Mobilicom Ltd

Analysis for Ticker: MOB

Mobilicom Ltd produces cybersecurity systems and smart data links for drones and robotic platforms used in the defense and industrial sectors. But the company is essentially an engine for moving money from public investors to its own management. By 12/2025, they generated a tiny 3,36$ million in revenue while posting a massive net loss of 23,7$ million. This is like one child trying to run a lemonade stand who only sells 3$ of lemonade but spends 23$ of his parents money on new clothes and toys. It is a mathematical disaster because the people inside are taking all the value while the business itself loses millions every single month. The process of taking value began on 15/03/2017, when company officers Oren Elkayam and Yossi Segal were given 109.698 shares for exactly 0$. They continued to receive free stock and options over the years, and by 06/2025, Elkayam was handed another 452.154 shares for nothing. To turn this free paper into hard cash without looking like they were abandoning a sinking ship, they set up automated selling plans in 08/2025. These plans let one computer sell their shares for them so they could claim they were not paying attention to the business.