Latest news with #MULN
Yahoo
3 days ago
- Automotive
- Yahoo
Mullen Automotive announces 1-for-100 reverse stock split
Mullen Automotive (MULN) announces that it will effect a 1-for-100 reverse stock split of its common stock, par value $0.001 per share, that will become effective on June 2, 2025, at 12:01 a.m. Eastern Time. The Common Stock will continue to trade on The Nasdaq Capital Market under the existing MULN symbol and will begin trading on a split-adjusted basis when the market opens on June 2, 2025. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 62526P802. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on MULN: Disclaimer & DisclosureReport an Issue Mullen Automotive Boosts Equity Plan for Growth Mullen Automotive Stock (MULN) Crashes 26% after Brief Hype Spike Mullen Automotive reports Q2 revenue $4.95M vs $33k last year Mullen Automotive Stock (MULN) Rockets 100%—But Can it Outrun its Financial Woes? Mullen Automotive Delays Quarterly Report Filing
Yahoo
20-05-2025
- Automotive
- Yahoo
Mullen Automotive (MULN) Reports Record Quarterly Results for Fiscal Q2 2025
On May 20, Mullen Automotive, Inc. (NASDAQ:MULN) reported results for fiscal Q2 2025, highlighting record revenue, outperforming all previous quarters. The company achieved $5 million in revenue for Q2 2025, reflecting an increase of $33,000 year-over-year. CEO and Chairman David Michery noted this to be the company's best quarterly performance to date, reflecting a growth of over 143 times from Q2 2024. A luxury electric vehicle driving in the city, its battery technology powering its progress. Additionally, Mullen Automotive, Inc. (NASDAQ:MULN) also slashed its net loss by more than 64%, from $132.4 million net loss in Q4 2024 to $47.1 million in the recent quarter. Management also successfully reduced its cash expenditure from $120.9 million to $52.4 million over the six months ending March 31, 2025. David Michery highlighted significant progress in its Class 1 and 3 commercial electric vehicle segment. This includes Cashflow on Wheels, ordering and receiving 20 Class 3 EVs valued at approximately $1.4 million, Global Expert Shipping purchasing Class 1 cargo vans, and the local government of Orange County acquiring Mullen ONE Class 1 EV cargo vans. Mullen Automotive, Inc. (NASDAQ:MULN) is a United States-based commercial electric vehicle company that operates two vehicle production plants located in Mississippi and Indiana. While we acknowledge the potential of MULN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MULN and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Automotive
- Yahoo
Mullen Automotive enters settlement agreement with GEM Group
Mullen Automotive (MULN) executed a settlement agreement with GEM Yield Bahamas Limited and GEM Global Yield. On May 9, 2025, Company executed a settlement agreement with GEM Group. Under terms of the settlement agreement, GEM has a 55-day due diligence period, subject to extension by GEM, to evaluate the transfer to GEM of the Mishawaka assets in complete satisfaction of the judgement. All collection activities have been suspended for the duration of the due diligence period. Mullen continues to build its business and expand its existing Tunica, Mississippi, manufacturing capabilities to meet near and long-term demands for its multiple product lines. Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on MULN: Disclaimer & DisclosureReport an Issue Mullen Automotive Enters Settlement Agreement with GEM Mullen Automotive subsidiary delivers B4 commercial electric truck to LES Mullen Automotive announces Class 3 vehicle order with Cashflow on Wheels How Did the Stock Market Perform This Week? Mullen Automotive's Bollinger delivers B4 truck order to EnviroCharge Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
