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Company Overview Based in Irvine, California, Mobix Labs designs, develops and sells components and systems for advanced wireless and wired connectivity, radio frequency ( RF ), switching and electromagnetic interference ( EMI ) filtering technologies. Our solutions are used in the defense, aerospace, commercial, industrial and other markets.
The business is unprofitable at the operating level (-380.28% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 53.9% YoY with margins expanding 339.9pp.
ROIC dropped from -291.06% to -351.15%, capital efficiency is deteriorating. Negative free cash flow of -$10M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$7M
▲ +53.9% YoY
Net Income (TTM)
-$40M
▼ -130.3% YoY
Op. Margin
-426.16%
▲ +339.9pp YoY
ROIC
-242.06%
▼ -60.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$18M
▲ +45.0% YoY
Op. Cash Flow (TTM)
-$18M
▲ +45.0% YoY
Net Debt
$4M
Cash & Equiv.
$3M
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