Mobilicom Reports 2024 Year-End Financial Results: Record Revenues Up 45%

Core Insights - Mobilicom Limited reported a 45% year-over-year revenue increase to $3.2 million for the twelve months ended December 31, 2024, driven by initial production orders from Tier-1 customers [6][17] - The company maintains a strong cash position of$8.6 million and a low average monthly net burn rate of $267,000, providing a long cash runway for growth [6][4] - Mobilicom's gross margin remained high at 58$2.2 million in 2023 to $3.2 million in 2024, marking a 45$1.1 million, expected to be fulfilled in the first half of 2025 [6] - Operating expenses decreased slightly to $5.9 million from$6.1 million in 2023, indicating efficient cost management [6][17] - EBITDA improved by 18% to $(3.2) million compared to$(3.9) million in 2023 [6][18] Operational Highlights - Mobilicom's OS3 cybersecurity software solution, launched in 2024, is positioned to leverage AI-driven platforms for drones and robotics [2] - The company was selected to join the U.S. Department of Defense's Blue UAS Framework, which is expected to drive demand for its products among military and commercial customers [10][3] - Recent orders include a $600,000 production scale order for SkyHopper PRO and a$530,000 order for SkyHopper PRO Micro, demonstrating strong customer interest [10] Strategic Partnerships and Market Position - Mobilicom has entered a strategic partnership with Aitech Systems to roll out OS3 cybersecurity software for autonomous computing solutions in aerospace and defense [10] - The company aims to build an infrastructure for success through strategic and commercial partnerships, positioning itself as a leader at the intersection of drones, robotics, AI, and cybersecurity [2][3] - Mobilicom's technologies are expected to see increased adoption not only within U.S. military programs but also among NATO countries, which are increasing their defense budgets [3]