Irvine-based chip company Mobix Labs Inc. (Nasdaq: MOBX) has forecast its revenue this quarter will top $2 million, a 70% increase over the previous three-month period.
Mobix Labs President and CFO Keyvan Samini said the growth “stems largely from our successful acquisition of RaGE Systems, which has significantly bolstered our revenue.”
“Looking ahead, we anticipate further growth in our market presence and revenue, driven by strategic acquisitions and robust product sales.” Samini added in a mid-quarter business update.
Shares in Mobix Labs closed down 7% at $1.87 apiece, and rose 4.3% in after-hours trading.
