Revenue remains highly unpredictable with a recent quarterly growth rate of 3.1% in 2025Q4, while operating margins have suffered deep deficits, reaching -300.02% in recent periods.
| Sales/Revenue | 3.36M | 3.18M | 2.19M | 1.62M | 3.71M | 1.85M | 3.39M | 2.8M | 1.52M | 1.28M | 993.79K |
| Revenue Growth % | 5.75% | 44.98% | 35.7% | -56.37% | 99.84% | -45.3% | 21.14% | 84.12% | 18.44% | 29.11% | - |
| Cost of Goods Sold | 1.58M | 1.35M | 902.01K | 610.01K | 1.68M | 883.26K | 1.22M | 826.22K | 412.28K | 264.85K | 214.97K |
| COGS % of Revenue | 46.83% | 42.4% | 41.12% | 37.73% | 45.35% | 47.64% | 36.08% | 29.53% | 27.13% | 20.64% | 21.63% |
| Gross Profit | 1.79M | 1.83M | 1.29M | 1.01M | 2.02M | 970.82K | 2.17M | 1.97M | 1.11M | 1.02M | 778.82K |
| Gross Margin % | 53.17% | 57.6% | 58.88% | 62.27% | 54.65% | 52.36% | 63.92% | 70.47% | 72.87% | 79.36% | 78.37% |
| Gross Profit Growth % | -2.37% | 41.81% | 28.33% | -50.29% | 108.56% | -55.2% | 9.88% | 78.06% | 8.76% | 30.74% | - |
| Operating Expenses | 11.88M | 5.88M | 8.85M | 4.74M | 5.39M | 4.17M | 6.63M | 5.86M | 5.9M | 2.52M | 2.69M |
| OpEx % of Revenue | 353.19% | 184.75% | 403.61% | 293.23% | 145.37% | 224.89% | 195.46% | 209.37% | 388% | 196.45% | 270.18% |
| Selling, General & Admin | 7.11M | 3.82M | 4.19M | 5.26M | 3.04M | 2.13M | 3.39M | 3.01M | 3.86M | 779.62K | 931.18K |
| SG&A % of Revenue | 211.28% | 120.2% | 191.01% | 325.2% | 82.14% | 114.67% | 100.11% | 107.53% | 254.02% | 60.76% | 93.7% |
| Research & Development | 4.9M | 2.13M | 1.85M | 2.52M | 2.34M | 2.04M | 3.23M | 2.85M | 2.04M | 1.74M | 1.75M |
| R&D % of Revenue | 145.59% | 66.89% | 84.19% | 155.69% | 63.23% | 110.22% | 95.36% | 101.84% | 133.98% | 135.69% | 176.48% |
| Other Operating Expenses | -123.52K | -74.52K | 2.82M | -3.03M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -10.09M | -4.04M | -7.31M | -6.39M | -3.36M | -3.2M | -4.46M | -3.89M | -4.62M | -1.5M | -1.91M |
| Operating Margin % | -300.02% | -127.15% | -333.31% | -395.26% | -90.72% | -172.53% | -131.54% | -138.9% | -303.8% | -117.09% | -191.81% |
| Operating Income Growth % | -149.53% | 44.69% | -14.43% | -90.1% | -5.08% | 28.26% | -14.72% | 15.82% | -207.31% | 21.19% | - |
| EBITDA | -9.99M | -3.93M | -7.04M | -6.01M | -3.13M | -2.94M | -4.21M | -3.86M | -4.58M | -1.48M | -1.88M |
| EBITDA Margin % | -296.89% | -123.59% | -320.89% | -372.03% | -84.46% | -158.72% | -124.31% | -138.11% | -301.68% | -115.53% | -189.59% |
| EBITDA Growth % | -154.04% | 44.16% | -17.05% | -92.2% | -6.33% | 30.16% | -9.03% | 15.71% | -209.3% | 21.33% | - |
| D&A (Non-Cash Add-back) | 105.39K | 113.2K | 272.47K | 375.52K | 232.08K | 255.95K | 245.04K | 21.98K | 32.16K | 20.08K | 22.08K |
| EBIT | -23.79M | -7.82M | -4.46M | -261.51K | -2.74M | -2.48M | -3.55M | -3.37M | -5.66M | -1.5M | -1.91M |
| Net Interest Income | 254.84K | 242.72K | 278.74K | 102.87K | -53.8K | -1.52K | -9.53K | 57.18K | -401.53K | -4.38K | -2.52K |
| Interest Income | 264.13K | 269.77K | 293.48K | 168.84K | 1.63K | 9.46K | 36.83K | 57.18K | 25.59K | 0 | 280 |
| Interest Expense | 9.3K | 27.05K | 14.73K | 65.97K | 55.44K | 10.98K | 46.35K | 0 | 427.12K | 4.38K | 2.79K |
| Other Income/Expense | -13.71M | -3.81M | 307.75K | 6.06M | 570.32K | 702.82K | 865.66K | 519.57K | -133.26K | 656.85K | 772.11K |
| Pretax Income | -23.8M | -7.85M | -4.48M | -332.28K | -2.79M | -2.5M | -3.59M | -3.37M | -4.75M | -845.51K | -1.13M |
| Pretax Margin % | -707.58% | -246.8% | -204.43% | -20.55% | -75.33% | -134.62% | -106% | -120.33% | -312.57% | -65.9% | -114.12% |
| Income Tax | -74.76K | 160.8K | 80.92K | 9.72K | 9.49K | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0.31% | -2.05% | -1.8% | -2.92% | -0.34% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -23.72M | -8.01M | -4.57M | -341.47K | -2.8M | -2.5M | -3.59M | -3.37M | -6.09M | -845.51K | -1.13M |
| Net Margin % | -705.36% | -251.85% | -208.12% | -21.12% | -75.58% | -134.62% | -106% | -120.33% | -400.73% | -65.9% | -114.12% |
| Net Income Growth % | -196.18% | -75.44% | -1237.09% | 87.81% | -12.2% | 30.53% | -6.71% | 44.71% | -620.27% | 25.45% | - |
| Net Income (Continuing) | -23.72M | -8.01M | -4.57M | -237.22K | -2.8M | -2.5M | -3.59M | -3.37M | -4.75M | -845.51K | -1.13M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.68 | -1.32 | -1.37 | -0.14 | -2.50 | -2.28 | -2.87 | -2.83 | -6.16 | -0.25 | -0.33 |
| EPS Growth % | -103.03% | 3.65% | -878.57% | 94.4% | -9.65% | 20.56% | -1.41% | 54.06% | -2364% | 24.24% | - |
| EPS (Basic) | -2.68 | -1.32 | -1.37 | -0.14 | -2.50 | -2.28 | -2.87 | -2.83 | -6.16 | -0.25 | -0.33 |
| Diluted Shares Outstanding | 8.85M | 6.08M | 4.83M | 2.42M | 1.08M | 937.95K | 1.63M | 790.63K | 984.65K | 3.44M | 3.44M |
| Basic Shares Outstanding | 8.85M | 6.08M | 4.83M | 2.42M | 1.08M | 937.95K | 1.63M | 790.63K | 984.65K | 3.44M | 3.44M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - |
Persistent operating cash burn
As reported in financial statements, Mobilicom's revenue trajectory remains highly volatile, with quarterly figures fluctuating between $0.47M and $2.4M over the last ten periods, suggesting that the company's reliance on project-based procurement cycles creates significant top-line unpredictability that complicates long-term forecasting for institutional investors.
The lack of consistent sequential growth indicates that the company has yet to achieve a repeatable sales motion within the defense and robotics sectors. Investors should monitor whether the recent integration into Teledyne FLIR platforms can stabilize these revenue swings or if the business will remain tethered to lumpy, non-recurring engineering contracts.
Based on Mobilicom's reported figures, the company maintains a relatively healthy gross margin profile, averaging above 50% despite significant operational headwinds, which suggests that its proprietary software-defined radio and cybersecurity stack may command a premium price point within the specialized tactical drone component market.
While the gross margin remains structurally sound, it is currently insufficient to offset the heavy R&D and SG&A burden required to maintain its competitive moat. The ability to sustain these margins while scaling volume will be the primary determinant of whether the company can eventually reach a break-even point.
According to recent SEC filings, Mobilicom's operating expenses, particularly R&D and SG&A, consistently dwarf gross profits, resulting in an operating margin deficit that reached -300.02% in recent periods, highlighting a cost structure that is currently misaligned with the company's limited revenue generation capacity.
The company's commitment to high-level engineering personnel and military-grade compliance creates a rigid cost base that does not scale linearly with revenue. This suggests that without a substantial increase in hardware shipments or a shift toward high-margin software licensing, the current burn rate may necessitate further dilutive capital raises.
As indicated by the income statement data, the persistent net losses and lack of positive operating income suggest that the company's current business model may be fundamentally unsustainable without significant external financing, raising concerns about the long-term dilution risk for existing shareholders in the absence of profitability.
Short-sellers would likely focus on the widening gap between R&D investment and actual commercial output, questioning whether the 'design-in' strategy will ever yield sufficient volume to amortize fixed costs. The reliance on cash reserves to fund ongoing operations warrants further investigation into the company's runway and the potential for future equity issuance.
Quick answers to the most common questions about buying MOB stock.
For fiscal year 2025, Mobilicom Ltd (MOB) reported total revenue of $3.4M. This represents a 238.5% increase compared to $1.0M in 2014.
Mobilicom Ltd (MOB) reported a net loss of $23.7M for the fiscal year ending 2025.
Mobilicom Ltd (MOB) reported an operating income of $-10.1M, resulting in an operating profit margin of -300.0%. This margin reflects the operational efficiency of the business before interest and taxes.
Mobilicom Ltd (MOB) generated $1.8M in gross profit for the year, representing a gross profit margin of 53.2%. This demonstrates the company's core pricing power and production efficiency.