From GlobeNewswire: 2025-03-27 16:15:00

Mobilicom Limited reports strong financial results for 2024, with revenue increasing by 45% to $3.2 million and gross margins at 58%. Recent wins, such as joining the DoD’s Blue UAS Framework, are expected to drive further growth. The company also boasts a healthy cash position of $8.6 million with a low burn rate.

Operational highlights include partnerships with Aitech Systems and DT Research, along with multiple production-scale orders for cybersecure datalinks and software. The company’s MCU-30 Mobile MESH product was selected for integration into perimeter protection drone fleets. These successes position Mobilicom as a leader in the cybersecurity solutions market for drones and robotics.

Mobilicom’s EBITDA improved by 18% in 2024, narrowing the operating net cash burn rate. The company’s annual report, filed with the SEC, provides detailed financial information for investors. With a focus on leveraging innovation and strategic partnerships, Mobilicom aims to further expand gross margins and drive order growth in 2025.

Management believes that non-IFRS financial measures provide a clearer picture of Mobilicom’s core operations and performance. EBITDA, a key metric, improved in 2024, reflecting the company’s financial health. The condensed consolidated statements of profit or loss and financial position offer detailed insights into Mobilicom’s financial performance and position.



Read more at GlobeNewswire:: Mobilicom Reports 2024 Year-End Financial Results: Record