We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Mobilicom Ltd | NASDAQ:MOBBW | NASDAQ | Equity Warrant |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.13 | 0.075 | 0.13 | 0 | 01:00:00 |
Recent Operational Highlights:
2023 Financial Highlights:
“2023 was a transformative year for Mobilicom marked by several initial commercial scale orders from large global defense manufacturers. Our cybersecure systems are now integrated into drones and robotics purchased by the U.S. Department of Defense, Israel’s Ministry of Defense and others” stated Mobilicom CEO and Founder Oren Elkayam. “Our revenue growth, driven by our design win customer- based expansion demonstrates Mobilicom ability to deliver end-to-end systems that operate effectively under the most difficult conditions.”
“During the year, we expanded our U.S. market presence and business activities, product line and market segments. We’ve had great traction with our newly launched MCU-70, a cybersecure software defined radio that expands our reach into mid-sized and long-range unmanned aerial vehicles (UAVs) that delivers a superior size-to-performance ratio. Our solutions are now used in a broad range of systems from mini and small-sized drones to high-speed mid-range drone and robotics.”
“We foresee a strong financial start for 2024 based on our $1.4 million sales backlog. We anticipate additional repeat orders as well as new contracts to drive 2024 revenues. We believe that with $8.4 million in cash at the end of 2023 plus the recent $3 million fund raise in January, we are well positioned to continue to innovate, grow, and become a leading provider of cybersecure solutions for the global small-sized drone and robotics industry.”
Key Sales and Contracts by Region:
United States
Europe
Israel and ROW
About Mobilicom
Mobilicom is a leading provider of cybersecure robust solutions for the rapidly growing defense and commercial drones and robotics market. Mobilicom’s large portfolio of field-proven technologies includes cybersecurity, software, hardware, and professional services that power, connect, guide, and secure drones and robotics. Through deployments across the globe with over 50 customers, including the world’s largest drone manufacturers, Mobilicom’s end-to-end solutions are used in mission-critical functions.
For investors, please use https://ir.mobilicom.com/For company, please use www.mobilicom.com
Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. For example, the Company is using forward-looking statements when it discusses how the Company is trusted to deliver end-to-end systems that operate effectively under the most difficult conditions, how it foresees a strong financial start for 2024 based on it $1.4 million backlog and accounts receivable, its anticipation that additional repeat orders as well as new contracts will drive 2024 revenues growth and its belief that it is positioned to continue to innovate, grow, and become a leading provider of
cybersecure solutions for the global small-sized drone and robotics industry. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company’s filings with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.
For more information on Mobilicom, please contact:
Liad GelferMobilicom Ltdliad.gelfer@mobilicom.com
Use of Non-IFRS Financial Information
In addition to disclosing financial results calculated in accordance with the International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board, this release also contains non-IFRS financial measures, which Mobilicom believes are the principal indicators of the operating and financial performance of its business.
Management believes the non-IFRS financial measures provided are useful to investors' understanding and assessment of Mobilicom’s ongoing core operations and prospects for the future, as the charges eliminated are not part of the day-to-day business or reflective of the core operational activities of the company. Management uses these non-IFRS financial measures as a basis for strategic decisions, and evaluating the Company's current performance. The presentation of these non-IFRS financial measures is not intended to be considered in isolation from, or as a substitute for, or superior to, operating loss and or net income (loss) or any other performance measures derived in accordance with IFRS or as an alternative to net cash provided by operating activities or any other measures of our cash flows or liquidity.
EBITDA is a non-IFRS financial measure that is defined as earnings before interest, taxes, depreciation, amortization, and other non-cash or one-time expenses.
Mobilicom Limited | |||||||||||||||
Condensed Consolidated Statements of Profit or Loss | |||||||||||||||
AUD$ | AUD$ | $ * | $ * | ||||||||||||
For the twelve months ended, December 31, | For the twelve months ended, December 31, | For the twelve months ended, December 31, | For the twelve months ended, December 31, | ||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||
Revenue | $ | 3,301,887 | $ | 2,327,058 | $ | 2,258,491 | $ | 1,580,881 | |||||||
Cost of sales | 1,357,614 | 883,483 | 928,608 | 600,193 | |||||||||||
Gross margin | 1,944,273 | 1,443,575 | 1,329,883 | 980,688 | |||||||||||
Operating Expenses | |||||||||||||||
Selling and marketing expenses | 2,484,905 | 2,464,936 | 1,699,675 | 1,674,550 | |||||||||||
Research and development, net | 2,640,258 | 1,662,274 | 1,805,936 | 1,129,262 | |||||||||||
General and administration expenses | 4,032,454 | 2,690,920 | 2,758,199 | 1,828,071 | |||||||||||
Total operating expenses | 9,157,617 | 6,818,130 | 6,263,810 | 4,631,883 | |||||||||||
Operating loss | (7,213,344 | ) | (5,374,555 | ) | (4,933,927 | ) | (3,651,195 | ) | |||||||
Other (expenses) income | 463,176 | 5,047,072 | 316,812 | 3,428,718 | |||||||||||
Loss before income tax expenses | $ | (6,750,168 | ) | $ | (327,483 | ) | $ | (4,617,115 | ) | $ | (222,477 | ) | |||
Income tax expenses | (121,797 | ) | (13,986 | ) | (83,309 | ) | (9,501 | ) | |||||||
Loss after income tax expenses | $ | (6,871,965 | ) | $ | (341,469 | ) | $ | (4,700,424 | ) | $ | (231,978 | ) | |||
Loss per share - basic and diluted | (0.52 | ) | (0.05 | ) | (0.35 | ) | (0.03 | ) | |||||||
Weighted average shares outstanding - basic and diluted | 1,328,152,166 | 664,158,704 | 1,328,152,166 | 664,158,704 |
* US Dollars numbers presented solely for convenience of the reader
Mobilicom Limited | |||||||||||||||
Reconciliation table of EBITDA to Loss after income tax expenses | |||||||||||||||
AUD$ | AUD$ | $ * | $ * | ||||||||||||
For the twelve monthsended, December 31, | For the twelve monthsended, December 31, | For the twelve monthsended, December 31, | For the twelve monthsended, December 31, | ||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||
Loss after income tax expense | $ | (6,871,965 | ) | $ | (341,469 | ) | $ | (4,700,424 | ) | $ | (231,978 | ) | |||
Financial expenses (income), net | (463,176 | ) | (5,047,072 | ) | (316,812 | ) | (3,428,718 | ) | |||||||
Depreciation | 412,093 | 375,516 | 253,075 | 255,106 | |||||||||||
Share-based compensation | 882,055 | 309,256 | 603,326 | 210,092 | |||||||||||
Income tax expense | 121,797 | 13,986 | 83,309 | 9,501 | |||||||||||
EBITDA | $ | (5,919,196 | ) | $ | (4,689,783 | ) | $ | (4,160,835 | ) | $ | (3,195,498 | ) | |||
* US Dollars numbers presented solely for convenience of the reader
Mobilicom Limited | |||||||||||||||
Condensed Consolidated Statements of Financial Position | |||||||||||||||
AUD$ | AUD$ | $ * | $ * | ||||||||||||
December 31, | December 31, | December 31, | December 31, | ||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||
Assets | |||||||||||||||
Current assets | |||||||||||||||
Cash and cash equivalents | $ | 12,259,185 | $ | 18,917,416 | $ | 8,385,283 | $ | 12,851,506 | |||||||
Restricted cash | 86,880 | 59,126 | 59,426 | 40,166 | |||||||||||
Trade and other receivables, net | 1,429,209 | 828,351 | 977,578 | 562,740 | |||||||||||
Inventories | 1,366,635 | 838,658 | 934,779 | 569,740 | |||||||||||
Total current assets | 15,141,909 | 20,643,551 | 10,357,066 | 14,024,152 | |||||||||||
Non-current assets | |||||||||||||||
Property, plant and equipment, net | 117,758 | 135,878 | 80,547 | 92,309 | |||||||||||
Right-of-use assets | 672,954 | 426,817 | 460,300 | 289,957 | |||||||||||
Total non-current assets | 790,712 | 562,695 | 540,847 | 382,266 | |||||||||||
Total assets | $ | 15,932,621 | $ | 21,206,246 | $ | 10,897,913 | $ | 14,406,418 | |||||||
Liabilities | |||||||||||||||
Current liabilities | |||||||||||||||
Trade and other payables | $ | 2,076,052 | $ | 1,608,846 | $ | 1,420,018 | $ | 1,092,966 | |||||||
Lease liabilities | 327,046 | 333,850 | 223,700 | 226,800 | |||||||||||
Financial liability | 1,572,818 | 1,097,520 | 1,075,808 | 745,598 | |||||||||||
Total current liabilities | 3,975,916 | 3,040,216 | 2,719,526 | 2,065,364 | |||||||||||
Non-current liabilities | |||||||||||||||
Lease liabilities | 334,909 | 95,403 | 229,078 | 64,812 | |||||||||||
Employee benefits | 295,542 | 203,636 | 202,151 | 138,339 | |||||||||||
Governmental liabilities on grants received | 6,666 | 6,084 | 4,560 | 4,133 | |||||||||||
Total non-current liabilities | 637,117 | 305,123 | 435,789 | 207,284 | |||||||||||
Total liabilities | 4,613,033 | 3,345,339 | 3,155,315 | 2,272,648 | |||||||||||
Net assets | $ | 11,319,588 | $ | 17,860,907 | $ | 7,742,598 | $ | 12,133,770 | |||||||
Equity | |||||||||||||||
Issued capital | 41,855,722 | 41,636,762 | 28,629,314 | 28,285,844 | |||||||||||
Reserves | 388,674 | 276,988 | 265,853 | 188,172 | |||||||||||
Accumulated losses | (30,924,808 | ) | (24,052,843 | ) | (21,152,569 | ) | (16,340,246 | ) | |||||||
Total equity | $ | 11,319,588 | $ | 17,860,907 | $ | 7,742,598 | $ | 12,133,770 | |||||||
* US Dollars numbers presented solely for convenience of the reader |
1 Year Mobilicom Chart |
1 Month Mobilicom Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions