Mobilicom Ltd
Mobilicom Ltd develops cybersecure communications, networking, and command-and-control solutions for drones and robotics. Its portfolio combines datalinks, mesh networking, ground control stations, cybersecurity software, and related services for unmanned systems used in defense and industrial applications, with customers across multiple regions.
Fiscal year 2025 · change from previous year
Development 2022–2025
Business
Share of revenueSecure radio and data-link products that connect and control unmanned systems.
Portable command-and-control hardware for operating drones and robotics.
Networking products that extend resilient communications across fleets and missions.
Security layers that protect unmanned platforms from interception and disruption.
Integration, support, and deployment services around Mobilicom systems.
Customers
Mobilicom sells to drone and robotics manufacturers that embed its modules and systems into their platforms. Reported customers include Tier-1 defense drone manufacturers, robotics-platform makers, and commercial unmanned-system developers, with deployments spanning military and industrial use cases. The company also serves customers that need secure command-and-control tools for mission-critical operations.
Buy embedded datalinks, cybersecurity, and control systems for ISR and other military UAVs.
Buy ground control stations and networking products for unmanned ground and air systems.
Buy secure communications and software to differentiate commercial platforms.
Buy through platform partners for long-term defense deployments and procurement programs.
Strategy
Mobilicom’s strategy centers on winning design-ins with Tier-1 drone and robotics platforms so its hardware and software are embedded in customer systems over multiple production cycles. It is also expanding the mix of solutions sold to each customer by cross-selling datalinks, mesh networking, ground control stations, and cybersecurity modules. The company is positioning itself around mission-critical reliability, platform incumbency, and recurring program wins in defense and industrial unmanned systems.
Embedding products early increases switching costs and long-term revenue visibility.
Selling datalinks, networking, and ground control stations raises account value.
Program-of-record participation can extend product life across production ramps.
Geography
Mobilicom operates globally and sells into multiple international markets, with reported deployments across the globe and a recent production order from an Asia-based robotics customer. The company is headquartered in the United States and appears to have meaningful exposure to U.S. and allied defense programs as well as Asia-based industrial and defense customers. Geography matters because its products are tied to local defense procurement, manufacturing programs, and platform rollouts.
Risks
Mobilicom depends on a limited number of platform wins, so delays, cancellations, or redesigns at key customers could materially affect demand. Its business is also exposed to defense procurement cycles, export controls, and geopolitical restrictions because many products are used in military and security-sensitive applications. As a hardware-and-software supplier in unmanned systems, it also faces competition, certification demands, and execution risk as customers scale production.
- Customer concentrationImpact: HighLikelihood: High
A small number of Tier-1 platform wins can drive a large share of orders and momentum.
Exposure: Defense drone OEMs and robotics platform makers
- Program timing and customer rampsImpact: HighLikelihood: High
Production orders depend on customer platform deployment schedules and procurement cycles.
Exposure: Program-of-record and OEM rollouts
- Defense and export controlsImpact: HighLikelihood: Medium
Products used in military and allied programs may face licensing and country restrictions.
Exposure: Cross-border shipments and defense customers
- Technology competitionImpact: MediumLikelihood: Medium
Customers can switch to alternative datalink, cybersecurity, or control solutions.
Exposure: Drones and robotics communications
Accounting
Judgemental itemsOrders may include hardware, software, and services with different recognition patterns.
Impact: Timing of revenue and gross profit
Bundled products require allocation of transaction price across deliverables.
Impact: Reported mix and margin presentation
Non-cash equity awards can materially affect IFRS results and adjusted metrics.
Impact: Net loss and adjusted EBITDA
Technology assets and capitalized development may require periodic assessment.
Impact: Balance-sheet carrying values
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Last updated: 28/09/2026