Conversation 162: Mobilicom update
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WHAT MOBILICOM/SKYHOPPER DOES l SHARE PRICE TREND OVER 200/100/9 DAYS l ANALYSTS VIEWS l
Expect new growth, new solutions and more revenue soon says CEO of Mobilicom.
When I first met Oren Elkayam, CEO of Mobilicom [ASX:MOB] about a year ago in Sydney he gave the analogy of Mobilicom getting set for the start of a race.
When I spotted in a recent ASX announcement the mention of volume manufacturing, I wanted to find out if he felt the starting gun had gone off?
In simple terms Mobilicom has two parts to its business:
Mission-critical communication systems for guaranteed communication in situations like disaster, military and public safety.
Equipment and solution provider, which targets the Commercial Drone & Robotics sector.
The latter is where the mention of volume manufacturing cropped up. The recent announcement was not , in itself that significant in that it heralded a $250K increase on an existing $2 million contract with Elbit Systems.
Israeli-based Elbit is one of the worlds leading drone, detection and defence manufacturers and is valued at around $4 billion.
Elkayam has made no secret of his desire to develop commercial relationships with as many of the 120 plus major drone companies so when the gun goes off, he’s on the inside running spot.
He says Mobilicom/Skyhopper have achieved this in around half of the top drone companies.
This strategy is in anticipation of the the regulatory barriers preventing mass use of drones commercially, being lifted.
I caught up with Oren Elkayam recently.
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ABOUT MOBILICOM
Mobilicom Limited is a high-tech company that designs, develops and delivers communication solutions for mission-critical and remote mobile private networks that can operate without the need for existing infrastructure. Mobilicom products and technologies are based on an innovative approach that merges 4G and Mobile MESH technologies. Mobilicom offers a large solution portfolio that has been deployed worldwide. Mobilicom has two business entities.
The first is Mobilicom’s core business entity, with solutions that cater to mission-critical communication in the Government and Enterprise sector with applications in unmanned platforms, disaster relief and public safety, and offshore and remote areas.
The second is its SkyHopper business entity, an end-to-end equipment and solution provider, which targets the Commercial Drone & Robotics sector. SkyHopper’s holistic approach enables commercial drone and robotics manufacturers to focus on their own business objectives by reducing time-to-market, minimizing resource expenditures and increasing their chances for success.
TECHNOLOGY AND COMMERCIAL READINESS.
Based on the Technology Readiness Level [TRL] developed by NASA and the Commercial Readiness Index [CRI] that grew out of it. Mobilicom rates itself at and Skyhopper at
SOME OF THE RECENT MARKET ANNOUNCEMENTS BY MOBILICOM:
Mobilicom scales up for major project and shifts to volume manufacturing
SHARE PRICE TREND
Note that the chart is relevant at time of publishing only.
A SAMPLE OF RATINGS FOR MOBILICOM
[CURRENT ON TUESDAY JULY 21 st 2020]
Morningstar Quantitative [algorithmic] Rating *
Valuation Rating:
Undervalued
Fair Value Estimate:
0.130
Fair Value Percentage Diff:
15.59%
Liquidity:
Medium
DISCLOSURE
The author owns shares in this company at the time of writing this post. However, Inside Market does not accept any payment from this or any other company we cover. Nor is my interview or blog in any way a recommendation and should not be seen as a form of financial advice. Inside Market charges a licensing fee for the re-publication of any content on this site. Disruptive technology stocks should be considered very speculative, high-risk, and extremely volatile. There are significant risks inherent in developing new technologies that are not discussed here. You should always seek professional advice before considering any share purchase or sale. Please read our full disclaimer.
* The Morningstar rating uses a machine-learning model to rate 22 times more funds than are rated by Morningstar analysts in EMEA and Asia.
The Quantitative Rating is an extension of the recently enhanced Morningstar Analyst RatingTM for funds (Analyst Rating), which provides an analyst's forward-looking assessment of a fund's ability to outperform its peer group or a relevant benchmark on a risk-adjusted basis over a full market cycle. Morningstar EMEA and Asia manager research analysts assign Analyst Ratings to approximately 1,260 open-end and exchange-traded funds and together with the Quantitative Rating, cover approximately 29,200 funds, representing nearly 105,000 share classes in EMEA and Asia.