Mobilicom Ltd. ADR (MOB) has released an update.
Mobilicom Ltd. ADR, an innovative provider of cybersecurity and robust solutions for drones and robotics, has announced a significant revenue increase of 43% to $2.3 million in 2023, driven by repeat orders and a strong gross margin of 59%. With a solid order backlog and a strong cash position bolstered by a recent capital raise, the company is well-equipped to continue its growth trajectory in the defense and commercial sectors. Mobilicom’s systems have been successfully integrated into various defense platforms, including those used by the U.S. and Israeli defense forces, indicating a promising outlook for the company’s future.
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