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Mobix Labs (Nasdaq: MOBX), a fabless semiconductor company known for its advanced connectivity solutions, announced that it has received the BAE Systems 'Partner 2 Win' Gold Tier Award.
This award highlights Mobix Labs' outstanding performance and significant contributions to BAE Systems' supply chain in 2023. The company has been a key supplier for BAE Systems' Electronic Systems sector, providing electromagnetic filtering products and board-to-board flex circuits for FADEC controllers in jet engines for over fifteen years.
CEO Fabian Battaglia expressed honor in receiving the award and highlighted the expanding partnership between Mobix Labs and BAE Systems. The recognition underscores Mobix Labs' commitment to excellence and quality in its supply chain operations.
Mobix Labs (Nasdaq: MOBX), a fabless semiconductor company specializing in advanced connectivity solutions, will participate in TD Securities' 52nd Annual Technology, Media & Telecom Conference from May 28-30, 2024, in New York, NY. The event will feature presentations, fireside chats, and panel discussions on the Technology, Media, and Telecom (TMT) sector, hosted by TD Securities' research team.
Mobix Labs' leadership, including CEO Fabian Battaglia, President and CFO Keyvan Samini, and Executive Chairman James Peterson, will engage in one-on-one meetings with investors. Interested parties are encouraged to contact the conference organizers or the company's investor relations.
Mobix Labs (Nasdaq: MOBX) has finalized the acquisition of RaGE Systems, a Massachusetts-based leader in radio frequency design and manufacturing services. This move is expected to enhance Mobix's revenue and earnings, as well as accelerate product development and innovation. RaGE Systems specializes in products for 5G communications, mmWave imaging, and Software Defined Radio systems, targeting commercial, industrial, defense, and aerospace sectors. The acquisition aims to spur increased innovation, expand Mobix’s customer base, and broaden market reach.
CEOs from both companies highlighted the strategic benefits, with Mobix's leadership team set to support RaGE Systems' future endeavors. The acquisition reinforces Mobix Labs' global acquisition strategy, aiming for growth and a stronger market presence.
Mobix Labs (Nasdaq: MOBX), a fabless semiconductor company specializing in next-gen connectivity solutions across various sectors such as wired, wireless 5G, military, defense, aerospace, and medical, will participate in the 24th Annual B. Riley Securities Institutional Investor Conference. The event is scheduled for May 22, 2024, at the Beverly Hills Hilton in California. CEO Fabian Battaglia will conduct one-on-one meetings with investors throughout the day. Interested parties can contact the conference organizers or email the investor contact provided.
Mobix Labs (Nasdaq: MOBX) announced its financial results for Q2 2024, showcasing a 302% revenue increase to $1.1 million from the previous quarter's $0.29 million. The company reported a GAAP loss from operations of $8.56 million, down from $17.27 million in Q1 2024. Notably, Mobix Labs entered a definitive agreement to acquire RaGE Systems, aiming to diversify its product portfolio and expand into new markets. Additional highlights include a global distribution agreement with Arrow Electronics and the launch of the MBX3110 SP10T high-power RF switch. The company secured a $100 million equity line of credit and expects Q3 2024 revenues between $1.8-$2.2 million, and Q4 2024 revenues between $2.6-$3.2 million.
Mobix Labs, Inc. (Nasdaq: MOBX) announced the acquisition of RaGE Systems Inc., specializing in 5G communications. The deal is set to boost Mobix Labs' revenue and earnings, accelerating advancements in wireless communication. The acquisition will enhance capabilities in RF and mmWave integrated circuits and systems, reducing development time and expanding market presence. The transaction includes $2 million in cash, $10 million in stock, and potential earn-out payments up to $8 million.
Mobix Labs, Inc. (Nasdaq: MOBX) has entered into a global distribution agreement with Arrow Electronics, focusing on EMI Filtering products for defense and aerospace markets. This partnership will leverage Arrow's distribution platform, enhancing Mobix Labs' visibility to potential customers. The agreement aims to cater to military and aerospace applications with high-quality EMI Filtering solutions that comply with industry standards. Mobix Labs is already supplying EMI filtered parts for the U.S. Navy and Army programs, positioning itself for growth in these sectors.
Mobix Labs, Inc. (Nasdaq: MOBX) introduced the MBX3110 SP10T high-power RF switch, designed for the land mobile radio market. The switch enhances connectivity for critical communications, including first responders and military personnel, with improved coverage and reliability. The global RF switch market is expected to grow significantly, showcasing Mobix Labs' innovation and expansion into lucrative markets.
