Mobilicom Ends ATM Facility with $19M Cash and DoD Program Ramp-Up
Mobilicom has terminated its at-the-market sales facility set up in February 2025, citing a strengthened position with $19 million cash on hand and low monthly burn. The company expects a production ramp-up from its U.S. Tier-1 drone customer’s Department of Defense Program of Record win to drive consistent revenue growth.
1. ATM Facility Termination
Mobilicom delivered notice to terminate its at-the-market sales agreement established in February 2025, removing its option to issue new shares through the facility.
2. Strengthened Balance Sheet
Following fiscal 2025 results, Mobilicom reported $19 million in cash and a low monthly burn rate, indicating its balance sheet can support operations and growth without further equity issuance.
3. Growth Drivers and Outlook
Mobilicom attributes its strengthened position to the production ramp-up from a U.S. Tier-1 drone customer’s Department of Defense Program of Record win and forecasts consistent revenue momentum across its broader customer base in coming years.