Mobix Labs (NASDAQ:MOBX) outlined an expanded strategy centered on domestic critical minerals, rare earth elements, energy and infrastructure capabilities, while forecasting third-quarter revenue affected by supply-chain delays in its existing defense and aerospace business.
Chief Executive Officer Phil Sansone said the company expects to report fiscal third-quarter revenue of $750,000 to $850,000. Although Mobix recorded new order activity in 2026, industry-wide supply-chain pressures extended lead times for critical components and delayed production and shipments to several major defense and aerospace prime contractors, he said. The delayed orders are expected to move into future periods.
National Security-Focused Expansion
Sansone said the company plans to rename itself NSM Labs, reflecting a “National Security Matters” initiative. He described the move as more than a rebranding effort, saying the company intends to address vulnerabilities in supply chains supporting U.S. defense, energy and infrastructure markets.
Mobix currently includes EMI Solutions, which provides filters used to protect sensitive electronics in military platforms, and RaGE Systems, which delivers system-level wireless capabilities to aerospace, defense and homeland-security customers. Sansone also noted that the company has signed a definitive agreement to acquire Vision Aerial, a Bozeman, Montana-based drone developer whose products are designed to meet National Defense Authorization Act domestic-sourcing requirements.
The company also announced a definitive agreement involving Special Project Delivery, or SPD, a project-development platform it is in the process of acquiring. Sansone said SPD is intended to provide dedicated capabilities to identify, evaluate and acquire operating businesses in domestic rare-earth, critical-mineral and energy supply chains.
“Our country has decided it needs what we are building and is very actively putting in place needed funding,” Sansone said. “Our job now is to go build it.”
Focus on the Rare-Earth Midstream
Paul Singarella, CEO of Special Project Delivery, said Mobix’s strategy is based on the view that rare earths are not solely a mining opportunity. He divided the supply chain into four areas: mining and exploration, processing and separation, metal and alloy production, and manufacturing of products that use the materials.
According to Singarella, the key bottleneck is in processing, separation and refining—the “midstream” portion of the supply chain. He said this capability is necessary to isolate rare-earth materials from ore and refine them to the purity specifications required by original equipment manufacturers.
Singarella said the company is evaluating operating businesses with demonstrated processing technology, rather than pursuing projects from undeveloped sites. Its screening criteria include processing that has run on actual feedstock at least at pilot scale, a credible path to commercial-scale financing, defensible technology ownership, validated customer relationships or qualification pathways, and economics that withstand the company’s own underwriting.
He said the company is not providing forecasts for unannounced transactions and did not identify individual acquisition targets.
- Critical resources and rare-earth elements;
- Defense, aerospace and autonomous systems;
- Energy, water and critical infrastructure; and
- Digital infrastructure and strategic technologies.
Singarella said these pillars are interconnected elements of economic and national security rather than separate business silos.
Capital, Capability and Feedstock
SPD’s approach is organized around capital, processing capability and feedstock, Singarella said. He cited potential financing channels available to qualified domestic producers, including Defense Production Act Title III awards, Department of Energy loan programs and direct federal investment alongside private capital.
However, Singarella said Mobix has “no present agreement, arrangement, or understanding” with any government agency and was not predicting such support. He said the company plans to acquire businesses that may bring existing contracts and could help establish eligibility for additional programs.
The company also aims to be feedstock agnostic, according to Singarella. Potential sources could include domestically mined ore, ore obtained through “friend-shoring” arrangements, and stockpiled industrial materials that may be considered environmental liabilities. He cited materials accumulated at sites such as power plants and fertilizer plants as possible sources that could be processed into useful feedstock.
In response to questions about Chinese export controls, Singarella said he expects domestic demand to remain relatively durable even if Chinese restrictions are eased and prices decline. He pointed to qualification processes and domestic-content mandates as structural factors that could support domestic suppliers.
Sansone said Mobix intends to differentiate itself through a broader national-security strategy spanning defense, energy and infrastructure, rather than concentrating on a single vertical. Both executives emphasized that the effort is a multi-year build and that the company plans to evaluate potential transactions selectively.
About Mobix Labs (NASDAQ:MOBX)
Mobix Labs, Inc (NASDAQ: MOBX) is a technology company specializing in device intelligence software and services for the mobile device lifecycle. The company’s core platform enables real-time testing, authentication and diagnostic verification of smartphones and other connected devices. By combining automated testing tools with data analytics, Mobix Labs helps carriers, retailers, original equipment manufacturers (OEMs) and repair centers streamline operations and reduce return rates, fraud and waste.
Mobix Labs offers a suite of products designed to support the full spectrum of device management.
