Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 59

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 5
Chunk 59
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3, a decrease of $(155,624), or (43)%. Foreign exchange costs are mainly
due to the effect of changes in currency exchange rates between the US$, NIS and the AUD$.

Cost of Goods Sold and Gross Profit

                          For the twelve months ended                                                                                
                          December 31,                                                                                               
                          2024                                             2023                     Increase/Decrease                
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue                 $                                 3,180,565      $         2,193,791      $                       986,774  
  Cost of Goods Sold                                       (1,348,711                 (902,006                             (446,705  
  Gross Profit            $                                 1,831,854      $         1,291,785      $                       540,069  

Cost of goods sold remained
at the same pace as the increase in revenue. Gross margin for the year ended December 31, 2024, was 58%, compared to 59% for the year
ended December 31, 2023. The continued high gross margins are mostly explained by our products being high-end IP based technology (beyond
the hardware value), and continued effective costs-reduction planning and monitoring for components acquisitions.

Expenses

                                                  For the twelve months ended                                                                                 
                                                  December 31,                                                                                                
                                                  2024                                             2023                     Increase/Decrease                 
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Expenses:                                                                                                                                                   
  Sales and Marketing                             $                                 1,965,426      $         2,088,200      $                       (122,774  
  Research and Development                                                          2,127,409                1,936,802                               190,607  
  General and Administrative                                                        1,970,849                2,256,408                              (285,559  
  Finance costs                                                                        27,052                   14,734                                12,318  
  Fair value losses from financial liability                                        4,251,756                  330,208                             3,921,548  
  Total expenses                                  $                                10,342,492      $         6,626,352      $                      3,716,140  

Sales and Marketing expenses.

Sales and marketing expenses were $1,965,426 for the year ended December
31, 2024