Mobilicom reports 1H24 EPS (11c) vs. (11c) last year

Reports 1H24 revenue $1.8M vs. $543,431 last year. Confirmed order backlog as of June 30, 2024 was $700,000 and it is expected be fulfilled in the second half of 2024; Backlog increased substantially following the end of H1.”Per our strategy, our Tier-1 customers won significant large and growing contracts with U.S. DoD and European Union programs. We believe this is a very strong indicator of Mobilicom’s growth potential for years to come,” stated Mobilicom CEO and Founder Oren Elkayam. “Conflicts across Europe and the Middle East, as well as tension between China and Taiwan are accelerating demand and budget allocations for autonomous systems. Moreover, the rise of electronic warfare underscores the critical importance of cybersecurity, putting our ICE Suite at the center of essential defense systems. All of these factors converge to drive increasing demand for Mobilicom’s systems.”