5G chip company Mobix Labs (Nasdaq: MOBX) said it expects the 2025 fiscal year that ended Sept. 30 to show a jump in revenue and a narrower operating loss, according to “selected preliminary, unaudited financial results” released today. Shares in Mobix Labs fell 9% to 40 cents each during today’s Nasdaq trading session after the release.
Total net revenue for fiscal 2025 is expected to be between $9.7 million and $9.9 million, compared to $6.4 million in fiscal 2024, representing an increase of approximately 54% year over year, Irvine-based Mobix Labs said in a statement.
GAAP loss from operations for fiscal 2025 is expected to be in the range of $37.7 million to $37.8 million, narrower than the $46.4 million in fiscal 2024.
Mobix said final results will be published in its annual report for the fiscal year 2025. The company’s intraday market cap was $25 million today on an intraday basis.
