Mobilicom develops 4G Mobile networking, end-to-end hardware, software and integration services for commercial and industrial drones

KEY TAKEAWAYS:

  • Mobilicom’s Q4 2018 activities report has been released.
  • Total cash receipts (from customers, grants and interest) FY 18 amounted to $3,295,000.
  • Mobilicom Limited ended the year by continuing to drive new and recurrent revenue in both Government
    & Enterprise and Commercial Drone & Robotics sectors.
  • The company has acquired 8 new customers for both the Mobilicom and SkyHopper entities.
  • Mobilicom and SkyHopper presented solutions for a range of applications including Non-GPS underground, public safety operations, Mobile MESH network for HLS and Disaster Relief Applications.

Mobilicom Limited develops 4G Mobile MESH private networking technology for government and
enterprise applications under its Mobilicom business, and provides end-to-end hardware, software and
integration services for commercial and industrial drones and robotics under its SkyHopper business.

The companies Quarterly Activities Report reveals:

Financials

Total cash receipts (from customers, grants and interest) FY 18 amounted to $3,295,000 up 64% and a
$1,282,000 increase over FY 17.

Total receipts from customers FY 18 amounted to $2,831,000, up 62% from FY 17.

The Company has maintained a strong cash balance of about $5m.

Operational Highlights

Mobilicom ended the year by continuing to drive new and recurrent revenue in both Government and Enterprise and Commercial Drone & Robotics sectors.

The company has acquired 8 new global customers for the Mobilicom and SkyHopper entities, originating from the US, Germany, Japan Singapore and Israel.

Mobilicom Limited closed Q4 2018 with 10 successful POCs, several of which have already resulted in
orders. The POCs took place with both Mobilicom and SkyHopper in the US, China, Germany, France,
Singapore, S. Korea and the Czech Republic.

Mobilicom and SkyHopper presented solutions for a range of applications including Non-GPS underground, public safety operations, Mobile MESH network for HLS and Disaster Relief Applications.

 

About Mobilicom Limited (ASX: MOB)

Mobilicom designs, develops and markets solutions for mission critical and remote mobile private communication networks without the need for, or use of, any existing infrastructure. Mobilicom’s products and technology merge 4G communication with Mobile MESH technologies into a unified solution, with several product families that have been commercially deployed. Mobilicom’s SkyHopper entity targets the Professional, Commercial and Industrial UAV market.

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