Mobix Labs Plans 1-for-10 Reverse Split, Secures $3.2M TSA Scanner Order
Mobix Labs will implement a 1-for-10 reverse stock split on April 7, 2026, to boost its share price. The company also secured a $3.2 million TSA body scanner order, lifting total program activity past $6 million, with revenue recognized over the next three quarters.
1. Reverse Stock Split Plan
On April 7, 2026, Mobix Labs will implement a 1-for-10 reverse stock split, reducing shares outstanding by 90% to increase its per-share price and enhance marketability. The move is designed to meet investor thresholds and maintain compliance with listing requirements.
2. Major TSA Technology Order
Mobix Labs secured a $3.2 million order for its screening technology used in TSA body scanners at U.S. airports, bringing total program commitments to over $6 million. This expanded contract underscores the company’s strategic role in airport security infrastructure.
3. Revenue Recognition and Financial Impact
Revenue from the TSA contract will be recognized over the next three quarters, with shipments scheduled through December 31, 2026, ensuring a steady cash flow stream. This additional program activity supports financial stability and bolsters growth projections for the remainder of the year.
4. Technology Application and Market Position
Mobix’s full-body screening systems deliver high accuracy, speed and reliability for passenger screening at major airports. Continued adoption of this technology reinforces the company’s competitive positioning within the airport security market.