Business
Mobilicom Provides First Quarter 2025 Update and Financial Highlights
Continued momentum in sales to Tier-1 defense manufacturers gearing up for program of record deliveries for end users including the U.S. Department of Defense
About this update from Mobilicom Limited
[{"type":"text","content":"Continued momentum in sales to Tier-1 defense manufacturers gearing up for program of record deliveries for end users including the U.S. Department of Defense (DoD) and other major world militaries Mobilicom’s systems added to the DoD’s Blue UAS Framework marks a major catalyst Strong cash position of ~$8 million with narrowing burn rate provides runway to execute on large market opportunities Palo Alto, California, May 19, 2025 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB), a provider of cybersecurity and robust solutions for drones and robotics, today announced financial results for the three months and quarter ended March 31, 2025, as well as recent business and operational highlights. In February, the U.S. the DoD’s Defense Innovation Unit (DIU) added three Mobilicom SkyHopper products to the Blue UAS Framework, a prestigious short-list of approved products eligible for procurement by the DoD. This marks a significant milestone that the Company expects to open new opportunities and substantially increase demand for SkyHopper PRO, PRO Lite, and PRO Micro from Tier-1 global OEMs serving the global defense and commercial uncrewed autonomous systems (UAS) markets, including U.S. federal and state programs as well as European and NATO member nations. “We had a strong start to the year with major milestones that we believe will have a significant positive long term impact on our business including SkyHopper’s addition to the DoD BlueUAS Framework, and a high level of interest in our recently launched OS3 cybersecurity software designed for AI-driven next-generation drones and robotics,” stated Mobilicom CEO and Founder Oren Elkayam. “With a strong balance sheet and narrowing burn rate, we believe that we are very well positioned to continue to implement our strategic plans, which include capturing market share, increasing software revenues through our new product mix, and further ramping revenues as we expect our customers prepare to deliver larger quantities of UAS for DoD programs of record,” Elkayam concluded. Financial Highlights for the Three Months Ended March 31, 2025 Revenues were $844,000, approximately 40% of which were from sales to U.S. customers Confirmed order backlog as of March 31, 2025 was $737,000 and is expected to be fulfilled in H1 2025; Additional revenue potential from robust pipeline of opportunities,...