today announced that one of its current customers, a Tier-1 Israel-based defense company that is one of the world’s largest loitering munitions providers, has selected the Company’s MCU-30 Lite and MCU-30 Ruggedized Mobile MESH products as key components for its new platform of perimeter protective drone fleets. This marks Mobilicom’s programs expansion with this Tier-1 customer by entering another platform, with prior design wins leading to production-scale orders as the customer’s new solutions have rolled out to market. The customer, which reports approximately $4 billion in annual revenue, is a prime vendor for Lockheed Martin in the U.S. and a major supplier of defense systems, including loitering munitions, sold to over 40 countries, including European Union and NATO member countries.
Even if it's not all that risky, not being cash-flow-positive puts it in the firing line when bond yields move up and risk asset sell off as a consequence. Could last a while longer but $3 and change already seems an attractive level to me.
today announced that one of its current customers, a Tier-1 Israel-based defense company that is one of the world’s largest loitering munitions providers, has selected the Company’s MCU-30 Lite and MCU-30 Ruggedized Mobile MESH products as key components for its new platform of perimeter protective drone fleets. This marks Mobilicom’s programs expansion with this Tier-1 customer by entering another platform, with prior design wins leading to production-scale orders as the customer’s new solutions have rolled out to market. The customer, which reports approximately $4 billion in annual revenue, is a prime vendor for Lockheed Martin in the U.S. and a major supplier of defense systems, including loitering munitions, sold to over 40 countries, including European Union and NATO member countries.
https://seekingalpha.com/pr/19982411-mobilicom-s-cybersecure-mcuminus-30-selected-by-one-of-the-world-s-largest-loitering
Any reason it's getting crushed today?
Not really, it's a volatile stock in a bad market.
Thoughts on big weakness today. I added 1,000 shares.
Even if it's not all that risky, not being cash-flow-positive puts it in the firing line when bond yields move up and risk asset sell off as a consequence. Could last a while longer but $3 and change already seems an attractive level to me.