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 strategic acquisitions, including EMI Solutions and RaGE Systems, expanding into new markets and enhancing product offerings.

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

• Primary customers are OEMs and ODMs in aerospace, military, defense, and healthcare; revenue is concentrated with a few large clients.

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

Financial performance and metrics

• For the year ended September 30, 2025: net revenue $9.9M, net loss $46.1M, negative cash flow from operations $10.1M.

• For the six months ended March 31, 2026: net revenue $2.8M, net loss $16.0M, negative cash flow from operations $9.0M.

• Gross profit margin declined due to lower product and service revenues and higher interest expense from increased borrowings.

• As of March 31, 2026: cash balance $2.6M, working capital deficit $18.5M, accumulated deficit $166.6M.

• Substantial doubt exists about ability to continue as a going concern; ongoing need for additional capital.

Use of proceeds and capital allocation

• Will not receive proceeds from resale of registered shares; may receive up to $6M if Preferred Warrant is exercised, to be used for working capital and general corporate purposes.

• Recent and planned capital raises include equity, convertible notes, and warrants, often resulting in dilution.

• Proceeds from recent financings used to settle debt, fund acquisitions, and support operations.