Mobilicom Ltd. (Nasdaq: MOB) has reported its financial results for the first quarter of 2025, ending March 31. The company recorded revenues of $844,000, with approximately 40% attributed to sales in the United States. A significant development for Mobilicom is the receipt of its 5th and 6th production scale orders, totaling over $800,000, from a major U.S. drone manufacturer. These orders support the customer's initial deployments of drones for DoD programs, potentially leading to future substantial contracts. Mobilicom is in a strong financial position, holding approximately $8 million in cash with no debt obligations. The company's operating net cash burn has decreased to around $266,000 per month. The confirmed order backlog stood at $737,000 as of March 31, 2025, expected to be fulfilled within the first half of the year. The company is also actively pursuing additional revenue opportunities, including potential orders following the inclusion of SkyHopper in the BlueUAS Framework. Additionally, Mobilicom has been selected for a $390,000 innovation program aimed at developing Enhanced Electronic Warfare communications systems to protect UAVs against advanced jamming. This innovation will enhance the company's ICE software suite for its SkyHopper products. Furthermore, Mobilicom's cybersecure MCU-30 Mobile MESH product has been chosen by a leading loitering munitions manufacturer for integration into its latest drone fleets, showcasing the company's ability to cross-sell its solutions to existing clients.
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