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Mobilicom (NASDAQ: MOB - Get Free Report) is expected to be releasing its results before the market opens on Monday, March 16th. Analysts expect Mobilicom to post earnings of ($0.57) per share and revenue of $3.5490 million for the quarter. Mobilicom Stock Down 4.3% Shares of NASDAQ MOB opened at $5.58 on Friday. The stock's 50-day

March 23, 2026 16:06 ET  | Source: Mobilicom Limited

A Mobilicom Tier-1 defense customer won a U.S. Department of War (DoW) Program of Record, indicating a potential production scale orders for the next 5 years 

Cash and cash equivalents surge 120% to $19.1 million following $12.6 million in 2025 warrants exercise and equity raises

With revenues up year-over-year at $3.4 million, monthly operating cash burn was cut by 41% to ~$159K — lowest in Company history — with zero-debt on balance sheet

Launch of industry-first Secured Autonomy™ cybersecurity framework, multiple new design wins across Europe, Middle East and South Asia, and expanded U.S. Tier-1 drone production-scale orders drive multi-market momentum

Webcast scheduled for 4:30 pm EST today

PALO ALTO, Calif., March 23, 2026 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, MOBBW) (“Mobilicom” or the “Company”), a provider of cybersecurity and robust solutions for drones and robotics, today announced reported financial results for the year ended December 31, 2025.

“2025 marked another year of strong growth and strategic progress for Mobilicom,” said Mobilicom Founder and CEO Oren Elkayam. “We expanded relationships with Tier-1 customers, secured multiple design wins across global defense and robotics markets, and introduced our Secured Autonomy™ framework—an industry-first cybersecurity solution designed to protect mission-critical autonomous systems. Together with Aitech, we also delivered the first AI-powered Secured Autonomy computing systems, further strengthening our position in secure autonomous platforms and positioning Mobilicom to potentially capture greater recurring software revenue as the autonomy market continues to accelerate. With our differentiated technology, expanding customer base, and growing product pipeline, we believe we are well positioned to drive continued growth and long-term shareholder value.”

Operational Highlights and Recent Business Developments

During 2025, Mobilicom continued to expand its global presence and deepen engagement with leading defense, drone, and robotics manufacturers through new design wins, follow-on production orders, and technology partnerships.

One of Mobilicom’s Tier-1 Customers Wins U.S. DoW Program of Record—Purchase Orders for Mobilicom’s Systems Expected to Accelerate

The Tier-1 customer’s contract win is part of a $249 million program which has commenced production and deploymentsMobilicom is the customer’s datalinks provider and its SkyHopper PRO and ICE Cybersecurity Suite are essential components of the Tier-1 customer’s small-sized loitering drones which went through years of rigorous testing leading to the Program of Record awardDoW Programs of Record are funded acquisition programs for systems that have been formally approved and recorded in the Future Years Defense Program (FYDP); These programs have a budget, and therefore provide funding certainty, typically with a 5-year term.Mobilicom expects a rise in system orders over the next five years as the customer boosts production for this Program of Record. We expect the program budget to increase significantly, since it was set four years ago, before the surge in demand for loitering munitions caused by conflicts in Ukraine and the Middle East.Mobilicom believes that securing an initial Program of Record establishes a critical incumbency advantage, positioning our Tier-1 customer to capture future large-scale orders from the DoW and allied nations. We anticipate that this initial success will serve as a catalyst for additional Program of Record wins, driving sustained, long-term demand for Mobilicom’s embedded systems. Growing Tier-1 Customer Confidence Drives Follow-On Production Orders and Expanded Deployments

A Tier-1 U.S. drone manufacturer, one of the largest manufacturers of small-sized drones, continued to place production orders in 2025, scaling from few hundreds of thousands to $1.55 million as released in September 2025— reflecting deepening integration of Mobilicom's SkyHopper PRO cybersecure datalinks into its scaling production programs and continued momentum with leading U.S. defense and commercial customersReceived a follow-on production order from an Asia-based Tier-1 robotics manufacturer, reflecting ongoing integration of Mobilicom's cybersecure solutions into commercial robotics platforms at scaleMobilicom's Ground Control Stations were selected by one of Israel's largest defense contractors for integration into remote-controlled weapon system platforms — demonstrating the growing applicability of Mobilicom's solutions beyond UAS into broader autonomous and remote weapons systems New International Design Wins Across Europe, Middle East and South Asia Extend Mobilicom's Global Footprint

Secured a design win and initial order with an Israel-based drone manufacturer to integrate Mobilicom's cybersecure systems into a new ISR drone platform designated for deployment in India — marking Mobilicom's entry into the South Asian defense marketSecured a design win and initial order from a United Arab Emirates-based defense manufacturer — new customer engagement in the UAE — expanding the Company's presence in the rapidly growing Middle Eastern defense marketExpanded presence in the European Union with a new customer design win for Mobilicom's cybersecure systems to be deployed in critical infrastructure protection and perimeter security applications, reflecting growing European demand for autonomous security platforms Industry-First Secured Autonomy™ Framework and AI-Powered Computing Partnerships Establish Mobilicom as the Standard for Autonomous System Cybersecurity

Launched Secured Autonomy™, the industry’s first comprehensive cybersecurity framework designed specifically to protect autonomous drones and robotics platforms from cyber threatsLaunched the industry-first Secured Autonomy™ compute system in partnership with Aitech Systems, a prominent player in rugged embedded computing and prime contractor to leading U.S. defense companies, combining Mobilicom's cybersecurity and autonomy software with NVIDIA-based AI computing platforms — delivering an innovative, field-deployable AI-powered secured autonomy solution for defense and commercial UASExpanded the SkyHopper product family with the launch of SkyHopper MultiBand — the Company's latest SDR datalink delivering wider spectrum coverage, extended operational range, and enhanced resilience against electronic warfare threats, further strengthening Mobilicom's end-to-end solutions for mission-critical autonomous platforms Corporate Developments

Completed the transition from American Depositary Shares (ADSs) to a direct listing of Mobilicom's ordinary shares on the Nasdaq Capital Market, simplifying the Company's capital structure, broadening accessibility for U.S. investors, and strengthening the foundation for long-term Nasdaq-based growth Financial Highlights for the Quarter and Year Ended December 31, 2025

Fourth quarter 2025 revenues were $926,000, reflecting continued growth in the Company’s revenue run-rateRevenues grew to $3.4 million for the twelve months ended December 31, 2025, an increase of 7% compared to the previous year driven by growing Tier-1 customer relationships and expanding global deployments across defense and commercial autonomous platformsOperating cash burn narrowed 41% to $1.9 million annually — or approximately $159,000 per month — compared to $3.2 million, or $267K,000 per month, in 2024, reflecting the Company's focus on capital-efficient growth and demonstrating a clear path to positive operating cash flowGross margin of 53% on hardware reflects strong IP-based technology value while supporting higher-volume production ordersRecord cash position of $19.1 million as of December 31, 2025 — more than double the $8.7 million held at end of 2024 — following $12.6 million in warrants exercise and equity capital raised during the year, providing a strong liquidity foundation to execute the Company's growth strategyEBITDA was approximately $(4.0) million for the twelve months ended December 31, 2025, compared to $(3.2) million in the prior yearClean, debt-free balance sheet with no loans, no credit lines, and no convertible debt, providing Mobilicom with strategic and financial flexibility Conference Call & Webcast Info:

Monday, March 23, 2026, at 4:30 pm ESTUS Dial-In:833 548 0276 (89959667760#,*226028#) US Toll Free 833 548 0282 (89959667760#,*226028#) US Toll FreeA live webcast will be available at: HEREA recording of the webcast will be available in the "NEWS & MEDIA" section under ir.mobilicom.com website for those unable to join the live event.
A copy of Mobilicom’s annual report on Form 20-F for the year ended December 31, 2025, has been filed with the U.S. Securities and Exchange Commission at https://www.sec.gov/ and posted on Mobilicom’s investor relations website at https://ir.mobilicom.com/. Mobilicom will deliver a hard copy of its annual report, including its complete audited consolidated financial statements, free of charge, to its shareholders upon request at [email protected]

About Mobilicom
Mobilicom is a leading provider of cybersecure robust solutions for the rapidly growing defense and commercial drones and robotics market. Mobilicom’s large portfolio of field-proven technologies includes cybersecurity, software, hardware, and professional services that power, connect, guide, and secure drones and robotics. Through deployments across the globe with over 50 customers, including the world’s largest drone manufacturers, Mobilicom’s end-to-end solutions are used in mission-critical functions.

For investors, please use https://ir.mobilicom.com/  
For company, please use www.mobilicom.com

Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. For example, the Company is using forward-looking statements when it discusses its anticipation for additional Program of Record wins, driving sustained, long-term demand for the Company’s embedded systems. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company’s filings with the Securities and Exchange Commission.

Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.

For more information on Mobilicom, please contact:

Liad Gelfer
Mobilicom Ltd
[email protected]

Use of Non-IFRS Financial Information

In addition to disclosing financial results calculated in accordance with the International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board, this release also contains non-IFRS financial measures, which Mobilicom believes are the principal indicators of the operating and financial performance of its business.

Management believes the non-IFRS financial measures provided are useful to investors' understanding and assessment of Mobilicom’s ongoing core operations and prospects for the future, as the charges eliminated are not part of the day-to-day business or reflective of the core operational activities of the company. Management uses these non-IFRS financial measures as a basis for strategic decisions, and evaluating the Company's current performance. The presentation of these non-IFRS financial measures is not intended to be considered in isolation from, or as a substitute for, or superior to, operating loss and or net income (loss) or any other performance measures derived in accordance with IFRS or as an alternative to net cash provided by operating activities or any other measures of our cash flows or liquidity.

EBITDA is a non-IFRS financial measure that is defined as earnings before interest, taxes, depreciation, amortization, and other non-cash or one-time expenses. 

Mobilicom LimitedCondensed Consolidated Statements of Profit or Loss  $ $ For the twelve
months ended,
December 31, For the twelve
months ended,
December 31,  2025   2024 Revenue$3,363,538  $3,180,565 Cost of sales 1,575,057   1,348,711 Gross margin 1,788,481   1,831,854     Operating Expenses   Selling and marketing expenses 3,327,496   1,965,426 Research and development, net 4,668,120   1,939,691 General and administration expenses 3,884,231   1,970,849 Total operating expenses 11,879,847   5,875,966     Operating loss (10,091,366)  (4,044,112)    Financial expenses, net (13,708,344)  (3,805,444)    Loss before income tax$(23,799,710) $(7,849,556)    Tax income (expenses) 74,760   (160,802)    Net loss$(23,724,950) $(8,010,358)    Net loss per share - basic and diluted (2.68)  (1.32)    Weighted average shares outstanding - basic and diluted 8,850,959   6,076,046  Mobilicom LimitedReconciliation table of EBITDA to Loss after income tax expenses     $ $ For the twelve
months ended,
December 31, For the twelve
months ended,
December 31,  2025   2024 Net loss$(23,724,950) $(8,010,358)Financial expenses, net 13,708,344   3,805,444 Depreciation and amortization 248,980   245,859 Share-based compensation 5,860,976   610,395 Income tax expense (74,760)  160,802 EBITDA$(3,981,410) $(3,187,858)     Mobilicom LimitedCondensed Consolidated Statements of Financial Position     $ $ December 31, December 31,  2025   2024 Assets           Current assets   Cash and cash equivalents$19,003,784  $8,589,282 Restricted cash 108,549   97,108 Trade and other receivables, net 348,050   949,225 Inventories 740,045   892,882 Total current assets 20,200,428   10,528,497     Non-current assets   Property, plant and equipment, net 99,581   81,420 Right-of-use assets 435,497   232,868 Total non-current assets 535,078   314,288     Total assets$20,735,506  $10,842,785        $
December 31,
2025   $
December 31,
2024 Liabilities       Current liabilities   Trade and other payables$2,159,596  $1,233,654 Lease liabilities 212,851   211,265 Total current liabilities 2,372,447   1,444,919     Non-current liabilities   Lease liabilities 224,297   16,028 Employee benefits 234,133   200,604 Governmental liabilities on grants received 1,424   12,468 Financial liability 9,079,707   5,140,921 Total non-current liabilities 9,539,561   5,370,021     Total liabilities 11,912,008   6,814,940     Net assets$8,823,498  $4,027,845     Equity       Issued capital 60,145,100   34,837,206 Reserves 2,794,750   (417,959)Accumulated losses (54,116,352)  (30,391,402)    Total equity$8,823,498  $4,027,845 

April 14, 2026 08:35 ET  | Source: Mobilicom Limited

Driving Mobilicom’s expansion in the growing Asia-Pacific market for unmanned systems

Palo Alto, California, April 14, 2026 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, MOBBW) (“Mobilicom” or the “Company”), a provider of cybersecurity and robust solutions for drones and robotics, today announced it has secured an initial order from a new customer in the Asia-Pacific (APAC) region. The design win includes an order for Mobilicom’s end-to-end systems that will be integrated into an Intelligence, Surveillance and Reconnaissance (ISR) drone platform, expanding Mobilicom’s global footprint into a new and strategic market.

The customer selected Mobilicom’s 10” Ground Control System (GCS), SkyHopper PRO and SkyHopper Multiband datalinks, providing highly robust, secure, and resilient communications purpose-built for demanding ISR mission requirements. The combination of these technologies aims to deliver the advanced ground-to-air connectivity, multi-band flexibility, and operational reliability required for ISR drone deployments in complex and challenging environments.

“This new customer win in the APAC region is a significant example of our progress in diversifying our global presence,” said Oren Elkayam, CEO of Mobilicom. “As the demand for sophisticated ISR capabilities grows globally, Tier-1 platform providers are seeking the trusted, cybersecure, and field-proven technologies that Mobilicom provides, and we believe this initial integration will pave the way for follow-on opportunities as these platforms are deployed.”

About Mobilicom

Mobilicom is a leading provider of cybersecure robust solutions for the rapidly growing defense and commercial drones and robotics market. Mobilicom’s large portfolio of field-proven technologies includes cybersecurity, software, hardware, and professional services that power, connect, guide, and secure drones and robotics. Through deployments across the globe with over 50 customers, including the world’s largest drone manufacturers, Mobilicom’s end-to-end solutions are used in mission-critical functions.

For investors, please use https://ir.mobilicom.com/  
For company, please use www.mobilicom.com

Forward Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. For example, the Company is using forward-looking statements when it discusses its belief that this initial order will lead to follow-on opportunities. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company’s filings with the Securities and Exchange Commission.

Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.

For more information on Mobilicom, please contact:

Liad Gelfer
Mobilicom Ltd
[email protected]

April 23, 2026 09:15 ET  | Source: Mobilicom Limited

Mobilicom to hold strategic meetings with U.S. Department of War and Marine Corps representatives, as well as existing customers and new customers under integration, at the premier Marine Corps technology exposition

Palo Alto, California, April 23, 2026 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, MOBBW) (“Mobilicom” or the “Company”), a provider of cybersecurity and robust solutions for drones and robotics, today announced it will exhibit at Modern Day Marine 2026, taking place April 28–30, 2026 in Washington, D.C. The Company will exhibit under the booth of its strategic U.S. partner, Noble, a leading provider of procurement and logistics for the defense industry, at Booth #618.

“Modern Day Marine is where we get to demonstrate real results — not just products,” said Oren Elkayam, Founder and CEO of Mobilicom. “Our solutions are already deployed in drone platforms actively serving the Marine Corps, and a Tier-1 customer’s recent Program of Record win with the U.S. Department of War supports the potential for high-volume production and multi-year continuity. We expect to meet with representatives of the U.S. DoW and the Marine Corps, catch up with existing customers, and connect with new customers currently integrating our technology. This is exactly the kind of show where all of that comes together.”

Mobilicom will showcase its full product line at the show, with SkyHopper MultiBand taking center stage. The latest addition to the Company’s SDR data link line, SkyHopper MultiBand, delivers wideband coverage across multiple frequency bands, extended range, and is designed to provide strong resistance to electronic warfare and jamming — purpose-built for complex, contested environments. Alongside it, Mobilicom will present its comprehensive end-to-end portfolio, including ICE Cybersecurity Software, OS3 Platform Software, airborne and ground data links, MCU Mesh Networking and Mobile Ground Control Stations— all field-proven and already embedded in platforms serving the U.S. Department of War.

Mobilicom comes to Modern Day Marine with real momentum: a Tier-1 customer's recent U.S. Department of War Program of Record win unlocks the potential for high-volume production with multi-year delivery continuity for Mobilicom-powered drone platforms.

Modern Day Marine is the U.S. Marine Corps’ premier venue for product developers to demonstrate their capabilities directly to service members, acquisition specialists, and service leaders. Hosted in Washington, D.C. and drawing hundreds of exhibitors across more than 84,000 square feet of interactive displays, the exposition serves as the central meeting point for the Marine Corps warfighting community and the defense industry.

Visitors can find Mobilicom at Noble Booth #618. To schedule a meeting in advance, contact [email protected].

About Mobilicom

Mobilicom is a leading provider of cybersecure robust solutions for the rapidly growing defense and commercial drones and robotics market. Mobilicom’s large portfolio of field-proven technologies includes cybersecurity, software, hardware, and professional services that power, connect, guide, and secure drones and robotics. Through deployments across the globe with over 50 customers, including the world’s largest drone manufacturers, Mobilicom’s end-to-end solutions are used in mission-critical functions.

For investors, please use https://ir.mobilicom.com/  
For company, please use www.mobilicom.com

Forward Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. For example, the Company is using forward-looking statements when it discusses the potential for high-volume production with multi-year delivery continuity for Mobilicom-powered drone platforms. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company’s filings with the Securities and Exchange Commission.

Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.

For more information on Mobilicom, please contact:

Liad Gelfer
Mobilicom Ltd
[email protected]

May 11, 2026 08:40 ET  | Source: Mobilicom Limited

New Wearable SDR Broadens Mobilicom’s SkyHopper Product Portfolio Based on Evolving U.S. Department of War Operational Requirements

Palo Alto, California, May 11, 2026 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, MOBBW) (“Mobilicom” or the “Company”), a provider of cybersecurity and robust solutions for drones and robotics, today announced the launch of SkyHopper Tactical, a new wearable software-defined radio (“SDR”) designed to expand the Company’s tactical edge communications portfolio supporting autonomous systems. The SkyHopper Tactical launch follows Mobilicom’s March 2026 introduction of SkyHopper MultiBand, growing the Company’s family of cybersecure SDR solutions for forces operating in contested electronic warfare and complex terrain environments.

“SkyHopper Tactical further expands Mobilicom’s cybersecure autonomous systems portfolio and strengthens our positioning in tactical communications,” said Oren Elkayam, Founder and CEO of Mobilicom. “The platform was designed based on operational needs identified by the U.S. Department of War and Mobilicom’s strategic customers to support expanding drone and loitering munition mission scenarios By leveraging our Secured Autonomy™ principles and ICE cybersecurity software, SkyHopper Tactical adds another integrated communications solution Mobilicom can offer Tier-1 OEMs and defense customers, while increasing our platform content and deployment applicability across next-generation autonomous systems. We believe the platform is well-positioned to support emerging multi-operator, mesh networking, and swarm operational requirements, with initial operational evaluation deliveries expected during the third quarter of 2026.”

SkyHopper Tactical leverages Mobilicom’s existing SkyHopper networking architecture and ICE (Immunity, Cybersecurity, Encryption) software suite with support for point-to-point, multipoint, mesh, and relay topologies across distributed unmanned operations. Designed for tactical maneuver units operating in GPS-denied and congested electromagnetic environments, the platform provides multi-controller drone handoff between teams, relay-based range extension, and advanced fleet and swarm operations involving multiple operators and battlefield viewers.

Mobilicom management will showcase SkyHopper Tactical this week alongside the Company’s broader portfolio of cybersecure autonomous solutions at XPONENTIAL 2026 and Loitering Munitions USA for defense industry participants, strategic customers, and Department of War representatives.

About Mobilicom
Mobilicom is a leading provider of cybersecure robust solutions for the rapidly growing defense and commercial drones and robotics market. Mobilicom’s large portfolio of field-proven technologies includes cybersecurity, software, hardware, and professional services that power, connect, guide, and secure drones and robotics. Through deployments across the globe with over 50 customers, including the world’s largest drone manufacturers, Mobilicom’s end-to-end solutions are used in mission-critical functions.

For investors, please use https://ir.mobilicom.com/  
For company, please use www.mobilicom.com

Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. For example, the Company is using forward-looking statements when it discusses the expected benefits of the SkyHopper Tactical, including that it further expands Mobilicom’s cybersecure autonomous systems portfolio and strengthens its positioning in tactical communications, that it adds another integrated communications solution Mobilicom can offer Tier-1 OEMs and defense customers, and its belief that the platform is well-positioned to support emerging multi-operator, mesh networking, and swarm operational requirements, with initial operational evaluation deliveries expected during the third quarter of 2026. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company’s filings with the Securities and Exchange Commission.

Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.

For more information on Mobilicom, please contact:

Chris Donovan
Investor Relations
Mobilicom Ltd
[email protected]

May 20, 2026 16:00 ET  | Source: Mobilicom Limited

Palo Alto, California, May 20, 2026 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, MOBBW) (“Mobilicom” or the “Company”), a provider of cybersecurity and robust solutions for drones and robotics, today announced that it will issue a press release with financial and operational highlights for the three months ended March 31, 2026 after the Nasdaq Stock Market closes on Wednesday, May 27, 2026.

The Company’s management will also discuss these highlights and other recent developments, followed by a Q&A session, on a conference call and webcast at 4:30 p.m. EDT the same day. Investors are invited to email questions to the Company in advance to: [email protected].

Conference call & webcast info:

Wednesday, May 27, 2026, at 4:30 pm EDT

US Dial-in:

833 548 0282 US Toll Free
833 548 0276 US Toll Free
Webinar ID: 831 4535 1975

Please register in advance: HERE

A recording of the webcast will be available in the "EARNINGS UPDATE" section on ir.mobilicom.com for those unable to attend the live event.

About Mobilicom

Mobilicom is a leading provider of cybersecure robust solutions for the rapidly growing defense and commercial drones and robotics market. Mobilicom’s large portfolio of field-proven technologies includes cybersecurity, software, hardware, and professional services that power, connect, guide, and secure drones and robotics. Through deployments across the globe with over 50 customers, including the world’s largest drone manufacturers, Mobilicom’s end-to-end solutions are used in mission-critical functions.

For investors, please use https://ir.mobilicom.com/  
For company, please use www.mobilicom.com

Forward Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company’s filings with the Securities and Exchange Commission.

Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.

For more information on Mobilicom, please contact:

Chris Donovan
Mobilicom Ltd
[email protected]

Mobilicom NASDAQ: MOB executives said the company is seeing stronger demand signals from U.S. defense drone programs even as first-quarter revenue declined because of shipment timing tied to customer procurement schedules.

On the company’s quarterly earnings call, Co-Founder, CEO and Chairman Oren Elkayam framed Mobilicom as a supplier of cybersecurity, communications and electronic warfare software and hardware used inside drones, robotics and autonomous systems. Elkayam said the company sits at the convergence of drones, cybersecurity and autonomous robotics, with products designed to “power, connect, secure, and safeguard drones robotics.”

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Revenue dips, but backlog and visibility rise CFO Liad Gelfer said revenue for the three months ended March 31, 2026, was $548,000, compared with $844,000 in the prior-year period. He attributed the decline to delivery timing rather than weakening demand, saying certain first-quarter shipments were deferred into later quarters as a customer transitioned toward scaled production under a program of record.

Gelfer said Mobilicom’s “revenue visibility,” defined as recognized revenue plus confirmed backlog at quarter-end, was $2.4 million, up 50% year over year. Backlog at March 31 was $1.8 million, compared with $737,000 a year earlier, an increase of about 151%.

Since quarter-end, Gelfer said the order book continued to grow through additional orders from a U.S. tier 1 customer under the OPF program and follow-on orders from other global customers, all expected to be delivered within 2026.

Gelfer described the company’s balance sheet as debt-free, with no credit facility and no convertible debt. He also said Mobilicom terminated its at-the-market facility during the quarter, calling it “a deliberate decision made from a position of strength.” The transcript included differing cash figures from management, with Gelfer citing $70.7 million as of March 31 and Elkayam later referring to “almost $18 million cash in hand.”

Operating cash burn was approximately $528,000 per month in the first quarter, which Gelfer said reflected investments in integration work for new U.S. tier 1 manufacturers, long-lead inventory for production-scale deliveries and the company’s U.S. manufacturing strategy.

U.S. defense programs remain central to growth outlook Elkayam highlighted progress in U.S. defense programs of record as the core of Mobilicom’s current growth story. He said the company received a $2.2 million purchase order in the first quarter related to the U.S. Marine Corps OPF-L program, where production for mass deployment began in January and is ramping.

Elkayam said all of Mobilicom’s recent U.S. tier 1 orders are tied to OPF-L, including the latest $2.2 million order. He described programs of record as long-term procurement frameworks that typically run at least five years and may extend to 10 years, with additional demand for spare parts, maintenance and training.

The company also discussed progress involving the U.S. Army’s LASSO program, or Low Altitude Stalking and Strike Ordnance. Elkayam said one of Mobilicom’s tier 1 customers has advanced under the program, which is in an initial deployment phase aimed at equipping infantry brigade combat teams with man-portable precision strike capability.

Elkayam cautioned that Mobilicom has no orders associated with LASSO to date. However, he said the customer’s progress broadens the U.S. defense footprint of platforms that embed Mobilicom technology and could add the U.S. Army to a customer base previously anchored by the Marine Corps.

Tier 1 customer pipeline expands Elkayam said Mobilicom has eight tier 1 customers so far, compared with its 2026 goal of eight to 10. The company said it has already met its annual target of three to four tier 1 partners in design-win and research-and-development stages, with four such players now in that category. It also has three tier 1 customers in initial production and one customer in ramp-up.

Management highlighted two recently announced U.S. tier 1 design wins involving intelligence, surveillance and reconnaissance drone platforms. The first involves a Group 1 handheld ISR drone platform from a U.S. drone manufacturer, where Mobilicom’s SkyHopper data link and ICE cybersecurity software suite are being integrated to improve range, resilience and electronic warfare resistance.

The second design win is with a major U.S. defense and commercial aerospace conglomerate for a Group 2 backpack-sized ISR drone platform. Elkayam said Mobilicom developed a tailored SkyHopper configuration for the platform, including customized interfaces and mission-specific integration requirements.

In response to an analyst question, Elkayam said Mobilicom’s typical cycle with customers is six to 12 months for integration and certification, followed by initial production orders and then ramp-up. For the two new ISR design wins, he said integration is already well advanced and could translate into inclusion in customer sales catalogs in the third quarter, with initial revenue in 2026 and more meaningful revenue in 2027.

Certifications and cybersecurity requirements cited as competitive advantages Elkayam said Mobilicom’s hardware and software products hold several U.S. defense and regulatory validations, including the Blue sUAS Framework, NDAA validation, Trusted Cyber Certification and DD Form 1494 frequency allocation approval. He also said Mobilicom was added during the quarter to the FCC Trusted Drone list.

In the Q&A session, Elkayam said Mobilicom’s full suite of products was covered by the FCC designation, including SkyHopper data links, MCU mesh networking, mobile ground control stations, OS3 cybersecurity and ICE electronic warfare software. He said the designation allows federal customers and OEMs to use Mobilicom components without risk of government exclusion.

Elkayam also pointed to rising cybersecurity requirements across U.S. defense drone programs, including CMMC, the Cyber Survivability Endorsement Standard, the CSRMC initiative and the Defense Department’s Zero Trust Strategy. He said the market is moving from static cyber testing toward embedded, always-on cybersecurity protection for autonomous platforms.

International activity and U.S. manufacturing plans Outside the U.S., Elkayam said Mobilicom announced design wins during the quarter with an Asia-Pacific customer, a UAE-based defense manufacturer and an Israeli customer for deployment in India. He described these as examples of the company’s “hardware first foot in the door” strategy expanding across regions.

The company also launched two products during the quarter: SkyHopper Tactical, a wearable software-defined communications solution for dismounted teams in contested environments, and SkyHopper Multiband, a next-generation communications platform with software-defined band selection.

Asked about manufacturing and foreign exchange exposure, Elkayam said current production is in the Philippines and Israel and is conducted in U.S. dollars. He said Mobilicom is building production capacity in the United States in response to Pentagon requirements and expects a larger U.S. footprint to reduce foreign exchange impact over time.

Elkayam said the company is selecting U.S. contract manufacturers and conducting on-site visits and final terms discussions. He said Mobilicom is expanding long-lead inventory purchases above its initial plan because of stronger-than-expected demand signals from tier 1 customers.

About Mobilicom NASDAQ: MOBMobilicom Ltd. NASDAQ: MOB is an Israel-based technology company specializing in secure communications, cybersecurity and edge computing solutions for unmanned systems, ground vehicles and critical assets. The company's core platform integrates advanced encryption, artificial intelligence and resilient networking capabilities to protect data and command-and-control links in contested or degraded environments.

The company's flagship offerings include AerialGuard, a turnkey cyber-hardened communications suite for unmanned aerial vehicles (UAVs); VehicularGuard, designed to secure vehicle-to-everything (V2X) communications in ground systems; and MissionCore, a software-defined command-and-control framework that delivers real-time situational awareness and autonomous decision support.

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