Mobilicom Ltd. ADR (MOB) has released an update.
Mobilicom Ltd. ADR has released its unaudited interim condensed consolidated financial statements for the half-year ended June 30, 2024, showing a considerable increase in revenue to $1.8 million from $543,431 the previous year. Despite this growth, the company incurred a loss before income tax of approximately $1.6 million and a total comprehensive loss of $1.8 million for the half-year. These results reflect significant investments in research and development, as well as selling, marketing, and administrative expenses.
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