Mobix Labs is a small, early-stage company that designs and sells components and systems for wireless connectivity, RF, and EMI filtering applications, primarily for aerospace, defense, and medical customers. The company operates two product lines. The first is EMI Interconnect Solutions — EMI filter inserts and filtered connectors that reduce electromagnetic interference in mission-critical systems, including aircraft flight guidance systems and U.S. Army helicopters. The second is Wireless Systems Solutions — RF and mmWave-based products for security imaging, sensing, and communications, including mmWave imaging modules used to detect concealed objects at airports and ports, plus software-defined radio systems and RF engineering services. Mobix Labs generates revenue through direct product sales to OEMs and defense contractors, and through custom engineering and design services. The company sells directly and through distributors, particularly in Europe and Asia-Pacific. Customer concentration is significant — Leidos accounted for roughly 50% of FY25 revenues. Mobix Labs is not yet profitable and pursues an acquisition-driven growth strategy, targeting businesses with established revenue in defense, aerospace, transportation, and medical markets. Recent acquisitions include EMI Solutions and RaGE Systems, with Spacecraft Components Corp pending. The company carries meaningful operating losses and has limited cash on hand, making acquisition financing a central operational challenge.