Mullen Automotive ( (MULN) ) has released a notification of late filing.
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Mullen Automotive Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the period ending December 31, 2024. The delay is primarily due to the need for additional time to finalize financial statements and disclosures following the recent filing of their Annual Report on January 24, 2025. The company plans to file the delayed report within a five-day extension period, by February 19, 2025. Mullen Automotive expects significant changes in financial results, with an anticipated revenue from vehicle sales of approximately $2.9 million for the quarter, contrasting with no sales in the previous year. Additionally, the net loss is expected to rise from $64 million in 2023 to about $104.7 million in 2024, largely due to warrant-related costs. The company is continuing its compliance efforts, and the notification was signed by Jonathan New, the Chief Financial Officer.
More about Mullen Automotive
YTD Price Performance: -77.82%
Average Trading Volume: 9,989,377
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $13.87M
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