Exceptional Revenue Growth
Mobix Labs reported a 44% sequential revenue increase for the fourth quarter and a 426% increase for the full fiscal year 2024 compared to 2023.
Improved Gross Margins
For the fourth quarter, Mobix Labs achieved an adjusted gross margin of 56.6%, an improvement of 16.3 percentage points sequentially.
Successful Acquisition Strategy
Mobix Labs announced a letter of intent to acquire Spacecraft Components, expected to expand growth into military, defense, aerospace, and rail sectors, and increase the workforce by approximately 150 employees.
Strong Financial Outlook
Mobix Labs forecasts continued growth with first fiscal quarter 2025 revenues expected to be between $3.05 million and $3.15 million.