Mobix Labs is gearing up for a bull market!We're back with a new stonk after doing about a 7x on SEALSQ! I don't have much time to write an in depth analysis so please do your own research on this company.
Mobix Labs looks to be settling in their growth market, defense contracts signed and a possible acquisition. Earnings are TOMORROW Dec 19th, so of course this is risky - bad earnings could dump the stock significantly. If however, earnings are good and the investor call brings some good news, this one could fly. Technical breakout target is $10 and I like the nice retest on the bull market support band. $2.16 is the first resistance to break and to retest for a first move towards $3.5.
Let's see, remember these are low caps and risky!
MOBIX
MOBX resistance / support flip, target: +100% nextMobix Labs had volatile pa after earnings, an overreaction as revenue was up over 400% beating estimates. They're still at an operating loss, which is normal for a startup.
Story is simple, they did multiple acquisitions this year:
RaGE Systems:
Revenue for 2024: Not specified.
Acquisition Cost: Approximately $2 million in cash, $10 million in Mobix Labs stock, and possible earn-out payments up to $8 million over eight fiscal quarters.
Description: Provides radio frequency joint design and manufacturing services.
J-Mark Connectors Inc.:
Revenue for 2024: Not specified.
Acquisition Cost: Financial terms remain undisclosed.
Description: Specializes in custom interconnect solutions for industries like aerospace, military, and defense.
Spacecraft Components Corp.:
Revenue for 2024: Not specified, but 2023 unaudited revenues were $18.1 million with forecasted growth for the next two years.
Acquisition Cost: Between $18 million and $24 million, with consideration to be paid in a combination of cash and equity, subject to earnout provisions.
Description: Manufactures mission-critical electronics for the aerospace, defense, and transportation sectors.
Now especially Spacecraft Components Corp. is notably as they do 18.1 million in revenue and are worth roughly 22 million. Mobix Labs reported about 3 million in revenue yesterday.
This means they will do 7x the revenue after the acquisition is completed in Q1 2025. Next to that they secured the following contracts in 2024 that are not part of the current revenue:
In 2024, Mobix Labs, Inc. secured the following contracts:
M-1 Abrams Tank Army Contract: for filtered connectors.
Sole Source Supply Contract: with Gulfstream Aerospace Corp. for custom filtered connectors used in their business-jet aircraft.
GE HealthCare and PerkinElmer Contract: for the sale of proprietary electromagnetic filtering products used in pharmaceutical diagnostics and digital imaging solutions.
Tomahawk Missile System Contract: for filtered connector parts.
Javelin Missile System Contract: for guidance system components.
A 15-month Contract: to supply critical components for aerospace and defense applications, though specific details about the customer or components were not specified.
EMI Interconnect Solutions: announced new filtered ARINC connectors and secured aerospace customers.
These contracts span various sectors, focusing mainly on military, defense, aerospace, and medical applications.
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Looks to me this company is undervalued and has a lot of growth ahead in 2025... I added on the dip and any buy under $2 should be good long term.
Short term pa looks like a support resistance flip and a next target of $3.52 - I also like that this stock isn't popular whatsoever, similar to LAES (SEALSQ) when I found it.
A patient hold for me, DYOR, happy holidays!