Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 4

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 3
Chunk 4
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 derivative actions, thereby depriving shareholders of the ability to protect their interests.  

These
and other risks described in this Annual Report on Form 20-F could materially and adversely impact our business, financial condition,
operating results and cash flow, which could cause the trading price of our ADSs to decline and could result in a loss of your investment.

Risks Related to Our Financial Condition and
Capital Requirements

We have a history of losses.

We have incurred net losses
since our inception on February 2, 2017. Our net losses were $8,010,358 and $4,565,754 for the fiscal years ended December 31, 2024 and
2023 respectively. We cannot assure that we can become profitable or avoid net losses in the future or that there will be any earnings
or revenues in any future quarterly or other periods. We expect that our operating expenses will increase as we grow our business, including
expending substantial resources for research, development, sales and marketing. As a result, any decrease or delay in generating revenues
could result in material operating losses.

We expect that we will need to invest significant
time and raise substantial additional capital before we can expect to become profitable from sales of our products. This additional capital
may not be available on acceptable terms, or at all. Failure to obtain this necessary capital when needed may force us to delay, limit
or terminate our product development efforts or other operations.

We
expect that we will need to invest significant time and require substantial additional capital to commercialize our products. In addition,
our operating plans may change as a result of many factors that may currently be unknown to us, and we may need to seek additional funds
sooner than planned. Our future capital requirements will depend on many factors, including but not limited to production and manufacturing
costs (which are dependent on the costs of mechanical and electronic components of our products), research and development activities,
sales activities including compensation for salespersons, development of additional software and hardware products for our current smart
solution offerings, and marketing costs related to expansion into the government and commercial drone and robotics markets in the United
States and Europe.

Shortfalls in
available external research and development funding could adversely affect us.

We depend on our research
and development activities to develop the core technologies used in our cybersecurity and smart solutions and for the research and development
of our future products. A portion of our research and development activities depends on funding from the IIA; in the future, we may seek