Mullen Automotive Q1 2025: Revenue Up, Net Loss Widens
Ticker: BINI · Form: 10-Q · Filed: Feb 19, 2025 · CIK: 1499961
Sentiment: bearish
Topics: quarterly-report, financials, revenue, net-loss
TL;DR
MULN Q1 2025: Revenue $356K, Net Loss $51.4M. Assets $126M, Liabilities $84.5M.
AI Summary
Mullen Automotive Inc. reported its Q1 2025 results for the period ending December 31, 2024. The company had total assets of $126,263,159 and total liabilities of $84,572,538. Revenue for the quarter was $356,206, with a net loss of $51,435,232.
Why It Matters
This filing provides insight into Mullen Automotive's financial health and operational performance, crucial for investors assessing the company's trajectory in the competitive electric vehicle market.
Risk Assessment
Risk Level: high — Mullen Automotive has a history of financial challenges and significant net losses, indicating a high-risk profile.
Key Numbers
- $126.3M — Total Assets (As of December 31, 2024)
- $84.6M — Total Liabilities (As of December 31, 2024)
- $356K — Revenue (For the quarter ended December 31, 2024)
- $51.4M — Net Loss (For the quarter ended December 31, 2024)
- $2.43B — Total Equity (As of December 31, 2024)
Key Players & Entities
- MULLEN AUTOMOTIVE INC. (company) — Filer
- 20241231 (date) — End of Fiscal Quarter
- $126,263,159 (dollar_amount) — Total Assets
- $84,572,538 (dollar_amount) — Total Liabilities
- $356,206 (dollar_amount) — Revenue
- $51,435,232 (dollar_amount) — Net Loss
FAQ
What was Mullen Automotive's total revenue for the first quarter of fiscal year 2025?
Mullen Automotive reported total revenue of $356,206 for the quarter ended December 31, 2024.
What is the company's net loss for the reported quarter?
The company reported a net loss of $51,435,232 for the quarter ended December 31, 2024.
What were the total assets of Mullen Automotive as of December 31, 2024?
Total assets for Mullen Automotive as of December 31, 2024, were $126,263,159.
What were the total liabilities of Mullen Automotive as of December 31, 2024?
Total liabilities for Mullen Automotive as of December 31, 2024, were $84,572,538.
What was the company's total equity as of December 31, 2024?
Mullen Automotive's total equity as of December 31, 2024, was $2,434,109,495.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on February 19, 2025 regarding MULLEN AUTOMOTIVE INC. (BINI).