Quarterly ResultMay 27, 2026, 04:02 PM
Mobilicom Q1 Revenue $548K; Secures $2.2M New Orders, Advances US Programs
AI Summary
Mobilicom announced its Q1 2026 financial results, reporting $548,000 in revenue, a decrease from the prior year attributed to temporary procurement timing. Despite the revenue dip, the company highlighted significant operational progress, including securing $2.2 million in new orders for the OPF-L Program and advancing its technology within the U.S. Army's LASSO Program. Mobilicom also achieved FCC "Trusted Drone" status for its UAS critical components and expanded its global presence with new design wins in the U.S., APAC, and Middle East. The company maintains a strong balance sheet with $17.7 million in cash and no debt.
Key Highlights
- Secured $2.2 million in new orders tied to the OPF-L Program from a U.S. Tier-1 customer.
- Progressed within the U.S. Army’s LASSO Program through a Tier-1 defense partner.
- Granted FCC "Trusted Drone" status for its full suite of drone and robotics solutions.
- Achieved two new design wins with U.S. Tier-1 defense drone platforms.
- Q1 2026 revenue was $548,000, compared to $844,000 in Q1 2025.
- Confirmed order backlog was $1.8 million as of March 31, 2026, up from $737,000 YoY.
- Held $17.7 million in cash and cash equivalents as of March 31, 2026.
- Operating net cash burn averaged $528,000 per month during Q1 2026.
Price Impact
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