Quarterly ResultMay 27, 2026, 04:08 PM
Mobilicom Advances in U.S. Army LASSO Program, Secures $2.2M Orders
AI Summary
Mobilicom reported its Q1 2026 financial highlights and business updates, noting significant operational momentum despite a temporary revenue dip to $548,000 due to production ramp-up timing. The company announced progress in the U.S. Army's LASSO Program through a Tier-1 defense partner, secured $2.2 million in new orders for the OPF-L Program, and achieved FCC Trusted Drone Status for its UAS critical components. Mobilicom also reported two new design wins with U.S. Tier-1 drone platforms and expanded engagements in APAC and the Middle East, ending the quarter with $17.7 million in cash and a debt-free balance sheet.
Key Highlights
- Progressed in U.S. Army's LASSO Program, embedding cybersecure SkyHopper datalink.
- Secured $2.2 million in new orders from a U.S. Tier-1 customer for the OPF-L Program.
- Granted FCC Trusted Drone Status for its full suite of UAS critical components.
- Q1 2026 revenue was $548,000, down from $844,000 in Q1 2025.
- Order backlog increased to $1.8 million as of March 31, 2026, up 50% YoY.
- Ended Q1 2026 with $17.7 million in cash and cash equivalents.
- Achieved two new design wins with U.S. Tier-1 defense drone manufacturers.
- Launched SkyHopper Tactical and SkyHopper MultiBand communication solutions.
Price Impact
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