Mobilicom (MOB) investor relations material

Executive summary

• Achieved two major U.S. Tier 1 design wins for ISR drone platforms, expanding presence in U.S. defense programs and international markets, including APAC, UAE, and Israel for India deployment.

• Embedded solutions included in key U.S. Army and Marine Corps programs of record, with $2.2 million in new orders under the U.S. Army LASSO Program and deliveries underway.

• FCC Trusted Drone exemption granted for the full product suite, positioning as a critical provider for U.S. drones and enhancing defense market access.

• Launched new products: SkyHopper Tactical and SkyHopper MultiBand, addressing evolving defense and secure communications needs.

• Advanced from development to production deployments with Tier-1 defense customers, supporting global expansion.

Financial highlights

• Q1 2026 revenue was $548,000, down from $844,000 in Q1 2025 due to shipment timing, not demand.

• Order backlog at quarter-end was $1.8 million, up 151% year-over-year.

• Combined Q1 revenue and backlog provided $2.4 million in revenue visibility, a 50% increase year-over-year.

• Cash and cash equivalents totaled $17.7 million as of March 31, 2026, with zero debt.

• Operating cash burn averaged $528,000 per month in Q1 2026, funding integration, inventory, and U.S. expansion.

Outlook and guidance

• Management expects to capitalize on accelerating production-scale demand and progress toward positive cash flow as order activity builds through 2026.

• Initial revenue from new design wins expected in late 2026, with meaningful revenue ramping in 2027.

• Multi-year programs of record provide recurring revenue opportunities, especially as LASSO and OPF-L scale.

• Annual revenue run rate estimated to exceed $12 million, with quarterly run rate over $3 million.

• Hardware annual production capacity exceeds 3,000 units; software delivery capacity is unlimited.