Mobilicom Limited reported its full year 2024 financial results on March 27, 2025, with total revenue reaching $3.64 million, marking a 62% increase from fiscal year 2023. The company also reported a healthy gross profit margin of 57.60% for the trailing twelve months.
Despite the revenue growth, Mobilicom reported a net income of -$8.01 million for 2024, reflecting its investment phase in R&D and market expansion. The company maintained a strong cash position of $8.6 million, coupled with a low average monthly net burn rate of $267,000.
These financial results indicate accelerating momentum, supported by recent operational wins such as the addition of Mobilicom’s systems to the U.S. Department of Defense’s Blue UAS Framework and the traction of its OS3 cybersecurity software platform. The strong cash position provides a runway for continued strategic execution and growth.
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