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Mullen Automotive | 8-K: Announcing Certain Preliminary Financial Results for the Fiscal Quarter Ended September 30, 2024

Mullen Automotive | 8-K: Announcing Certain Preliminary Financial Results for the Fiscal Quarter Ended September 30, 2024

Mullen Automotive | 8-K:截至2024年9月30日的財季的某些初步財務業績
美股SEC公告 ·  10/03 05:19

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On October 2, 2024, Mullen Automotive Inc., an electric vehicle manufacturer listed on NASDAQ under the symbol MULN, reported significant financial developments in a press release. The company announced preliminary financial results for the fiscal quarter ending September 30, 2024, revealing a substantial revenue increase to approximately $4.5 million, up from $65,235 in the previous quarter, marking a 6791% rise. Additionally, Mullen Automotive disclosed a reduction in its monthly cash burn rate to $12.7 million, down from $18.1 million in the March 2024 quarter, indicating a 30% decrease. The company also reported progress in its operational updates, including receiving $11.9 million from investors with an additional $600,000 expected, and an equity line commitment of $150 million. Mullen Automotive aims to continue reducing operating expenses with a goal to reach cash basis breakeven by the...Show More
On October 2, 2024, Mullen Automotive Inc., an electric vehicle manufacturer listed on NASDAQ under the symbol MULN, reported significant financial developments in a press release. The company announced preliminary financial results for the fiscal quarter ending September 30, 2024, revealing a substantial revenue increase to approximately $4.5 million, up from $65,235 in the previous quarter, marking a 6791% rise. Additionally, Mullen Automotive disclosed a reduction in its monthly cash burn rate to $12.7 million, down from $18.1 million in the March 2024 quarter, indicating a 30% decrease. The company also reported progress in its operational updates, including receiving $11.9 million from investors with an additional $600,000 expected, and an equity line commitment of $150 million. Mullen Automotive aims to continue reducing operating expenses with a goal to reach cash basis breakeven by the end of December 2025. The company's CEO, David Michery, expressed optimism about the company's trajectory for the remainder of 2024. Mullen Automotive has also expanded its commercial dealer network and received IRS approval for federal EV tax credits, along with CARB and EPA certifications for its commercial vehicles. The company's commercial vehicle production began in Tunica, Mississippi, in August 2023, and it has since achieved Foreign Trade Zone status for its manufacturing center there.
2024年10月2日,納斯達克上市的電動車製造商Mullen Automotive Inc.(股票代碼MULN)在一份新聞稿中宣佈了重大財務進展。該公司公佈了截至2024年9月30日的財季初步財務結果,顯示營業收入大幅增長至約$450萬,較上一季度的$65,235大幅上升6791%。此外,Mullen Automotive披露其月現金消耗率降至$1270萬,較2024年3月季度的$1810萬下降30%。該公司還報告了運營更新方面的進展,其中包括從投資者那裏獲得了$1190萬,預計還將獲得額外的$600,000,以及一份$15000萬的股本承諾。Mullen Automotive旨在繼續降低營業...展開全部
2024年10月2日,納斯達克上市的電動車製造商Mullen Automotive Inc.(股票代碼MULN)在一份新聞稿中宣佈了重大財務進展。該公司公佈了截至2024年9月30日的財季初步財務結果,顯示營業收入大幅增長至約$450萬,較上一季度的$65,235大幅上升6791%。此外,Mullen Automotive披露其月現金消耗率降至$1270萬,較2024年3月季度的$1810萬下降30%。該公司還報告了運營更新方面的進展,其中包括從投資者那裏獲得了$1190萬,預計還將獲得額外的$600,000,以及一份$15000萬的股本承諾。Mullen Automotive旨在繼續降低營業費用,目標是在2025年12月底實現現金基礎盈虧平衡。該公司的首席執行官David Michery對公司在2024年剩餘時間的發展前景表示樂觀。Mullen Automotive還擴大了其商用經銷商網絡,並獲得了聯邦EV稅收抵免的IRS批准,以及其商用車輛的CARB和EPA認證。該公司的商用車輛生產始於2023年8月的密西西比州圖尼卡,並已獲得了該地製造中心的外國貿易區地位。
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