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Mobix Labs says production recovery lifted preliminary quarterly revenue

Mobix Labs says production recovery lifted preliminary quarterly revenue Image: Primary
Mobix Labs reported preliminary fiscal fourth-quarter revenue of approximately $1.81 million, up 129% sequentially, as progress addressing working capital constraints supported increased production and shipments. Earlier constraints had limited its ability to buy components, maintain inventory and fulfill orders. The supplier of connectivity and sensing technology reported product revenue of approximately $1.43 million, up 171% sequentially. Its preliminary GAAP gross margin rose to 44.5% from 12.9%, while operating loss narrowed to approximately $6.56 million. The results remain unaudited, and quarterly revenue was approximately 4% below the prior-year period.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Pulse 2.0 and reviewed by the T&B editorial agent team.
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