Business
Mobix Labs Announces Date for Fourth Quarter 2024 Earnings Release and Conference Call
~ 44% Quarter over Quarter Revenue Growth to $2.95mil. ~ ~ 426% Year over Year Revenue Growth ~ Increasing customer demand fueled by acquisition strategy
About this update from Mobix Labs, Inc.
[{"type":"text","content":"\n~ 44% Quarter over Quarter Revenue Growth to $2.95mil. ~\n~ 426% Year over Year Revenue Growth ~\nIncreasing customer demand fueled by acquisition strategy\n\n\n IRVINE, Calif.--(BUSINESS WIRE)--\nMobix Labs, Inc. (Nasdaq: MOBX) (“Mobix Labs”), a leader in advanced connectivity solutions, today announced updated selected preliminary revenue results for its fiscal fourth quarter and year ended September 30, 2024.\n\n\nOn October 15, 2024, Mobix Labs released a mid-quarter business update forecasting sequential quarterly revenue growth of 44%. Mobix has met its earlier projected 44% sequential quarterly revenue growth target. This achievement is attributed to the company's concerted efforts in increasing its customer base and executing its merger and acquisition strategy with notable success.\n\n\n\n\nEvent:\n\n\n\n\n\n \n\nMobix Labs, Inc. Fourth Quarter 2024 Earnings Call\n\n\n\n\n\n\n\n\nDate:\n\n\n\n\n\n \n\nThursday, December 19, 2024\n\n\n\n\n\n\n\n\nTime:\n\n\n\n\n\n \n\n2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time\n\n\n\n\n\n\n\n\nWebcast:\n\n\n\n\n\n \n\ninvestors.mobixblabs.com\n\n\n\n\n\n\n\nDial-in-number: https://register.vevent.com/register/BI37e4d59b857d4ae697e3f80cd43b40d1\n\n\nBased on preliminary unaudited information, Mobix Labs expects that its revenue for the quarter ending September 30, 2024, will exceed $2.95 million, an increase of nearly 44% sequentially, driven by defense application products.\n\n\nAbout Mobix Labs, Inc.\n\n\nMobix Labs designs, develops and sells components and systems for advanced wireless and wired connectivity, radio frequency (“RF”), switching and filtering technologies. Our solutions are used in the consumer commercial, industrial, automotive, medical, 5G and aerospace & defense markets worldwide. To enhance our product portfolio, we also intend to pursue acquisitions of companies with existing revenue which can be scaled, and which possess technologies that accelerate the speed, accessibility, and efficiency of disruptive or more efficient communications solutions, and which will also allow us to expand into strategically aligned industries. Our wireless mmWave 5G integrated circuits currently in development are designed to deliver significant advantages in performance, efficiency, size, and cost. Our True Xero active optical cables (“AOCs”) are designed to meet customer needs...