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Mobilicom

MOB
22
Communication Equipment · Technology
Price
$5.14
-0.05 (-0.96%)
Market Cap
$61.5M
Exchange
NASDAQ
Winston Score
22
Winston is worried
Weak fundamentals across most pillars.

Share count rising — dilution

+717.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 1.1M (2021) → 8.9M (2025)

Mobilicom is a small Israeli technology company that builds secure communication and networking systems for drones, robots, and other unmanned vehicles. Its main products include radio modules, software-defined networking tools, and cybersecurity solutions sold to defense contractors, government agencies, and commercial drone makers. The company focuses on the fast-growing market for unmanned systems, where reliable and secure wireless links are critical.

Mobilicom earns revenue by selling hardware units and software licenses, primarily to customers in Israel, the United States, Europe, and Australia. It is a very small company with a market cap around $100 million, and its edge comes from specialized technology designed specifically for the harsh communication demands of unmanned platforms — an area where few competitors focus. However, the company currently spends far more than it earns, reflected in its deeply negative operating margin, so its main near-term risk is whether it can grow revenue fast enough to reach profitability before needing to raise additional capital.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+308.9% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-204.5% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$5M/ year

Rising (+130% vs prior year)

145.6% of revenue

9.7x the sector average (15%)

Investing heavily in future products and technology

Insider Activity

42.7%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Runway

5+ years

Quarterly Free Cash Flow

→ Burn rate stable

$19M cash & investments at current burn rate

Revenue accelerating

Mobilicom grew revenue 309% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
51.8%
Healthy — 51.8% gross margin
Operating Margin
-389.9%
Losing money on operations — -389.9%
ROCE
-84.5%
Weak — -84.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
+17.6%
Fast-growing sales (17.6% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-79.4%
Burning cash (-79.4%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
N/A
Data not available
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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