Mullen Automotive Inc. - Understand $muln stock

$MULN Market Cap: $19.86 Million

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Financial Snapshot

Revenue

$156.6K

TTM

Gross Margin

53.67%

TTM

Net Earnings

-$453.4M

TTM

Current Assets

$67.56M

Q2 2024

Current Liabilities

$126.6M

Q2 2024

Current Ratio

53.38%

Q2 2024

Total Assets

$192.3M

Q2 2024

Total Liabilities

$139.3M

Q2 2024

Book Value

$53.00M

Q2 2024

Cash

$3.549M

Q2 2024

P/E

-0.04380

Nov 29, 2024 EST

Free Cash Flow

-$225.3M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$366.0K	$0.00	$0.00	$65.71M	$65.00M	$65.79M	$60.06M	$54.29M	$40.24M	$21.24M	$18.75M	$1.385M	$183.2K	$0.00
YoY Change			-100.0%	1.09%	-1.2%	9.53%	10.64%	34.92%	89.46%	13.27%	1253.9%	656.01%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$366.0K	$0.00	$0.00	$65.71M	$65.00M	$65.79M	$60.06M	$54.29M	$40.24M	$21.24M	$18.75M	$1.385M	$183.2K	$0.00
Cost Of Revenue	$273.9K			$55.86M	$54.72M	$55.62M	$51.24M	$45.71M	$33.98M	$15.93M	$13.37M	$832.9K	$596.4K
Gross Profit	$92.12K			$9.844M	$10.28M	$10.17M	$8.828M	$8.579M	$6.258M	$5.311M	$5.375M	$551.9K	-$413.2K
Gross Profit Margin	25.17%			14.98%	15.81%	15.46%	14.7%	15.8%	15.55%	25.01%	28.67%	39.86%	-225.58%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Selling, General & Admin	$199.5M	$74.37M	$18.67M	$7.016M	$9.342M	$9.759M	$10.63M	$13.95M	$14.27M	$10.20M	$35.14M	$13.73M	$23.83M	$170.0K
YoY Change	168.19%	298.28%	166.15%	-24.9%	-4.27%	-8.19%	-23.8%	-2.25%	39.9%	-70.97%	155.94%	-42.38%	13917.65%
% of Gross Profit	216524.27%			71.27%	90.89%	95.96%	120.42%	162.61%	228.02%	192.06%	653.79%	2487.58%
Research & Development	$77.39M	$21.65M	$3.009M	$1.667M	$272.8K	$154.5K					$60.00K		$500.0K
YoY Change	257.43%	619.53%	80.5%	511.03%	76.63%
% of Gross Profit	84008.92%			16.94%	2.65%	1.52%					1.12%
Depreciation & Amortization	$16.39M	$3.282M	$720.8K	$725.8K	$3.120M	$2.455M	$2.534M	$3.467M	$2.513M	$2.358M	$2.243M	$266.0K	$311.9K
YoY Change	399.3%	355.36%	-0.69%	-76.74%	27.12%	-3.13%	-26.9%	37.93%	6.57%	5.16%	743.03%	-14.72%
% of Gross Profit	17790.55%			7.37%	30.36%	24.14%	28.71%	40.41%	40.16%	44.4%	41.72%	48.19%
Operating Expenses	$77.39M	$96.99M	$22.40M	$12.09M	$70.58M	$70.12M	$68.66M	$17.42M	$50.76M	$12.55M	$63.50M	$14.83M	$25.24M	$170.0K
YoY Change	-20.21%	332.93%	85.24%	-82.87%	0.67%	2.12%	294.25%	-65.69%	304.44%	-80.23%	328.29%	-41.26%	14746.44%
Operating Profit	-$377.8M	-$96.99M	-$22.40M	-$12.09M	-$5.585M	-$4.331M	-$8.597M	-$8.837M	-$10.52M	-$7.247M	-$44.75M	-$13.44M	-$25.06M
YoY Change	289.5%	332.93%	85.24%	116.54%	28.95%	-49.62%	-2.72%	-16.0%	45.17%	-83.8%	232.92%	-46.36%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	-$636.4M	-$26.95M	-$21.17M	$1.447M	$1.113M	$847.2K	$1.190M	$852.4K	$0.00	$1.860M	-$2.980M	$299.7K	-$171.3K	$10.00K
YoY Change	2261.57%	27.31%	-1563.27%	30.03%	31.32%	-28.79%	39.56%		-100.0%	-162.42%	-1094.35%	-274.93%	-1813.19%
% of Operating Profit
Other Income/Expense, Net	$2.532M	-$5.648M	$0.00	$10.49K	$1.460M	$791.6K	$236.0K	$407.3K	-$82.71K	-$155.4K	-$160.2K	$2.346K	-$45.94K
YoY Change	-144.83%		-100.0%	-99.28%	84.4%	235.4%	-42.06%	-592.48%	-46.78%	-2.98%	-6927.88%	-105.11%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Pretax Income	-$1.018B	-$740.3M	-$44.24M	-$5.920M	-$5.325M	-$4.008M	-$10.02M	-$13.62M	-$13.33M	-$10.21M	-$47.89M	-$13.07M	-$25.27M	-$160.0K
YoY Change	37.46%	1573.4%	647.32%	11.18%	32.86%	-60.02%	-26.39%	2.16%	30.48%	-78.67%	266.44%	-48.29%	15695.65%
Income Tax	-$10.99M	-$279.0K	$800.00					$0.00	$0.00	$0.00	$213.3K	$155.7K		$0.00
% Of Pretax Income
Net Earnings	-$972.3M	-$739.5M	-$44.24M	-$30.18M	-$6.458M	-$4.936M	-$9.913M	-$13.49M	-$13.25M	-$10.19M	-$48.31M	-$16.39M	-$24.85M	-$160.0K
YoY Change	31.47%	1571.62%	46.6%	367.27%	30.84%	-50.21%	-26.5%	1.76%	30.12%	-78.92%	194.75%	-34.05%	15433.19%
Net Earnings / Revenue	-265643.33%			-45.93%	-9.94%	-7.5%	-16.5%	-24.84%	-32.94%	-47.96%	-257.66%	-1183.51%	-13567.66%
Basic Earnings Per Share	-$1.574K	-$2.80	-$8.56	-$5.23
Diluted Earnings Per Share	-$1.574K	-$2.80	-$8.56	-$5.23	-$1.598M	-$1.276M	-$5.038M	-$10.33M	-$5.224K	-$6.152K	-$37.12K	-$13.79K	-$30.94K	-$1.295K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash & Short-Term Investments	$155.3M	$54.09M	$42.17K	$4.541M	$486.6K	$1.645M	$11.29M	$621.6K	$1.000M	$500.0K	$100.0K	$3.500M	$100.0K	$200.0K
YoY Change	187.08%	128156.32%	-99.07%	833.21%	-70.43%	-85.42%	1715.47%	-37.84%	100.0%	400.0%	-97.14%	3400.0%	-50.0%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets	$25.38M	$32.25M	$6.713M	$1.838M	$1.621M	$1.749M	$2.283M	$1.468M	$1.100M	$1.000M	$1.900M	$7.500M	$300.0K	$46.30M
YoY Change	-21.28%	380.37%	265.25%	13.38%	-7.32%	-23.37%	55.5%	33.45%	10.0%	-47.37%	-74.67%	2400.0%	-99.35%
Inventory	$16.81M		$55.75K
Prepaid Expenses
Receivables	$671.8K			$7.109M	$6.561M	$6.290M	$5.473M	$7.126M	$5.200M	$3.400M	$10.60M	$10.90M	$0.00
Other Receivables	$0.00			$480.0K	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$6.000M	$0.00
Total Short-Term Assets	$198.1M	$86.33M	$6.811M	$13.97M	$8.669M	$9.685M	$19.04M	$9.216M	$7.300M	$4.900M	$12.70M	$28.00M	$400.0K	$46.50M
YoY Change	129.49%	1167.55%	-51.24%	61.13%	-10.49%	-49.14%	106.61%	26.25%	48.98%	-61.42%	-54.64%	6900.0%	-99.14%
Property, Plant & Equipment	$87.28M	$19.40M	$3.623M	$801.1K	$381.0K	$25.34K	$58.27K	$117.3K	$200.0K	$100.0K	$100.0K	$300.0K	$200.0K
YoY Change	349.89%	435.5%	352.27%	110.26%	1403.51%	-56.51%	-50.32%	-41.35%	100.0%	0.0%	-66.67%	50.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments										$0.00	$0.00	$0.00
YoY Change
Other Assets	$960.5K	$8.846M	$4.243M	$781.0K	$629.7K	$604.1K	$460.5K	$603.2K	$400.0K	$200.0K	$0.00
YoY Change	-89.14%	108.47%	443.31%	24.04%	4.23%	31.17%	-23.66%	50.8%	100.0%
Total Long-Term Assets	$223.6M	$216.3M	$10.36M	$12.86M	$14.37M	$16.08M	$13.29M	$13.95M	$15.60M	$9.400M	$9.800M	$400.0K	$1.300M	$0.00
YoY Change	3.38%	1987.17%	-19.42%	-10.52%	-10.63%	20.98%	-4.76%	-10.55%	65.96%	-4.08%	2350.0%	-69.23%
Total Assets	$421.7M	$302.6M	$17.17M	$26.83M	$23.04M	$25.76M	$32.33M	$23.17M	$22.90M	$14.30M	$22.50M	$28.40M	$1.700M	$46.50M
YoY Change
Accounts Payable	$13.18M	$6.398M	$5.206M	$7.171M	$6.038M	$6.368M	$6.785M	$7.510M	$5.900M	$2.700M	$3.200M	$500.0K	$200.0K	$0.00
YoY Change	105.92%	22.9%	-27.4%	18.77%	-5.19%	-6.15%	-9.65%	27.29%	118.52%	-15.63%	540.0%	150.0%
Accrued Expenses	$43.34M	$8.614M	$19.73M	$4.745M	$1.934M	$2.536M	$3.674M	$5.519M	$2.800M	$2.400M	$3.200M	$900.0K	$700.0K
YoY Change	403.07%	-56.33%	315.73%	145.34%	-23.73%	-30.98%	-33.42%	97.1%	16.67%	-25.0%	255.56%	28.57%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$200.0K	$0.00	$8.700M	$9.400M	$0.00	$0.00
YoY Change								-100.0%		-100.0%	-7.45%
Long-Term Debt Due	$7.461M	$3.857M	$39.20M	$1.330M	$909.1K	$433.5K	$2.494M	$809.0K	$500.0K	$100.0K	$3.800M	$0.00
YoY Change	93.48%	-90.16%	2847.4%	46.3%	109.73%	-82.62%	208.29%	61.8%	400.0%	-97.37%
Total Short-Term Liabilities	$139.6M	$122.2M	$71.16M	$15.07M	$10.41M	$11.22M	$14.67M	$15.49M	$10.40M	$5.600M	$20.70M	$11.20M	$2.900M	$100.0K
YoY Change	14.22%	71.77%	372.19%	44.79%	-7.24%	-23.49%	-5.33%	48.97%	85.71%	-72.95%	84.82%	286.21%	2800.0%
Long-Term Debt	$0.00	$5.165M	$247.6K	$8.614M	$8.342M	$5.946M	$4.521M	$3.616M	$3.400M	$3.200M	$17.30M	$0.00	$0.00	$0.00
YoY Change	-100.0%	1985.76%	-97.13%	3.25%	40.3%	31.51%	25.05%	6.35%	6.25%	-81.5%
Other Long-Term Liabilities	$5.395M	$3.359M	$7.475M	$660.6K	$247.3K							$100.0K	$4.000M
YoY Change	60.59%	-55.06%	1031.53%	167.18%								-97.5%
Total Long-Term Liabilities	$5.395M	$8.524M	$7.723M	$9.274M	$8.590M	$5.946M	$4.521M	$3.616M	$3.400M	$3.200M	$17.30M	$100.0K	$4.000M	$0.00
YoY Change	-36.71%	10.37%	-16.73%	7.97%	44.46%	31.51%	25.05%	6.35%	6.25%	-81.5%	17200.0%	-97.5%
Total Liabilities	$212.8M	$243.9M	$78.88M	$24.08M	$18.77M	$17.04M	$19.15M	$19.18M	$14.10M	$9.100M	$37.80M	$11.30M	$6.800M	$100.0K
YoY Change	-12.77%	209.18%	227.62%	28.3%	10.12%	-11.0%	-0.16%	36.02%	54.95%	-75.93%	234.51%	66.18%	6700.0%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	613.0K	278.2M	5.171M	5.765M
Diluted Shares Outstanding	613.0K	278.2M	5.171M	5.765M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $19.859 Million

About MULLEN AUTOMOTIVE INC.

Mullen Automotive Inc is a US-based company operating in Automobiles industry. The company is headquartered in Brea, California and currently employs 326 full-time employees. The company went IPO on 2012-10-03. Mullen Automotive Inc. is an automotive company building electric vehicles (EVs). The firm is building and delivering commercial trucks. The company also has a portfolio of passenger vehicles in various stages of product development. The Company’s segments include Bollinger and Mullen/ELMS. The Bollinger segment includes medium duty truck classes 4-6, along with the sport utility and pickup trucks EVs. The Mullen/ELMS segment builds Class one and Class three electric vehicles. Its EV development portfolio includes the Mullen FIVE EV Crossover, Mullen-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs and Bollinger Motors, which features both the B1 and B2 electric sport utility vehicle (SUV) trucks and Class 4-6 commercial offerings. The Mullen ONE van features specifications offering a fit for a variety of applications, including package delivery. The Mullen THREE is a Class three commercial electric vehicle targeting over 5,684 pounds of max payload.

Industry: Motor Vehicles & Passenger Car Bodies Peers: Envirotech Vehicles, Inc. Workhorse Group Inc. AYRO, Inc. Cenntro Inc. Canoo Inc. NU RIDE INC. FARADAY FUTURE INTELLIGENT ELECTRIC INC. PHOENIX MOTOR INC. Tesla, Inc.