Semiconductor and wireless technology company Mobix Labs reported approximately $1.8 million in fiscal fourth-quarter revenue, up 129% from the previous three-month period, and a more than threefold expansion in GAAP gross margin to approximately 44.5%, according to preliminary unaudited results
“Management anticipates continued revenue growth as the company builds on its fourth-quarter operating recovery,” the Irvine-based company (Nasdaq: MOBX) said in a statement yesterday.
Shares in Mobix Labs rose 1.7% to 58 cents apiece, for a market cap of $10.4 million.
