Financial Data and Key Metrics Changes - Revenues for Q4 2024 reached 3.6 million, with a full year loss narrowing 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 Q4 - Earnings Call Transcript