Mobilicom Stock Price, News & Analysis

Mobilicom has successfully listed on NASDAQ under the ticker symbol MOB after an oversubscribed IPO raising A$19.2 million, strengthening its operations in the US drone market. The company confirmed an order backlog of A$790,000 and received a new A$408,000 R&D grant from Space Florida for developing a Multi-Link communication system. Additionally, it launched the SkyHopper Micro to facilitate mass deployment of drone fleets and ended September 2022 with a robust cash balance of A$22.2 million, ensuring ample resources for growth.

Mobilicom Limited (NASDAQ: MOB, MOBBW) has fulfilled its initial SkyHopper COMBO order from the Israel Ministry of Defense (IMOD), valued at approximately A$92,000 (US$58,000). This order marks the start of a new fleet deployment program for IMOD's small drone solutions aimed at intelligence and reconnaissance applications. The company anticipates a high likelihood of repeat orders as IMOD commercializes its drone fleet, showcasing Mobilicom’s capabilities in secure communications and cyber-resilient environments.

Mobilicom Limited (NASDAQ: MOB, MOBBW) has expanded its SkyHopper product line with the launch of SkyHopper Micro, a bi-directional data link aimed at small drone fleets for high-demand applications like commercial inspections and disaster relief. Developed in partnership with Tier-1 manufacturers, the product meets the NDAA compliance required by US Government agencies. Equipped with ICE Cybersecurity software, it supports long-range communication and offers secure data transmission up to 5km, enhancing operational efficiency and reducing costs for users.

Shoham, Israel, Oct. 19, 2022 - Mobilicom, a provider of cybersecurity solutions for drones and robotics, announced that CEO Oren Elkayam will present at the 2022 ThinkEquity Conference on October 26, 2022, in New York. The conference is expected to host over 700 attendees from various sectors, including technology and biotechnology. Elkayam's presentation will focus on the company's competitive position, growth strategy, and future prospects. Attendees can schedule one-on-one meetings with the CEO and finance director Liad Gelfer.

Mobilicom has secured a new R&D grant from Space Florida to enhance drone communication systems, addressing US drone regulations. Allocated $282,000 from a total of $993,000, the funds will aid in developing the Multi-Link (MLU) communications system. This solution incorporates triple-link redundancy via SDR, Cellular, and Satellite, improving drone operations in remote areas. The grant promotes collaboration with Censys Technologies, a key US drone manufacturer, as both companies aim to cater to the growing demand for long-range drone delivery and inspection capabilities.

Mobilicom Limited (NASDAQ: MOB) has received a $390,000 purchase order from a leading US commercial drone manufacturer. This order follows successful design and field trials, indicating strong business prospects and a likelihood of repeat orders. Mobilicom aims to expand its presence in the US, the largest market for commercial and defense drone applications. They currently hold 38 design wins, reflecting confidence in their smart solutions for unmanned systems, particularly in sectors like agriculture and public safety.

Mobilicom Limited (Nasdaq: MOB, MOBBW) has successfully closed its U.S. initial public offering, selling 3,220,338 units at $4.13 per unit, yielding approximately $13.3 million in gross proceeds. This includes 362,338 units from the underwriter's full exercise of an option. Each unit comprises one American Depository Share (ADS) and one warrant, exercisable at $5.00 for five years. The funds will be utilized for sales and marketing expansion, R&D, and working capital.

Mobilicom Limited (Nasdaq: MOB, MOBBW) announced the pricing of an underwritten U.S. initial public offering comprising 2,858,000 units, each containing one American Depositary Share (ADS) and one warrant at $4.13 per unit, aiming for gross proceeds of approximately $11.8 million. The offering includes a 45-day over-allotment option for an additional 362,338 ADSs or warrants. Proceeds will support sales, marketing, research, and working capital. Trading is set to begin on August 25, 2022, with closing expected on August 29, 2022.