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Mullen Automotive | 8-K: Mullen Reports Q2 2024 Fiscal Quarter Results

Mullen Automotive | 8-K: Mullen Reports Q2 2024 Fiscal Quarter Results

Mullen Automotive | 8-K:Mullen Automotive公布2024年第二季度财季业绩
美股SEC公告 ·  2024/05/14 14:00

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On May 14, 2024, Mullen Automotive Inc., an electric vehicle manufacturer, reported its financial results for the first half of the fiscal year ending March 31, 2024. The company announced positive stockholders' equity of $117.4 million and additional capital commitments of $150 million to support the scaling of its commercial EV operations. CEO David Michery highlighted the company's growth and focus on expanding its commercial EV business despite challenging market conditions. Mullen Automotive also reported on several strategic developments, including the approval for Foreign Trade Zone status at its Mississippi facility, expansion of its commercial dealer network, and CARB approvals for its Class 3 EV truck. The company's financial results showed a net loss of $235.4 million for the six months, with non-cash adjustments and...Show More
On May 14, 2024, Mullen Automotive Inc., an electric vehicle manufacturer, reported its financial results for the first half of the fiscal year ending March 31, 2024. The company announced positive stockholders' equity of $117.4 million and additional capital commitments of $150 million to support the scaling of its commercial EV operations. CEO David Michery highlighted the company's growth and focus on expanding its commercial EV business despite challenging market conditions. Mullen Automotive also reported on several strategic developments, including the approval for Foreign Trade Zone status at its Mississippi facility, expansion of its commercial dealer network, and CARB approvals for its Class 3 EV truck. The company's financial results showed a net loss of $235.4 million for the six months, with non-cash adjustments and working capital investments detailed in the report. Mullen Automotive's balance sheet reflected a decrease in stockholders' equity due to impairment charges and operating losses, offset by warrant exercises and other equity adjustments. The company also noted that it now owns its Tunica and Mishawaka facilities debt-free. Looking ahead, Mullen Automotive is preparing for the launch of the high-performance Mullen FIVE RS in the European market in Q4 2025 and expects to begin deliveries of the B4, Class 4 vehicle in the second half of 2024.
2024年5月14日,电动汽车制造商马伦汽车公司公布了截至2024年3月31日的财年上半年的财务业绩。该公司宣布股东权益为1.174亿美元,追加1.5亿澳元的资本承诺,以支持其商用电动汽车业务的扩展。首席执行官戴维·米切里强调了公司的增长,尽管市场条件艰难,但仍专注于扩大其商用电动汽车业务。Mullen Automotive还报告了多项战略进展,包括批准其密西西比工厂的对外贸易区地位,扩大其商业经销商网络,以及其3级电动卡车的CARB批准。该公司的财务业绩显示,这六个月的净亏损为2.354亿美元,报告中详细介绍了非现金调整和营运资本投资。Mullen Automotive的资产负债表反映了减值...展开全部
2024年5月14日,电动汽车制造商马伦汽车公司公布了截至2024年3月31日的财年上半年的财务业绩。该公司宣布股东权益为1.174亿美元,追加1.5亿澳元的资本承诺,以支持其商用电动汽车业务的扩展。首席执行官戴维·米切里强调了公司的增长,尽管市场条件艰难,但仍专注于扩大其商用电动汽车业务。Mullen Automotive还报告了多项战略进展,包括批准其密西西比工厂的对外贸易区地位,扩大其商业经销商网络,以及其3级电动卡车的CARB批准。该公司的财务业绩显示,这六个月的净亏损为2.354亿美元,报告中详细介绍了非现金调整和营运资本投资。Mullen Automotive的资产负债表反映了减值费用和营业亏损导致的股东权益减少,但被认股权证行使和其他权益调整所抵消。该公司还指出,它现在无债务拥有其Tunica和Mishawaka设施。展望未来,马伦汽车正在为2025年第四季度在欧洲市场推出高性能的Mullen FIVE RS做准备,并预计将在2024年下半年开始交付B4四级汽车。
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