Mullen Reports Strongest Fiscal Quarter in Company’s History for Three Months Ended Dec. 31, 2023

February 15, 2024

For the three months ended Dec. 31, 2023, the Company delivered 231 vehicles. Mullen Class 1 and 3 Commercial VehiclesProduction of the Mullen Class 3 vehicle began in August 2023 and Class 1 vehicle production began in November 2023. We had total cash of $88.9 million at Dec. 31, 2023, versus $155.7 million at Sept. 30, 2023. Current notes payables were $7.6 million and $7.5 million on Dec. 31, 2023, and September 30, 2023, respectively. Total stockholders’ equity remained relatively flat at $271.8 million for Dec. 31, 2023, versus $272.8 million for Sept. 30, 2023.

The source of this news is from Mullen Automotive