Mobix Labs (NASDAQ:MOBX) Announces Earnings Results

Mobix Labs (NASDAQ:MOBX) released its earnings results on Wednesday. The company reported ($0.52) earnings per share (EPS) for the quarter, Zacks reports. Mobix Labs had a negative net margin of 310.99% and a negative return on equity of 214.76%.

Mobix Labs Price Performance

Mobix Labs stock traded down $0.01 during midday trading on Friday, reaching $1.30. The company’s stock had a trading volume of 129,346 shares, compared to its average volume of 1,079,396. Mobix Labs has a 52 week low of $0.55 and a 52 week high of $3.62. The company has a current ratio of 0.20, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $1.42 and a 200-day moving average price of $1.10. The stock has a market cap of $47.96 million, a PE ratio of -1.69 and a beta of -0.33.

Mobix Labs Company Profile

Mobix Labs, Inc, a fabless semiconductor company, provides wireless and connectivity solutions for next generation communication systems, including C-Band and mmWave 5G and high bandwidth cable applications. Its products include True5G chipset solutions; true xero active optical cables and related products designed to deliver fiber optic connectivity for a range of applications, including 5G infrastructure, autonomous vehicles, Pro A/V, AR/VR, remote medical systems, and others; electromagnetic interference filters deployed in aerospace, military, defense, medical, and healthcare products.