Mobix Labs wins contract for drone-based rail inspection technology

IRVINE, Calif. - Mobix Labs, Inc. (NASDAQ:MOBX), a technology company with a market capitalization of $67.8 million and impressive revenue growth of 180% over the last twelve months, has secured a contract to develop drone-based, AI-powered inspection technology for the U.S. rail industry through its Wireless division, RaGE Systems, the company announced Thursday.

The technology aims to address inspection challenges for the more than 100,000 railroad bridges across the United States, including approximately 30,000 wooden trestles that are over a century old. Current inspection methods are described as slow, costly, and potentially hazardous for workers.

The new system will utilize drones equipped with artificial intelligence to scan bridges, identify structural weaknesses, and provide real-time results, according to the company.

"This program shows the potential of combining drones with AI to tackle one of America’s toughest infrastructure challenges," said Russell Cyr, General Manager and Vice President of Mobix Labs Wireless, in the press release.

The contract represents Mobix Labs’ entry into the rail and infrastructure markets, expanding beyond its existing focus areas of defense and communications. The company claims the technology being developed could potentially be applied to other industries that require inspection solutions.

Mobix Labs, based in Irvine, California, describes itself as a fabless semiconductor company that provides wireless and wired connectivity solutions, RF technology, switching and filtering technologies for various markets including aerospace, defense, 5G, and medical sectors.

The financial terms of the contract were not disclosed in the company’s statement.

In other recent news, Mobix Labs, Inc. announced it has secured approximately $4.5 million through the immediate exercise of warrants to purchase around 5.5 million shares of its Class A common stock. The warrants were exercised at a price of $0.8202 per share, with Roth Capital Partners serving as the financial advisor for this transaction. Additionally, Mobix Labs completed unregistered equity and debt financings, totaling $2.15 million, to enhance its working capital and financial flexibility. The company entered into a Securities Purchase Agreement with Lendspark Corporation, issuing a secured promissory note valued at $550,000, which includes provisions for potential stock conversion in case of default. In corporate developments, Philip Sansone has been appointed as a Class I director on the board, with his term set to expire at the 2028 Annual Meeting of Stockholders. Mobix Labs also reported quarter-over-quarter revenue growth in its filter and interconnect products during the second quarter of 2025, driven by increased orders from U.S. defense contractors and aerospace applications. The EMI Filter Solutions subsidiary has seen heightened demand for its filtered connectors used in military systems and aerospace technologies.

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