Mobilicom Stock Price, News & Analysis

Mobilicom (MOB) announced that warrant holders have exercised warrants to purchase 761,290 ADRs, generating approximately $1.2 million in gross proceeds. The company expects these funds to extend its cash runway for at least 24 months. The warrant exercises were driven by a 150% increase in company valuation over the past month. First half 2024 financial results showed tripled revenues, improved gross margins, reduced net loss, and halved net cash used in operations compared to H1 2023. The company, which provides cybersecurity solutions for drones and robotics, anticipates strong performance in 2025 due to favorable military and civilian drone market dynamics.

Mobilicom (MOB) has received initial production-scale orders for its SkyHopper Pro datalinks from a U.S.-based drone manufacturer serving defense and commercial customers globally. The SkyHopper Pro has been integrated into high payload long range drones and functions as a cybersecure cognitive Software Defined Radio datalink, providing long-range non-line-of-sight communications with multiple transmission modes.

The technology supports point-to-point and point-to-multipoint communications with multiple viewers and offers built-in flexibility for optimization. The company expects additional production scale orders as these drones gain wider adoption among end users.

Mobilicom (MOB) has formed a strategic partnership with DT Research to target the ground control station (GCS) market for small drones and robotics. The collaboration combines Mobilicom's cybersecure communication and GCS expertise with DT Research's rugged computing technology. The partnership's products are NDAA-compliant, meeting U.S. Department of Defense procurement requirements. Their first joint product, the 8" Controller Pro, launched in September 2024, targets the tactical GCS market, which is part of the $6 billion global UAV CGS market expected to reach $26 billion by 2030 with a 22.6% CAGR.

Mobilicom (Nasdaq: MOB) is showcasing its military-grade drone solutions at the Association of the U.S. Army (AUSA) 2024 Annual Meeting & Exposition in Washington D.C. The company aims to expand its presence in the U.S. defense market, particularly for systems sold to the U.S. Department of Defense and its allies. Mobilicom's CEO, Oren Elkayam, highlighted the increasing demand for their cybersecure field-proven solutions among Tier-1 military contractors, especially in the current geopolitical environment.

The company is targeting a total addressable market expected to reach $8.5 billion by 2026, focusing on small UAS (sUAS) hardware and software solutions. Global conflicts are driving accelerated demand for sUAS, with drones being used for reconnaissance, intelligence gathering, and combat. Mobilicom's autonomous, cybersecure systems are emerging as a key component of modern warfare. The U.S. drone industry is experiencing growth, with the DoD's $1 billion Replicator program aiming to provide thousands of sUASs across multiple warfighting domains by August 2025.

Mobilicom (Nasdaq: MOB) has secured its third production-scale order from a Tier-1 Israel-based customer, bringing total purchases to $1.7 million in less than a year. The latest order, valued at $530,000, is for Mobilicom's SkyHopper Pro Micro datalink integration into loitering munitions systems. The customer, with $4 billion annual revenue, is a prime vendor for Lockheed Martin and supplies defense systems to over 40 countries.

Mobilicom's SkyHopper Pro Micro offers leading size-to-performance in the industry, at 50% of the size of the closest competitor and a fraction of the price. The small-size drone market, including loitering munitions, is projected to reach $10.4 billion by 2030. Mobilicom's end-to-end solutions support Swarm & Fleet drone operations, including the 10" Ground Control Station for tactical mobile control.

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.