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8-K: Mobix Labs, Inc. Announces Fourth Quarter and Full Year 2024 Financial Results

SEC ·  Dec 21, 2024 00:57

Summary by Futu AI

Mobix Labs reported Q4 2024 revenue of $3.0 million, up 44% QoQ, while full-year revenue surged 426% to $6.4 million. The quarter saw GAAP operating loss of $11.2 million and non-GAAP adjusted operating loss of $3.6 million. The company achieved significant gross margin expansion during its first year as a public company.The company announced plans to acquire Spacecraft Components Corp., aiming to expand into aerospace and defense markets. EMI Interconnect Solutions secured new aerospace customers for filtered connectors, while the Wireless Systems division showed strong revenue growth through RaGE Systems integration.Looking ahead, Mobix Labs projects Q1 2025 revenue between $3.05-3.15 million. Management is pursuing additional financing to support acquisition strategy and meet increasing customer demand, while continuing to expand product offerings and target synergistic acquisitions.
Mobix Labs reported Q4 2024 revenue of $3.0 million, up 44% QoQ, while full-year revenue surged 426% to $6.4 million. The quarter saw GAAP operating loss of $11.2 million and non-GAAP adjusted operating loss of $3.6 million. The company achieved significant gross margin expansion during its first year as a public company.The company announced plans to acquire Spacecraft Components Corp., aiming to expand into aerospace and defense markets. EMI Interconnect Solutions secured new aerospace customers for filtered connectors, while the Wireless Systems division showed strong revenue growth through RaGE Systems integration.Looking ahead, Mobix Labs projects Q1 2025 revenue between $3.05-3.15 million. Management is pursuing additional financing to support acquisition strategy and meet increasing customer demand, while continuing to expand product offerings and target synergistic acquisitions.

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