Mobilicom Stock Price, News & Analysis

Mobilicom, a provider of cybersecurity solutions for drones, has successfully demonstrated artificial intelligence for wireless systems in collaboration with the Wireless Intelligent Networks (WIN) Consortium. The demonstration showcased device-to-device communication through mesh networks in a 5G environment, involving dynamic connections between multiple nodes including drones and ground vehicles relaying video. This initiative, funded by the Israeli Innovation Authority, aims to enhance technology for autonomous systems. Mobilicom anticipates this research will expand its intellectual property portfolio, improving future products for drones and robotics.

Shoham, Israel, March 8, 2023 – Mobilicom (Nasdaq: MOB, MOBBW) has been invited to exhibit its cutting-edge ICE Cybersecurity and autonomous drone solutions at the 11th Annual Unmanned & Autonomous Systems Summit in National Harbor, Maryland, on March 8-9. This marks the third consecutive year Mobilicom showcases its expertise at this event, facilitating interaction between military, government, and industry leaders. With a focus on addressing Small UAS threats, CEO Oren Elkayam highlights the urgent need for cybersecurity, citing that 90% of small drones used in Ukraine were lost after just three flights. The U.S. DoD's FY2022 budget allocated approximately $8.2 billion for unmanned systems.

Mobilicom Limited, trading on Nasdaq as MOB and MOBBW, announced a share buyback to enhance shareholder value following a strategic review of operations. With A$19 million in cash as of December 31, 2022, the buyback targets small investors holding less than A$500, allowing them to sell shares without brokerage costs. This move aims to streamline the company's cost management and potentially boost stock performance. Mobilicom provides cybersecurity and operational solutions for drones and robotics, supporting its growth in a competitive sector.

Mobilicom Limited has announced a strategic partnership with Mistral Inc. to enhance its market presence within the U.S. defense industry. This collaboration aims to integrate Mobilicom's advanced cybersecurity and robust solutions for drones and robotics into U.S. Department of Defense (DOD) requisitions. The U.S. DOD is projected to spend $2.6 billion on uncrewed systems in 2023, with a significant focus on aerial drones. Mobilicom believes this partnership will expand its revenue streams and facilitate access to government contracts, leveraging Mistral's extensive experience and relationships within military procurement processes.

Shoham, Israel, Feb. 06, 2023 – Mobilicom Limited (NASDAQ: MOB, MOBBW) has joined the AUVSI Cybersecurity Working Group, contributing to the development of cybersecurity standards for uncrewed systems. The group aims to enhance the safety of drones and robotics, with the release of baseline standards anticipated by May 2023. Mobilicom's cybersecurity solution, the ICE Cybersecurity Suite, is the world's first AI-based software system tailored for small drones and robotics. CEO Oren Elkayam emphasizes the importance of collaboration in establishing strong cybersecurity standards. The company's vast experience in defense applications enhances the group's efforts to implement practical standards.

Mobilicom has released its Q4 FY22 Activities Report, showcasing growth in the drone and robotics sector. The company secured a new Tier-1 customer, raising its total to eight, and received numerous new orders, confirming its strength in the market. Key highlights include a cash balance of A$19 million and a confirmed order backlog of A$620,000 for H1 CY23. The SkyHopper Micro was selected by a major Tier-1 manufacturer for integration into its drone platform. Mobilicom's cybersecurity solutions are also gaining traction, underlining its position in the defense sector. The company anticipates significant order volumes from its 44 design wins moving towards commercialization.

Mobilicom has secured an initial purchase order exceeding $100,000 from a large Tier-1 Asia-based drone manufacturer, illustrating its growing presence in the market. This order is a significant design win and includes three product families: MCU mesh networking, SkyHopper Datalinks, and mobile ground control stations. The new customer aims to expand its drone line, indicating future revenue potential for Mobilicom. The company has now partnered with 8 Tier-1 manufacturers globally, targeting a market projected to reach $8.5 billion by 2026.

MOB, MOBBW announced the appointment of Udi Altshuler as General Manager of Mobilicom Israel, effective Nov. 8, 2022. Altshuler brings over 25 years of experience in the cyber and defense sectors, having previously served as COO at GuardKnox and held senior roles at several major defense firms. His expertise is expected to enhance product development and commercialization of Mobilicom’s ICE cybersecurity software. The management change follows the departure of COO Ofer Laufer, who contributed significantly to operational infrastructure. Mobilicom aims to leverage existing relationships with Tier-1 OEMs.

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.