Mobilicom (MOB) Q4 2025 earnings summary

Executive summary

• Achieved major U.S. defense certifications, including Blue UAS Select, Trusted Cyber, NDAA validation, and DD Form 1494, reinforcing leadership in drone cybersecurity and autonomy solutions.

• Secured a pivotal $250 million, five-year U.S. Department of Defense Program of Record through a Tier-1 partner, embedding technology in loitering kamikaze drones and driving significant production-scale orders.

• Over 70% of revenue and growth derived from the U.S. market, with expanding Tier-1 customer base and deployments in EMEA and Asia-Pacific.

• Launched the Secured Autonomy cybersecurity framework and expanded product offerings, including AI-powered solutions and partnerships with NVIDIA, Aitech, ARK, and Palladyne AI.

• Transitioned to direct Nasdaq ordinary share listing, improving capital structure, market access, and index eligibility.

Financial highlights

• Revenue reached $3.4 million in 2025, up 7% year-over-year, with Q4 revenue at $926,000 and two consecutive quarters above $900,000.

• Gross margin on hardware at 53%, consistent with prior periods and reflecting strong IP value.

• Cash and cash equivalents surged 120% to $19.1 million, with zero debt and several years of runway at a reduced monthly burn rate of $159,000.

• EBITDA (non-IFRS) was $(4.0) million, with GAAP net loss of $(23.7) million, including significant non-cash warrant and share-based compensation expenses.

• Equity increased to $8.8 million; market cap at $75 million outstanding, $108 million fully diluted.

Outlook and guidance

• Anticipates significant revenue growth in 2026 and 2027, driven by scaling U.S. defense programs and global Tier-1 customer expansion.

• Expects to reach cash flow positive at a $12 million annual revenue run rate, likely within three to four quarters.

• Plans to expand Tier-1 customer base to 8-10 globally, with increased production and integration.

• U.S. manufacturing to be established by end of 2026, aligning with new federal mandates and unlocking long-term revenue.