Mobix Labs (MOBX) Q1 2026 earnings summary

Executive summary

• Designs and sells advanced wireless and wired connectivity components for defense, aerospace, commercial, and industrial markets, with a strategy to pursue acquisitions for growth.

• Net proceeds of $5.1 million were raised in January 2026 from a public offering of 30 million shares at $0.20 per share.

• Sold 1.9 million shares under an ATM agreement for $1.25 million in the quarter, but further sales are currently restricted.

Financial highlights

• Net revenue for the quarter ended December 31, 2025 was $1.9 million, down 41% year-over-year.

• Net loss for the quarter was $10.1 million, a 49% improvement from a $19.8 million loss in the prior year.

• Gross profit declined 66% to $0.6 million, with gross margin compression due to lower revenue.

• Operating expenses decreased 41% to $9.4 million, mainly from lower stock-based compensation and cost management.

• Cash at quarter-end was $0.3 million, down from $3.3 million at the prior quarter-end.

Outlook and guidance

• Expects continued operating losses and negative cash flows for the foreseeable future.

• Substantial doubt exists about the ability to continue as a going concern without additional financing.

• Actively seeking additional capital through debt or equity, but availability and terms are uncertain.