$MOBX

MOBIX LABS, INC

CIK:0001855467|SEC Filings

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Net revenue:
Net revenue	$ 789	$ 2,350	$ 3,634	$ 8,030
Cost of revenue:
Cost of revenue	687	1,001	2,767	3,974
Gross profit	102	1,349	867	4,056
Operating expenses:
Research and development	411	486	1,281	1,816
Selling, general and administrative	7,045	8,208	21,864	32,043
Impairment of long-lived assets		725		725
Loss from operations	(7,354)	(8,070)	(22,278)	(30,528)
Interest expense	868	547	3,637	1,032
Change in fair value of earnout liability		(210)	(960)	(490)
Change in fair value of warrants	(108)	(612)	320	(1,237)
Change in fair value of notes payable	27		27
Loss on issuance of preferred shares and liability-classified warrants	3,707		3,707
Financing costs expensed	600	443	600	443
Loss on extinguishment of notes payable	3,791	17	4,218	300
Other non-operating (gains) losses, net	553	19	(1,036)	(165)
Loss before income taxes	(16,792)	(8,274)	(32,791)	(30,411)
Income tax provision (benefit)	3	(2)	(18)	(9)
Net loss and comprehensive loss	$ (16,795)	$ (8,272)	$ (32,773)	$ (30,402)
Net loss per share of Class A and Class B Common Stock:
Basic	$ (1.33)	$ (1.70)	$ (3.39)	$ (7.16)
Diluted	$ (1.33)	$ (1.70)	$ (3.39)	$ (7.16)
Weighted-average common shares outstanding:
Basic	12,640,059	4,878,530	9,683,935	4,247,441
Diluted	12,640,059	4,878,530	9,683,935	4,247,441
Product [Member]
Net revenue:
Net revenue	$ 529	$ 1,503	$ 2,533	$ 4,911
Cost of revenue:
Cost of revenue	528	655	1,933	2,912
Service [Member]
Net revenue:
Net revenue	260	847	1,101	3,119
Cost of revenue:
Cost of revenue	$ 159	$ 346	$ 834	$ 1,062

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	Jun. 30, 2026	Dec. 31, 2025	Jun. 30, 2025	Dec. 31, 2024	Jun. 30, 2026	Jun. 30, 2025	Sep. 30, 2025	Sep. 30, 2024
Operating activities
Net loss	$ (16,795)	$ (10,125)	$ (8,272)	$ (19,839)	$ (32,773)	$ (30,402)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	42		60		129	306
Amortization of intangible assets	395		407		1,195	1,285
Impairment of long-lived assets			725			725
Issuance of warrants to placement agent						280
Issuance of common stock for amendment of RaGE earnout					1,121
Change in fair value of earnout liability			(210)		(960)	(490)
Change in fair value of warrants	(108)		(612)		320	(1,237)
Change in fair value of notes payable	27				27
Loss on extinguishment of notes payable	3,791		17		4,218	300
Loss on issuance of preferred shares and liability-classified warrants	3,707				3,707
Noncash private placement costs expensed					514
Noncash financing costs expensed	600		443		600	443
Stock-based compensation	2,350		7,102		9,941	20,256
Deferred income taxes					(22)	(15)
Loss on disposal of assets						472
Other non-cash items					(389)	(508)
Changes in operating assets and liabilities:
Accounts receivable					588	1,331
Inventory					(27)	479
Prepaid expenses and other assets					(1,100)	(104)
Accounts payable					(2,835)	376
Accrued expenses and other current liabilities					1,027	903
Net cash used in operating activities					(14,719)	(5,600)	$ 10,113	$ 18,388
Investing activities
Proceeds from sale of property and equipment						27
Acquisition of property and equipment					(9)	(16)
Net cash provided by (used in) investing activities					(9)	11
Financing activities
Proceeds from sale of common stock and warrants in private placement						3,645
Proceeds from issuance of common stock					1,254	600
Proceeds from issuance of preferred shares and liability-classified warrants					1,975
Proceeds from exercise of stock options					55
Proceeds from issuance of common stock in public offering					5,360
Proceeds from exercise of warrants						17
Proceeds from issuance of notes payable					8,649	2,575
Principal payments on notes payable					(2,842)	(655)
Principal payments on notes payable - related parties					(854)	(445)
Deferred consideration paid for acquisition of business						(174)
Net cash provided by financing activities					13,597	5,563
Net increase (decrease) in cash					(1,131)	(26)
Cash, beginning of period		$ 3,273		$ 266	3,273	266	266
Cash, end of period	$ 2,142		$ 240		2,142	240	$ 3,273	$ 266
Supplemental cash flow information
Cash paid for interest					1,706	757
Cash paid for income taxes
Non-cash investing and financing activities:
Settlement of notes payable and other liabilities in common stock					$ 10,561	$ 1,361

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Sep. 30, 2025
Current assets
Cash	$ 2,142	$ 3,273
Accounts receivable, net	760	1,414
Inventory	1,462	1,435
Prepaid expenses and other current assets	1,666	593
Total current assets	6,030	6,715
Property and equipment, net	208	328
Intangible assets, net	12,324	13,519
Goodwill	16,066	16,066
Operating lease right-of-use assets	159	370
Other assets	147	115
Total assets	34,934	37,113
Current liabilities
Accounts payable	5,032	8,981
Accrued expenses and other current liabilities	9,114	11,122
Deferred purchase consideration	2,093	2,323
Notes payable – measured at fair value, current	3,360
Operating lease liabilities, current	156	274
Total current liabilities	22,147	27,786
Notes payable – related parties, noncurrent		1,099
Earnout liability	280	1,240
Deferred tax liability	299	321
Operating lease liabilities, noncurrent	3	96
Liability-classified warrants	3,047	6,859
Other noncurrent liabilities	935	48
Total liabilities	26,711	37,449
Commitments and contingencies (Note 9)
Preferred Stock, $0.00001 par value, of which 20,000 shares have been designated as Series A 10% Convertible Preferred Stock; 2,000 and no shares issued and outstanding at June 30, 2026 and September 30, 2025, respectively	1,975
Stockholders’ equity (deficit)
Additional paid-in capital	189,609	150,252
Accumulated deficit	(183,361)	(150,588)
Total stockholders’ equity (deficit)	6,248	(336)
Total liabilities, preferred stock and stockholders’ equity (deficit)	34,934	37,113
Common Class A [Member]
Stockholders’ equity (deficit)
Common stock, value
Common Class B [Member]
Stockholders’ equity (deficit)
Common stock, value
Nonrelated Party [Member]
Current liabilities
Notes payable, current	995	3,934
Related Party [Member]
Current liabilities
Notes payable, current	$ 1,397	$ 1,152