Mobix Labs, Inc. Q1 FY2025 earnings call

• Acquired Spacecraft Components Corp and SCP Manufacturing to strengthen aerospace and defense markets, expected to enhance efficiency, margins, and profitability.
• EMI Interconnect Solutions' Filtered ARINC Connectors saw growing demand, with bookings for high-performance connectors and deployment in U.S. Army helicopters.
• RaGE Systems awarded Phase 1 SBIR grant for satellite communications project with University of Massachusetts at Lowell.
• Robust demand for millimeter wave imaging and security detection products, with partnerships and research collaborations advancing technologies.

In fiscal Q1 2025, Mobix Labs delivered revenue of $3.17 million, exceeding guidance. The EMI Interconnect Solutions products line is a high growth engine, with the mid-2024 launch of Filtered ARINC Connectors setting a new industry standard. The RaGE Systems product group is a powerful growth driver, with a Phase 1 SBIR grant awarded for satellite communications development. Revenue grew 7.3% sequentially and 11-fold year-over-year.

• Withheld revenue guidance for Q2 2025 due to near-term variability from acquisition strategy and sales cycles.
• Long-term objectives: achieve gross margin of 60% and adjusted operating margin of 30%, with disciplined cost management as revenue scales.

• Forward-looking statements subject to risks and uncertainties outlined in SEC filings, including those in Form 10-Q and Form S-1.

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