Think Equity Research Report (10/20/2025)
Mobilicom has successfully navigated the high-risk, long-cycle design-win phase of its business and is now entering a period of accelerated commercialization. The investment thesis has been materially de-risked by powerful external catalysts, including urgent, large-scale government procurement programs and the formal validation of its technological superiority by the U.S. Department of Defense. The company's core strategic assetsits battle-hardened cybersecurity IP, its embedded position within the supply chain of Tier-1 defense contractors, and its clear strategy for high-margin software growthprovide a multi-faceted pathway to significant value creation.