Mobix Labs (NASDAQ:MOBX) Posts Earnings Results

Mobix Labs (NASDAQ:MOBX) posted its quarterly earnings data on Monday. The company reported ($0.29) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $5.86 million during the quarter. Mobix Labs had a negative net margin of 381.82% and a negative return on equity of 5,149.05%.

Mobix Labs Trading Down 6.7%

NASDAQ MOBX opened at $0.24 on Wednesday. The company has a current ratio of 0.14, a quick ratio of 0.09 and a debt-to-equity ratio of 3.25. Mobix Labs has a 1-year low of $0.17 and a 1-year high of $1.67. The firm’s fifty day simple moving average is $0.45 and its 200-day simple moving average is $0.74. The company has a market capitalization of $14.55 million, a PE ratio of -0.22 and a beta of -0.08.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobix Labs in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Mobix Labs presently has an average rating of “Sell”.

Insider Buying and Selling at Mobix Labs

In other Mobix Labs news, CFO Keyvan Samini sold 211,672 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $0.32, for a total value of $67,735.04. Following the completion of the sale, the chief financial officer directly owned 2,671,661 shares of the company’s stock, valued at $854,931.52. The trade was a 7.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 32.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. XTX Topco Ltd increased its position in shares of Mobix Labs by 47.4% during the second quarter. XTX Topco Ltd now owns 38,671 shares of the company’s stock valued at $30,000 after purchasing an additional 12,443 shares during the period. Focus Partners Wealth increased its holdings in shares of Mobix Labs by 64.3% during the first quarter. Focus Partners Wealth now owns 1,642,857 shares of the company’s stock worth $1,467,000 after buying an additional 642,857 shares in the last quarter. Finally, Armistice Capital LLC bought a new position in Mobix Labs in the 2nd quarter valued at $3,272,000. Institutional investors own 8.56% of the company’s stock.

About Mobix Labs

Mobix Labs, Inc (NASDAQ: MOBX) is a technology company specializing in device intelligence software and services for the mobile device lifecycle. The company’s core platform enables real-time testing, authentication and diagnostic verification of smartphones and other connected devices. By combining automated testing tools with data analytics, Mobix Labs helps carriers, retailers, original equipment manufacturers (OEMs) and repair centers streamline operations and reduce return rates, fraud and waste.

Mobix Labs offers a suite of products designed to support the full spectrum of device management.