[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Hardik Shah [@AIStockSavvy](/creator/twitter/AIStockSavvy) on x 17.4K followers Created: 2024-08-12 20:41:30 UTC $MULN | Mullen's Q3 Earnings Report: Revenue at $0.065M, EPS at -$7.91. CEO highlights narrowed losses and strong future growth positioning. 📈 👉 Financial Highlights: ➡️ Revenue: $XXXXX million, down from $XXXXX million in Q3 2023. ➡️ Net loss: $XXXXX million compared to $XXXXXX million in Q3 2023. ➡️ EPS (Diluted): -$7.91, improved from -$1,114.23 in Q3 2023. ➡️ Cash spent (Operating and Investing): $XXXXXX million, a decrease from $XXXXXX million in Q3 2023. 👉 Business Highlights: ➡️ Secured $XXX million financing commitment, with $XX million already received. ➡️ Launched bizEV lease program for Class X EV cargo vans. ➡️ Received orders for XX Mullen-GOs, valued at $XXXXXXX. ➡️ Bollinger's B4 Class X EV received EPA Certification and new orders. ➡️ Mullen's Class X EV cargo van approved for MOR-EV Program, offering rebates in Massachusetts. 👉 Segment Highlights: ➡️ Vehicle Sales: $XXXXX million, down from $XXXXX million in Q3 2023. 👉 Additional Business Highlights: ➡️ International Expansion: Mullen is actively preparing significant pilot programs in Europe and Canada, with ongoing deployments of Class X and Class X EVs to Europe. ➡️ Strategic Partnerships: Expanded dealer network in the U.S. with key additions like Eco Auto, National Auto Fleet Group, and Pritchard EV, enhancing distribution capabilities. ➡️ Bollinger Motors Progress: Bollinger received multiple significant orders, including XX B4 Class X EV trucks from Momentum Groups ($13.2 million) and XX B4 chassis cabs from EnviroCharge ($8.3 million). ➡️ Leadership Updates: Appointed James Taylor as CEO of Bollinger Motors, and promoted John Taylor to President of Mullen’s Commercial EV Division, strengthening leadership for future growth. ➡️ New Product Development: Continued advancements in battery technology with the development of solid-state polymer packs, expected to be production-ready by the second half of 2025. ➡️ Government Approvals and Incentives: Mullen's Class X EV trucks received $XXXXXX and $XXXXXX cash vouchers from the State of Massachusetts and California HVIP programs, respectively, enhancing affordability for customers. ➡️ Commercial EV Orders: Secured a significant order for XXX Class X EV cargo vans and XX Class X EV trucks from Eco Auto, valued at $XXX million, with deliveries starting in September 2024. 👉 CEO Statement: "We narrowed our loss in the quarter and year-to-date. We are positioning our fiscal Q4 for strong year-over-year growth."  XXXXX engagements  **Related Topics** [losses](/topic/losses) [eps](/topic/eps) [$0065m](/topic/$0065m) [$muln](/topic/$muln) [Post Link](https://x.com/AIStockSavvy/status/1823097502444220492)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Hardik Shah @AIStockSavvy on x 17.4K followers
Created: 2024-08-12 20:41:30 UTC
$MULN | Mullen's Q3 Earnings Report: Revenue at $0.065M, EPS at -$7.91. CEO highlights narrowed losses and strong future growth positioning. 📈
👉 Financial Highlights:
➡️ Revenue: $XXXXX million, down from $XXXXX million in Q3 2023.
➡️ Net loss: $XXXXX million compared to $XXXXXX million in Q3 2023.
➡️ EPS (Diluted): -$7.91, improved from -$1,114.23 in Q3 2023.
➡️ Cash spent (Operating and Investing): $XXXXXX million, a decrease from $XXXXXX million in Q3 2023.
👉 Business Highlights:
➡️ Secured $XXX million financing commitment, with $XX million already received.
➡️ Launched bizEV lease program for Class X EV cargo vans.
➡️ Received orders for XX Mullen-GOs, valued at $XXXXXXX.
➡️ Bollinger's B4 Class X EV received EPA Certification and new orders.
➡️ Mullen's Class X EV cargo van approved for MOR-EV Program, offering rebates in Massachusetts.
👉 Segment Highlights:
➡️ Vehicle Sales: $XXXXX million, down from $XXXXX million in Q3 2023.
👉 Additional Business Highlights:
➡️ International Expansion: Mullen is actively preparing significant pilot programs in Europe and Canada, with ongoing deployments of Class X and Class X EVs to Europe.
➡️ Strategic Partnerships: Expanded dealer network in the U.S. with key additions like Eco Auto, National Auto Fleet Group, and Pritchard EV, enhancing distribution capabilities.
➡️ Bollinger Motors Progress: Bollinger received multiple significant orders, including XX B4 Class X EV trucks from Momentum Groups ($13.2 million) and XX B4 chassis cabs from EnviroCharge ($8.3 million).
➡️ Leadership Updates: Appointed James Taylor as CEO of Bollinger Motors, and promoted John Taylor to President of Mullen’s Commercial EV Division, strengthening leadership for future growth.
➡️ New Product Development: Continued advancements in battery technology with the development of solid-state polymer packs, expected to be production-ready by the second half of 2025.
➡️ Government Approvals and Incentives: Mullen's Class X EV trucks received $XXXXXX and $XXXXXX cash vouchers from the State of Massachusetts and California HVIP programs, respectively, enhancing affordability for customers.
➡️ Commercial EV Orders: Secured a significant order for XXX Class X EV cargo vans and XX Class X EV trucks from Eco Auto, valued at $XXX million, with deliveries starting in September 2024.
👉 CEO Statement:
"We narrowed our loss in the quarter and year-to-date. We are positioning our fiscal Q4 for strong year-over-year growth."
XXXXX engagements
