Mobix Labs, Inc. reported significant financial developments in its latest 10-Q filing for the quarter ending March 31, 2025. The company achieved net revenue of $2.5 million for the three months ended March 31, 2025, a 119% increase from $1.1 million in the same period last year. For the six months, revenue surged to $5.7 million, up 297% from $1.4 million in the prior year. The gross profit for the quarter was $1 million, compared to $193,000 in the previous year, reflecting a substantial improvement in profitability. However, the company reported a net loss of $2.3 million for the quarter, slightly higher than the $1.8 million loss in the same period last year.
The financial performance reflects the impact of recent acquisitions, including EMI Solutions, Inc. and RaGE Systems, Inc., which contributed to increased sales of wireless systems solutions and interconnect products. The company’s total liabilities rose to $36.2 million as of March 31, 2025, compared to $33.6 million at the end of the previous fiscal year, primarily due to increased accounts payable and notes payable. The company’s accumulated deficit also increased to $126.6 million, indicating ongoing challenges in achieving profitability.
Operationally, Mobix Labs reported a decrease in research and development expenses, which fell by 49% to $719,000 for the quarter, attributed to cost-cutting measures and reduced outside services. Selling, general, and administrative expenses increased by 10% to $8.1 million, driven by higher stock-based compensation and costs associated with the RaGE earn-out. The company’s employee headcount and customer base have also expanded, although specific figures were not disclosed in the filing.
Looking ahead, Mobix Labs faces challenges in maintaining compliance with Nasdaq listing requirements, as it received notifications for failing to meet the minimum market value of listed securities and bid price requirements. The company has until October 27, 2025, to regain compliance. Management expressed concerns about liquidity, indicating that additional financing will be necessary to support ongoing operations and product development. The company is actively pursuing opportunities for growth through strategic acquisitions and aims to enhance its product offerings in the wireless and connectivity markets.
About MOBIX LABS, INC
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.