Mobilicom (NASDAQ:MOB) executives said the company is seeing stronger demand signals from U.S. defense drone programs even as first-quarter revenue declined because of shipment timing tied to customer procurement schedules.
On the company’s quarterly earnings call, Co-Founder, CEO and Chairman Oren Elkayam framed Mobilicom as a supplier of cybersecurity, communications and electronic warfare software and hardware used inside drones, robotics and autonomous systems. Elkayam said the company sits at the convergence of drones, cybersecurity and autonomous robotics, with products designed to “power, connect, secure, and safeguard drones robotics.”
