Mobilicom Ltd. ADR ( (MOB) ) just unveiled an update.
Mobilicom Limited reported a 45% increase in revenues for 2024, reaching $3.2 million, driven by initial production orders from U.S. and global Tier-1 customers. The company’s inclusion in the U.S. Department of Defense’s Blue UAS Framework and partnerships for its OS3 cybersecurity software are expected to enhance growth and demand for its products. Mobilicom maintained a strong cash position of $8.6 million and reduced operating expenses, positioning itself for future expansion in the defense and commercial drone markets.
More about Mobilicom Ltd. ADR
Mobilicom is a leading provider of cybersecure robust solutions for the rapidly growing defense and commercial drones and robotics market. Its portfolio includes cybersecurity, software, hardware, and professional services that power, connect, guide, and secure drones and robotics. Mobilicom’s solutions are used globally by over 50 customers, including some of the world’s largest drone manufacturers, for mission-critical functions.
YTD Price Performance: -36.89%
Average Trading Volume: 270,646
Technical Sentiment Signal: Sell
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