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Mullen Automotive | 10-Q: Q3 2024 Earnings Report

Mullen Automotive | 10-Q: Q3 2024 Earnings Report

Mullen Automotive | 10-Q:2024財年三季報
美股SEC公告 ·  08/12 16:27

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Mullen Automotive, an early-stage electric vehicle manufacturer, reported a significant year-on-year reduction in net loss for the quarter ended June 30, 2024. The company's net loss decreased by 71% to $91.6 million from $311.4 million in the same quarter of the previous year. Revenue from vehicle sales dropped by 79% to $65.2 thousand, while the cost of goods sold saw an 89% decrease. Operating expenses increased, with general and administrative expenses rising by 49% to $47.5 million, and research and development costs decreasing by 35% to $14.3 million. The company also recognized other financial costs related to derivative liabilities and warrants amounting to $23.9 million, a significant reduction from the previous year's $248.4 million. Mullen Automotive's future plans include ramping up production of commercial delivery vehicles and expanding...Show More
Mullen Automotive, an early-stage electric vehicle manufacturer, reported a significant year-on-year reduction in net loss for the quarter ended June 30, 2024. The company's net loss decreased by 71% to $91.6 million from $311.4 million in the same quarter of the previous year. Revenue from vehicle sales dropped by 79% to $65.2 thousand, while the cost of goods sold saw an 89% decrease. Operating expenses increased, with general and administrative expenses rising by 49% to $47.5 million, and research and development costs decreasing by 35% to $14.3 million. The company also recognized other financial costs related to derivative liabilities and warrants amounting to $23.9 million, a significant reduction from the previous year's $248.4 million. Mullen Automotive's future plans include ramping up production of commercial delivery vehicles and expanding revenue streams through the sales of SUVs and electric vehicle leasing. The company has faced challenges, including a substantial net working capital deficit and a total net loss of $327.0 million for the nine months ended June 30, 2024. Despite these challenges, Mullen Automotive has managed to regain compliance with NASDAQ listing rules through reverse stock splits and is actively pursuing additional funding to continue operations.
早期電動汽車製造商穆倫汽車公司報告稱,截至2024年6月30日的季度淨損失同比減少了顯著。該公司淨損失降低了71%,至9160萬美元,而上年同期爲31140萬美元。車輛銷售收入減少了79%,僅爲6.52萬美元,而銷售成本則減少了89%。營業費用增加,其中一般和管理費用增長了49%,至4750萬美元,而研發成本則下降了35%,至1430萬美元。公司還認定了與衍生工具責任和認股權證相關的其他財務成本,金額爲2390萬美元,較上年的24840萬美元大幅減少。穆倫汽車未來的計劃包括增加商用交付車的產量,並通過銷售SUV和電動車租賃擴大營收來源。該公司面臨的挑戰包括大量的淨營運資本虧損和截至2024年6月30日九個月的總淨損失爲32700萬美元。儘管面臨這些挑戰,穆倫汽車通過拆股並股,成功恢復了納斯達克的上市規則,正在積極尋求額外的資金以繼續運營。
早期電動汽車製造商穆倫汽車公司報告稱,截至2024年6月30日的季度淨損失同比減少了顯著。該公司淨損失降低了71%,至9160萬美元,而上年同期爲31140萬美元。車輛銷售收入減少了79%,僅爲6.52萬美元,而銷售成本則減少了89%。營業費用增加,其中一般和管理費用增長了49%,至4750萬美元,而研發成本則下降了35%,至1430萬美元。公司還認定了與衍生工具責任和認股權證相關的其他財務成本,金額爲2390萬美元,較上年的24840萬美元大幅減少。穆倫汽車未來的計劃包括增加商用交付車的產量,並通過銷售SUV和電動車租賃擴大營收來源。該公司面臨的挑戰包括大量的淨營運資本虧損和截至2024年6月30日九個月的總淨損失爲32700萬美元。儘管面臨這些挑戰,穆倫汽車通過拆股並股,成功恢復了納斯達克的上市規則,正在積極尋求額外的資金以繼續運營。
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