Latest news with #MobixLabs
Business Wire
13 hours ago
- 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
