Mobilicom Ltd
- Open
- 5.60
- Day high
- 5.90
- Day low
- 5.45
- Prev close
- 5.54
- Volume
- 145K
- Mkt cap
- $71M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 6.2
- P/S
- 12.8
- Yield
- —
- Per share
- —
Mobilicom Ltd (MOB) is a Technology company listed on NASDAQ. The stock is up 1% over the past year. Drillr has 3 published research articles covering MOB.
Mobilicom Ltd (MOB) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
MOB earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 13, 2026 | — | $-0.53 | — | $2M | +0.0% |
| Mar 23, 2026 | $-0.57 | $-2.68 | -370.2% | $2M | -46.1% |
| Mar 25, 2025 | — | $-0.00 | — | $289556 | — |
| Sep 9, 2024 | — | $-0.00 | — | $2M | — |
| Jun 30, 2023 | — | $-0.00 | — | $542510 | — |
| Aug 26, 2022 | — | $-0.00 | — | $871758 | — |
| Jun 30, 2019 | — | $-0.00 | — | $872651 | — |
| Dec 30, 2017 | — | $-0.00 | — | $228258 | — |
MOB research & analysis
Drone Orders Outrun Electronics Supply at Codan and UMAC
Codan (CODAF), Unusual Machines (UMAC), Mobilicom (MOB) and Twin Disc (TWIN) say drone orders outrun electronics supply: parts need 6-18 months' notice, orders only 4-6.
AMPXCODAFPLXSCodan (CODAF), Peraso (PRSO): Jamming Now Sets Drone Radio Specs
Codan, Peraso and Mobilicom say battlefield jamming now sets drone radio specs; Codan's DTC won US blue-list status and first program-of-record orders.
AIROCODAFFEIMCodan (CODAF), Unusual Machines (UMAC): Drone Demand Outruns Electronics Supply
Codan, Unusual Machines and Mobilicom told August 2026 earnings calls that drone demand is outrunning electronics supply, making Codan's 20% FY27 target conditional.
AMPXCODAFNSYS
Mobilicom Ltd company profile
Overview
Mobilicom Limited (NASDAQ:MOB) is an Australian technology company founded in 2017 and based in Melbourne. The company went public in August 2022, positioning itself as an end-to-end provider of cybersecurity and smart solutions for the rapidly growing drone, robotics, and autonomous systems market. Since its IPO, Mobilicom has been working to establish itself in the specialized niche of secure communications and data solutions for unmanned and autonomous platforms.
Business
Mobilicom operates in the specialized intersection of cybersecurity and drone technology, providing comprehensive solutions for unmanned aerial vehicles (UAVs), robotics, and autonomous platforms. The company's core business revolves around developing and delivering secure communication systems and smart solutions that enable safe, reliable operation of drones and robotic systems. The drone and robotics industry has experienced explosive growth in recent years, driven by applications ranging from military and defense operations to commercial delivery services, agricultural monitoring, infrastructure inspection, and emergency response. However, as these systems become more prevalent, they face increasing cybersecurity threats including signal jamming, data interception, and unauthorized control takeover. This is where Mobilicom's solutions become critical. The company's primary offerings include secure communication systems that protect drone-to-ground station communications from cyber attacks, data encryption technologies that safeguard sensitive information transmitted by autonomous platforms, and smart connectivity solutions that ensure reliable operation in challenging environments. These solutions are particularly important for military, government, and critical infrastructure applications where security breaches could have severe consequences. Mobilicom serves as both a technology developer and solutions provider, working directly with drone manufacturers, robotics companies, and end-users who require secure autonomous systems. The company's solutions are designed to be integrated into existing platforms rather than competing with drone manufacturers, positioning it as an enabling technology provider in the broader autonomous systems ecosystem.
Revenue model
Mobilicom generates revenue primarily through product sales of its cybersecurity and communication solutions to drone and robotics manufacturers, as well as direct sales to end-users requiring secure autonomous systems. The company's business model centers on licensing its proprietary technologies and selling integrated hardware-software solutions that can be embedded into various autonomous platforms. The company's paying customers include drone manufacturers who integrate Mobilicom's security solutions into their products, government agencies and military organizations requiring secure drone operations, and commercial enterprises operating autonomous systems in sensitive environments. Given the specialized nature of cybersecurity for autonomous systems, customers are typically willing to pay premium prices for proven, reliable solutions. Several factors influence Mobilicom's margins and revenue potential. Positive factors include the growing global concern about drone security threats, increasing regulatory requirements for secure drone operations, expanding commercial drone adoption across industries, and the company's early-mover advantage in this specialized niche. The shift toward more autonomous systems in defense, agriculture, and logistics creates additional market opportunities. Negative factors include intense competition from larger technology companies entering the drone security space, the cyclical nature of defense spending, potential economic downturns affecting commercial drone adoption, and the challenge of scaling operations while maintaining the specialized expertise required for cybersecurity solutions. Additionally, as a small company, Mobilicom faces resource constraints in competing against well-funded technology giants who may develop competing solutions.
Competitive moat
Mobilicom's competitive moat appears relatively narrow, typical of many small technology companies in rapidly evolving markets. The company's primary defensive position stems from its specialized expertise in drone and robotics cybersecurity, an area requiring deep technical knowledge of both autonomous systems and security protocols. This specialization creates some barriers to entry for generalist technology companies. The company benefits from early-mover advantages in a niche but growing market, having developed relationships with drone manufacturers and accumulated practical experience in securing autonomous systems. Additionally, the critical nature of cybersecurity in drone operations means that once customers validate and integrate Mobilicom's solutions, there are moderate switching costs due to the complexity of changing security systems. However, Mobilicom's moat faces significant threats. Large technology companies like Microsoft, Amazon, or established defense contractors have substantially greater resources and could develop competing solutions relatively quickly. The cybersecurity industry is characterized by rapid technological change, meaning that today's cutting-edge solutions can become obsolete quickly. Furthermore, as the drone security market grows and becomes more standardized, larger players may acquire smaller specialists or develop in-house capabilities. The company's small size and limited resources also constrain its ability to invest heavily in research and development to stay ahead of competitors. Without strong intellectual property protection or exclusive partnerships, Mobilicom's competitive advantages may prove temporary as the market matures and attracts more sophisticated competitors.
Risks & safety
Mobilicom presents a mixed margin of safety profile typical of early-stage technology companies with limited revenue but substantial cash reserves. • Liquidity position: Strong with $8.6 million in cash and short-term investments as of Q4 2024, providing significant runway given current burn rates • Debt levels: Minimal debt with debt-to-equity ratio of only 0.056, indicating low financial leverage and solvency risk • Cash burn: Concerning with negative operating cash flow of $3.2 million for FY 2024 and free cash flow of -$3.2 million, though the company has sufficient cash for approximately 2-3 years at current burn rates • Current ratio: Excellent at 7.3, indicating strong short-term liquidity position • Valuation metrics: Difficult to assess traditional metrics due to negative earnings; trading at 7.7x book value which appears elevated for a loss-making company • Revenue volatility: Significant quarterly revenue fluctuations suggest an unstable business model still in development phase • Other considerations: The company's small size and limited operating history create additional risks, though the substantial cash position provides time to execute on growth plans
Recent development
Based on available financial data, Mobilicom has been navigating a challenging transition from startup to established company since its 2022 IPO. The company has experienced significant revenue volatility, with annual revenue declining from $2.3 million in 2022 to $1.4 million in 2023, before recovering to $3.2 million in 2024. This pattern suggests the company is still working to establish consistent customer relationships and recurring revenue streams. The most notable development has been the company's substantial cash burn increase, with operating losses expanding from $236,000 in 2022 to over $8 million in 2024. This suggests Mobilicom has been investing heavily in research and development, sales and marketing, or operational expansion to capture market opportunities in the growing drone security sector. Despite revenue growth in 2024, the company continues to operate at significant losses, indicating it has not yet achieved the scale necessary for profitability. The substantial cash reserves suggest management is prioritizing growth and market positioning over near-term profitability, which is common for technology companies in emerging markets. The company's balance sheet has remained relatively strong throughout this period, maintaining minimal debt levels and substantial cash reserves, providing financial flexibility to continue operations and strategic investments. However, the increasing cash burn rate suggests the company will need to demonstrate revenue growth and path to profitability to maintain investor confidence and avoid future dilutive fundraising.
MOB company profile · for informational purposes only — not investment advice.
Track MOB with Drillr
SEC filings, earnings calls, insider activity, alt-data signals — all queryable through Drillr's AI terminal and MCP API.
Try Drillr for free