Mobix Labs, Inc.
- Open
- 1.92
- Day high
- 2.17
- Day low
- 1.85
- Prev close
- 1.97
- Volume
- 1.3M
- Mkt cap
- $22M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 2.4
- P/S
- 3.1
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$245K over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions accumulating (13F)
Mobix Labs, Inc. (MOBX) is a Technology company listed on NASDAQ. The stock is down 73% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
Mobix Labs, Inc. (MOBX) 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.
MOBX earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 20, 2026 | — | $-0.59 | — | $970000 | — |
| Feb 12, 2026 | — | $-0.16 | — | $2M | — |
| Aug 13, 2025 | — | $-0.17 | — | $2M | — |
| May 15, 2025 | — | $-0.06 | — | $3M | — |
| Feb 18, 2025 | — | $-0.52 | — | $3M | — |
| Dec 19, 2024 | — | $-0.35 | — | $3M | — |
| Aug 14, 2024 | — | $-0.25 | — | $2M | — |
| Feb 20, 2024 | — | $0.04 | — | $285000 | — |
MOBX insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 15, 2026 | SAMINI KEYVANdirector, officer: President, CFO & Director | Sell | 3 | $2.14 |
| Jun 15, 2026 | SAMINI KEYVANdirector, officer: President, CFO & Director | Sell | 112,110 | $1.98 |
| May 4, 2026 | Busch Kurtdirector | Grant | 14,805 | — |
| May 4, 2026 | LONG MICHAEL Jdirector | Grant | 14,805 | — |
| May 4, 2026 | Carpou Billdirector | Grant | 5,000 | — |
| May 4, 2026 | Carpou Billdirector | Grant | 14,805 | — |
| May 4, 2026 | ALDRICH DAVID Jdirector | Grant | 5,000 | — |
| May 4, 2026 | ALDRICH DAVID Jdirector | Grant | 14,805 | — |
| May 4, 2026 | Goerner Frederick Cdirector | Grant | 5,000 | — |
| May 4, 2026 | Goerner Frederick Cdirector | Grant | 14,805 | — |
| May 4, 2026 | Peterson James Jdirector, 10 percent owner: | Grant | 5,000 | — |
| May 4, 2026 | Peterson James Jdirector, 10 percent owner: | Grant | 14,805 | — |
| May 4, 2026 | Busch Kurtdirector | Grant | 5,000 | — |
| May 4, 2026 | LONG MICHAEL Jdirector | Grant | 5,000 | — |
| May 4, 2026 | SANSONE PHILIPdirector, officer: Chief Executive Officer | Sell | 9,541 | $2.35 |
Source: MOBX SEC Form 4 filings, latest Jun 15, 2026. For informational purposes only — not investment advice.
See the full MOBX insider & 13F page →Mobix Labs, Inc. company profile
Overview
Mobix Labs, Inc. (NASDAQ:MOBX) is a fabless semiconductor company founded in 2020 and based in Irvine, California. The company went public in August 2021 and operates as a subsidiary of YDENS HOLDINGS, LLC. Mobix Labs specializes in developing wireless and connectivity solutions for next-generation communication systems, with a particular focus on 5G infrastructure, aerospace and defense applications, and high-bandwidth connectivity solutions.
Business
Mobix Labs operates in the semiconductor industry, specifically focusing on three main product segments that address critical connectivity and communication challenges in modern technology infrastructure. The company's True5G chipset solutions represent their core wireless communication technology, designed to enable the deployment of C-Band and millimeter wave (mmWave) 5G networks. These chipsets are essential components that allow telecommunications equipment to operate at the high frequencies required for 5G's enhanced speed and capacity. The 5G market requires specialized semiconductors that can handle extremely high-frequency signals while maintaining signal integrity and power efficiency. Their True Xero active optical cables and related products provide fiber optic connectivity solutions for applications requiring high-bandwidth data transmission. These cables are critical for connecting various systems in 5G infrastructure, autonomous vehicles, professional audio/video equipment, augmented and virtual reality systems, and remote medical devices. Active optical cables contain electronic components that amplify and process optical signals, enabling longer transmission distances and higher data rates compared to traditional copper cables. The third major product line consists of electromagnetic interference (EMI) filters and interconnect solutions deployed primarily in aerospace, military, defense, medical, and healthcare applications. EMI filters are crucial components that prevent electronic interference between different systems, which is particularly important in mission-critical applications where signal integrity can be a matter of life and death. The company has developed specialized filtered connectors, including ARINC connectors used in aviation electronics. Revenue distribution shows the EMI interconnect solutions have become increasingly important, with the company securing significant bookings in aerospace and defense markets, including deployments in U.S. Army Apache and Chinook helicopters.
Revenue model
Mobix Labs generates revenue through direct product sales of its semiconductor solutions and related hardware to customers across multiple industries. The company operates on a fabless model, meaning they design the semiconductors but outsource the actual manufacturing to third-party foundries, which helps reduce capital expenditure requirements but creates dependency on manufacturing partners. The primary revenue streams come from selling chipsets to telecommunications equipment manufacturers for 5G infrastructure deployment, active optical cables to companies building high-bandwidth systems, and EMI filters to aerospace and defense contractors. The company's customers include telecommunications equipment manufacturers, aerospace and defense contractors, automotive companies developing autonomous vehicle systems, and medical device manufacturers. Several factors significantly impact the company's margins and revenue potential. Geopolitical tensions have created increased demand for aerospace and defense applications, as noted in recent earnings calls, providing a tailwind for their EMI interconnect solutions. The 5G infrastructure buildout represents a major growth opportunity, though this market is highly competitive and cyclical based on carrier capital expenditure cycles. Manufacturing costs represent a significant margin pressure, as the company must rely on third-party foundries whose pricing can fluctuate based on capacity utilization and raw material costs. The company's gross margins have improved from around 40% to over 50% recently, indicating better product mix optimization and potential pricing power in specialized applications. Research and development intensity is extremely high in the semiconductor industry, requiring continuous investment to stay competitive. The company's R&D expenses significantly exceed their current revenue, which is typical for early-stage semiconductor companies but creates substantial cash burn. Customer concentration risk also affects margins, as large customers often demand volume discounts, while smaller specialized applications may command premium pricing.
Competitive moat
Mobix Labs operates in a highly competitive semiconductor market with limited sustainable competitive advantages. The company's primary moat appears to be its specialized technical expertise in high-frequency wireless communications and EMI filtering, particularly for mission-critical applications in aerospace and defense where reliability and performance standards are exceptionally high. The company has developed some intellectual property around its True5G chipset technology and EMI filtering solutions, and has secured research partnerships with institutions like the University of Massachusetts at Lowell. However, the semiconductor industry is characterized by rapid technological change, and patents in this space often have limited duration of competitive protection. In the aerospace and defense segment, Mobix Labs benefits from regulatory barriers and certification requirements that create switching costs for customers. Once a component is certified and integrated into military or aviation systems, customers are reluctant to change suppliers due to the extensive testing and approval processes required. This creates some customer stickiness, though it's not an insurmountable barrier for well-funded competitors. The company's moat is relatively weak overall. The 5G chipset market faces intense competition from much larger players like Qualcomm, Broadcom, and other established semiconductor giants with vastly superior resources. In the active optical cable space, companies compete primarily on price and technical specifications, with limited differentiation. The EMI filtering market, while more specialized, still faces competition from established players with longer track records and deeper customer relationships. Potential disruption could come from larger semiconductor companies deciding to enter Mobix's niche markets, new wireless communication standards that obsolete current 5G technology, or alternative connectivity solutions that bypass the need for their products entirely. The company's small size and limited resources make it vulnerable to competitive pressure from better-funded rivals.
Risks & safety
Mobix Labs presents significant financial risk with very limited margin of safety for investors. **Liquidity Crisis**: The company has only $405,000 in cash as of Q1 2025, while burning approximately $930,000 per quarter in operating cash flow. With current liabilities of $28.4 million versus current assets of only $3.8 million, the current ratio of 0.13 indicates severe liquidity constraints and potential inability to meet short-term obligations. **Debt and Solvency**: Total liabilities of $40.3 million exceed total assets of $37.3 million, creating negative book value. The company is technically insolvent from a balance sheet perspective. **Valuation Metrics**: With negative earnings and EBITDA, traditional valuation metrics are not applicable. The company trades at approximately 5.6x revenue based on recent quarters, which appears expensive given the financial distress. **Other Considerations**: The company has acknowledged pursuing additional financing and considering strategic acquisitions, suggesting management recognizes the precarious financial position. However, any equity financing at current levels would be highly dilutive to existing shareholders.
Recent development
Over the past few years, Mobix Labs has undergone significant strategic evolution, transitioning from a pure-play 5G chipset company to a more diversified connectivity solutions provider with increasing focus on aerospace and defense markets. The company's most significant recent development is its aggressive acquisition strategy, highlighted by the announced letter of intent to acquire Spacecraft Components Corp and SCP Manufacturing. This acquisition is designed to combine Spacecraft's manufacturing capabilities with Mobix's go-to-market strategy, potentially creating operational synergies and expanding their presence in the aerospace and defense sectors. Product line expansion has been substantial, with the company successfully launching filtered ARINC connectors and securing significant bookings for next-generation aircraft electronics. The deployment of their connectors in U.S. Army Apache and Chinook helicopters represents a major validation of their technology in mission-critical applications. The company has also developed multi-spectral imaging and detection (MSID) capabilities, expanding beyond traditional connectivity into advanced sensing applications. Research and development initiatives have intensified, with Mobix Labs receiving a Phase 1 SBIR grant from the U.S. Department of Defense for developing low-power satellite communication chips. Their partnership with the University of Massachusetts at Lowell focuses on infrastructure imaging and satellite communication solutions, indicating a strategic push into emerging applications. The company has also begun exploring opportunities in the AI and GPU ecosystem, with management expressing interest in potential partnerships with companies like NVIDIA, particularly for high-bandwidth and high-demand applications. This represents a potential pivot toward serving the rapidly growing artificial intelligence infrastructure market. Financial performance has shown improvement, with revenue growing from $1.2 million in FY 2023 to $6.4 million in FY 2024, representing 426% growth. Gross margins have improved from around 40% to over 50%, indicating better product mix optimization and potential pricing power in specialized applications.
MOBX company profile · for informational purposes only — not investment advice.
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