Mullen Automotive reports Q1 revenue $2.9M

Reports EPS ($661.33) vs. ($91,940.42) last year. Commenting on the results for the three months that ended Dec. 31, 2024, and recent Company highlights, CEO and chairman David Michery stated: “For the quarter, we invoiced for over $4.4M and received $6M for vehicles delivered, which is our strongest quarter to date. Bollinger is now moving with speed and attaining solid commercial sales results. Mullen Commercial also has solid momentum and continues to build on Class 1 and 3 sales opportunities across the U.S. We’ve recently reduced our expenses even further and are continuing our focus on growing our sales and customer base across America. We’ve also recently furthered our efforts around U.S. battery production capabilities with the additional purchase of battery line equipment from Nikola Corporation (“Nikola”), advancing our commitment to U.S. battery assembly and production.”