Mobix Lab sees Q4 revenue $2.9M plus, annual revenue $6.4M up 426% vs. last yr

Based on preliminary unaudited information, Mobix Labs expects that its revenue for the quarter ending September 30 will exceed $2.9M an increase of more than 445 sequentially, driven by defense application products. “We are pleased with our quarterly revenue growth, particularly the contributions from our recent acquisition of RaGE Systems,” said Keyvan Samini, President and Chief Financial Officer of Mobix Labs. “Our expected 44% sequential revenue growth was largely driven from products that enhance security solutions, specifically in systems requiring robust, mission-critical communications.” “This has been a transformative year for Mobix Labs,” said Fabian Battaglia, Chief Executive Officer of Mobix Labs. “We became a public company, completed multiple acquisitions and we’ve grown our fiscal 2024 revenue an impressive 426% compared to fiscal 2023. These preliminary results confirm that our acquisition strategy is working and continuing to grow and diversify customer demand for our expanding portfolio of innovative products.” Mobix Labs expects to release full fiscal fourth quarter earnings results, including its Annual Report on Form 10-K, in December 2024.