Mobilicom Ltd. ADR (MOB) AI Stock Analysis

• Market Cap: $63.51M
• Dividend Yield: N/A
• Average Volume (3M): 626.75K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.04
• 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: 0.71
• Enterprise Value/Revenue: 23.57
• Enterprise Value/Gross Profit: 40.31
• Enterprise Value/Ebitda: -6.47
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: $6.50 ▼(-16.88% Downside)

The score is primarily held down by ongoing losses and negative operating/free cash flow, despite strong revenue growth and improved gross margins. Technicals are weak with the stock trading below key short- and mid-term moving averages. Valuation is also pressured due to the very negative P/E and lack of dividend yield.

Positive Factors

Gross margin expansion

A large gross margin improvement implies stronger product mix, improved pricing or cost control in core communications products. Sustained higher gross margins create durable unit economics, improving the path to operating leverage and making future SG&A investments more scalable.

Defense cybersecurity product fit

Alignment with formal U.S. defense cybersecurity standards and reported traction with Tier‑1 U.S. defense customers signals durable product-market fit. Meeting regulatory/standards barriers increases switching costs and supports recurring procurement cycles and long-term contracts.

Low leverage / equity base

Very low reported leverage gives financial flexibility to invest in R&D and handle defense procurement timing. Manageable debt reduces refinancing risk and supports strategic bidding and partnership initiatives without immediate pressure from creditors.

Negative Factors

Negative operating and free cash flow

Persistent negative operating and free cash flow indicates the business cannot self-fund growth or convert profits to cash. Over the medium term this necessitates external financing or dilutive raises, constraining investment pace and creating runway risk if financing conditions tighten.

Ongoing net losses

Despite margin improvements, sustained negative EBIT/EBITDA shows operations are not yet profitable. This weakens return on capital and elevates the need for continued funding; absent durable operating profit, long‑term shareholder returns remain uncertain.

Revenue volatility and small scale

Small headcount and volatile revenue history point to limited operational scale and potential customer concentration. This makes meeting large defense OEM demands and scaling production/support across markets harder, keeping revenue lumpy and execution risk elevated.

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

Revenue grew strongly in 2024 (+45% YoY) and gross margin improved materially, but the company continues to post net losses with negative EBIT/EBITDA margins. Balance sheet leverage is low (debt-to-equity ~0.06) but equity is declining and ROE is negative. Cash flow is a key weakness with negative operating and free cash flow, raising liquidity and sustainability risk.

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MOB, the sentiment is Negative. The current price of 7.82 is above the 20-day moving average (MA) of 7.75, above the 50-day MA of 7.09, and above the 200-day MA of 5.31, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 45.65 is Neutral, neither overbought nor oversold. The STOCH value of 11.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	$30.61M	9.38	14.26%	―	19.50%	41.35%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
FIEE	56 Neutral	$32.49M	-19.75	-66.84%	―	-5.65%	88.68%
AIRG	55 Neutral	$51.06M	-9.29	-19.65%	―	-1.53%	55.08%
CLRO	46 Neutral	$14.03M	-0.45	-75.61%	―	-42.90%	-427.39%
MOB	43 Neutral	$63.51M	-2,206.45	-99.36%	―	-17.72%	8.82%

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.