Financial Personal
Mullen Announces Strong Forecast of $75M in GAAP Revenue for Next 6 Months and Immediate Reduction of $5.5M in Monthly Operating Expenses
Company expects $75M in GAAP revenue over the next six months from sales pipeline and pilot programs Mullen will immediately reduce overall monthly spend (operating and investing cash flows) from $12.8M to $7.3M Expense cuts are driven by 20% reducti
“As Bollinger focuses on B4 ramp up production volume and Mullen’s commercial vehicle sales momentum continues, I remain confident that through continued focus on revenue growth and expense reduction our near term cash flow will continue to improve,” said David Michery, CEO and chairman of Mullen Automotive. Read More
