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Mobix Labs(MOBX) - 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 ...
Mobix Labs(MOBX) - 2025 Q1 - Earnings Call Transcript
2025-02-19 00:01
Financial Data and Key Metrics Changes - In Q1 2025, Mobix Labs reported revenues of $3.17 million, exceeding prior guidance and marking a 7.3% sequential increase over the previous quarter [11][23] - Revenue increased 11-fold compared to the same fiscal quarter last year, indicating exceptional growth [23] - Adjusted gross margin for Q1 2025 was 54.1%, down from 56.6% in the prior quarter, reflecting ongoing price discipline and cost efficiencies [24][49] - Adjusted loss from operations improved by 28.9%, narrowing to $2.5 million from $3.6 million in Q4 [24][49] - Cash increased to $405,000 at the end of Q1, up from $266,000 in the prior quarter [25][50] Business Line Data and Key Metrics Changes - The EMI Interconnect Solutions product line is a high growth engine, with strong demand for Filtered ARINC Connectors launched in mid-2024 [14][38] - RaGE Systems continues to drive growth, recently awarded a Phase 1 SBIR grant from the U.S. Department of Defense for satellite communications technology [16][40] - Demand for millimeter wave imaging and security detection products remains robust, with advancements in imaging modules opening new market opportunities [41] Market Data and Key Metrics Changes - The company is expanding its presence in the aerospace and defense markets through the acquisition of Spacecraft Components Corp and SCP Manufacturing [12][36] - The integration of these acquisitions is expected to enhance operational efficiency and profitability [13][37] Company Strategy and Development Direction - Mobix Labs is focused on leveraging technology innovation, strategic acquisitions, and operational excellence to drive sustained growth [11][20] - The company aims to achieve a long-term gross margin of 60% and an adjusted operating margin of 30% [51][52] - Strategic investments in technology, talent, and infrastructure are planned to maximize shareholder value [45][20] Management's Comments on Operating Environment and Future Outlook - Management acknowledges substantial near-term variability associated with the acquisition strategy and sales cycles, opting to withhold revenue guidance for the second fiscal quarter [26][51] - The company remains committed to disciplined cost management to drive operational leverage and advance toward profitability [52] Other Important Information - The company is actively pursuing additional financing to capitalize on strategic acquisitions and rising customer demand [25][50] - Ongoing research collaborations with the University of Massachusetts at Lowell are generating innovations in infrastructure imaging and satellite communications [44] Q&A Session Summary Question: What are the expectations for future revenue growth? - Management did not provide specific revenue guidance for the upcoming quarter due to variability in acquisition strategy and sales cycles [26][51] Question: How is the company addressing operational efficiencies? - The company is focused on disciplined cost management and optimizing production capacity to meet growing customer demand [19][52]
Mobix Labs(MOBX) - 2024 Q4 - Annual Report
2024-12-23 23:51
Delaware law and provisions in the Charter and the Bylaws could make a takeover proposal more dif icult. ● provide for a dual class common stock structure, which provides the holders of Class B Common Stock, most of whom are our management, with the ability to control the outcome of matters requiring stockholder approval, even if they collectively own significantly less than a majority of the shares of Mobix Labs' outstanding Class A Common Stock and Class B Common Stock; ● provide for a classified board of ...
Mobix Labs(MOBX) - 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 ...
Mobix Labs(MOBX) - 2024 Q4 - Earnings Call Transcript
2024-12-20 00:47
Financial Data and Key Metrics Changes - Revenues for Q4 2024 reached $2.95 million, representing a 44% sequential increase and a full fiscal year growth rate of 426% [26][9] - Adjusted gross margin improved by 16.3 percentage points sequentially to 56.6% in Q4 2024, with a full year adjusted gross margin of 45% [27][28] - Adjusted loss from operations decreased by more than 12% in Q4 to $3.6 million, with a full year loss narrowing to $15.96 million [28][29] - Cash balance increased to $266,000 at the end of Q4, up from $205,000 in the prior quarter [29] Business Line Data and Key Metrics Changes - EMI interconnect solutions saw increased bookings, particularly in aerospace and defense sectors, driven by geopolitical factors [16][34] - Wireless systems achieved strong revenue and increased margins during RaGE Systems' first full quarter with Mobix Labs [17] Market Data and Key Metrics Changes - The acquisition of Spacecraft Components is expected to expand Mobix's reach into high-demand sectors such as military, defense, aerospace, and rail [24][25] - The company is experiencing increased opportunities in the EMI space due to ongoing geopolitical tensions [34] Company Strategy and Development Direction - The company focuses on organic growth in connectivity, wireless communications, security imaging, and detection, alongside a defined M&A strategy targeting aerospace, defense, transportation, and medical sectors [44][45] - The acquisition strategy aims to diversify offerings and expand into new markets while driving revenue and margins [22][31] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, forecasting consolidated revenues of $3.05 million to $3.15 million for Q1 2025, indicating continued growth momentum [29] - The company aims for long-term financial goals of achieving an adjusted gross margin of 60% and an adjusted operating margin of 30% [30] Other Important Information - The acquisition of Spacecraft Components is expected to be immediately accretive and enhance Mobix's sales strategy [25] - The company is actively pursuing additional financing to support its acquisition strategy and meet rising customer demand [29] Q&A Session Summary Question: Details on increased bookings for EMI interconnect solutions - Management noted that increased opportunities in the aerospace and defense sectors are driving the growth in bookings due to ongoing geopolitical tensions [34] Question: Visibility on bookings timeline - Management indicated that visibility typically extends out to two quarters [36] Question: Leveraging new employees from Spacecraft Components acquisition - Management confirmed that they will look for synergies to leverage the capabilities of Spacecraft, particularly in manufacturing [38] Question: Percentage of engineers among new employees - Management stated that less than 5% of the new employees from Spacecraft are engineers [40] Question: Strategies to drive shareholder value and stock price growth - Management reiterated a consistent strategy focusing on organic growth and M&A to accelerate growth [44][45] Question: Potential for strategic partnership with NVIDIA - Management expressed interest in aligning with NVIDIA's success and noted that Mobix's IP is applicable in the same ecosystem, anticipating increased demand for higher bandwidth applications [47]
Mobix Labs(MOBX) - 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 ...
Mobix Labs(MOBX) - 2024 Q2 - Quarterly Report
2024-08-14 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 98-1591717 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, par value $0.00001 per share MOBX Nasdaq Global Market Redeemable warrants, each warrant exercisable for one share of Class A Common Stock MOBXW Nasdaq Capital Market FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR ...
Mobix Labs(MOBX) - 2024 Q1 - Quarterly Report
2024-05-15 20:06
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, 2024 ☐ 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 ...
Mobix Labs(MOBX) - 2024 Q1 - Quarterly Results
2024-05-14 20:47
Exhibit 99.1 Mobix Labs, Inc. Announces Second Quarter 2024 Financial Results Quarterly Revenue up more than 300% sequentially Successfully signed definitive agreement to acquire RaGE Systems Acquisition strategy successfully expanding end markets and diversifying offerings IRVINE, Calif.--(BUSINESS WIRE)-- Mobix Labs, Inc. (Nasdaq: MOBX) ("Mobix Labs" or the "Company"), a fabless semiconductor company developing disruptive next-generation connectivity solutions for wired, wireless 5G, military, defense, ae ...
Mobix Labs(MOBX) - 2023 Q3 - Quarterly Report
2023-11-14 21:23
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Chavant Capital Acquisition Corp. (Exact name of registrant as specified in its charter) Cayman Islands 001-40621 98-1591717 (State or other jurisdiction of incorporat ...