RF specialist Mobix Labs advises of 70% percent sales jump
After the successful execution of its acquisition of Rage Systems, RF startup Mobix Labs Inc. (Irvine, Calif.) has said it expects a substantial increase in 3QFY24 sales.
Mobix, founded in 2020, started trading on Nasdaq on December 21, 2023. The company is a fabless semiconductor company delivering wireless and wired connectivity, RF, imaging, switching and filtering technologies for next-generation communication systems.
“I am pleased to share that Mobix Labs is poised for a substantial revenue increase of over 70 percent sequentially this quarter, surpassing $2 million,” said Keyvan Samini, CFO of Mobix Labs, in a statement. “This remarkable 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.”
“We are tracking well to our scalable growth plan as we lay the foundational elements necessary to execute our strategy,” said Fabian Battaglia, CEO of Mobix Labs, in the same statement. “We are also pleased with the increased number of opportunities for both components and systems product lines and pursuing sizable platform design wins.”
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