Mobilicom Provides First Quarter 2026 Financial Highlights & Business Update

Rhea-AI Summary

Mobilicom (Nasdaq:MOB) reported Q1 2026 revenue of $548,000, down from $844,000 a year earlier. Confirmed order backlog rose to $1.8 million, giving about $2.4 million in revenue visibility. The company highlighted $2.2 million in new U.S. defense orders, multiple global design wins, FCC Trusted Drone status, $17.7 million cash, and a debt‑free balance sheet, while average monthly operating cash burn was $528,000.

Positive

• Order backlog increased to $1.8 million from $737,000 year-over-year
• Revenue visibility (Q1 revenue plus backlog) rose to $2.4 million from $1.6 million
• $2.2 million in new orders tied to the OPF-L Program
• $17.7 million in cash and cash equivalents as of March 31, 2026
• Debt-free balance sheet with no loans, credit facilities, or convertible debt
• FCC Trusted Drone status for full product suite, one of four companies globally

Negative

• Quarterly revenue declined to $548,000 from $844,000 year-over-year
• Operating net cash burn averaged $528,000 per month during Q1 2026

News Market Reaction – MOB

+21.53% 2.1x vol

33 alerts

+21.53% Session close to close

+33.8% Peak in 24 hr 43 min

$101.45M Market Cap

2.1x Rel. Volume

In the May 28 session, MOB gained 21.53%, reflecting a significant positive market reaction. Argus tracked a peak move of +33.8% during that session. Our momentum scanner triggered 33 alerts that day, indicating elevated trading interest and price volatility. Trading volume was elevated at 2.1x the daily average, suggesting notable buying interest.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +21.5% in the session following this news. A strong positive reaction aligns with t...

Analysis

The stock surged +21.5% in the session following this news. A strong positive reaction aligns with the mix of growing defense traction and solid liquidity highlighted in this update. Investors saw higher confirmed backlog of $1.8 million, new orders of $2.2 million, and cash of $17.7 million offsetting softer quarterly revenue of $548,000. Historically, earnings moves averaged -2.44%, so a +6.25% gain marked a break from prior post-earnings weakness.

Key Figures

Q1 2026 revenue: $548,000 Q1 2025 revenue: $844,000 Order backlog: $1.8 million +5 more

8 metrics

Q1 2026 revenue $548,000 Three months ended March 31, 2026

Q1 2025 revenue $844,000 Three months ended March 31, 2025

Order backlog $1.8 million Confirmed backlog as of March 31, 2026

Prior backlog $737,000 Confirmed backlog as of March 31, 2025

New orders $2.2 million New orders tied to OPF-L Program from U.S. Tier-1 customer

Cash position $17.7 million Cash and cash equivalents as of March 31, 2026

Operating cash burn $528,000 per month Average operating net cash burn during Q1 2026

Revenue visibility $2.4 million Q1 2026 revenue plus backlog and recognized revenue

Previous Earnings Reports

5 past events · Latest: Mar 23 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 23	2025 year-end results	Positive	-3.1%	Reported 2025 results with higher revenue and cash plus reduced cash burn.
Aug 12	H1 2025 results	Positive	-3.0%	H1 2025 results showing $1.5M revenue, $1.6M backlog, strong margins and cash.
May 19	Q1 2025 results	Positive	+4.1%	Q1 2025 update with $844K revenue, $8M cash and Blue UAS milestones.
Mar 27	2024 year-end results	Positive	-13.7%	2024 record revenues up 45% to $3.2M and strong margins with lower OPEX.
Sep 09	H1 2024 results	Positive	+3.5%	H1 2024 results with revenues up 232% to $1.8M and strong cash position.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Earnings updates have often been fundamentally positive but followed by weak or negative next-day moves, with 3 of 5 prior earnings releases seeing declines.

Recent Company History

Over the past two years, Mobilicom’s earnings releases have highlighted steady growth and strengthening liquidity. 2024 revenues rose 45% to $3.2M, and 2025 year-end revenues reached $3.4M with cash of $19.1M. Interim updates reported revenue of $1.5M and backlog of $1.6M for H1 2025, and Q1 2025 revenues of $844,000 with cash of $8M. Despite these positive trends, next-day price reactions have been mixed, often skewing negative.

Key Terms

program of record, intelligence, surveillance and reconnaissance, loitering munitions, software-defined radio, +4 more

8 terms

program of record technical

"transition into Program of Record production ramp-up, which shifted procurement timing"

A program of record is a government-approved, funded acquisition project that has an official schedule, budget and oversight within the procurement system. For investors, it signals a formal, multi-year buying commitment—like an official shopping list and timetable the government has agreed to—which can reduce sales uncertainty, support production planning and make future revenue from that program more predictable.

intelligence, surveillance and reconnaissance technical

"defense drone manufacturers for small-sized Intelligence, Surveillance and Reconnaissance (“ISR”) drone platforms"

Intelligence, surveillance and reconnaissance (ISR) are the activities and systems used to gather information about people, places and events—like a combination of watching with cameras and sensors, collecting clues, and making sense of them to know what is happening or likely to happen. Investors care because ISR drives demand for specialized equipment, software and services and affects national security spending and risk assessments; companies involved can see steady contracts, technology-driven growth, or heightened scrutiny depending on geopolitical developments.

loitering munitions technical

"small-sized drones for loitering munitions platforms, deliveries under these orders"

A loitering munition is a weapon that combines a small, guided aircraft and its explosive warhead into a single system that can fly over an area, wait while searching for a target, then dive in to destroy it — think of it as a drone with a built‑in bomb that can loiter like a hawk before striking. Investors care because demand, production, export rules, and ethical or regulatory restrictions can sharply affect defense company revenues, supply chains, and share prices.

software-defined radio technical

"SkyHopper Tactical, a wearable SDR communication solution designed to provide secure"

A software-defined radio is a radio system where functions traditionally done by fixed hardware—like tuning, filtering and decoding signals—are performed by software running on general-purpose processors. For investors, it matters because this flexibility can cut development costs, speed product updates, expand applications across markets, and concentrate value in software and services rather than specialized chips, while also raising considerations about regulatory compliance and cybersecurity.

datalink technical

"SkyHopper datalink and ICE electronic warfare resistant software solutions."

A datalink is the channel or service that moves and translates information between two computer systems, devices, or organizations so they can work together — think of it like a secure courier or plumbing pipe for digital data. For investors, a reliable datalink affects how quickly and accurately a company can deliver services, scale operations, form partnerships, meet regulatory reporting requirements and avoid costly downtime or errors, all of which can influence revenue and risk.

electronic warfare technical

"ICE electronic warfare resistance & cybersecurity suite, supporting Mobilicom’s 2026"

Electronic warfare involves using technology to disrupt, deceive, or disable an opponent’s electronic systems, such as communication networks, radar, or navigation signals. It is like jamming or scrambling a radio or GPS to prevent others from receiving clear information. For investors, it matters because advances in electronic warfare can impact military capabilities, influence global security, and affect the stability of markets and technological investments.

trusted drones regulatory

"included in the FCC’s first batch of Trusted Drones, as determined by the U.S. DoW"

Trusted drones are unmanned aircraft that have been certified or proven to operate safely, securely and reliably, with safeguards against hacking, failures and regulatory noncompliance. Investors care because these assurances reduce the risk of costly recalls, legal penalties and reputation damage, and they make it more likely the drones will win customer contracts and insurance coverage—similar to how a certified safety rating makes a car more sellable and less risky to insure.

at-the-market facility financial

"Mobilicom terminated its At-The-Market facility during the quarter, reflecting improved"

An at-the-market facility is a standing arrangement that lets a publicly traded company sell new shares directly into the open market at whatever the current market price is, typically through an investment bank acting as a sales agent. For investors it matters because it provides the company with a flexible way to raise cash without a large, one-time share offering; however, selling additional shares can dilute existing ownership and, by increasing supply, may pressure the stock price like adding more tickets to a limited-seat event.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Announces Progress in Second U.S. Department of War Program of Record Through Tier-1 Defense Partner Supporting the U.S. Army’s LASSO Program

$2.2 Million in New Orders from U.S. Tier-1 Customer for U.S. Department of War Program of Record

Two New Design Wins with U.S. Tier-1 Drone Platforms and Expanding APAC and Middle East Engagements Drive Global Growth

Granted FCC Trusted Drone Status for UAS Critical Components, Reinforcing Position in the Secure U.S. Defense Supply Chain

Palo Alto, California, May 27, 2026 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, MOBBW) (“Mobilicom” or the “Company”), a provider of cybersecurity and robust solutions for drones and robotics, today announced its financial results for the three months ended March 31, 2026, as well as recent operational and strategic developments. The Company’s management will host a webcast at 4:30 p.m. ET today. Details of the webcast are provided below.

“This quarter marked a period of strong operational momentum for Mobilicom as we advanced from development programs toward production deployments with Tier-1 defense customers,” said Oren Elkayam, CEO and Founder of Mobilicom. “Revenue during the quarter was impacted by temporary timing dynamics relating to a customer’s transition into Program of Record production ramp-up, which shifted procurement timing from initial deployment orders to larger follow-on production orders.”

“In a significant milestone, a Tier-1 partner has progressed within the U.S. Army’s Low Altitude Stalking and Strike Ordnance (LASSO) Program process, embedding our cybersecure SkyHopper datalink and ICE electronic warfare resistant software solutions. While the program remains in the initial deployment and validation stage, we believe this has the potential to position Mobilicom for additional production-scale opportunities as the program advances. We also secured $2.2 million in new orders tied to the OPF-L Program and achieved another important milestone by expanding our presence within the U.S. defense drone market through two new Tier-1 drone platform design wins.”

“We are proud to be one of only four companies globally in the first batch of FCC ‘Trusted Drones’ which included the entire portfolio of Mobilicom hardware, software and cybersecurity products, reinforcing our position as a critical drone technology provider for U.S. and allied defense programs.”

Elkayam concluded, “With a debt-free balance sheet, $17.7 million in cash, and a disciplined operating structure, we believe Mobilicom is well positioned to capitalize on accelerating production-scale demand, grow revenue, and progress toward positive cash flow as order activity continues to build through 2026.”

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Recent Operational & Strategic Highlights

• Tier-1 partner has progressed within the U.S. Army’s LASSO program, embedding our technology and reinforcing Mobilicom’s position within next-generation U.S. defense drone platforms and supporting potential long-term demand.
• Announced new design wins with two leading U.S. Tier-1 defense drone manufacturers for small-sized Intelligence, Surveillance and Reconnaissance (“ISR”) drone platforms incorporating tailored, cybersecure SkyHopper datalink solutions and ICE electronic warfare resistance & cybersecurity suite, supporting Mobilicom’s 2026 Strategic Objective to Expand Tier-1 Defense Drone Platform Opportunities.
• Launched SkyHopper Tactical, a wearable SDR communication solution designed to provide secure, real-time video and mission-critical telemetry between dismounted teams and unmanned platforms in contested and GPS-denied environments.
• Announced $2.2 million in new orders tied to the OPF-L Program with a large U.S.-based manufacturer of small-sized drones for loitering munitions platforms, deliveries under these orders have commenced, with full delivery expected by year-end.
• Asia-Pacific (APAC) customer design win for ISR drone platforms, supporting the Company’s expansion into the growing APAC market for unmanned systems.
• Mobilicom’s full suite of drone and robotics solutions was included in the FCC’s first batch of Trusted Drones, as determined by the U.S. DoW, making Mobilicom one of only four companies granted exemption status and highlighting its compliance with stringent U.S. security standards
• Middle East customer design win, including an initial order from a United Arab Emirates–based defense manufacturer, further expanding the Company’s presence in a strategically important and rapidly growing market for autonomous and remotely operated defense and security systems.
• Launched SkyHopper MultiBand, a next-generation communication solution designed to support multi-frequency operations and deliver secure, reliable connectivity in complex environments, featuring a unified configuration that enables deployment across the U.S., Europe, NATO, and other regions through software-defined band selection.
• Secured a new customer design win in Israel for systems to be deployed in India, including an initial order for a cybersecure ISR drone platform.

Financial Highlights for the First Quarter Ended March 31, 2026

• Revenue was $548,000 for the three months ended March 31, 2026, compared to $844,000 in the first quarter of 2025. The decrease primarily reflected temporary procurement timing related to a customer’s transition into scaled Program of Record production activities.
• Mobilicom’s confirmed order backlog was $1.8 million as of March 31, 2026, compared to $737,000 as of March 31, 2025. Combined with first quarter revenue, backlog and recognized revenue created approximately $2.4 million of revenue visibility, representing a 50% increase compared to $1.6 million at the same point last year. Additional orders received after March 31, 2026, including from a U.S. Tier-1 customer supporting an ongoing Program of Record and an APAC customer, are expected to be fulfilled during calendar year 2026.
• Operating net cash burn averaged $528,000 per month during Q1 2026, reflecting a shift toward funding operational readiness, growth initiatives, and investments supporting Tier-1 platform integrations, strategic component inventory procurement, and expansion of our U.S. commercial infrastructure.
• $17.7 million in cash and cash equivalents as of March 31, 2026, combined with disciplined execution, positions Mobilicom to support continued growth initiatives and progress toward positive cash flow.
• Clean, debt-free balance sheet with no loans, credit facilities, or convertible debt.

Corporate Developments

• Mobilicom terminated its At-The-Market facility during the quarter, reflecting improved financial performance while continuing its disciplined approach to capital management.

Conference Call & Webcast Info:

Wednesday, May 27, 2026, at 4:30 pm EDT

US Dial-in:

833 548 0282 US Toll Free
833 548 0276 US Toll Free
Webinar ID: 831 4535 1975

Please register in advance: HERE

A recording of the webcast will be available in the "EARNINGS UPDATE" section on ir.mobilicom.com for those unable to attend the live event.

About Mobilicom
Mobilicom is a leading provider of cybersecure robust solutions for the rapidly growing defense and commercial drones and robotics market. Mobilicom’s large portfolio of field-proven technologies includes cybersecurity, software, hardware, and professional services that power, connect, guide, and secure drones and robotics. Through deployments across the globe with over 50 customers, including the world’s largest drone manufacturers, Mobilicom’s end-to-end solutions are used in mission-critical functions.

For investors, please use https://ir.mobilicom.com/  
For company, please use www.mobilicom.com

Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. For example, the Company is using forward-looking statements when it discusses expectations regarding increasing production-scale demand, the potential for additional orders under programs of record, the development of relationships with Tier-1 defense partners, and the Company’s ability to support growth initiatives and respond to evolving market opportunities. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company’s filings with the Securities and Exchange Commission.

Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.

For more information on Mobilicom, please contact:

Chris Donovan
Head of IR
Chris.Donovan@mobilicom.com

FAQ

What were Mobilicom (NASDAQ:MOB) Q1 2026 revenues and how did they compare year-over-year?

Mobilicom reported Q1 2026 revenue of $548,000, compared with $844,000 in Q1 2025. According to Mobilicom, the decrease mainly reflected temporary procurement timing as a key customer transitioned into scaled Program of Record production activities and shifted order timing.

How large was Mobilicom's order backlog and revenue visibility after Q1 2026?

Mobilicom ended Q1 2026 with a confirmed order backlog of $1.8 million. According to Mobilicom, backlog plus first-quarter revenue provided about $2.4 million of revenue visibility, a 50% increase versus $1.6 million at the same point in the prior year.

What new defense orders did Mobilicom (MOB) secure related to the U.S. Department of War programs?

Mobilicom secured $2.2 million in new orders tied to the OPF-L Program from a large U.S.-based drone manufacturer. According to Mobilicom, deliveries under these orders have begun, with full delivery expected by year-end 2026, supporting loitering munitions platforms.

What is Mobilicom's cash position and debt level as of March 31, 2026?

Mobilicom reported $17.7 million in cash and cash equivalents with no debt as of March 31, 2026. According to Mobilicom, this cash balance and a debt-free structure support growth initiatives and progress toward positive cash flow while funding Tier-1 platform integrations.

How did Mobilicom advance within the U.S. Army LASSO Program in early 2026?

A Tier-1 partner using Mobilicom technology progressed within the U.S. Army’s LASSO Program process. According to Mobilicom, its SkyHopper datalink and ICE cybersecurity solutions are embedded, and the program remains in initial deployment and validation with potential future production-scale opportunities.

What does FCC Trusted Drone status mean for Mobilicom shareholders?

Mobilicom’s full drone and robotics portfolio was included in the FCC’s first batch of Trusted Drones. According to Mobilicom, this recognition, granted to only four companies, reinforces its role in secure U.S. and allied defense supply chains for unmanned systems components.