Mobix Labs Announces Mid-Quarter Business Update; Projects Greater Than 250% Revenue Growth Over Prior Quarter
Portfolio Pulse from Benzinga Newsdesk
Mobix Labs, Inc. (NASDAQ:MOBX), a fabless semiconductor company, announced a mid-quarter business update projecting over 250% revenue growth from the previous quarter. This growth is attributed to an expanding customer base and the successful acquisition of EMI Solutions, which has significantly contributed to the revenue increase. The company expects to surpass $1 million in revenue this quarter. Demand for Mobix Labs' products, including filtered connectors and flex assemblies, remains strong, driven by key programs like the Tomahawk and Javelin Missile Systems, and the Abrams Tank Army contract.
March 11, 2024 | 1:05 pm
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Mobix Labs projects over 250% revenue growth from the previous quarter, largely due to the acquisition of EMI Solutions and an expanding customer base. The company's products, especially in military applications, are seeing robust demand.
The projected revenue growth of over 250% for Mobix Labs is a significant indicator of the company's current financial health and future prospects. The successful acquisition of EMI Solutions and the expanding customer base, especially in high-value sectors like military applications, suggest a strong upward trajectory for MOBX. This news is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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