Business
Mobilicom Provides First Quarter 2026 Financial Highlights & Business Update
Mobilicom Provides First Quarter 2026 Financial Highlights & Business Update
About this update from Mobilicom Limited
[{"type":"text","content":"Announces Progress in Second U.S. Department of War Program of Record Through Tier-1 Defense Partner Supporting the U.S. Army’s LASSO Program $2.2 Million in New Orders from U.S. Tier-1 Customer for U.S. Department of War Program of Record Two New Design Wins with U.S. Tier-1 Drone Platforms and Expanding APAC and Middle East Engagements Drive Global Growth Granted FCC Trusted Drone Status for UAS Critical Components, Reinforcing Position in the Secure U.S. Defense Supply Chain Palo Alto, California, May 27, 2026 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, MOBBW) (“Mobilicom” or the “Company”), a provider of cybersecurity and robust solutions for drones and robotics, today announced its financial results for the three months ended March 31, 2026, as well as recent operational and strategic developments. The Company’s management will host a webcast at 4:30 p.m. ET today. Details of the webcast are provided below. “This quarter marked a period of strong operational momentum for Mobilicom as we advanced from development programs toward production deployments with Tier-1 defense customers,” said Oren Elkayam, CEO and Founder of Mobilicom. “Revenue during the quarter was impacted by temporary timing dynamics relating to a customer’s transition into Program of Record production ramp-up, which shifted procurement timing from initial deployment orders to larger follow-on production orders.” “In a significant milestone, a Tier-1 partner has progressed within the U.S. Army’s Low Altitude Stalking and Strike Ordnance (LASSO) Program process, embedding our cybersecure SkyHopper datalink and ICE electronic warfare resistant software solutions. While the program remains in the initial deployment and validation stage, we believe this has the potential to position Mobilicom for additional production-scale opportunities as the program advances. We also secured $2.2 million in new orders tied to the OPF-L Program and achieved another important milestone by expanding our presence within the U.S. defense drone market through two new Tier-1 drone platform design wins.” “We are proud to be one of only four companies globally in the first batch of FCC ‘Trusted Drones’ which included the entire portfolio of Mobilicom hardware, software and cybersecurity products, reinforcing our position as a critical drone technology provider for U.S. and alli...