Mobix Labs Revenue Surges 129% as Turnaround Accelerates
Key Highlights
- ➤Revenue $1.81M, up 129% sequentially in preliminary fiscal fourth quarter
- ➤GAAP gross margin expanded to 44.5% from 12.9% sequentially
- ➤Product revenue increased 171% sequentially
- ➤Preliminary GAAP operating losses narrowed approximately 11%
- ➤Accounts payable fell 46%; stockholders’ equity increased $5.2M year-over-year
Mobix Labs, Inc. (Nasdaq: MOBX) today highlighted its preliminary, unaudited fiscal fourth-quarter results, including a 129% sequential increase in revenue to approximately $1.81 million and a more than threefold expansion in GAAP gross margin to approximately 44.5%, compared with 12.9% in the preceding quarter.
The substantial improvement reflects progress in the Company's ongoing business turnaround following earlier periods in which working capital constraints restricted inventory procurement and customer shipments. Product revenue increased approximately 171% sequentially, while preliminary GAAP operating losses narrowed approximately 11%. The Company also reported preliminary year-over-year improvements in its balance sheet, including a 46% reduction in accounts payable and a $5.2 million increase in stockholders' equity.
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