Business Wire·Nov 10, 2026, 8:00 AM ET

Mobix Labs Turnaround Accelerates: Revenue Surges 129% as Gross Margin More Than Triples

Mobix Labs reported preliminary, unaudited fourth-quarter fiscal 2026 results showing a 129% sequential revenue increase to approximately $1.81 million.
Product revenue surged 171% sequentially to approximately $1.43 million, reflecting a recovery in the product business.
GAAP gross margin expanded to approximately 44.5% from 12.9% in the preceding quarter, while gross profit increased nearly eightfold to $804,000.
GAAP operating loss narrowed 11% to approximately $6.56 million, with GAAP net loss declining 46% to $9.09 million.
Approximately 36% of the operating loss consisted of noncash stock-based compensation totaling $2.36 million.
Full-year fiscal 2026 included $23.43 million in noncash & financing-related charges, equivalent to 56% of the preliminary GAAP net loss of $41.86 million.
Accounts payable declined 46% year-over-year to $4.88 million as of September 30, 2026.
Total liabilities reduced 21% to $29.63 million, while current liabilities decreased 16%.
Stockholders' equity improved by $5.2 million, shifting from a deficit of $336,000 to an equity of $4.87 million.
Management attributes the sequential revenue growth to resolved working capital constraints that enabled increased production & shipments.
The company anticipates continued revenue growth while relying on access to working capital, critical components, & manufacturing capacity.
All reported figures remain preliminary, unaudited, & subject to final reconciliation prior to the Form 10-K filing.