Mobix Labs (MOBX) Registration Filing summary

Company overview and business model

• Designs and sells advanced wireless and wired connectivity, RF, and EMI filtering technologies for defense, aerospace, commercial, industrial, and medical markets.

• Pursues growth through acquisitions, with recent additions of EMI Solutions and RaGE Systems expanding product offerings and customer base.

• Focuses on mmWave 5G, RF, and interconnect products, leveraging a significant IP portfolio.

• Primary customers include organizations in defense, aerospace, and healthcare; one customer accounted for 50% of FY25 revenue.

• Manufactures most interconnect and wireless systems in-house, with some reliance on contract manufacturers and third-party suppliers.

Financial performance and metrics

• FY25 net revenue: $9.9M (product: $6.0M, services: $3.9M); FY24 net revenue: $6.4M.

• FY25 net loss: $46.1M; FY24 net loss: $20.0M; accumulated deficit as of Dec 31, 2025: $160.7M.

• Gross profit for FY25: $4.9M; loss from operations: $37.7M.

• Cash balance as of Dec 31, 2025: $0.3M; working capital deficit: $22.4M.

• Substantial doubt exists about ability to continue as a going concern; additional capital needed to fund operations.

Use of proceeds and capital allocation

• No proceeds from resale of shares by selling stockholders; may receive up to $15.6M from warrant exercises if exercised for cash.

• Any proceeds from warrant exercises intended for working capital, potential acquisitions, and general corporate purposes.

• Recent capital raises include public offerings, private placements, and loans to support liquidity.