Mobilicom (MOB) Q2 2026 earnings summary

Executive summary

• First half 2026 revenue reached $1.7 million, a 19% increase year-over-year, driven by scaled deployments for Tier-1 U.S. defense programs and new product launches, with 100% of Q2 revenue from off-the-shelf product sales to U.S. defense and enterprise customers.

• Achieved key design wins and initial orders for next-generation platforms in Israel and the U.S., including loitering munitions and AI-enabled autonomous weapon systems.

• Maintained a strong position in U.S. defense programs, with ongoing monthly deliveries and validation milestones, and advanced U.S. manufacturing footprint.

• Achieved FCC Trusted Drone exemption status, one of only four companies to receive this designation, and received multiple U.S. federal certifications.

• Maintained strong cash position with nearly $16 million in hand and no debt, providing a multi-year runway.

Financial highlights

• Revenue for 1H26 reached $1.7 million, up from $1.5 million in 1H25, with the majority recognized in Q2 due to transition to monthly delivery cadence under a U.S. program of record.

• Gross margin for H1 2026 was 52%, supporting higher-volume production and IP value capture.

• Adjusted EBITDA for H1 2026 was $(2.9) million, reflecting investment in growth and production readiness.

• Net loss for H1 2026 was $6.7 million, compared to $68,746 in H1 2025.

• Cash and equivalents stood at $15.9 million (adjusted) as of June 30, 2026, with no debt or leverage.

Outlook and guidance

• Expectation of continued monthly delivery cadence and ramp-up in U.S. defense programs, with new design wins and customer orders expected to drive growth in 2H26.

• Targeting cash-flow-positive run rate with annual revenue exceeding $12 million (~$3 million/quarter).

• U.S. manufacturing build-out and regulatory positioning expected to support future scale and market share.

• On track to meet or exceed full-year targets for Tier 1 platform wins and OEM software partnerships.

• Focus on deepening software layer and finalizing U.S. manufacturing agreements.