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Mobilicom Limited (Nasdaq: MOB) is a pioneering provider of cybersecurity and advanced solutions tailored for the drone, robotics, and autonomous platform industries. As a high-tech enterprise, Mobilicom specializes in the design, development, and deployment of innovative technologies aimed at manufacturers of global drone, robotics, and autonomous systems.
Mobilicom’s extensive portfolio includes both software and hardware solutions that ensure operational safety, security, and efficiency. One of their latest offerings, the MCU-70, is a cybersecure software-defined radio that enhances communication capabilities for mid-sized and long-range unmanned aerial vehicles (UAVs). This product is notable for its superior size-to-performance ratio and has broad applications across various drone and robotics platforms.
Recently, Mobilicom launched the OS3 Platform, a comprehensive software system designed to deliver Operational Security, Safety, and Standards compliance for commercial and defense uncrewed drones and robotics. This platform operates on NVIDIA AI computing frameworks and includes OS3 Edge for local mission fortification and OS3 Cloud for remote fleet management, thus providing unparalleled control and security across entire fleets.
Mobilicom has made significant strides in expanding its market presence in the United States and continues to grow its product line and business activities. With a sales backlog of $1.4 million and $8.4 million in cash at the end of 2023 coupled with an additional $3 million fund raise in January, the company is well-positioned for a strong financial start in 2024. Mobilicom anticipates substantial growth through repeat orders and new contracts.
Partnering with giants like Airbus, Mobilicom has demonstrated the robust capacity of its systems to handle HD video and high-speed data transmission over long ranges. The company's end-to-end solutions are utilized in mission-critical functions by more than 50 customers worldwide, including some of the largest drone manufacturers.
Mobilicom is also actively engaged in industry events, such as the AUVSI XPONENTIAL 2024 trade show, where it showcases its cutting-edge technologies. Investors and stakeholders are encouraged to participate in webinars and other informative sessions hosted by the company to gain insights into its growth initiatives and market strategies.
Mobilicom's mission is clear: to lead the field in cybersecure and robust solutions for the expanding global drone and robotics market. Through continued innovation and strategic partnerships, Mobilicom aims to set new industry standards and drive the future of autonomous systems.
Mobilicom (Nasdaq: MOB), a cybersecurity and robust solutions provider for drones and robotics, is hosting an exclusive live investor webinar on September 25, 2024, at 4:15 p.m. ET. CEO Oren Elkayam will discuss recent successes, growth initiatives, and the company's proprietary technology suite. Mobilicom's products form the core 'brain' of drones, offering control, guidance, and cybersecurity.
Key highlights:
- 56% gross margin in H1 2024, primarily from hardware sales
- 232% year-over-year revenue increase to $1.8 million in H1 2024
- Shift towards SaaS and recurring cybersecurity revenues expected from 2024
- Growth driven by initial production scale orders from U.S. and Israeli Tier-1 customers
RedChip Companies will air interviews with Mobilicom (NASDAQ:MOB) and ASP Isotopes Inc. (NASDAQ:ASPI) on Bloomberg TV's RedChip Small Stocks, Big Money™ show on September 14, 2024, at 7 p.m. ET. Mobilicom's CEO Oren Elkayam highlights the company's comprehensive drone technology suite, with a 56% gross margin in H1 2024 and a 232% YoY revenue increase to $1.8 million. ASP Isotopes' CEO Paul Mann discusses the company's isotope production capabilities for nuclear medicine and green energy. ASP Isotopes has a strong balance sheet with no long-term debt and expects significant revenue growth starting in 2024. H.C. Wainwright maintains a buy rating on ASPI with a $4.50 price target.
Mobilicom (Nasdaq: MOB) reported strong financial results for H1 2024, with revenues up 232% year-over-year to $1.8 million. This growth was driven by initial production scale orders from U.S. and Israeli Tier-1 customers. The company maintained a high gross margin of 56% and steady OPEX, demonstrating business model scalability. Mobilicom's cash position remains strong at $10 million, with a narrowing monthly burn rate of approximately $180,000.
Operational highlights include follow-on orders from major U.S. drone manufacturers and loitering munitions providers, as well as selection by Israel's Ministry of Defense for its small-sized drone program. The company also launched its OS3 Operations platform and new MCU-300 cybersecure software defined radio ground unit, expanding its market reach.
Mobilicom (Nasdaq: MOB) has unveiled its next-generation 8-inch Controller Pro, a ground control station (GCS) for drones and robotics, at the Commercial UAV Expo in Las Vegas. This innovative GCS aims to address the needs of a market projected to grow to $26 billion by 2030 at a CAGR of 22% from 2023 to 2030.
The 8-inch Controller Pro is designed to offer a unique combination of power, portability, and affordability, catering to the increasing deployment of small-sized drones, robotics, and loitering munitions by governments and enterprises. Mobilicom's CEO, Oren Elkayam, highlighted the product's potential to be transformative for the uncrewed systems and robotics sector, addressing a critical market need for a rugged, durable, and U.S. NDAA-compliant solution at a competitive price point.
Mobilicom (Nasdaq: MOB, MOBBW), a cybersecurity and robust solutions provider for drones and robotics, has regained compliance with Nasdaq's minimum bid price requirement. The company received formal notice from Nasdaq confirming its compliance with all applicable listing standards, allowing its American Depositary Shares (ADSs) to continue trading on the Nasdaq Capital Market.
Mobilicom had previously been notified on June 25, 2024, of its failure to maintain a minimum bid price of $1.00 for 30 consecutive business days. The company successfully met the requirement by maintaining a closing bid price of $1.00 or more for 10 consecutive trading days from July 5 to July 18, 2024, well ahead of the December 23, 2024 deadline provided by Nasdaq.
Mobilicom (Nasdaq: MOB) has received a follow-on order for its SkyHopper PRO datalink system from a major U.S.-based drone manufacturer. This client, with annual sales exceeding $5 billion, supplies drones to the U.S. defense market, including the Department of Defense. SkyHopper PRO, chosen over four competitors after field testing, offers secured cognitive SDR technology with superior performance in harsh environments and the best performance-to-SWaP-C in the market.
Mobilicom expects further orders as the global drone data link market is projected to grow at a CAGR of 25%, reaching $18 billion by 2030. The current order is valued at approximately $500,000, anticipating future larger orders.
Mobilicom has received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement, as its ADSs have closed below $1.00 for 30 consecutive trading days.
The company has until December 23, 2024, to regain compliance with the minimum bid price by achieving a closing bid price of $1.00 or above for at least 10 consecutive business days.
If Mobilicom fails to do so within this period, it may qualify for an additional 180-day compliance period provided it meets other listing standards. The notice has no immediate effect on the company's Nasdaq listing or trading of its ADSs.
BioVie and Mobilicom will be featured on the RedChip Small Stocks, Big Money™ show on Bloomberg TV, airing June 22 at 7 p.m. ET. BioVie's CEO, Cuong Do, discusses the company's late-stage clinical programs targeting neurodegeneration and liver disease, highlighting their lead asset, bezisterim, which has shown promising results in clinical trials for Parkinson's and Alzheimer's diseases. Key milestones include a Phase 2b trial for Parkinson's in Fall 2024 and a Phase 3 trial for Alzheimer's in mid-2025.
Mobilicom's CEO, Oren Elkayam, will talk about their investment opportunities. Mobilicom's products, like SkyHopper Datalinks and the ICE Cybersecurity Suite, have led to significant market penetration, with 50 customers in 18 countries. The company achieved 43% revenue growth and a 59% gross margin in 2023, ending the year with $8.4 million in cash, indicating a solid financial position to execute their strategic plans.
Mobilicom, a provider of cybersecurity solutions for drones and robotics, announced a follow-on order for its 10” Ground Control Station (GCS) from a top loitering munitions provider. This provider has annual revenues of $4 billion and serves clients including Lockheed Martin and various NATO countries. The GCS market is projected to grow to $26.56 billion by 2030, with a CAGR of 23%. Mobilicom’s solutions, including the GCS and SkyHopper PRO Micro datalink, offer military-grade performance and NDAA compliance. The $240,000 order reflects Mobilicom’s growth in the UAV market, driven by increasing global demand for drones.
Mobilicom CEO Oren Elkayam will attend the AUVSI's Hill Day on June 4, 2024, in Washington, D.C., to advocate for supportive regulations for uncrewed and autonomous technologies. Elkayam will join other industry leaders in meetings with key Members of Congress, the Congressional Unmanned Systems Caucus, and relevant House and Senate committees. Mobilicom, known for its cybersecurity solutions for drones and robotics, will leverage its expertise to discuss policies beneficial to the deployment of uncrewed systems. This engagement highlights Mobilicom's active role in shaping regulations that ensure the secure and effective use of autonomous technologies for societal benefit.
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