Mobotix AG

Latest Results (22.03.2026):

Mobotix AG — financial year 2023/24 (Oct 1, 2023 to Sep 30, 2024; covering Q4 2024): the company reported FY 2023/24 revenue of EUR 50.0m (down 20.8% vs prior year), EBITDA of EUR 1.48m (2.8% margin), EBIT of EUR -3.07m (‑5.9% margin) and a consolidated net loss of EUR -5.53m. Results were in line with the company’s later guidance but below original plans due to a delayed MOBOTIX ONE launch, inventory reductions by major partners and sales re‑focus; MOBOTIX reduced operating costs, invested in R&D and digitalization, and benefitted from software growth and subsequent financing support from the majority shareholder.

Top-line and margins

Revenue: EUR 50.0m (FY 2023/24), down 20.8% YoY. Software (VAXTOR) increased as a share of sales (software up to ~13% of total revenue). EBITDA was positive at EUR 1.48m (2.8% margin) while EBIT remained negative at EUR -3.07m (‑5.9% margin); consolidated net loss EUR -5.53m.

Cost actions and operating cash flow

MOBOTIX cut HR costs by ~14% (from EUR 25.4m to EUR 21.8m) and reduced other operating expenses (EUR 13.3m → EUR 7.9m). Cash flow from operating activities improved to EUR 6.00m (FY 2023/24 vs EUR 2.72m prior year).

Balance sheet and liquidity

Total assets EUR 76.8m; equity EUR 12.9m (equity ratio 16.8%, down from 22.3%). Cash and cash equivalents €1.31m. Group liquidity relied substantially on intercompany loans from the majority shareholder (reported intercompany balance ~EUR 38.7m at 30 Sep 2024 and later drawn/extended to ~EUR 40.7m and then EUR 44.7m with extensions to Mar 31, 2026). The company disclosed remaining unutilized loan commitments and additional credit lines agreed by the shareholder.

Financing and post‑period events

Majority shareholder Konica Minolta provided extended loan commitments and additional lines (extensions in Feb 2025 and another tranche of up to EUR 8.5m). Konica Minolta announced (26 Mar 2025) sale of its entire 65% stake and associated shareholder loans to CERTINA Software Investments AG (transaction subject to antitrust review; expected closing May 2025).

Operational and strategic highlights

MOBOTIX refocused sales organization on key markets (DACH, Europe, US) and verticals (healthcare, industry, energy). Investments continued in R&D, the MOBOTIX ONE camera platform (launched June/Aug 2024), thermal/fire analytics and the online webstore. The company emphasized software/AI solutions (e.g., NurseAssist with Kepler, VAXTOR apps) as part of a shift from hardware to solution sales.

Quarter‑to‑quarter signal (post‑year comment included in report)

The report notes early FY 2024/25 momentum: MOBOTIX Group sales rose ~20% in Q1 2024/25 vs Q1 2023/24 and EBIT improved from EUR -1.5m to EUR +1.4m in Q1 2024/25 — management states this is in line with the mid‑term plan and maintains the FY 2024/25 forecast.

Risks and outlook

Key risks remain financing/credit risk, customer inventory reductions and timing of product rollouts. Management intends further cost rationalization, deeper focus on vertical solutions, and leveraging CERTINA’s backing (if the transaction closes) to support growth and product rollouts.