Advertisement|Remove ads.

Mobix Labs Inc. MOBX) announced on Monday that it has secured a $3.2 million contract to supply critical technology for airport body scanners used by the Transportation Security Administration (TSA) at major U.S. airports.
With this new order, total program activity now surpasses $6 million, expanding Mobix Labs’ footprint in high-volume passenger screening operations.
Mobix Labs supplies essential internal components for TSA full-body scanners, helping identify concealed threats before passengers enter secure airport areas. The company anticipates recording revenue from this order across the upcoming three fiscal quarters, with deliveries scheduled through December 31.
Mobix Labs’ stock traded over 11% higher in Monday’s premarket. On Stocktwits, retail sentiment around the stock remained in ‘bearish’ territory amid ‘extremely low’ message volume levels.
By powering the scanners, Mobix Labs ensures the accuracy, speed, and reliability required in high-throughput environments.
"Our technology is used in the airport body scanners passengers see and use every day at major airports...millions of people pass through these systems daily."
-Phil Sansone, CEO, Mobix Labs
The company anticipates continued demand as airport security systems undergo upgrades and expansions.
On Thursday, Mobix Labs announced a 1-for-10 reverse stock split of its Class A and Class B common stock, approved by shareholders at the March 23 annual meeting. The reverse split will take effect at 4:00 p.m. ET on Monday, automatically converting every 10 existing shares into one new share to increase the stock’s per-share price.
MOBX stock has gained over 36% year-to-date.
Also See: IBRX Stock In Spotlight As FDA Scrutiny Prompts ImmunityBio To Withdraw Content, Tighten Oversight
For updates and corrections, email newsroom[at]stocktwits[dot]com.