Current order further support Mobilicom go-to-market strategy with expansion into current Tier-1 customer's new platform Palo Alto, California, U.S., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB), a provider of cybersecurity and robust solutions for drones and robotics, today announced that one of its current customers, a Tier-1 Israel-based defense company that is one of the world's largest loitering munitions providers, has selected the Company's MCU-30 Lite and MCU-30 Ruggedized Mob ...

Current order further support Mobilicom go-to-market strategy with expansion into current Tier-1 customer’s new platform Palo Alto, California, U.S., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB), a provider of cybersecurity and robust solutions for drones and robotics, today announced that one of its current customers, a Tier-1 Israel-based defense company that is one of the world’s largest loitering munitions providers, has selected the Company’s MCU-30 Lite and MCU-30 Ruggedized Mob ...

Marks a total of 5 production scale orders to date with this customer demonstrating continuous growth and expectation for ongoing orders U.S. Tier-1 customer, which has over $5 billion in annual sales, has equipped its drones with Mobilcom’s SkyHopper PRO Palo Alto, California, U.S., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB), a provider of cybersecurity and robust solutions for drones and robotics, today announced that it has received the latest in a series of commercial scale foll ...

Proceeds expected to extend cash runway to fund operations into at least the next 24 months  SHOHAM, Israel, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Mobilicom Limited (NASDAQ:MOB), a provider of cybersecurity and robust solutions for drones and robotics, today announced that holders of warrants to purchase 761,290 ADRs issued in the Company's registered direct offering in January 2024, have exercised their warrants for aggregate gross proceeds of approximately $1.2 million. "Over the past month, we've seen our ...

Delivering U.S. NDAA-compliant, powerful, resilient ground control station (GCS) platforms for mission-critical operations across uncrewed systems including aerial, maritime, and ground vehicles operating in contested and harsh environments DT Research, an early leader in ruggedized mobile tablets, provides its solutions to more than 200 organizations including the U.S. Department of Defense and Department of Homeland Security SHOHAM, Israel, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, ...

Latest order valued at $530,000 is from a prime vendor for Lockheed Martin in the U.S. and a major supplier of defense systems sold to over 40 countries including European Union and NATO member countries SkyHopper Pro Micro offers a leading size-to-performance in the industry at 50% of the size of the closest comparable competitor and at a fraction of the price in a market projected to reach $10.4 billion by 2030 SHOHAM, Israel, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, MOBBW), a pro ...

Revenue and Sales Performance - Revenue for the half-year ended June 30, 2024, was $1,804,765, a significant increase from $543,431 in the same period of 2023, representing a growth of 232%[3] - The company reported receipts from customers of $2,281,896 for the half-year, up from $426,128 in the same period of 2023, a growth of 436%[11] - For the half-year period ended June 30, 2024, the company reported sales of goods amounting to $1,804,765, a significant increase from $543,431 in the same period of 2023[36] - Revenue from Israel accounted for 65% of total income for the period ended June 30, 2024, compared to 64% in the same period of 2023[37] Financial Losses and Expenses - Net loss after income tax expense for the half-year was $1,653,875, compared to a loss of $1,451,217 in the previous year, indicating a 14% increase in losses[3] - Total comprehensive loss for the half-year was $1,824,465, compared to a loss of $2,364,101 in the previous year, showing a reduction of 22.8%[9] - Selling and marketing expenses were $924,449, slightly decreased from $935,840 in the previous year, indicating a reduction of 1.4%[3] - Research and development expenses increased to $1,047,126 from $1,008,289, reflecting a rise of 3.9%[3] - The company incurred a net loss of $1,653,875 for the period ended June 30, 2024, with accumulated losses totaling $24,034,919 since inception[32] Cash and Assets - Cash and cash equivalents increased to $9,676,328 as of June 30, 2024, up from $8,385,283 at the end of 2023, reflecting a growth of 15.4%[5] - Total assets rose to $11,303,109 as of June 30, 2024, compared to $10,897,913 at the end of 2023, marking an increase of 3.7%[5] - The total equity of the company as of June 30, 2024, was $8,163,016, an increase from $7,742,598 at the end of 2023, representing a growth of 5.4%[5] Share Issuance and Capital Raising - The company raised $2,949,909 from share issuance during the half-year, contributing to a net cash increase[11] - The company completed a registered direct offering on January 30, 2024, raising a total of $2,949,857 through the issuance of ADSs and pre-funded warrants[41] - The total number of ordinary shares increased from 1,326,676,693 on December 31, 2023, to 1,746,493,068 on June 30, 2024, reflecting a capital raising effort[49] - The company issued 1,903,225 ADS warrants at an exercise price of $1.55 per ADS on January 30, 2024, with a 5-year term until January 30, 2029[43] Currency and Financial Resources - The company transitioned to USD as its functional currency effective January 1, 2024, reflecting a significant change in its economic environment[25] - The company generated a financial income attributed to foreign translation gain of $136,518 under USD functional currency, compared to $694,958 if AUD had remained the functional currency[29] - The company estimates it has adequate financial resources for the foreseeable future based on current cash and trade receivable balances[32] Fair Value and Liabilities - As of June 30, 2024, the company's lease liabilities totaled $323,368, down from $452,778 as of December 31, 2023[38] - The fair value of warrants at June 30, 2024, was recorded at $1,555,632, an increase from $1,075,808 at December 31, 2023[40] - The company recorded a fair value gain of $597,639 from the January 2024 Warrants due to changes in fair value[47] - The fair value per warrant decreased from $1.270 at issue date to $0.574 as of June 30, 2024[47] Dividends and Events - The company did not declare or pay any dividends during the current or previous financial half-year[58] - No significant events have occurred after June 30, 2024, that could affect the company's operations or financial results[59]

Shoham, Israel, July 22, 2024 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, MOBBW) ("Mobilicom" or the "Company"), a provider of cybersecurity and robust solutions for drones and robotics, today 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 forth in Nasdaq Listing Rule 5550(a)(2). Mobilicom is now in compliance with all applicable listing standards and its American De ...

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 ...

Mobilicom's SkyHopper PRO datalink was chosen over four other competing products following intensive field testing. SkyHopper PRO is a Secured Cognitive Software Defined Radio (SDR), with enhanced combat-proven performance, including in harsh environments. It offers what the company believes to be, the best performanceto-SWaP-C (Size, Weight, Power and Cost) in the market based on an internal study of competitor product offerings. Other key factors considered include the Company's excellent customer support ...