labs, Inc. (NASDAQ:MOBX), if the deal goes through, the combined company could generate about $20 million in annual revenue. Mobix Labs, Inc. (NASDAQ:MOBX) also expects to improve profits through scale-driven synergies in sales, production, and procurement. Mobix Labs, Inc. (NASDAQ:MOBX) is a semiconductor company specializing in the supply of advanced connectivity solutions for aerospace, defense, AI, and 5G infrastructure markets. While we acknowledge the potential of MOBX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
17-07-2025
- Business
- Business Wire
Mobix Labs Secures Surge of High-Value Defense Orders, Igniting Growth in its Filter Interconnect Products
IRVINE, Calif.--(BUSINESS WIRE)-- Mobix Labs, Inc. (NASDAQ: MOBX), a leading innovator of advanced connectivity and electromagnetic interference (EMI) filtering technology, today announced significant quarter-over-quarter revenue growth in its filter and interconnect products, powered by strong customer demand and major wins across mission-critical defense and aerospace programs. "We're not just participating in defense platforms—we're enabling them.' — Bob Ydens, VP & GM, Interconnect Products, Mobix Labs Share Mobix Labs Reports Sharp Increase in Filter Connector Orders Mobix Labs' wholly owned subsidiary, EMI Filter Solutions, experienced a sharp uptick in high-value production orders during Q2 2025. These orders span top-tier U.S. defense contractors and cutting-edge aerospace applications, underscoring the company's growing role as a trusted supplier in national security infrastructure. 'We continue to see robust growth in our filtering technology, particularly in mission-critical environments,' said Bob Ydens, VP and GM of Interconnect Products. 'Mobix Labs isn't just participating in these defense platforms—we're enabling them,' said Ydens. 'As the U.S. and its allies ramp up investment in secure communications, missile systems, and aerospace technologies, our filtered interconnect solutions have become mission-critical infrastructure. The reliability and performance Mobix Labs delivers are essential to national defense.' Highlights from Q2 2025 Launched Filtered D-Sub connectors sparking new revenue-generating production orders. Secured major order from a U.S. defense contractor for a classified military system. Expanded deliveries to defense electronics integrators supporting satellite and GPS. Experienced surging demand for custom filters tied to U.S. Navy programs. Ramped production of filtered connectors for next-gen aerospace development platforms. Received initial volume orders for new Filtered ARINC connectors—serving aerospace communications systems. Mobix Labs introduced both its Filtered D-Sub and Filtered ARINC product lines in 2024, and demand has far exceeded initial projections. These compact, rugged connectors are purpose-built for the most demanding defense and aerospace platforms—where performance and reliability are non-negotiable. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including, without limitation, statements regarding (i) our expectations for continued growth in EMI filtered connector orders; (ii) our ability to expand production volumes and fulfill orders tied to long-cycle defense and aerospace programs; (iii) customer demand trends and new contract opportunities; (iv) our anticipated performance for the second half of 2025; and (v) the long-term impact of our filtered D-Sub and ARINC product lines on revenue and market share, are forward-looking statements. Although Mobix Labs believes that the expectations reflected in these forward-looking statements are reasonable, it cannot guarantee future results, performance, or achievements. Actual results may differ materially from those projected as a result of various risks and uncertainties. These factors include, but are not limited to: the timing, size, and fulfillment of customer orders; our ability to maintain production capabilities at scale; macroeconomic conditions and supply chain constraints; risks related to our ability to secure additional capital; fluctuations in customer demand; changes in defense and aerospace spending; risks related to technology development and product qualification cycles; and our ability to maintain the listing of our securities on Nasdaq. Additional information concerning these and other risks is described in the 'Risk Factors' section of our Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission ('SEC') on August 14, 2024, and in subsequent filings with the SEC. All forward-looking statements in this release are based on information available to Mobix Labs as of the date hereof, and Mobix Labs undertakes no obligation to update or revise any forward-looking statements, except as required by law.
Business Wire
17-06-2025
- Business
- Business Wire
Mobix Labs Sees Strong Defense Sector Momentum and Continued Growth in Customer Bookings
IRVINE, Calif.--(BUSINESS WIRE)-- 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. Mobix Labs reported customer bookings exceeded shipments by 75% last quarter -- a key indicator of forward-looking revenue strength and growing customer confidence Share 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 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.
Yahoo
14-02-2025
- Business
- Yahoo
Mobix Labs First Quarter 2025 Earnings: US$0.52 loss per share (vs US$0.045 profit in 1Q 2024)
Revenue: US$3.17m (up by US$2.88m from 1Q 2024). Net loss: US$19.8m (down from US$935.0k profit in 1Q 2024). US$0.52 loss per share (down from US$0.045 profit in 1Q 2024). All figures shown in the chart above are for the trailing 12 month (TTM) period Mobix Labs shares are up 9.2% from a week ago. Don't forget that there may still be risks. For instance, we've identified 6 warning signs for Mobix Labs (4 can't be ignored) you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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. Sign in to access your portfolio
