Mobix Labs, Inc.

Overview

• Headquartered in Irvine, California.
• Designs, develops, and sells components and systems for wireless and wired connectivity, RF, switching, and EMI filtering technologies.
• Serves defense, aerospace, commercial, industrial, and other HiRel sectors.
• Pursues acquisitions to expand revenue-generating technologies and aligned markets.
• Merged with Chavant Capital Acquisition Corp in December 2023; Chavant’s name changed to Mobix Labs, Inc., and the legacy Mobix entity became a subsidiary.
• Post-merger acquisitions:
  • EMI Solutions, Inc. — acquired December 18, 2023 (interconnect and EMI filtering products for aerospace, military, defense, and medical).
  • RaGE Systems, Inc. — acquired May 21, 2024 (wireless systems solutions including 5G, mmWave imaging, and software-defined radio).

Products and solutions

• Wireless systems solutions
  • High-performance RF and mmWave wireless technology, software-defined radio, mmWave imaging, and RFICs for defense, aerospace, commercial, and industrial use.
  • Applications include communications, sensing and detection, and microelectronics.
  • Product lines and capabilities:
    • mmWave and RF communication components and systems
    • mmWave imaging and sensing modules
    • Software-defined radio platforms
    • Custom RF ICs and chipset design (CMOS-based approach planned)
    • SMART Edge device launched in 2024: software-manageable autonomous radio transceiver for edge deployments (RF spectrum analysis, RF node functionality, etc.)
• Interconnect products
  • EMI filtering inserts and filtered/non-filtered connectors for aerospace, military, defense, and medical applications.
  • EMI filters to address electromagnetic interference and ensure signal integrity in complex systems.
  • Emphasis on high-reliability EMI solutions for mission-critical applications.

Markets and end markets

• Aerospace and defense (HiRel)
• Industrial and commercial applications
• Healthcare
• Security and infrastructure sensing/detection (airports, borders, critical infrastructure)
• Satellite communications (LEO SATCOM convergence with terrestrial networks)
• Satellite, private networks, and 5G small cell deployments as growth areas

Customers

• Primary customers supply aerospace, military, defense, industrial, and healthcare solutions.
• For the year ended September 30, 2025, Leidos Holdings, Inc. accounted for approximately 50% of net revenues.
• No other single customer accounted for 10% or more of net revenues.

Manufacturing and supply chain

• Majority of interconnect products and wireless systems solutions produced in-house; some processes outsourced to contract manufacturers.
• Interconnect products for national security and defense are manufactured in the United States, with limited exceptions.
• mmWave wireless IC products: wafer fabrication outsourced to third-party wafer manufacturers; device assembly and packaging outsourced to third parties.
• Raw materials and components sourced through third-party suppliers, including suppliers outside the U.S., creating exposure to offshore supplier risks and currency/availability dynamics.
• Focus on maintaining supply chain resilience and manufacturing efficiency to support growth.

Intellectual property

• IP portfolio comprising patents and trade secrets.
• Protection through patents, trademarks, trade secrets, and confidentiality agreements.
• Ongoing efforts to maintain freedom to operate and protect proprietary technology.

People and facilities

• Total U.S. employees (as of September 30, 2025): 46
  • Research and development: 11
  • Sales and marketing: 2
  • Manufacturing: 15
  • General and administrative: 18
• Leased facilities:
  • Irvine, CA — Corporate HQ: 2,713 sq ft
  • Irvine, CA — Design, manufacturing and sales: 6,149 sq ft
  • Lowell, MA — Design, manufacturing and sales: 7,814 sq ft
  • Newburyport, MA — Design: 2,400 sq ft

Financial snapshot (selected figures)

• Losses from operations: $37.7 million for the year ended September 30, 2025; $46.4 million for 2024.
• Accumulated deficit: $150.6 million as of September 30, 2025.
• Warrants outstanding as of September 30, 2025: exercisable for an aggregate of 25,085,732 shares of Class A Common Stock (subject to adjustments).
• The company has engaged in ATM and resale registration activities related to its equity securities.

Strategic and corporate notes

• Growth strategy centers on developing advanced mmWave, RF, and EMI filtering technologies and on pursuing acquisitions to expand product lines and markets.
• Focus on scaling through internal development, strategic partnerships, and accretive acquisitions.
• Public company structure includes a dual-class voting arrangement (Class B with enhanced voting power) and ongoing Nasdaq listing considerations.