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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13
OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
August 21, 2024
MOBIX LABS, INC.
(Exact name of registrant as specified in its charter)
Delaware |
|
001-40621 |
|
98-1591717 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
15420 Laguna Canyon Road, Suite 100
Irvine, California |
|
92618 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code: (949) 808-8888
N/A
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Class A Common Stock, par value $0.00001 per share |
|
MOBX |
|
Nasdaq Global Market |
Redeemable warrants, each warrant exercisable for one share of Class A Common Stock |
|
MOBXW |
|
Nasdaq Capital Market |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 2.02 Results of Operations and Financial Condition.
On August 21, 2024, Mobix
Labs, Inc. issued a press release announcing its financial results for its fiscal quarter ended June 30, 2024. A copy of the press release
is furnished as Exhibit 99.1.
The information furnished
under this Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under
the Securities Act of 1933, as amended or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
Mobix Labs, Inc. |
|
|
Date: August 21, 2024 |
By: |
/s/ Keyvan Samini |
|
Name: |
Keyvan Samini |
|
Title: |
President and Chief Financial Officer |
2
Exhibit 99.1
Mobix Labs Announces Third Quarter 2024 Financial
Results
Revenue up 80% sequentially and Gross
Margin expansion
Acquisition strategy successfully expanding
end markets and diversifying offerings
Increasing Customer Demand
IRVINE, Calif.– August 21, 2024 – Mobix Labs, Inc.
(Nasdaq: MOBX) (“Mobix Labs”, “Mobix” or the “Company”), a leader in advanced connectivity solutions,
today announced financial results for its fiscal third quarter ended June 30, 2024.
“We are pleased with the June quarter’s results, closing
the acquisition of RaGE Systems and our growing pipeline of synergistic M&A opportunities for extending our tech portfolio and end
markets,” said Fabian Battaglia, CEO of Mobix Labs. “Quickly increasing customer demand and exciting requests for proposals
are expanding the pipeline and proving that customers with high-reliability needs want to do business with Mobix.”
“We were pleased with our sequential revenue growth of 80%, gross
margin expansion and closing an additional private placement,” commented Keyvan Samini, President and CFO of Mobix Labs. “We
are pursuing additional financing to fuel our acquisition strategy and to provide for working capital to fulfill our strong customer demand.”
Financial Highlights for Third Quarter of 2024
| ● | Revenue: Total revenue grew to $2.1 million in the third quarter of 2024, an 80% increase from $1.1 million in the second quarter
of 2024. |
| ● | Loss from Operations: GAAP loss from operations for the quarter was $9.3 million, compared to a loss of $8.6 million for the
second quarter of 2024. On a non-GAAP basis, adjusted loss from operations for the quarter was $4.1 million compared to a loss of $4.1
million for the second quarter of 2024. |
Recent Business Highlights
| ● | Completed the acquisition of RaGE Systems, a leader in radio frequency and mmWave design and manufacturing services. Another key milestone
for growth and affirmation of Mobix Labs’ strong global acquisition strategy. |
| ● | Announced the intent to acquire J-Mark Connectors Inc. This acquisition is expected to enhance Mobix Labs’ sales strategy and
boost gross margins, particularly in the high-demand military, aerospace, and defense sectors. The addition of J-Mark’s expertise
is expected to strengthen Mobix Labs’ position, elevate market presence, enhance customer access, and secure major accounts in the aerospace
and defense industries. |
| ● | Issued private placement of pre-funded warrants with gross proceeds of $4 million, before payment of fees and expenses. |
| ● | Participated at the Leidos Supplier Innovation & Technology Symposium to highlight technologies designed and manufactured for
various high-reliability markets, including wireless infrastructure, security transport, military, aerospace, and medical applications.
Key technology showcased at the event was the Mobix Labs’ SMART Edge Device product line. |
| ● | Introduced a new family of filtered D-sub connectors designed to eliminate unwanted electromagnetic interference (EMI) in defense,
aerospace, medical, and commercial applications. These connectors feature robust construction and superior EMI filtering capabilities,
ensuring optimal performance and reliability in the most demanding environments. |
| ● | Launched latest EMI filtered connectors for defense and aerospace applications. These versatile connectors can be customized with
planar arrays, ceramic Pi Tubes, or chip capacitors to meet demanding military specifications, ensuring optimal cost, quality and performance. |
| ● | Announced a strategic partnership with TalkingHeads Wireless (THW) to develop a new generation of cost-effective, energy-efficient
5G base stations. THW’s 5G radio solution uses AI technology to optimize tower energy consumption, while Mobix Labs’ broad
portfolio of products including ICs, antennas, and active optical cables and transceivers delivers significant advantages in performance,
efficiency, cost and size for 5G base stations. |
| ● | In collaboration with the U.S. defense sector, Mobix Labs was selected as a supplier of connectors to be used in the Navy’s
Standard Missile-6 program and has completed its initial product delivery. |
| ● | Mobix Labs electromagnetic filtering products received a BAE Systems ‘Partner 2 Win’ Gold Tier Award. Mobix Labs was selected
from many suppliers that delivered exceptional performance and contributions to supply chain success for BAE Systems’ Electronic
Systems sector in 2023. |
Non-GAAP Financial Measures
In addition to reporting financial results in accordance with U.S.
generally accepted accounting principles (GAAP), the Company uses certain non-GAAP measures of financial performance, including:
| ● | Adjusted Gross Profit, which is defined as GAAP Gross Profit
excluding amortization of acquisition-related intangible assets, inventory write-offs and stock-based compensation expense; and |
| ● | Adjusted Loss from Operations, which is defined as GAAP Loss
from Operations excluding depreciation, amortization of acquisition-related intangible assets, merger and acquisition-related expenses,
inventory write-offs and stock-based compensation expense. |
The Company’s management believes it is useful to consider these
non-GAAP financial measures, together with the corresponding GAAP financial measures, as they provide more transparency into current business
trends, exclusive of the effects of certain non-cash expenses, acquisition-related charges, and items that may not be present in comparative
fiscal periods. Management believes that, when considered together with reported GAAP financial measures, these non-GAAP financial measures
are useful to investors and management in understanding the Company’s ongoing operations and operating trends and in analyzing the
Company’s underlying financial performance.
These non-GAAP financial measures are not intended to be considered
in isolation from, as a substitute for, or superior to, the comparable GAAP measures. These non-GAAP financial measures may be different
from similarly titled measures used by other companies. In the future, Mobix may consider whether other items should also be excluded
in calculating the non-GAAP financial measures it uses. Management believes that the presentation of these non-GAAP financial measures
provides investors with additional useful information to measure Mobix Labs’ financial and operating performance. In particular,
these measures facilitate comparison of our operating performance between periods and may help investors to understand better our operating
results. Internally, management uses these non-GAAP financial measures in assessing the Company’s operating results and in planning and
forecasting. A reconciliation of these non-GAAP financial measures to the most comparable GAAP measure is contained in the financial tables
to this press release.
Financial Outlook
Consolidated revenues are expected
to fall within a range of $2.6 - $3.2 million in the fiscal fourth quarter of 2024.
Conference Call Information
Event: |
|
Mobix Labs, Inc. Third Quarter 2024 Earnings Call |
Date: |
|
Wednesday, August 21, 2024 |
Time: |
|
2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time |
Webcast: |
|
investors.mobixlabs.com |
Dial-in number: |
|
https://register.vevent.com/register/BI89bf294de932451980c72a782d621ccf |
Shortly after the completion of the conference call, an archived version
of the webcast will be available on the Company’s investor relations website at investors.mobixlabs.com.
About Mobix Labs, Inc.
At Mobix Labs, we’re
committed to transforming connectivity by partnering closely with our customers to deliver advanced semiconductor and wireless systems
solutions tailored to their needs. Based in Irvine, California, we specialize in four key areas; EMI Interconnect Solutions for secure
aerospace and GPS systems, Active Optical Cables (AOC) for high-speed AI datacenter interconnects, 5G IC Solutions for mmWave communications,
and Wireless Systems Solutions, including joint design and manufacturing services for RF technologies, serving customers in 5G, radar,
and imaging sensors. Through deep collaboration and innovation, we’re shaping the future of connectivity. Visit mobixlabs.com and
follow us on LinkedIn.
Mobix Labs, the logo, and SMART™ Edge Device are among the trademarks
of Mobix Labs. Other trademarks are the property of their respective owners.
Note
Regarding Customer Pipeline Statistic
“Customer pipeline” reflects estimated potential future
business based on interest expressed by potential customers for qualified programs, stated in terms of estimated revenue that may be realized
in one or more future periods. All customer pipeline information constitutes forward-looking statements. Customer pipeline is not a proxy
for backlog or an estimate of future revenue, nor should it be considered as any other measure or indicator of financial performance.
Rather, Mobix Labs uses customer pipeline as a statistical metric to indicate the company’s current view of relative changes in
future potential business across various end markets. Time horizons vary accordingly, based on product type and application. Actual business
realized depends on ultimate customer selection, program share, strategic decisions based on expected revenue, margin and other factors
discussed below under “Forward-Looking Information.”
Forward-looking Information
This press release and the related earnings call contain “forward-looking statements”
regarding the intent, beliefs or current expectations of the Company for purposes of the federal securities laws. These forward-looking statements
include, but are not limited to, statements regarding Mobix Labs, Inc. and Mobix Labs, Inc.’s management team’s expectations,
hopes, beliefs, intentions or strategies regarding the future. The words “anticipate,” “believe,” “continue,”
“could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,”
“possible,” “potential,” “predict,” “project,” “should,” “will,”
“would,” “poised” and similar expressions may identify forward-looking statements, but the absence of these
words does not mean that a statement is not forward-looking. Forward-looking statements in this presentation and discussion may include,
for example, statements about (i) our expectations regarding customer demand and requests for proposals as well as our ability to expand
our customer base and product offerings; (ii) our financial outlook, including expectations regarding revenue growth, adjusted gross margin
and adjusted operating margin; (iii) our ability to secure additional financing and any strategic initiatives, specifically with respect
to synergistic product acquisitions; (iv) our expectations regarding our intent to acquire J-Mark Connectors Inc. and any other possible
acquisitions; (v) our expectations regarding future market conditions and the growth of the market, including our expectations regarding
the serviceable addressable market; (vi) any future product enhancements or developments as well as customer reception of our products;
(vii) our ability to secure additional orders, including in connection with the U.S. defense program; (viii) the impact of any strategic
partnerships on our business. These forward-looking statements are based on information available as of the date of this presentation
and discussion, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly,
forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we undertake no obligations
to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information,
future events or otherwise, except as may be required under applicable securities laws. In addition, these forward-looking statements
and the information in this press release and the earnings call are qualified in their entirety by cautionary statements and risk factor
disclosures contained in the Company’s Securities and Exchange Commission (“SEC”) filings, including the Company’s
Registration Statement on Form S-1 filed on August 12, 2024, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, its
Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 and any subsequent SEC filings. All forward-looking statements in this
press release are based on information available to us on the date hereof, and we assume no obligation to update such statements.
As a result of a number of known and unknown risks and uncertainties,
our actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some
factors that could cause actual results to differ include (i) the risk that the price of our securities may be volatile due to a variety
of factors, including changes in the highly competitive industries in which we operate, variations in performance across competitors,
changes in laws, regulations, technologies, the global supply chain, and macro-economic and social environments affecting our business;
(ii) our ability to regain compliance and maintain our listing of securities on Nasdaq; (iii) the risks concerning our ability to continue
as a going concern; (iv) the inability to meet future capital requirements and risks related to our ability to raise additional capital
including potential dilution to our stockholders; (v) the risk that we are unable to successfully commercialize our products and solutions,
or experience significant delays in doing so; (vi) the risk that we may not be able to generate income from operations in the foreseeable
future; (vii) the risk that we experience difficulties in managing our growth and expanding operations; (viii) the risk that we may not
be able to consummate planned strategic acquisitions, or fully realize anticipated benefits or capture synergies from past or future acquisitions
or investments; (ix) the risk that we may be unable to successfully defend ourselves in ongoing litigation or that additional actions
may be commenced against us; (x) the risk that our patent applications may not be approved or may take longer than expected, and we may
incur substantial costs in enforcing and protecting our intellectual property; (xi) the risk of being an early stage company and that
our limited operating history may make it difficult to evaluate our future prospects and the risks and challenges that we may encounter;
(xii) the risk that we cannot predict whether we will maintain revenue growth; (xiii) the risk that the markets for our semiconductor
products and solutions are highly competitive; (xiv) the risk that future sales of our Class A Common Stock may cause the market price
of our Class A Common Stock to drop significantly, even if our business is doing well; and (xv) inflation and unfavorable global economic
conditions could adversely affect our business.
Media Contact:
Jeff Fox, The Blueshirt Group
jeff@blueshirtgroup.com
Investor Contact:
Lori Barker, The Blueshirt Group
lori@blueshirtgroup.com
Source: Mobix Labs, Inc.
Mobix
Labs, Inc.
Condensed
Consolidated Balance Sheets
(unaudited,
in thousands, except share and per share amounts)
| |
June 30, | | |
September 30, | |
| |
2024 | | |
2023 | |
ASSETS |
|
Current assets | |
| | | |
| | |
Cash | |
$ | 205 | | |
$ | 89 | |
Accounts receivable, net | |
| 1,478 | | |
| 53 | |
Inventory | |
| 1,906 | | |
| 319 | |
Prepaid expenses and other current assets | |
| 481 | | |
| 369 | |
Total current assets | |
| 4,070 | | |
| 830 | |
| |
| | | |
| | |
Property and equipment, net | |
| 1,915 | | |
| 1,859 | |
Intangible assets, net | |
| 18,570 | | |
| 5,287 | |
Goodwill | |
| 15,206 | | |
| 5,217 | |
Operating lease right-of-use assets | |
| 1,086 | | |
| 1,030 | |
Deferred transaction costs | |
| - | | |
| 4,125 | |
Other assets | |
| 430 | | |
| 400 | |
Total assets | |
$ | 41,277 | | |
$ | 18,748 | |
| |
| | | |
| | |
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND
STOCKHOLDERS’ EQUITY (DEFICIT) | |
| | | |
| | |
Current liabilities | |
| | | |
| | |
Accounts payable | |
$ | 10,572 | | |
$ | 8,995 | |
Accrued expenses and other current liabilities | |
| 8,839 | | |
| 4,519 | |
Deferred purchase consideration | |
| 2,466 | | |
| - | |
Notes payable | |
| 723 | | |
| 1,286 | |
Notes payable - related parties | |
| 2,495 | | |
| 3,793 | |
Simple agreements for future equity | |
| - | | |
| 1,512 | |
Operating lease liabilities, current | |
| 406 | | |
| 318 | |
Total current liabilities | |
| 25,501 | | |
| 20,423 | |
| |
| | | |
| | |
Earnout liability | |
| 2,960 | | |
| - | |
PIPE make-whole liability | |
| 1,949 | | |
| - | |
Deferred tax liability | |
| 361 | | |
| 86 | |
Operating lease liabilities, noncurrent | |
| 1,139 | | |
| 1,280 | |
Other noncurrent liabilities | |
| 831 | | |
| - | |
Total liabilities | |
| 32,741 | | |
| 21,789 | |
| |
| | | |
| | |
Redeemable convertible preferred stock | |
| - | | |
| 2,300 | |
| |
| | | |
| | |
Stockholders’ deficit | |
| | | |
| | |
Common stock, $0.00001 par value | |
| - | | |
| - | |
Additional paid-in capital | |
| 101,456 | | |
| 78,421 | |
Accumulated deficit | |
| (92,920 | ) | |
| (83,762 | ) |
Total stockholders’ equity (deficit) | |
| 8,536 | | |
| (5,341 | ) |
Total liabilities, redeemable convertible preferred stock and stockholders’ equity (deficit) | |
$ | 41,277 | | |
$ | 18,748 | |
Mobix
Labs, Inc.
Condensed
Consolidated Statements of Operations and Comprehensive Loss
(unaudited,
in thousands, except share and per share amounts)
| |
Three months ended
June 30, | | |
Nine months ended
June 30, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
| | |
| | |
| | |
| |
Net revenue | |
$ | 2,058 | | |
$ | 80 | | |
$ | 3,488 | | |
$ | 791 | |
| |
| | | |
| | | |
| | | |
| | |
Costs and expenses | |
| | | |
| | | |
| | | |
| | |
Cost of revenue | |
| 1,327 | | |
| 285 | | |
| 2,608 | | |
| 1,188 | |
Research and development | |
| 1,369 | | |
| 3,159 | | |
| 4,328 | | |
| 9,209 | |
Selling, general and administrative | |
| 8,710 | | |
| 6,375 | | |
| 31,731 | | |
| 21,198 | |
Loss from operations | |
| (9,348 | ) | |
| (9,739 | ) | |
| (35,179 | ) | |
| (30,804 | ) |
| |
| | | |
| | | |
| | | |
| | |
Interest expense | |
| 127 | | |
| 309 | | |
| 1,232 | | |
| 1,186 | |
Change in fair value of earnout liability | |
| (661 | ) | |
| - | | |
| (30,599 | ) | |
| - | |
Change in fair value of PIPE make-whole liability | |
| 310 | | |
| - | | |
| (122 | ) | |
| - | |
Change in fair value of private warrants | |
| (68 | ) | |
| - | | |
| 412 | | |
| - | |
Change in fair value of SAFEs | |
| - | | |
| (30 | ) | |
| 10 | | |
| 528 | |
Merger-related transaction costs expensed | |
| - | | |
| - | | |
| 4,009 | | |
| - | |
Other non-operating losses, net | |
| 128 | | |
| - | | |
| 1,177 | | |
| - | |
Loss before income taxes | |
| (9,184 | ) | |
| (10,018 | ) | |
| (11,298 | ) | |
| (32,518 | ) |
Provision (benefit) for income taxes | |
| (1,505 | ) | |
| (14 | ) | |
| (2,801 | ) | |
| 18 | |
Net loss and comprehensive loss | |
| (7,679 | ) | |
| (10,004 | ) | |
| (8,497 | ) | |
| (32,536 | ) |
Deemed dividend | |
| - | | |
| - | | |
| 661 | | |
| - | |
Net loss available to common stockholders | |
$ | (7,679 | ) | |
$ | (10,004 | ) | |
$ | (9,158 | ) | |
$ | (32,536 | ) |
| |
| | | |
| | | |
| | | |
| | |
Net loss per common share: | |
| | | |
| | | |
| | | |
| | |
Basic | |
$ | (0.25 | ) | |
$ | (0.65 | ) | |
$ | (0.35 | ) | |
$ | (2.34 | ) |
Diluted | |
$ | (0.25 | ) | |
$ | (0.65 | ) | |
$ | (0.36 | ) | |
$ | (2.34 | ) |
Weighted-average common shares outstanding: | |
| | | |
| | | |
| | | |
| | |
Basic | |
| 30,552,063 | | |
| 15,335,373 | | |
| 26,350,138 | | |
| 13,907,357 | |
Diluted | |
| 30,552,063 | | |
| 15,335,373 | | |
| 26,411,020 | | |
| 13,907,357 | |
Mobix
Labs, Inc.
Reconciliation
of Non-GAAP Financial Measures
(unaudited,
in thousands)
| |
Three Months Ended | | |
Nine Months Ended | |
| |
June 30, | | |
June 30, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
Computation of Adjusted Loss from Operations: | |
| | |
| | |
| | |
| |
GAAP loss from operations | |
$ | (9,348 | ) | |
$ | (9,739 | ) | |
$ | (35,179 | ) | |
$ | (30,804 | ) |
Depreciation | |
| 127 | | |
| 112 | | |
| 357 | | |
| 337 | |
Amortization of aquisiton related intangible assets | |
| 481 | | |
| 210 | | |
| 1,117 | | |
| 631 | |
Merger & acquisiton- related expenses | |
| 976 | | |
| 27 | | |
| 3,491 | | |
| 71 | |
Inventory write-off | |
| - | | |
| - | | |
| 125 | | |
| - | |
Stock-based compensation expense | |
| 3,622 | | |
| 4,752 | | |
| 17,768 | | |
| 14,387 | |
Adjusted loss from operations | |
$ | (4,142 | ) | |
$ | (4,638 | ) | |
$ | (12,321 | ) | |
$ | (15,378 | ) |
| |
Three Months Ended | | |
Nine Months Ended | |
| |
June 30, | | |
June 30, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
GAAP gross profit: | |
| | | |
| | | |
| | | |
| | |
GAAP net revenue | |
$ | 2,058 | | |
$ | 80 | | |
$ | 3,488 | | |
$ | 791 | |
GAAP cost of revenue | |
| 1,327 | | |
| 285 | | |
| 2,608 | | |
| 1,188 | |
GAAP gross profit | |
$ | 731 | | |
$ | (205 | ) | |
$ | 880 | | |
$ | (397 | ) |
GAAP gross margin % | |
| 35.5 | % | |
| -256.3 | % | |
| 25.2 | % | |
| -50.2 | % |
| |
| | | |
| | | |
| | | |
| | |
Computation of Adjusted Gross Profit: | |
| | | |
| | | |
| | | |
| | |
GAAP gross profit | |
$ | 731 | | |
$ | (205 | ) | |
$ | 880 | | |
$ | (397 | ) |
Amortization of acquisition-related intangible assets | |
| 72 | | |
| 68 | | |
| 208 | | |
| 204 | |
Inventory write-off | |
| - | | |
| - | | |
| 125 | | |
| - | |
Stock-based compensation expense | |
| 27 | | |
| 12 | | |
| 27 | | |
| 34 | |
Adjusted Gross Profit | |
$ | 830 | | |
$ | (125 | ) | |
$ | 1,240 | | |
$ | (159 | ) |
Adjusted Gross Margin % | |
| 40.3 | % | |
| -156.3 | % | |
| 35.6 | % | |
| -20.1 | % |
7
v3.24.2.u1
Cover
|
Aug. 21, 2024 |
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
Aug. 21, 2024
|
Entity File Number |
001-40621
|
Entity Registrant Name |
MOBIX LABS, INC.
|
Entity Central Index Key |
0001855467
|
Entity Tax Identification Number |
98-1591717
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
15420 Laguna Canyon Road
|
Entity Address, Address Line Two |
Suite 100
|
Entity Address, City or Town |
Irvine
|
Entity Address, State or Province |
CA
|
Entity Address, Postal Zip Code |
92618
|
City Area Code |
949
|
Local Phone Number |
808-8888
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Written Communications |
false
|
Soliciting Material |
false
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Pre-commencement Tender Offer |
false
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Pre-commencement Issuer Tender Offer |
false
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Entity Emerging Growth Company |
true
|
Elected Not To Use the Extended Transition Period |
false
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Class A Common Stock, par value $0.00001 per share |
|
Title of 12(b) Security |
Class A Common Stock, par value $0.00001 per share
|
Trading Symbol |
MOBX
|
Security Exchange Name |
NASDAQ
|
Redeemable warrants, each warrant exercisable for one share of Class A Common Stock |
|
Title of 12(b) Security |
Redeemable warrants, each warrant exercisable for one share of Class A Common Stock
|
Trading Symbol |
MOBXW
|
Security Exchange Name |
NASDAQ
|
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