05:34 PM EDT, 06/10/2024 (MT Newswires) -- Mobix Labs ( MOBX ) said late Monday that it is poised for a substantial revenue increase of over 70% sequentially this quarter, surpassing $2 million.

"This remarkable growth stems largely from our successful acquisition of RaGE Systems, which has significantly bolstered our revenue," said Chief Financial Officer Keyvan Samini. "Looking ahead, we anticipate further growth in our market presence and revenue, driven by strategic acquisitions and robust product sales."

Shares of Mobix ( MOBX ) were up about 4.3% in recent after-hours activity.

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