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Mobilicom designs and manufactures components that drone and robot makers build into their systems to transmit data, connect devices and control operations. These manufacturers pay Mobilicom for its products, then sell their systems into defense, security and industrial markets. Its products are embedded in drones through relationships with manufacturers including Israel Aerospace Industries and Rafael Advanced Defense Systems. Hardware has historically supplied most revenue.
Mobilicom has also begun marketing and making initial sales of software: CONTROLiT manages customer fleet operations through the cloud, while ICE Cybersecurity protects customer data. These offerings are still at an early commercial stage, and the company has not settled their pricing model. Its sales depend on manufacturers moving from small pilot purchases to ongoing production orders. Most income comes from a single customer whose identity is not disclosed.
Hardware sales require applicable regulatory certifications and customer approvals, and exports are subject to Israeli and U.S. controls. Its main development facilities and sole manufacturing facility are in Israel. Israeli government research grants also require royalties on supported products and prior approval to transfer grant-funded technology or manufacturing outside Israel.
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Mobilicom depends on production orders from a few drone makers, including Rafael and Israel Aerospace Industries, while specialist rivals Elsight and UXV Technologies are missing from this list.
Elbit Systems buys Mobilicom solutions for its small drones, but its own communications technology also competes with Mobilicom’s offerings. For this defense-system supplier, watch small-drone production and developments in its own data links and radios: it can both support demand for Mobilicom and provide an alternative.
AeroVironment benefits from military demand for reconnaissance drones and loitering weapons, as Mobilicom does through sales to drone makers, but its in-house capabilities compete with Mobilicom’s embedded components. Watch its military unmanned-system business, sold mainly through U.S. government contracts, for demand in the missions Mobilicom serves.
Red Cat’s tactical small drones serve the military market that Mobilicom supplies with embedded communications and controls, rather than establishing a disclosed buyer-supplier tie. Watch Red Cat’s sales to U.S. and foreign military customers and its work on secure communications and command-system integration for demand in this class of drone.
Unusual Machines shares Mobilicom’s exposure to small-drone production: it sells components to enterprise buyers, while Mobilicom sells communications, cybersecurity and controls to drone makers. Watch Unusual Machines’ enterprise revenue, which became its main revenue driver in 2025, rather than its consumer retail sales.
AEVEX shares Mobilicom’s exposure to military reconnaissance and strike procurement: it builds unmanned systems designed to be expendable for U.S. and allied military customers, while Mobilicom supplies embedded solutions to drone makers serving reconnaissance and loitering missions. Watch AEVEX’s Tactical Systems business rather than its broader mission services for demand for those platforms.
AIRO Group’s Sky-Watch sells battlefield reconnaissance drones, exposing it to military demand similar to that behind Mobilicom’s secure communications and controls sold to drone makers. Watch news on the RQ-35 Heidrun’s use under electronic warfare and without GPS, where AIRO reports extensive field operation.
ParaZero, like Mobilicom, gets its products built into drones at the manufacturer’s design stage, selling safety and protection systems where Mobilicom sells communications and cybersecurity. Watch ParaZero’s manufacturer integrations and their progress toward sales: it says these customers usually have long sales cycles.
Amprius shares exposure to unmanned-aircraft production with Mobilicom, selling batteries to aviation customers while Mobilicom sells embedded communications and control hardware to small-drone makers. Watch Amprius’s battery sales for unmanned aircraft, rather than treating all its aviation business as a signal for Mobilicom.
Unusual Machines, Inc. earningsUMAC
Unusual Machines’ enterprise revenue will show whether buyers are ordering more small-drone components, a demand signal for Mobilicom’s embedded systems sold to drone makers.
Focus on enterprise revenue, not consumer retail sales. Growth would show firmer buying by enterprise customers of small-drone components, a more supportive production backdrop for Mobilicom’s drone-maker customers. Weakness would weaken that demand signal, but the companies sell different products, so it would not establish that Mobilicom’s orders moved the same way.
AEVEX Corp. earningsAVEX
AEVEX’s Tactical Systems business will show whether military demand for unmanned systems in reconnaissance and strike missions is strengthening, a signal for markets Mobilicom serves.
Look at AEVEX’s Tactical Systems results and any related orders it reports. Stronger business and orders would indicate firmer procurement of unmanned systems for reconnaissance and strike missions, a supportive market signal for Mobilicom, which supplies communications and controls to drone makers. Weakness would mean less support from that market; it would not show that AEVEX placed orders with Mobilicom.
Elbit Systems Ltd earningsESLT
Elbit Systems buys Mobilicom’s solutions and also offers its own communications technology, so its small-drone activity and data links and radios show both demand and competitive pressure.
Read Elbit Systems’ small-drone production alongside developments in its own data links and radios. Stronger drone activity would support demand for the embedded solutions Mobilicom supplies; stronger in-house communications products would give customers a more developed alternative and could intensify competition. If both strengthen, demand and competitive pressure are rising together; if both weaken, neither provides much support.
