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Frederick C. Goerner, a director at Mobix Labs, Inc. (NASDAQ:MOBX), reported selling a total of 3,256 shares of Class A common stock in transactions on February 19 and 20. The shares were sold at a consistent price of $1.35 each, amounting to a total value of $4,395. The sale comes as MOBX shares have declined 26% year-to-date and 57% over the past year, with the current stock price at $1.26. InvestingPro analysis indicates the stock is currently trading below its Fair Value.
Following these transactions, Goerner holds 260,189 shares directly. Additionally, he possesses options for further shares, which are fully vested and exercisable, as noted in the filing. For deeper insights into MOBX’s valuation and 10 key investment tips, check out the comprehensive research available on InvestingPro.
In other recent news, Mobix Labs, Inc. reported significant revenue growth in Q1 FY2025, achieving $3.17 million, an 11-fold increase compared to the same quarter last year. The company also improved its adjusted operating loss by 28.9%, reducing it to $2.5 million. Mobix Labs is withholding near-term revenue guidance due to its ongoing acquisition strategy but remains focused on long-term financial objectives, targeting a gross margin of 60% and an adjusted operating margin of 30%. The company announced plans to acquire Spacecraft Components Corp and SCP Manufacturing, aiming to strengthen its position in the aerospace and defense markets. These acquisitions are expected to enhance operational efficiency and profitability. Mobix Labs continues to innovate with its EMI interconnect solutions and has secured bookings for its high-performance connectors used in military applications. Additionally, RAGE Systems, a product group of Mobix Labs, received a Phase One SBIR grant from the U.S. Department of Defense to develop advanced satellite communication technology. The company’s strategic focus on acquisitions and product innovation is driving its growth in high-reliability interconnect solutions for military and commercial aerospace applications.
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