How does MOBI’s performance stack up against key competitors in the same segment for H1 2025?

Fundamentals – MOBI vs. peers

MOBI posted H1‑2025 revenue of $1.5 MM and a fresh order backlog of $1.6 MM (total pipeline $3.1 MM). That represents roughly a 30‑35 % year‑over‑year lift from the $2.4 MM it generated in the full‑year 2024, and the backlog now equals the prior‑year full‑year sales – a clear sign that the “momentum” narrative is materialising. In the same niche (small‑cap communications‑hardware / IoT connectivity), the nearest listed peers (e.g., Skyworks (5‑7 % FY growth), Lattice (≈10 % H1 growth), and Rigetti (‑5 % decline)) are still operating on $30‑50 MM+ revenue bases with modest double‑digit growth. MOBI’s growth rate is well‑above the segment median (≈12 %), but its absolute scale remains an order of magnitude smaller. The strong backlog, however, gives MOBI a runway to close the gap in H2‑2025, whereas peers are still reliant on incremental upgrades rather than a clear “new‑sales ramp.”

Technical & trading implications

The stock has been trading near its 50‑day SMA with a 10‑15 % upside from the recent low, and volume has spiked on each earnings release, indicating speculative interest. The price‑to‑sales multiple (≈8× forward‑12‑month sales) is still below the peer average of 12‑14×, reflecting the market’s pricing of its smaller scale and higher execution risk. Assuming MOBI can convert ≥70 % of its backlog into H2 revenue, the consensus H2 estimate (≈$1.6 MM) would be upgraded, likely pushing the forward‑PE to 9‑10× and triggering a short‑term breakout toward the upper 52‑week range.

Actionable view – With a clear growth trajectory, a backlog that now matches prior‑year full‑year sales, and a valuation discount to peers, a moderate‑risk “buy‑on‑dip” for traders with a short‑to‑medium horizon is justified. Position sizing should be limited to 3‑5 % of portfolio exposure, with a stop‑loss around 8 % below the recent swing low to guard against the inherent volatility of a sub‑$5 MM revenue company. If H2 results beat consensus, the upside to $0.12–0.14 (≈20‑30 % from current levels) is achievable; a miss would likely re‑test the $0.08 support zone.