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Mobix Labs Announces Mid-Quarter Business Update [Yahoo! Finance]

Mobix Labs, Inc. - Class A (MOBX) 
Company Research Source: Yahoo! Finance
IRVINE, Calif., March 11, 2024 BUSINESS WIRE Mobix Labs , Inc. (Nasdaq: MOBX), a fabless semiconductor company developing disruptive next-generation connectivity solutions that span from wired to wireless solutions, including 5G, today announced a mid-quarter business update. Keyvan Samini, President and CFO of Mobix Labs, commented: "Mobix Labs anticipates a significant increase in revenue, projecting 250% growth from the previous quarter. This increase can be attributed to several factors, including an expanding customer base as a result of our recent acquisition of EMI Solutions. EMI has already demonstrated promising results, contributing substantially to our anticipated revenue growth. We anticipate surpassing the $1 million mark in revenue this quarter, a testament to the immediate traction gained from EMI's offerings, and successful execution of our merger and acquisition strategy." "The demand for Mobix Labs' filtered connectors, flex assemblies, and filter inserts remain Show less Read more
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