Shares of Mobix Labs Inc. soared 533% after it announced a new “significant” order for components for the U.S. Navy’s Tomahawk missiles.
The shares jumped 94 cents to $1.12 and a $115 million market cap in regular trading today. On Feb. 17, the shares hit an all-time low of 13 cents each.
“This order reflects active, ongoing production demand within an operational U.S. Navy weapons platform,” Mobix Chief Executive Phil Sansone said in a statement. “We are already integrated into the Tomahawk program, and as production volumes increase, demand for our proven high-reliability filtering component increases alongside it. That is the advantage of being a qualified, production-ready supplier on an active U.S. defense platform where demand scales into larger orders.”
The Tomahawk cruise missile is a core, long-range strike weapon in the U.S. military arsenal, typically launched from U.S. Navy surface ships and submarines. The company alluded to last weekend’s U.S. attack on Iran when it said, “Recent public reporting has referenced Tomahawk missiles in active military operations, underscoring the platform’s continued operational relevance.”
The company reported revenue rose 55% to $9.9 million for the fiscal 2025 year that ended Sept. 30.
