MOB

MKT CAP:$70M

Mobilicom Ltd

Market Cap

$70M

Technology·Communication Equipment·🇦🇺 Australia·NASDAQ

Technology·Communication·🇦🇺·NASDAQ

Stock Price

$6.04-$0.75 (-11.05%)

Apr 23, 2026

Company Details

Mobilicom Limited operates as an end-to-end provider of cybersecurity and smart solutions for drones, robotics, and autonomous platforms. It designs, develops, and delivers smart solutions for drone, robotics, and autonomous system manufact...

CEO

Oren Elkayam

IPO Date

Aug 25, 2022

Website

www.mobilicom-ltd.com.au

Key Metrics TTM

Revenue

$5M

+12.5% YoY

Net Income

-$2M

EPS (Diluted)

-$0.41

Free Cash Flow

-$7M

Revenue / Share

$0.63

Gross Margin

57.7%

Operating Margin

-220.4%

Net Margin

-48.3%

FCF Margin

-137.1%

P/S

14.8x

P/E

—

Earnings Reports

Q2 2025

Aug 12, 2025

$1M-25.1%EPS $0.00

FY 2024

Mar 27, 2025

$3MEPS -$1.32

Q2 2024

Sep 9, 2024

$2M+232.1%EPS -$0.31

Q2 2023

Jun 30, 2023

$583.4K-35.6%EPS -$0.32

FY 2022

Mar 30, 2023

$1M-57.0%EPS -$0.10

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 18	$1M	$804.9K	-$1M
Q4 18	$879.0K	$606.2K	-$2M
Q2 19	$1M	$877.2K	-$1M
Q4 19	$1M	$807.1K	-$2M
Q2 20	$795.8K	$532.8K	-$1M
Q4 20	$617.5K	$382.7K	-$1M
Q2 21	$2M	$1M	-$906.2K
Q4 21	$1M	$754.1K	-$2M
Q2 22	$905.4K	$541.1K	-$2M
Q4 22	$779.5K	$525.9K	-$3M
Q2 23	$583.4K	$340.7K	-$3M
Q2 24	$2M	$1M	-$2M
Q2 25	$1M	$797.2K	-$3M

Valuation

Quarter	P/S	P/E
Q2 18	—	—
Q4 18	—	—
Q2 19	—	—
Q4 19	1.5x	—
Q2 20	1.6x	—
Q4 20	1.7x	—
Q2 21	1.6x	—
Q4 21	1.6x	—
Q2 22	1.6x	—
Q4 22	1.2x	—
Q2 23	2.2x	—
Q2 24	1.5x	—
Q2 25	4.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 18	-$1M	-$1M
Q4 18	-$1M	-$1M
Q2 19	-$1M	-$1M
Q4 19	-$1M	-$1M
Q2 20	-$613.7K	-$613.7K
Q4 20	-$918.8K	-$918.8K
Q2 21	-$492.6K	-$496.9K
Q4 21	-$828.7K	-$846.8K
Q2 22	-$946.1K	-$954.1K
Q4 22	-$2M	-$2M
Q2 23	-$2M	-$2M
Q2 24	-$1M	-$1M
Q2 25	-$2M	-$2M

Capital Expenditures

Quarter	CapEx
Q2 18	$5.4K
Q4 18	$20
Q2 19	$108.4K
Q4 19	$17.9K
Q2 20	$2
Q4 20	$2
Q2 21	$4.3K
Q4 21	$18.0K
Q2 22	$8.1K
Q4 22	$9.8K
Q2 23	$9.5K
Q2 24	$20.9K
Q2 25	$13.6K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 20	-27.6%	-12.1%
Q4 20	-29.8%	-23.3%
Q2 21	+24.3%	-6.2%
Q4 21	+0.5%	-8.3%
Q2 22	+13.8%	+34.8%
Q4 22	+26.2%	+88.6%
Q2 23	-62.4%	+41.1%
Q2 24	+68.9%	+57.3%
Q2 25	+60.2%	+50.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 18	$0	0.0%
Q4 18	$0	0.0%
Q2 19	$0	0.0%
Q4 19	$0	0.0%
Q2 20	$0	0.0%
Q4 20	$0	0.0%
Q2 21	$0	0.0%
Q4 21	$0	0.0%
Q2 22	$0	0.0%
Q4 22	$0	0.0%
Q2 23	$0	0.0%
Q2 24	$0	0.0%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q2 18	$961.7K	$1M
Q4 18	$1M	$1M
Q2 19	$1M	$1M
Q4 19	$1M	$1M
Q2 20	$896.7K	$859.3K
Q4 20	$760.7K	$852.3K
Q2 21	$858.6K	$1M
Q4 21	$923.0K	$1M
Q2 22	$787.4K	$2M
Q4 22	$1M	$2M
Q2 23	$1M	$2M
Q2 24	$1M	$2M
Q2 25	$1M	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 18	$6M	$0	$6M
Q4 18	$4M	$0	$4M
Q2 19	$7M	$0	$7M
Q4 19	$3M	$0	$3M
Q2 20	$4M	$0	$4M
Q4 20	$2M	$0	$2M
Q2 21	$5M	$0	$5M
Q4 21	$3M	$0	$3M
Q2 22	$2M	$0	$2M
Q4 22	$21M	$0	$21M
Q2 23	$11M	$0	$11M
Q4 23	$9M	$0	$9M
Q2 24	$7M	$0	$7M
Q4 24	$9M	$0	$9M
Q2 25	$7M	$0	$7M
Q4 25	$19M	$0	$19M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 18	1M	—	—
Q4 18	791K	-45.4%	—
Q2 19	2M	+95.2%	—
Q4 19	2M	+11.4%	—
Q2 20	2M	0.0%	+18.7%
Q4 20	938K	-45.5%	+18.6%
Q2 21	2M	+94.3%	+18.0%
Q4 21	1M	-35.8%	-31.9%
Q2 22	1M	0.0%	-31.9%
Q4 22	2M	+106.3%	+157.5%
Q2 23	5M	+100.2%	+165.3%
Q2 24	6M	+17.0%	+383.3%
Q2 25	8M	+33.0%	+542.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 18	—	—
Q4 18	—	—
Q2 19	—	—
Q4 19	—	—
Q2 20	—	—
Q4 20	—	—
Q2 21	—	—
Q4 21	—	—
Q2 22	—	—
Q4 22	—	—
Q2 23	—	—
Q2 24	$60.5K	32
Q2 25	$41.4K	35

Revenue / Employee