Mobilicom Ltd. ADR (MOB) AI Stock Analysis

• Market Cap: $77.63M
• Dividend Yield: N/A
• Average Volume (3M): 626.75K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.97
• Revenue Growth: -17.72%
• EPS Growth: 8.82%
• Country: US
• Employees: 21
• Sector: Industrials
• Sector Strength: 72
• Industry: Communication Equipment
• EPS (TTM): N/A
• Shares Outstanding: 9,939,669
• 10 Day Avg. Volume: 605,828
• 30 Day Avg. Volume: 626,751
• PEG Ratio: 0.72
• Price to Book (P/B): 5.75
• Price to Sales (P/S): 7.28
• P/FCF Ratio: -7.16
• Enterprise Value/Market Cap: -0.08
• Enterprise Value/Revenue: -3.29
• Enterprise Value/Gross Profit: -5.62
• Enterprise Value/Ebitda: 0.90
• 1Y Price Target: $12.00
• Price Target Upside: 53.45% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: $8.00 ▲(2.30% Upside)

The score is held back primarily by weak financial performance—persistent losses and negative operating/free cash flow despite strong revenue growth and improved gross margin. Technicals are supportive with price above key moving averages and positive momentum indicators, but valuation is pressured by the extremely negative P/E and lack of dividend data.

Positive Factors

Revenue growth and margin expansion

Sustained high revenue growth alongside a large gross margin gain indicates improving unit economics and product-market fit. Higher gross margins provide room to invest in R&D and sales while requiring smaller incremental revenue to approach operating profitability over months.

Strong cash position and low leverage

A multi-million cash balance with no debt gives the company a clearer runway to execute defense contracts and product rollouts despite operating losses. Low leverage preserves strategic flexibility and reduces immediate refinancing risk while scaling sales and certification efforts.

Defense design wins and product integrations

Securing design wins with defense OEMs is a structural advantage: integration into weapons and unmanned systems creates long procurement cycles, referenceability and recurring system orders, improving predictable revenue streams and market positioning over time.

Negative Factors

Persistent net losses and negative margins

Ongoing net losses and negative operating margins indicate the business is not yet self-sustaining. Over months this erodes equity, constrains reinvestment, and means profitability depends on sustained revenue acceleration or material cost reduction to reach durable positive earnings.

Negative operating and free cash flow

Persistent negative operating and free cash flow signal difficulty converting sales into usable cash, creating structural liquidity pressure. This limits ability to fund growth internally, risks missed contract deliveries, and increases dependency on external financing over the medium term.

Reliance on external capital raising

Expanding ATM capacity highlights reliance on capital markets to fund operations and growth. Recurrent equity issuance can dilute shareholders and implies internal cash generation is insufficient, creating execution risk if financing windows tighten or terms become unfavorable.

Mobilicom Ltd. ADR Business Overview & Revenue Model

Company Description

Mobilicom Limited operates as an end-to-end provider of cybersecurity and smart solutions for drones, robotics, and autonomous platforms. It designs, develops, and delivers smart solutions for drone, robotics, and autonomous system manufacturers. Mobilicom Limited was incorporated in 2017 and is based in Melbourne, Australia.

How the Company Makes Money

Mobilicom generates revenue through the sale of its advanced communication systems and solutions, which serve various sectors including government, defense, and industrial applications. Key revenue streams include product sales, system integrations, and ongoing service contracts. The company also leverages partnerships with other technology firms and government agencies to enhance its offerings and expand its market reach. Additionally, Mobilicom may benefit from grants or funding initiatives aimed at supporting technological advancements in critical communication infrastructures.

Mobilicom Ltd. ADR Financial Statement Overview

Summary

Mobilicom Ltd. ADR is experiencing growth in revenue but continues to face profitability challenges with consistent net losses and negative operating margins. The balance sheet remains stable with manageable debt levels but declining equity. Cash flow constraints are apparent, with negative free cash flow indicating liquidity risks. Overall, the company needs to address profitability and cash flow issues for a healthier financial stance.

Income Statement

Mobilicom Ltd. ADR has shown some volatility in its revenue growth. The revenue for 2024 increased by 45% over 2023, which indicates positive growth momentum. However, consistent net losses and negative EBIT and EBITDA margins indicate profitability challenges. Improving gross profit margins to 57.6% in 2024 from 38.1% in 2023 is a positive sign, but the net profit margin remains substantially negative, reflecting ongoing profitability issues.

Balance Sheet

The company shows a relatively stable equity position with an equity ratio of 37.1% in 2024. However, the debt-to-equity ratio has increased slightly to 0.06 in 2024, indicating manageable leverage but a declining trend in stockholders' equity. The return on equity remains negative due to net losses, suggesting limited returns for shareholders.

Cash Flow

The cash flow situation for Mobilicom Ltd. ADR appears constrained, with negative operating and free cash flows in 2024. This indicates potential liquidity challenges, although the company has managed to maintain positive financing cash flow. The lack of free cash flow to net income ratio highlights difficulty in converting income into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.92M	3.18M	2.19M	1.62M	2.69M	1.42M
Gross Profit	1.12M	1.83M	1.29M	575.86K	1.47M	744.91K
EBITDA	-6.99M	-7.71M	-4.19M	114.00K	-1.81M	-1.71M
Net Income	-5.59M	-8.01M	-4.57M	-341.47K	-2.03M	-1.92M
Balance Sheet
Total Assets	9.18M	10.84M	10.90M	21.21M	5.95M	4.57M
Cash, Cash Equivalents and Short-Term Investments	6.83M	8.59M	12.26M	29.79M	4.00M	2.46M
Total Debt	525.00K	227.29K	661.96K	953.27K	641.66K	818.40K
Total Liabilities	4.41M	6.82M	4.61M	3.35M	2.62M	2.55M
Stockholders Equity	4.77M	4.03M	11.32M	17.86M	3.33M	2.02M
Cash Flow
Free Cash Flow	-3.15M	-3.23M	-4.18M	-3.12M	-1.38M	-1.46M
Operating Cash Flow	-3.16M	-3.21M	-4.15M	-3.10M	-1.36M	-1.46M
Investing Cash Flow	-11.25K	-26.93K	-1.46K	-18.46K	-22.92K	0.00
Financing Cash Flow	-294.19K	3.48M	-271.62K	13.50M	2.53M	-86.35K

Mobilicom Ltd. ADR Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.82
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MOB, the sentiment is Positive. The current price of 7.82 is above the 20-day moving average (MA) of 6.82, above the 50-day MA of 6.79, and above the 200-day MA of 4.85, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 58.63 is Neutral, neither overbought nor oversold. The STOCH value of 82.94 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MOB.

Mobilicom Ltd. ADR Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BOSC	72 Outperform	$30.37M	9.32	14.26%	―	19.50%	41.35%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
FIEE	54 Neutral	$21.78M	-15.17	-66.84%	―	-5.65%	88.68%
MOB	52 Neutral	$77.63M	-2,522.58	-99.36%	―	-17.72%	8.82%
AIRG	51 Neutral	$48.19M	-7.79	-19.65%	―	-1.53%	55.08%
CLRO	44 Neutral	$12.60M	-0.41	-75.61%	―	-42.90%	-427.39%

Mobilicom Ltd. ADR Corporate Events

Mobilicom Transitions ADSs to Nasdaq-Listed Ordinary Shares

On December 4, 2025, Mobilicom announced a significant change in its share structure by transitioning its American Depositary Shares (ADSs) to ordinary shares listed on the Nasdaq Capital Market. This transition, effective December 8, 2025, is part of Mobilicom’s U.S.-based growth strategy aimed at enhancing accessibility for U.S. investors and streamlining its corporate structure. The move is expected to broaden institutional and retail investor access, reduce costs, and align with practices of other global issuers, ultimately strengthening the company’s market position.

The most recent analyst rating on (MOB) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Mobilicom Ltd. ADR stock, see the MOB Stock Forecast page.

Mobilicom Reports Strong Q3 2025 Sales Growth in U.S. Market

Mobilicom Limited announced a significant increase in sales to the U.S. market during the third quarter of 2025, with revenues rising by 63% quarter-over-quarter. The company attributes this growth to increased production by Tier-1 U.S. defense customers and the launch of its Secured Autonomy™ framework, designed to meet new cybersecurity standards set by the U.S. Department of War. Mobilicom is transitioning its ADSs to ordinary shares on Nasdaq, expected to complete by December 1, 2025, as part of its U.S.-based global rollout strategy. The company’s strong financial position, with $16.4 million in cash and no debt, supports its growth ambitions and positions it well to capitalize on new opportunities in the autonomous systems market.

The most recent analyst rating on (MOB) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Mobilicom Ltd. ADR stock, see the MOB Stock Forecast page.

Mobilicom Ltd. Announces 2025 AGM with Key Resolutions

Mobilicom Ltd. has announced its upcoming Annual General Meeting (AGM) scheduled for December 3, 2025. The meeting will address several key resolutions, including the re-election and election of directors, and the approval of an Employee Security Incentive Plan. These decisions are crucial for the company’s governance and strategic direction, potentially impacting shareholder value and the company’s operational focus.

The most recent analyst rating on (MOB) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Mobilicom Ltd. ADR stock, see the MOB Stock Forecast page.

Mobilicom Ltd. Expands ATM Sales Agreement to Boost Capital

On October 29, 2025, Mobilicom Ltd. announced an amendment to its At-The-Market Sales Agreement with ThinkEquity LLC, increasing the maximum aggregate offering price of its securities to $37 million. This amendment allows the company to offer and sell ordinary shares and American Depositary Shares (ADSs) through ThinkEquity, enhancing its capital-raising capabilities and potentially strengthening its market position in the technology sector.

The most recent analyst rating on (MOB) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Mobilicom Ltd. ADR stock, see the MOB Stock Forecast page.