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Chavant Capital Acquisition (CLAY) - 2025 Q4 - Annual Report
2026-01-13 01:40
Financial Performance - Total net revenue for the year ended September 30, 2025, was $9,912,000, representing a 54% increase from $6,442,000 in 2024[214] - Product revenue increased by 2% to $5,996,000, while services revenue surged by 609% to $3,916,000[214] - Gross profit for the year was $5,007,000, a 96% increase from $2,552,000 in the previous year[214] - The company reported a net loss of $46,131,000 for the year, a 130% increase from a loss of $20,034,000 in 2024[214] Operating Expenses - Operating expenses for research and development decreased by 58% to $2,419,000, while selling, general, and administrative expenses decreased by 5% to $39,556,000[214] - Research and development expenses decreased by $3,360 million or 58% to $2,419 million for the year ended September 30, 2025, compared to $5,779 million for the year ended September 30, 2024[225] - Selling, general and administrative expenses decreased by $2,279 million or 5% to $39,556 million for the year ended September 30, 2025, compared to $41,835 million for the year ended September 30, 2024[227] Revenue Breakdown - Product revenue for the year ended September 30, 2025, was $5,996 million, an increase of $106 million or 2% compared to $5,890 million for the year ended September 30, 2024[219] - Services revenue for the year ended September 30, 2025, was $3,916 million, an increase of $3,364 million or 609% compared to $552 million for the year ended September 30, 2024[220] Cash Flow and Financing - Net cash used in operating activities was $10,113 million for the year ended September 30, 2025, which included a net loss of $46,131 million[249] - The company entered into an At The Market Offering Agreement to sell up to $15,800,000 in shares of Class A Common Stock[202] - In April 2025, the company issued 3,850,000 shares of Class A Common Stock and raised net proceeds of $3,645,000 from the offering[205] - Net cash provided by financing activities for the year ended September 30, 2024 was $19,673, including $21,014 from the merger and PIPE[253] Liabilities and Deficits - Total liabilities as of September 30, 2025 were $37,449, up from $33,558 as of September 30, 2024, mainly due to increased borrowings and additional liability-classified warrants[260] - The company incurred operating losses of $37,693 and $46,395 for the years ended September 30, 2025 and 2024, respectively, with an accumulated deficit of $150,588 as of September 30, 2025[262] - The company expects to continue incurring operating losses and negative cash flows, necessitating additional debt or equity financing to fund operations and product development[262] Asset Valuation and Impairment - The company recorded impairment charges of $725 million and $1,333 million for the years ended September 30, 2025, and 2024, respectively, to write down the value of long-lived assets[287] - Goodwill totaled $16,066 million as of September 30, 2025, representing the excess of the fair value of purchase consideration over the fair value of identifiable net assets acquired[288] - The company did not record any goodwill impairment losses for the years ended September 30, 2025, and 2024, indicating stable reporting unit valuations[290] Mergers and Acquisitions - The merger with Mobix Labs, Inc. raised gross proceeds of $21,014,000, including a $19,750,000 private investment in public equity at $10.00 per share[213] - The company plans to pursue acquisitions to enhance its product portfolio and expand into strategically aligned industries[198] - The company has commitments including $2,323 in deferred purchase consideration related to acquisitions and potential payments of up to $4,000 under the RaGE Earnout, payable in March 2026[261] Accounting and Reporting - The company is classified as an "emerging growth company," allowing it to take advantage of certain exemptions from various reporting requirements[293] - As a "smaller reporting company," the company benefits from reduced disclosure obligations, including providing only two years of audited financial statements[295] - Significant estimates and assumptions are made in accounting for business combinations, including expected future cash flows and discount rates[283] - The company recognizes tax benefits for uncertain tax positions only if it is more likely than not that the position will be sustained upon examination[281]
Chavant Capital Acquisition (CLAY) - 2025 Q3 - Quarterly Results
2025-12-04 12:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (State or other jurisdiction of incorporation) (Commission File Number) Delaware 001-40621 98-1591717 (IRS Employer Identification No.) 1 Venture, Suite 220 Irvine, California 92618 (Address of principal executive offices) (Zip Code) FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 1, 2025 MOBIX LABS, INC. (Exact name of registrant a ...
Chavant Capital Acquisition (CLAY) - 2025 Q2 - Quarterly Report
2025-08-13 20:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number 001-40621 MOBIX LABS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of inc ...
Chavant Capital Acquisition (CLAY) - Prospectus(update)
2025-08-07 01:50
Registration No. 333-287493 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 As filed with the Securities and Exchange Commission on August 6, 2025 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 MOBIX LABS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of Incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 3674 98-1591717 (IRS Employer Identification Number) 1 V ...
Chavant Capital Acquisition (CLAY) - 2025 Q1 - Quarterly Report
2025-05-15 20:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number 001-40621 MOBIX LABS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of in ...
Chavant Capital Acquisition (CLAY) - 2024 Q4 - Annual Results
2025-02-21 22:15
Exhibit 99.1 Mobix Labs, Inc. Announces First Quarter 2025 Financial Results February 18, 2025 ~ Revenue Growth and Margin Expansion Highlight a Strong Start to the Year ~ IRVINE, Calif.—(BUSINESS WIRE)—Feb. 18, 2025— Mobix Labs, Inc. (Nasdaq: MOBX) ("Mobix Labs" or the "Company"), a leading provider of advanced connectivity solutions, today announced financial results for the first quarter of fiscal 2025, which ended December 31, 2024. "We are pleased with our strong start to fiscal 2025, demonstrating con ...
Chavant Capital Acquisition (CLAY) - 2024 Q4 - Annual Report
2024-12-23 23:51
Financial Position - As of September 30, 2024, total stockholders' equity increased to $5,530,000 from a deficit of $5,341,000 in 2023, reflecting a significant improvement in financial position [524]. - The company reported total liabilities of $39,088,000 as of September 30, 2024, compared to $18,748,000 in 2023, indicating a substantial increase in obligations [524]. - The company’s accumulated deficit grew to $104,457,000 in 2024 from $83,762,000 in 2023, reflecting ongoing operational challenges [524]. Capital Raising - The merger with Chavant Capital Acquisition Corp. raised gross proceeds of $21,014,000, including $19,750,000 from a private investment in public equity (PIPE) at $10.00 per share [528]. - Additional paid-in capital increased to $109,987,000 in 2024 from $78,421,000 in 2023, indicating a strong capital raise [524]. Asset Management - The company recognized impairment losses on long-lived assets of $1,333,000 for the year ended September 30, 2024, compared to no impairment losses in 2023 [534]. - The company’s intangible assets have finite lives ranging from one to fifteen years, amortized on a straight-line basis, reflecting a structured approach to asset management [533]. - The company’s inventory reserve for excess and obsolete items was not material as of September 30, 2024, indicating effective inventory management [532]. Employee Compensation - The company’s stock-based compensation includes restricted stock units (RSUs), which are recognized over the requisite service period, aligning employee incentives with company performance [544]. Market Activity - The common stock and public warrants of the combined company began trading on The Nasdaq Stock Market under the symbols "MOBX" and "MOBXW" on December 22, 2023 [528].
Chavant Capital Acquisition (CLAY) - 2024 Q3 - Quarterly Results
2024-12-20 02:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): October 15, 2024 MOBIX LABS, INC. (Exact name of registrant as specified in its charter) | --- | --- | --- | |------------------------------------|-------------------------------------------------------------|-----------------------| | Delaware | 001-40621 | 98-1591717 | | (State or other juris ...
Chavant Capital Acquisition (CLAY) - Prospectus(update)
2024-08-26 20:13
As filed with the Securities and Exchange Commission on August 26, 2024 No. 333-281492 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________ AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ___________________________________________ MOBIX LABS, INC. (Exact name of registrant as specified in its charter) ___________________________________________ (State or other jurisdiction of Incorporation or organization) (P ...
Chavant Capital Acquisition (CLAY) - 2024 Q2 - Quarterly Results
2024-08-21 20:23
Exhibit 99.1 Mobix Labs Announces Third Quarter 2024 Financial Results Revenue up 80% sequentially and Gross Margin expansion Acquisition strategy successfully expanding end markets and diversifying offerings Increasing Customer Demand IRVINE, Calif.– August 21, 2024 – Mobix Labs, Inc. (Nasdaq: MOBX) ("Mobix Labs", "Mobix" or the "Company"), a leader in advanced connectivity solutions, today announced financial results for its fiscal third quarter ended June 30, 2024. "We are pleased with the June quarter's ...