Mobix Labs Announces Annual Revenue Of More Than $6.4M Increases 426% Compared To Fiscal 2023; Mobix Labs Expects That Its Revenue For The Quarter Ending September 30, 2024 Will Exceed $2.9M
Portfolio Pulse from Benzinga Newsdesk
Mobix Labs Inc. (NASDAQ:MOBX) reported a significant annual revenue increase of 426% to over $6.4 million compared to fiscal 2023. The company anticipates its revenue for the quarter ending September 30, 2024, to exceed $2.9 million, driven by demand for defense application products.
October 15, 2024 | 12:15 pm
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Mobix Labs reported a 426% increase in annual revenue to over $6.4 million, with expectations for Q4 2024 revenue to exceed $2.9 million, driven by defense products.
The significant increase in annual revenue and positive outlook for the upcoming quarter suggest strong business performance and growth potential, likely leading to a positive short-term impact on MOBX stock price.
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