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James J. Peterson, a director and significant shareholder of Mobix Labs, Inc. (NASDAQ:MOBX), recently sold a substantial number of shares in the company. According to a recent SEC filing, Peterson sold 146,732 shares of Class A common stock on March 7, 2025. The shares were sold at a weighted average price of $1.04, resulting in a total transaction value of approximately $152,601. The sale comes amid a challenging period for MOBX, with the stock down over 40% year-to-date and showing high volatility according to InvestingPro data. Following this sale, Peterson retains ownership of 2,115,574 shares in Mobix Labs, representing a significant portion of the company’s $38.47M market capitalization.
In addition to the sale, the filing also disclosed Peterson’s holdings of options to purchase additional shares of Mobix Labs. These options, which are fully vested and exercisable, include 20,000 shares at an exercise price of $4.18 and 133,416 shares at an exercise price of $6.84. These options have expiration dates in 2030 and 2032, respectively.
The transactions reflect Peterson’s ongoing involvement with the company, where he serves as both a director and a significant shareholder, maintaining a direct ownership stake in Mobix Labs.
In other recent news, Mobix Labs Inc. reported a strong performance in the first quarter of fiscal year 2025, with revenue reaching $3.17 million. This marks an 11-fold increase compared to the same quarter last year and a 7.3% sequential growth. Additionally, the company improved its adjusted operating loss by 28.9%, reducing it to $2.5 million. Mobix Labs is withholding near-term revenue guidance due to ongoing acquisition strategies but maintains long-term financial goals of achieving a gross margin of 60% and an adjusted operating margin of 30%.
The company has announced plans to acquire Spacecraft Components Corp and SCP Manufacturing, which are expected to bolster its presence in the aerospace and defense markets. These acquisitions are anticipated to enhance operational efficiency and profitability. In governance matters, Mobix Labs’ shareholders recently approved the election of board members Kurt Busch, William Carpou, and Fabrizio Battaglia, along with the ratification of the company’s independent registered public accounting firm. These developments reflect Mobix Labs’ strategic focus on growth and governance.
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