Duyuru • Sep 05
Mobilicom Limited Unveils Its Next-Generation 8-Inch Ground Control Station for Drones & Robotics Mobilicom Limited launched its next-generation 8-inch Controller Pro. This innovative GCS aims to redefine uncrewed vehicle control, addressing the needs of a market currently projected to grow at a CAGR of 22% between 2023 and 2030. Growth in the tactical handheld GCS market for operating small-sized drones, robotics, and loitering munitions is driven by these systems' increasing deployment by governments and enterprises and their use in current global conflicts. Duyuru • Jul 24
Mobilicom Regains Compliance with Nasdaq Minimum Bid Price Requirement Mobilicom Limited announced that it has received formal notice from The Nasdaq Stock Market, LLC (“Nasdaq”) stating that the Company has regained compliance with the minimum bid price requirement set in Nasdaq Listing Rule 5550(a)(2). Mobilicom is now in compliance with all applicable listing standards and its American Depositary Shares ("ADSs") will continue to be listed and traded on the Nasdaq Capital Market. The Company was notified by Nasdaq on June 25, 2024, that its ADSs had failed to maintain a minimum bid price of $1.00 for 30 consecutive business days. Nasdaq provided a 180-calendar day period following the date of the notice to regain compliance, or until December 23, 2024. To regain compliance with the minimum bid price requirement, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days. From July 5, 2024 through July 18, 2024, a period of 10 consecutive trading days, the closing bid price of the Company’s ADSs was greater than $1.00 per share. Duyuru • Jun 29
Mobilicom Announces Receipt of Nasdaq Minimum Bid Price Notification Mobilicom Limited (‘Mobilicom’ or the ‘Company’) announced that it has received a notification letter from the Nasdaq Stock Market LLC (‘Nasdaq’). The letter notifies the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rules for continued listing on the Nasdaq Capital Market, since the closing bid price for the Company's American Depositary Shares (‘ADSs’) listed on the Nasdaq was below USD $1.00 for 30 consecutive trading days. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of USD $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. The Notice has no immediate effect on the Company's Nasdaq listing or the trading of its ADSs, and during the grace period, as may be extended, the Company's ADSs will continue to trade on the Nasdaq under the symbol ‘MOB’. In accordance with Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the date of notification, or until December 23, 2024, to regain compliance with the minimum bid price. If at any time before December 23, 2024 the bid price of the Company's ADSs closes at or above USD $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification that the Company has achieved compliance with the minimum bid price requirement. In the event the Company does not regain compliance by December 23, 2024, the Company may be eligible for an additional 180 days to regain compliance if it meets 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. In this case, the Company will need to provide written notice of its intention to cure the deficiency during the second compliance period. The Company will continue to monitor the closing bid price of its ADSs on the Nasdaq between now and December 23, 2024 and seek to cure the deficiency within the prescribed compliance period. The Company's business operations are not affected by the notification letter. If the Company cannot demonstrate compliance by the allotted compliance period(s), Nasdaq's staff will notify the Company that its ADSs are subject to delisting. Duyuru • May 17
Mobilicom Limited, Annual General Meeting, May 31, 2024 Mobilicom Limited, Annual General Meeting, May 31, 2024. Location: ofrdyavtfu-jnbtg, Australia Duyuru • Apr 24
Mobilicom Limited Launches OS3 Operations System Mobilicom Limited announced the launch of its most cutting-edge product to date, the OS3 Platform, a comprehensive software solution designed to deliver Operational Security, Safety, and Standards compliance for the commercial and defense uncrewed drones and robotics industry. Designed to operate on NVIDIA AI computing for drones and robotics, OS3 Edge fortifies each autonomous vehicle mission locally on the system itself, while OS3 Cloud remotely monitors and protects the entire fleet's operations. OS3 monitors, identifies, and remotely responds to deliver immediate and complete control across the entire fleet by addressing three main pillars of performance: security risk mitigation by detecting hostile external threats; safety of operations related to internal software, hardware, and maintenance issues including risk mitigation; and standards compliance ensuring platform adherence to regulatory standards. Mobilicom is unveiling its OS3 platform to drone and robotics service providers, operators, and manufacturers, as well as its growing installed base of customers, at the Association of Uncrewed Vehicle Systems International (AUVSI) XPONENTIAL 2024 trade show and conference in San Diego at booth #4046 in the Cybersecurity Pavilion. Duyuru • Apr 03
Mobilicom Launches New Cybersecure Mesh Networking Solution for Long-Range Uncrewed Platforms Mobilicom Limited announced the launch of its newest product--the MCU-300 cybersecure software defined radio (SDR). This ruggedized unit, which boasts a stronger amplifier than prior generation products, works together with Mobilicom's MCU mesh networking aerial products to deliver high-performance cybersecure mobile mesh wireless IP networking, high-definition video and data for mid-sized long-range uncrewed aerial vehicles (UAVs). MCU-300 expands the coverage distance up to 100 miles while fortifying stability, resilience, and durability. The MCU-300, like the rest of the MCU product line, is U.S. National Defense Authorization Act (NDAA) compliant. MCU-300's long-range, broadband signal boosts UAVs with the communications that are needed for missions thus expanding Mobilicom's addressable markets for both commercial and military applications. When paired with Mobilicom'sMCU-70, which delivers unparalleled size to performance ratio, MCU-300 specifically addresses the rapidly growing mid-sized long range drone segment. Military applications include UAVs and vertical takeoff and landing (VTOL) for intelligence, surveillance, reconnaissance missions, and loitering drones as well as border and sea patrol. Commercial uses include beyond line of sight (BVLOS) long-range inspections, including electric utility transmission lines, oil and gas pipelines, and railways, as well as long-range delivery functions. Equipped with Mobilicom's security software, MCU-300's networked hardware and software systems can be layered with the ICE Cybersecurity suite for a comprehensive and holistic protection strategy. Duyuru • Jan 27
Mobilicom Limited has filed a Follow-on Equity Offering in the amount of $2.949999 million. Mobilicom Limited has filed a Follow-on Equity Offering in the amount of $2.949999 million.
Security Name: American Depositary Shares
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 1,903,225
Price\Range: $1.55
Transaction Features: Registered Direct Offering Duyuru • Oct 26
Mobilicom Limited Ordinary Shares to Be Deleted from OTC Equity Mobilicom Limited Ordinary Shares (Australia) will be deleted from OTC Equity effective October 25, 2023. Duyuru • Sep 29
Space Florida Awards Mobilicom Limited Follow-On $250,000 Grant Extending Successful R&D Program Mobilicom Limited announced it was awarded a new grant of approximately $250,000 from Space Florida, Florida’s Aerospace, Finance and Development Authority. This grant renews Mobilicom’s contract for another year. Mobilicom is developing a Multi-Link (MLU) communications system that incorporates three concurrent transmitting transceivers (SDR/Cellular/Satellite) for auto redundancy to address U.S. civil drone regulations. This MLU will extend Mobilicom’s ‘beyond visual-line-of-sight’ datalink functionality to include the use of satellite connections for redundancy, enabling the operation of unmanned systems in areas with limited or zero cellular network coverage. Duyuru • Jun 30
Mobilicom Limited Launches Cybersecure SDR Product with High Size-To-Performance Ratio, Expanding its Market into Mid-Sized Drones Mobilicom Limited announced the launch of its latest product, the MCU-70, the latest in its MESH (device-to-device) Networking Cybersecure Software Defined Radio (SDR) Series delivering high-performance wireless communications. With its relatively small size and lightweight design, MCU-70 delivers superior performance for mid-sized and long-range unmanned aerial vehicles (UAVs) where form-factor-to-capability performance is critical. Designed for durability in rugged outdoor environments, MCU-70's communications range of up to 100 miles/150km equips drones with the communications needed for new missions and applications, expanding Mobilicom's addressable markets for both commercial and military applications. MCU-70 Air Data Terminal: Commercial uses include beyond line of sight (BVLOS) long-range inspections including electric utility transmission lines, oil and gas pipelines, and railways, as well as long-range delivery functions. Military applications include UAVs and vertical takeoff and landing (VTOL) for intelligence, surveillance, reconnaissance missions, and loitering (also known as suicide or kamikaze drones) as well as border and seapatrol. Mobicom's latest MCU product improves communications link performance of mobile mesh (device-to- device) and wireless mobile IP communications for high-definition video and data which expands coverage distance whilefortifying stability, resilience, and durability. MCU-70 is U.S. National Defense Authorization Act (NDAA) compliant. MCU-70, just like Mobicom's entire MESH Networking suite and its SkyHopper Datalinks, is a cybersecure SDR that comes installed with the base level of the Company's security software. Additionally, Mobicom's ICE Cybersecurity suite can be layered on the networked hardware and software systems for a comprehensive and holistic protection strategy. The MCU product family has a well-established track record of success, field proven with many of Mobilicom's Tier-1 global customers under a wide range of deployments on various products and platforms. Board Change • May 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Jon Brett was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 03
Full year 2022 earnings released: AU$0.001 loss per share (vs AU$0.009 loss in FY 2021) Full year 2022 results: AU$0.001 loss per share (improved from AU$0.009 loss in FY 2021). Revenue: AU$7.19m (up 101% from FY 2021). Net loss: AU$572.0k (loss narrowed 79% from FY 2021). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Jon Brett was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 02
First half 2022 earnings released: AU$0.006 loss per share (vs AU$0.002 loss in 1H 2021) First half 2022 results: AU$0.006 loss per share (down from AU$0.002 loss in 1H 2021). Revenue: AU$1.73m (down 14% from 1H 2021). Net loss: AU$1.93m (loss widened 220% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Board Change • Aug 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Jon Brett was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 28
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Jon Brett was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 25
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Jon Brett was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Jon Brett was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: AU$0.009 loss per share (up from AU$0.011 loss in FY 2020). Revenue: AU$4.37m (up 111% from FY 2020). Net loss: AU$2.70m (loss narrowed 2.8% from FY 2020). Revenue missed analyst estimates by 26%. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • Feb 04
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Jon Brett was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 25
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director Jon Brett was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Executive Departure • Sep 07
Company Secretary Mark Licciardo has left the company On the 1st of September, Mark Licciardo's tenure as Company Secretary ended after 1.5 years in the role. As of June 2021, Mark still personally held only 100.00k shares (AU$5.2k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.58 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 14
Non-Executive Director Theo Psaros has left the company On the 5th of July, Theo Psaros' tenure as Non-Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Theo's name. Theo is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.50 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Feb 28
Full year 2020 earnings released: AU$0.011 loss per share (vs AU$0.015 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: AU$3.04m (down 12% from FY 2019). Net loss: AU$2.78m (loss narrowed 24% from FY 2019). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.