Mullen Automotive Inc. reported financial results for the three months ended March 31, 2025 (fiscal Q2 2025), achieving its strongest quarterly revenue to date with $5 million. This revenue figure outperforms all previous quarterly results, demonstrating significant sales growth.
For the six months ended March 31, 2025, the company's revenue totaled $7.9 million. This growth reflects increasing sales momentum for both Mullen and Bollinger commercial vehicles.
The net loss decreased substantially from $132.4 million in fiscal Q2 2024 to approximately $47.1 million in the comparable quarter ending March 31, 2025. Additionally, the company significantly reduced its cash spend from $120.9 million to $52.4 million for the six months ended March 31, 2025, indicating improved operational efficiencies.
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