Mobix Labs Shares Mid-Quarter Business Update; Projects Revenue Increase Of More Than 70% Sequential Growth To More Than $2M
Portfolio Pulse from Benzinga Newsdesk
Mobix Labs Inc. (NASDAQ:MOBX) projects a revenue increase of over 70% sequentially to more than $2 million, driven by the successful acquisition of RaGE Systems. The company anticipates further growth through strategic acquisitions and robust product sales.
June 10, 2024 | 8:08 pm
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Mobix Labs Inc. (NASDAQ:MOBX) is projecting a significant revenue increase of over 70% sequentially to more than $2 million this quarter, largely due to the acquisition of RaGE Systems. The company expects continued growth through strategic acquisitions and strong product sales.
The projected revenue increase of over 70% is a strong positive indicator for Mobix Labs' financial health. The successful acquisition of RaGE Systems has significantly contributed to this growth, and the company's strategy of further acquisitions and robust product sales suggests sustained positive momentum.
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