Mobilicom reports 1H results

Mobilicom press release ( NASDAQ: MOB ): 1H revenues increased 232% year-over-year to $1.8 million driven by initial production scale orders from U.S.

and Israeli Tier-1 customers. Operating net burn rate for the six months ended June 30, 2024 was $1.1 million averaging approximately $180,000 per month 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 EPS loss of $0.



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