Announcement • Apr 01
Mobix Labs Announces Drone-Based Airborne Sensing Platform And Feasibility Program For Smart Munitions Technology Mobix Labs, Inc. announced that it is making a strategic growth commitment to opportunities in the rapidly growing global unmanned aircraft system (UAS) or drone market. The program builds on initial successes, including the field deployment phase of a drone-based airborne sensing platform and the Company’s recent selection for a feasibility program for next-generation smart munitions technology for anti-drone applications. Mobix Labs’ drone-based airborne sensing platform combines high-precision sensors, autonomous flight capability, and integrated analytics to support automated inspection across rail, utility, and industrial environments. Mobix Labs is also focusing its M&A strategy on drone platform companies and technologies to accelerate its market reach and potential. The Company is actively engaged in early-stage discussions with several potential acquisition targets. Mobix Labs aims to further integrate its existing capabilities into next-generation airborne systems to support military applications as well as private sector infrastructure inspection, monitoring, and scanning solutions. The Company believes that drone platforms represent a rapidly expanding opportunity across both defense and commercial sectors, where the combination of connectivity, sensing, and mobility is becoming increasingly critical. Mobix Labs’ refocused acquisition strategy is intended to position the Company at the intersection of these trends, enabling it to participate more directly in the deployment and scaling of advanced unmanned systems. Board Change • Mar 30
High number of new directors There are 6 new directors who have joined the board in the last 3 years. CEO & Director Phil Sansone was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 09
Mobix Labs, Inc., Annual General Meeting, Mar 23, 2026 Mobix Labs, Inc., Annual General Meeting, Mar 23, 2026. Announcement • Jan 06
Mobix Labs, Inc. has filed a Follow-on Equity Offering. Mobix Labs, Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant Announcement • Dec 31
Mobix Labs, Inc. announced delayed annual 10-K filing On 12/30/2025, Mobix Labs, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Dec 02
Mobix Labs, Inc. Provides Earnings Guidance for the Fourth Quarter and Fiscal Year 2025 Mobix Labs, Inc. provided earnings guidance for the fourth quarter and fiscal year 2025. For the quarter, the company expects GAAP loss from operations to be in the range of $7.2 million to $7.3 million, compared to $11.2 million in the fourth quarter of 2024.
For the year, the company expects total net revenue to be between $9.7 million and $9.9 million, compared to $6.4 million in fiscal 2024, an increase of approximately 54%. GAAP Loss from operations to be in the range of $37.7 million to $37.8 million, compared to $46.4 million in fiscal 2024. New Risk • Nov 23
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$19k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (110% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Significant insider selling over the past 3 months (US$19k sold). Market cap is less than US$100m (US$29.5m market cap). Announcement • Oct 31
Mobix Labs Receives Nasdaq Extension Letter for Minimum Bid Price Compliance on Common Stock As previously reported on May 2, 2025, Mobix Labs, Inc. (the “Company”) received a written notice on April 28, 2025 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with the minimum bid-price requirement for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid-Price Requirement”). The notice provided the Company 180 calendar days, or until October 27, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days, as provided in Nasdaq Listing Rule 5810(c)(3)(A) (the “Initial Compliance Period”). During the Initial Compliance Period, the Common Stock maintained closing bid prices at or above $1.00 for ten consecutive trading days, achieving that level on September 11, 2025. On October 8, 2025, Nasdaq subsequently advised the Company that it was exercising its discretion to extend the number of days that the Company must maintain a bid-price of at least $1.00 for 20 consecutive business days. On October 24, 2025, the Company submitted a request to Nasdaq for an additional 180-day period (the “Second Compliance Period”) to provide additional time for the Company to demonstrate compliance with the Minimum Bid Price Requirement. The Company currently believes it satisfies all other applicable quantitative and qualitative continued-listing standards for The Nasdaq Capital Market, including the requirements relating to market value of publicly held shares and the initial listing requirement for minimum stockholders’ equity. Following the warrant amendments described in Item 1.01 of this Form 8-K, the Company’s stockholders’ equity exceeds $5 million, which meets the initial inclusion standard for The Nasdaq Capital Market. On October 29, 2025, the Company received written notice from Nasdaq (the “Extension Letter”) granting the Company an extension through April 27, 2026 (the “Extension Deadline”), to regain compliance with the Minimum Bid-Price Requirement. The Extension Letter has no immediate effect on the Nasdaq listing or trading of the Company’s common stock. The Company remains committed to maintaining compliance with all Nasdaq listing requirements and to taking appropriate actions to support its continued listing. The Company will continue to monitor the closing bid price of its Common Stock and evaluate all available options to maintain compliance with applicable Nasdaq standards including customary corporate actions, if necessary. There can be no assurance that the Company will regain compliance with the Minimum Bid Price Requirement by the Extension Deadline. Announcement • Oct 22
Mobix Labs, Inc. has filed a Follow-on Equity Offering in the amount of $15.8 million. Mobix Labs, Inc. has filed a Follow-on Equity Offering in the amount of $15.8 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering New Risk • Aug 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$9.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$9.2m free cash flow). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (79% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (US$48.5m market cap). Announcement • Jul 30
Mobix Labs and Rage Systems Unveil Game-Changing Rf Tech At 2025 Leidos Defense Symposium Mobix Labs Inc. announced it will participate in the upcoming 2025 Leidos Supplier Innovation & Technology Symposium, taking place August 7, 2025, at the Gaylord National Resort & Convention Center in Washington, D.C. Mobix Labs' wireless division, RaGE Systems, will be front and center at the event, spotlighting its latest innovations in RF and wireless technologies--including millimeter-wave sensor development, radar systems, advanced communication and integrated circuit solutions. These technologies are engineered to meet the rigorous demands of high-reliability sectors such as wireless infrastructure, aerospace, military, medical, and secure communications. The Leidos Supplier Innovation& Technology Symposium--now in its eighth year--serves as a dynamic platform connecting Leidos technology and business leaders with strategic suppliers. This event fosters collaboration, showcases cutting-edge advancements, and highlights emerging trends that are shaping the future of defense and commercial technologies. Mobix Labs' participation underscores its ongoing commitment to delivering next-generation connectivity solutions that push the boundaries of performance and reliability across mission-critical applications. Announcement • Jul 23
Mobix Labs, Inc. Announces Chief Executive Officer Changes, Effective July 25, 2025 Mobix Labs, Inc. on July 23, 2025, announced that Fabian Battaglia, the Company’s Chief Executive Officer and co-founder, is retiring from his role as CEO effective July 25, 2025. Phil Sansone, who has served as Interim CEO since April 2025, has been named Chief Executive Officer, effective July 25, 2025. Battaglia will remain actively involved with the Company as a senior advisor to the CEO and Board of Directors. Under Battaglia’s leadership, Mobix grew from a startup into a public company with a rapidly expanding presence in advanced communication technologies. As CEO, he spearheaded Mobix’s strategic expansion into critical sectors including defense, military, aerospace, and wireless communications, as well as rapid growth through M&A. Phil Sansone brings over two decades of operational leadership experience, including his most recent role leading Mobix as interim CEO. In that time, he has accelerated customer acquisition, strengthened internal execution, and positioned the Company for scalable expansion. The leadership transition underscores Mobix’s commitment to long-term innovation, growth, and operational excellence as the Company continues to scale across key growth markets. Phil Sansone brings over 30 years of global sales and executive management experience within the semiconductor industry. Previoulsy, Sansone held senior roles at Microsemi and MaxLinear and spent nearly two decades at Avnet, ultimately serving as Senior Vice President of North American sales and engineering. He was instrumental in driving market share gains and improving operational performance. Sansone's proven leadership in global distribution, strategic partnerships, and revenue growth strongly supports Mobix's continuing success in dynamic, high-demand markets. Since joining Mobix Labs in October 2021 as Vice President of Sales, Sansone has notably expanded the company's footprint in the military, defense, and aerospace sectors, securing key orders for technologies utilized in critical U.S. military and defense platforms. New Risk • Jul 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (96% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$43.7m market cap). Announcement • Jun 26
Mobix Labs, Inc. (NasdaqCM:MOBX) proposed to acquire Peraso Inc. (NasdaqCM:PRSO). Mobix Labs, Inc. (NasdaqCM:MOBX) proposed to acquire Peraso Inc. (NasdaqCM:PRSO) on June 12, 2025. Under the proposed terms, Mobix will exchange newly issued MOBX common shares for each PRSO share. Reported Earnings • May 16
Second quarter 2025 earnings released: US$0.057 loss per share (vs US$0.086 loss in 2Q 2024) Second quarter 2025 results: US$0.057 loss per share (improved from US$0.086 loss in 2Q 2024). Revenue: US$2.51m (up 119% from 2Q 2024). Net loss: US$2.29m (loss narrowed 5.1% from 2Q 2024). Announcement • May 05
Mobix Labs Receives Two Delinquency Notification Letters from the Listing Qualifications Staff of Nasdaq On April 28, 2025, Mobix Labs, Inc. received two delinquency notification letters (the “Notices”) from the Listing Qualifications Staff (the “Staff”) of Nasdaq stating that the Company was not in compliance with the minimum bid price requirement and the market value of listed securities requirement for continued listing on the Nasdaq Capital Market. Nasdaq Listing Rule 5550(a)(2) requires companies listed on the Nasdaq Capital Market to maintain a minimum bid price of at least $1.00 per share (the “Minimum Bid Price Requirement”). Nasdaq Listing Rule 5550(b)(2) requires companies listed on the Nasdaq Capital Market to maintain a minimum market value of listed securities (“MVLS”) of at least $35 million (the “MVLS Requirement”). The Notices stated that, as of their date, the bid price of the Company’s Class A Common Stock, par value $0.00001 per share (“Common Stock”) was below $1.00 per share and the Company’s MVLS was below $35 million, in each case for 30 consecutive business days. The notifications of noncompliance have no immediate effect on the listing or trading of the Company’s Common Stock. In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has 180 calendar days, or until October 27, 2025 (the “Compliance Period”), to regain compliance with the Minimum Bid Price Requirement and the MVLS Requirement. To regain compliance with the Minimum Bid Price Requirement, the closing bid price of the Common Stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days during the 180-day compliance period. If the Company is not in compliance with the Minimum Bid Price Requirement by October 27, 2025, the Company may qualify for a second 180 calendar day compliance period. To regain compliance with the MVLS Requirement, the Company’s MVLS must close at $35 million or more for a minimum of ten consecutive business days during the 180-day compliance period. If the Company does not qualify for, or fails to regain compliance with the Minimum Bid Price Requirement during the second 180 day compliance period, or if the Company is not in compliance with the MVLS Requirement by October 27, 2025, then the Staff will provide written notice to the Company that its securities are subject to delisting, at which point the Company would have an option to appeal the delisting determination, but there can be no assurance Nasdaq would grant the Company’s request for continued listing. If the Company regains compliance with the Minimum Bid Price Requirement or MVLS Requirement, Nasdaq will provide the Company with written confirmation and will close the respective matter. The Company intends to actively monitor the closing bid price of its Common Stock and its MVLS and may, if appropriate, consider implementing available options to regain compliance with the Minimum Bid Price Requirement and MVLS Requirement. There can be no assurance that the Company will be able to regain compliance with the Nasdaq listing requirements. Announcement • Apr 17
Mobix Labs, Inc. Appoints Interim CEO On April 10, 2025, the Board of Directors of Mobix Labs, Inc. appointed Philip Sansone as Interim Chief Executive Officer of the Company, effective immediately. Mr. Sansone will serve as Interim Chief Executive Officer of the Company until Fabian Battaglia, currently on sick leave, is able to return to his position as Chief Executive Officer. Prior to his appointment to Interim Chief Executive Officer, Mr. Sansone, 65, served as Vice President of Worldwide Sales at the Company from September 2021 to April 2025. Prior to his service at the Company, Mr. Sansone served as Vice President of Global Distribution at MaxLinear, a provider of radio frequency, analog, digital and mixed-signal integrated circuits, from April 2019 to September 2021. Mr. Sansone received his bachelor’s degree in business administration from the New York Institute of Technology and brings decades of worldwide sales and distribution experience to the Company. Announcement • Apr 06
Mobix Labs, Inc. has filed a Follow-on Equity Offering in the amount of $4.000001 million. Mobix Labs, Inc. has filed a Follow-on Equity Offering in the amount of $4.000001 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 4,876,860
Price\Range: $0.8202
Transaction Features: Registered Direct Offering Recent Insider Transactions • Mar 19
Executive Chairman recently sold US$250k worth of stock On the 14th of March, James Peterson sold around 277k shares on-market at roughly US$0.90 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. James has been a net seller over the last 12 months, reducing personal holdings by US$441k. Recent Insider Transactions • Mar 12
Executive Chairman recently sold US$153k worth of stock On the 7th of March, James Peterson sold around 147k shares on-market at roughly US$1.04 per share. This transaction amounted to 6.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. James has been a net seller over the last 12 months, reducing personal holdings by US$176k. Recent Insider Transactions Derivative • Mar 06
Executive Chairman notifies of intention to sell stock James Peterson intends to sell 500k shares in the next 90 days after lodging an Intent To Sell Form on the 5th of March. If the sale is conducted around the recent share price of US$1.10, it would amount to US$550k. Since March 2024, James' direct individual holding has decreased from 5.18m shares to 3.73m. Company insiders have collectively sold US$11k more than they bought, via options and on-market transactions in the last 12 months. New Risk • Feb 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 43% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$16m free cash flow). Share price has been highly volatile over the past 3 months (35% average weekly change). Negative equity (-US$3.0m). Earnings have declined by 3.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$48.5m market cap). Announcement • Feb 14
Mobix Labs, Inc. to Report Q1, 2025 Results on Feb 18, 2025 Mobix Labs, Inc. announced that they will report Q1, 2025 results on Feb 18, 2025 Reported Earnings • Feb 13
First quarter 2025 earnings released: US$0.52 loss per share (vs US$0.045 profit in 1Q 2024) First quarter 2025 results: US$0.52 loss per share (down from US$0.045 profit in 1Q 2024). Revenue: US$3.17m (up US$2.88m from 1Q 2024). Net loss: US$19.8m (down US$20.8m from profit in 1Q 2024). Board Change • Feb 12
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Independent Director Kurt Busch is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jan 23
Mobix Labs, Inc., Annual General Meeting, Mar 03, 2025 Mobix Labs, Inc., Annual General Meeting, Mar 03, 2025. Announcement • Dec 20
Mobix Labs, Inc. Announces Revenue Guidance for the Fiscal First Quarter of 2025 Mobix Labs, Inc. announced revenue guidance for the fiscal first quarter of 2025. Net revenues are expected to fall within a range of $3.05 - $3.15 million in the fiscal first quarter of 2025. Announcement • Nov 24
Mobix Labs Receives a Delinquency Notification Letter from Nasdaq Due to the Non-Compliance with Minimum Bid Price Requirement On November 18, 2024, Mobix Labs, Inc. (the ‘Company’) received a delinquency notification letter (the ‘Notice’) from the Listing Qualifications Staff (the ‘Staff’) of Nasdaq due to the non-compliance with Nasdaq Listing Rule 5450(a)(1) (the ‘Listing Rule’), which requires listed securities to maintain a minimum bid price of $1.00 per share (the ‘Minimum Bid Price Requirement’). The notification of noncompliance has no immediate effect on the listing or trading of the Company’s common stock. The Company has 180 calendar days, or until May 19, 2024, to regain compliance with the Minimum Bid Price Requirement. To regain compliance, the closing bid price of the Company’s common stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days during this 180-calendar day compliance period. In the event the Company does not regain compliance with the minimum bid price requirement by May 18, 2024, the Company may be eligible for an additional 180-calendar day compliance period if it elects to transfer to The Nasdaq Capital Market to take advantage of the additional compliance period offered on that market. To qualify, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and would need to provide written notice of its intention to cure the bid price deficiency during the second compliance period by effecting a reverse stock split if necessary. In the event the Company fails to regain compliance or is not permitted to transfer to The Nasdaq Capital Market before the initial compliance period expires, the Company will receive a written notification from Nasdaq that its common stock is subject to delisting. If the Company were to receive such a notification, the Company could appeal Nasdaq’s determination to delist its common stock, but there can be no assurance Nasdaq would grant the Company’s request for continued listing. The Company intends to actively monitor the bid price of its common stock and will consider available options to regain compliance with the minimum bid price requirement. There can be no assurance that the Company will be able to regain compliance with Nasdaq Listing Rule 5450(a)(1) or will otherwise be in compliance with other Nasdaq listing requirements. As previously disclosed in the Company’s quarterly report on Form 10-Q for the quarter ended June 30, 2024, on August 9, 2024, the Company received a delinquency notification letter from the Staff due to the non-compliance with Listing Rule 5550(b)(2) as a result of the Company’s failure to maintain a minimum Market Value of Listed Securities of $50 million between June 24, 2024 and August 8, 2024. Announcement • Oct 01
Mobix Labs, Inc. (NasdaqGM:MOBX) submitted a compelling non-binding proposal to acquire EMCORE Corporation (NasdaqCM:EMKR) for $34.5 million. Mobix Labs, Inc. (NasdaqGM:MOBX) submitted a compelling non-binding proposal to acquire EMCORE Corporation (NasdaqCM:EMKR) for $34.5 million on September 30, 2024. Mobix Labs to acquire EMCORE Corporation (NasdaqCM:EMKR) for $3.80 per share in cash. Mobix Labs’ all cash proposed offer to the EMCORE Board represents a more than 200% premium over EMCORE's current stock price as of September 27, 2024. Mobix Labs’ proposal has the support of its Board of Directors. Mobix Labs’ all cash offer is subject to the approval of the EMCORE Board of Directors, the execution of a definitive agreement between Mobix Labs and EMCORE, and any shareholder approval that may be required by law. Announcement • Aug 13
Mobix Labs Launches New Family of Filtered D-Sub Connectors for Defense, Aerospace, Medical, and Commercial Applications Mobix Labs Inc. introduced a new family of filtered D-sub connectors designed to eliminate unwanted electromagnetic interference (EMI) in defense, aerospace, medical, and commercial applications. These connectors feature robust construction and superior EMI filtering capabilities, ensuring optimal performance and reliability in the most demanding environments. Mobix Labs' filtered D-sub connectors provide a practical solution for integrating EMI suppression with data connectivity, making them essential in environments where signal integrity and interference reduction are paramount. By integrating filtering components directly into the connector, these products help maintain the integrity of transmitted signals and eliminate the need for separate filtering devices. This integration saves space and reduces costs, making these connectors more efficient. The new filtered D-sub connectors come in various pin configurations, accommodating different data transmission needs, and maintain the standard D-sub interface for easy compatibility with existing systems. Filtered D-Sub Connector Features: Advanced filtering options: Available with planar arrays, ceramic (Pi) tubes, or chip capacitors to ensure optimal signal integrity. High insertion loss: Achieves insertion loss of 70-80 dB for Pi filters and 50-60 dB for C filters, ideal for minimizing resonance in high-demand environments. Customizable designs: Tailored to meet specific requirements of defense, aerospace, medical, & commercial applications. Robust construction: Nickel-plated steel shell with nickel-plated aluminum backshell and copper alloy nickel-gold plated contacts for maximum durability and reliability. High current rating: Rated at 5 amps with a maximum contact resistance of 10 milliohms. Versatile mounting options: Available with 4-40 threaded nuts and/or board locks; also offered in high-density D-sub connector configurations. Capacitance values: 200 pF Pi, 1,000 pF Pi, 2,500 pF Pi, 4,000 pF Pi, 100 pF C, 500 pF C, 1,200 pF C, and 2,000 pF C. New MPC/MCD Series Product Lineup: The new filtered D-sub connector are available in Pi Filter (MPD) and C Filter (MCD) configurations to meet diverse application needs: MPDXFSQ MPD/MCD Series - Female with square post terminations; MPDXFP MPD/MCD Series - Female with PC tail terminations; MPDXFS MPD/MCD Series - Female with solder cup terminations; MPDXMSQ MPD/MCD Series - Male with square post terminations; MPDXMP MPD/MCD Series - Male with PC tail terminations; MPDXMS MPD/MCD Series - Male with solder cup terminations. Availability: Mobix Labs' filtered D-sub connectors are available for customization to meet specific application compliance requirements. Announcement • Jul 23
Mobix Labs, Inc. announced that it expects to receive $4 million in funding Mobix Labs Inc announced it has entered into definitive agreements for the issuance and sale of an aggregate of 2,877,698 shares of its Class A common stock at a purchase price of $1.39 per share, for gross proceeds $4,000,000.22 and series A warrants to purchase up to 2,877,698 shares of Class A common stock and short-term series B warrants to purchase up to 2,877,698 shares of Class A common stock for aggregate gross proceeds $4,000,000.22 on July 23, 2024. The series A warrants and short-term series B warrants will have an exercise price of $1.39 per share and will be exercisable beginning on the effective date of stockholder approval of the issuance of the shares Class A common stock upon exercise of the warrants. The series A warrants will expire five years from the Stockholder Approval and the short-term series B warrants will expire twelve months from the Stockholder Approval. The closing of the offering is expected to occur on or about July 24, 2024, subject to the satisfaction of customary closing conditions. The securities described above are being offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and/or Regulation D promulgated thereunder and, along with the shares of common stock underlying the warrants, have not been registered under the Securities Act, or applicable state securities laws. Announcement • Jul 09
Mobix Labs Inc. Launches New EMI Filtered Connectors for Defense and Aerospace Applications Mobix Labs Inc. launched its latest EMI filtered ARINC 404 and ARINC 600 connectors for defense and aerospace applications. These versatile connectors can be customized with planar arrays, ceramic Pi Tubes, or chip capacitors to meet demanding military specifications, ensuring optimal cost, quality and performance. The new connectors are designed to deliver exceptional performance and reliability, featuring advanced EMI filtering options to ensure optimal signal integrity and minimal resonance. They offer insertion loss of 70-80 dB for Pi filters and 50-60 dB for C filters, making them ideal for demanding environments. Filtered ARINC 404 and ARINC 600 Connector Features: Advanced Filtering Options: Planar arrays, ceramic Pi Tubes or chip capacitors for optimal signal integrity; High Insertion Loss: 70-80 dB for Pi filters and 50-60 dB for C filters in demanding environments; Customizable Designs: Tailored solutions for aerospace and defense applications; Robust Construction: Designed to withstand high shock, vibration and extreme temperatures; Quick Lead Times: Competitive pricing and industry-leading lead times to meet urgent deadlines. Availability: Mobix Labs' ARINC 404 and ARINC 600 connectors are available for customization to meet specific military and aerospace compliance requirements. Announcement • May 23
Mobix Labs, Inc. (NasdaqGM:MOBX) completed the acquisition of RaGE Systems, Inc. Mobix Labs, Inc. (NasdaqGM:MOBX) signed a definitive agreement to acquire RaGE Systems, Inc. for $20 million on May 9, 2024. Total consideration consisted of approximately $2 million in cash, approximately $10 million worth of Mobix Labs stock and possible earn-out payments of up to $8 million over eight fiscal quarters in a combination of cash and stock upon satisfaction of certain financial metrics. The transaction is expected to close in May 2024.Mobix Labs, Inc. (NasdaqGM:MOBX) completed the acquisition of RaGE Systems, Inc. on May 21, 2024. Reported Earnings • May 19
Second quarter 2024 earnings released: US$0.086 loss per share (vs US$0.94 loss in 2Q 2023) Second quarter 2024 results: US$0.086 loss per share (improved from US$0.94 loss in 2Q 2023). Net loss: US$2.41m (loss narrowed 82% from 2Q 2023). Announcement • May 16
Mobix Labs, Inc. Provides Revenue Guidance for the Third Quarter and Fourth Quarter of Fiscal Year 2024 Mobix Labs, Inc. provided revenue guidance for the third quarter and fourth quarter of fiscal year 2024. The company expects net revenues within a range of approximately $1.8 million to 2.2 million in the fiscal third quarter of 2024. The company expects revenues within a range of $2.6 million to $3.2 million in the fiscal fourth quarter of 2024. Announcement • May 01
Mobix Labs, Inc. Launches High-Power SP10T RF Switch for the Land Mobile Radio Market Mobix Labs, Inc. introduced the MBX3110 SP10T high-power radio frequency (RF) switch. The first-of-its-kind, this CMOS-based single-pole/ten-throw (SP10T) switch is engineered to meet the demanding requirements of the land mobile radio (LMR) market, including critical communications for first responders, firefighters, law enforcement, and military personnel. The high-power MBX3110 RF switch provides robust support for LMR applications and is also versatile enough to serve a variety of sectors including defense systems and advanced wireless infrastructure. Optimized for high-reliability switching tasks, the MBX3110 also can replace pin diodes in sophisticated test equipment, underscoring its broad utility and revolutionary impact across multiple industries. In addition, solid-state RF switches like the MBX3110 outperform equivalent electromechanical switches in most applications, offering greater reliability, faster switching speeds and longer lifetimes. Key Features of the MBX3110 SP 10T Switch: High-Power Performance: The MBX3110 RF switch offers world-class performance at a low cost, featuring wider frequency range, lower insertion loss, and faster switching times compared to existing market offerings. These benefits enable users to extend the frequency range beyond the current spectrum without the need for external matching. Optimized Specifications: The MBX3110 boasts a low insertion loss of 0.52 dB at 1 GHz, high linearity of -78dBc at 43 dBm, and a rapid switching time of only 4 microseconds, ensuring best-in-class performance in demanding applications. Compact Design: Packaged in a small 32-lead 5mm x 5mm QFN, the MBX3110 is ideally suited for applications where both performance and size are critical, making it a versatile choice for a wide range of RF applications. Availability: Samples of the MBX3110SP10T switch are available now, and production volume is planned for third quarter 2024. Announcement • Apr 24
Mobix Labs, Inc. to Report Q2, 2024 Results on May 14, 2024 Mobix Labs, Inc. announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on May 14, 2024 Announcement • Mar 12
Mobix Labs, Inc. Provides Revenue Guidance for the Quarter Ending March 31, 2024 Mobix Labs, Inc. provided revenue guidance for the quarter ending March 31, 2024. For the quarter, the company anticipates a significant increase in revenue, projecting 250% growth from the previous quarter. The company anticipates surpassing the $1 million mark in revenue this quarter. Announcement • Mar 06
Mobix Labs, Inc. Establishes Technical Advisory Board Mobix Labs Inc. announced the creation of a technical advisory board that will play a key role in assessing existing and new technologies, corporate strategy and potential acquisitions. Led by Jim Aralis, the company’s chief technology officer, inaugural board members include Greg Winner, VP of product development and GM for cellular infrastructure at InnoPhase Inc., a fabless semiconductor company; Jay Standiford, a long-time engineering executive and consultant; and Frank Thiel, Founder of Kolvenier Solutions, a business and technology consulting company. Aralis, who joined Mobix Labs in May 2022 as CTO, held the same role for more than a decade at Microsemi Corp., as well as serving as senior vice president of advanced development, until the Aliso Viejo-based chipmaker was acquired in 2018 for $10.3 billion. Winner has more than 30 years of semiconductor experience with an emphasis on product development and operations, systems and solutions, mobile and embedded applications. Prior to InnoPhase, he served as president and CEO for GainSpan, an embedded Wi-Fi company, which was acquired by Telit, an IoT wireless solutions provider, where he served as head of global business development. Winner earned a master’s degree in electrical engineering from Stanford University and a bachelor’s degree also in electrical engineering from the University of California, Los Angeles. Standiford, a tech industry veteran with deep experience in semiconductor design and embedded systems, has served in executive engineering positions at Indyme Solutions, Oxford Semiconductor (Formerly TransDimension), Conexant Systems and Texas Instruments. During his career, he oversaw all aspects of new product development, from design and development through manufacturing in areas such as complex analog, mixed-signal, SOCs and ASICs. Standiford received a master’s degree and a bachelor’s degree in electrical engineering from the University of Colorado. Thiel is a technologically-grounded business leader specializing in partnering with seed stage startup companies. With over 30 years in the semiconductor industry, he has a demonstrated history of creating innovative products and a proven ability to maximize profitability. Prior to Kolvenier Solutions, he was the VP and General Manager for Microsemi’s Mixed Signal & RF IC businesses, where he drove the strategies that more than doubled the revenue of that $130M+ division with industry leading products such as ultra-low power radios for implantable medical and IoT, high-reliability precision sensors, RF Wi-Fi edge devices and more. Thiel previously served as the VP of Engineering at Zarlink Semiconductor and helped manage the company through its ultimate acquisition by Microsemi. He is a published author and inventor with 19 U.S. patents. Thiel received a bachelor’s degree in electrical engineering from the Rensselaer Polytechnic Institute and a master’s degree in music theory and composition from the University of Texas. Reported Earnings • Feb 23
First quarter 2024 earnings released: EPS: US$0.05 (vs US$0.76 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.05 (up from US$0.76 loss in 1Q 2023). Net income: US$935.0k (up US$10.3m from 1Q 2023). Announcement • Jan 27
Mobix Labs Appoints Michael J. 'Mike' Long to Its Board of Directors Mobix Labs announced the appointment of electronics industry veteran Michael J. 'Mike' Long to its board of directors. Long is one of the most recognized and highly respected leaders in the electronics industry. He is the former CEO, President and Chairman of Arrow Electronics, Inc., a global technology company with over 22,000 employees and 2022 sales of $37 billion. As CEO from 2009 to 2022, he oversaw all of Arrow's operations and business units as well as more than 40 strategic acquisitions. Before that, Long served as Arrow's president and COO. He joined Arrow in 1991, holding various leadership roles throughout his tenure. In 2023, Long was the recipient of the Electronics Representatives Association (ERA) Lifetime Achievement Award. He was named one of Computer Reseller News' 'Top 25 Executives' for several years and received the Distinguished Alumni Award for Professional Achievement from his alma mater University of Wisconsin-Whitewater. Long serves on the Board of Directors of UCHealth and the Denver Zoo. He is also active in the Young Presidents' Organization, a global peer networking group. Long holds a bachelor's degree in business administration from the University of Wisconsin-Whitewater and attended the Milwaukee School of Engineering. Announcement • Jan 25
Mobix Labs, Inc. Announces Board Changes On January 22, 2024, Mobix Labs, Inc. and Dr. Jiong Ma entered into a Resignation and Release Agreement pursuant to which Dr. Ma resigned from the Company’s Board of Directors as a director, effective January 22, 2024. On January 22, 2024, the Board appointed Mr. Michael Long as a Class III director of the Board effective immediately for a term expiring at the 2026 Annual Meeting of Stockholders. From May 2009 until May 2022, Michael J. Long, age 65, was the former chairman, president and chief executive officer (CEO) of Arrow Electronics, Inc. (“Arrow”). Prior to being named CEO in May 2009, Mr. Long served as president and chief operating officer (COO) of Arrow, with responsibility for all of the company’s operations and business units. Before that, Mr. Long served as senior vice president of Arrow and president of the company’s Global Components business with responsibility for overseeing Arrow’s semiconductor, passive, electromechanical and connector products and services businesses worldwide. Mr. Long had been employed by Arrow since 1991 when Arrow merged with Schweber Electronics, a company where he held various leadership roles from 1983 to 1990. In 1994, Mr. Long was president, Capstone Electronics, an Arrow company, and from 1995 to 1999, he was president of Gates/Arrow Distributing. From 1998 to 2005, Mr. Long was president and COO of Arrow North American Computer Products (now Arrow Enterprise Computing Solutions). Mr. Long also served as president of North America and Asia/Pacific components. Mr. Long holds a bachelor’s degree in business administration from the University of Wisconsin and attended the Milwaukee School of Engineering. He is active in the Young Presidents’ Organization, a global peer networking group. Mr. Long served on the board of directors of AmerisourceBergen from May 2006 until March 2023 and currently serves on the boards of the following nonprofit organizations: UC Health and the National Western Stock Show. Reported Earnings • Jan 02
Full year 2023 earnings released: US$2.71 loss per share (vs US$2.25 loss in FY 2022) Full year 2023 results: US$2.71 loss per share (further deteriorated from US$2.25 loss in FY 2022). Net loss: US$39.6m (loss widened 66% from FY 2022). Board Change • Dec 26
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Strategic Advisory Board Member Jim Carol was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.