Mullen Automotive CEO Responds To Charles Payne's Question On Fox Business Before Fox Lost Its Audio Connection
Portfolio Pulse from Happy Mohamed
Mullen Automotive's CEO responded to Charles Payne's question on Fox Business, detailing the company's financials for Q2 2023. The company incurred $7.8 million of non-cash expenses, including charges for warrants provided to Qiantu and stock-based compensation. Mullen spent $46.1 million in operating expenses, compared to $53.9 million of total operating expenses reported. The company also highlighted its strong balance sheet with $352 million in stockholders' equity and $560 million in total assets. Mullen's operating cash flow was compared to competitors Canoo, Nikola, and Workhorse.
September 01, 2023 | 1:32 pm
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Mullen Automotive reported $7.8 million of non-cash expenses and $46.1 million in operating expenses for Q2 2023. The company has a strong balance sheet with $352 million in stockholders' equity and $560 million in total assets.
The company's financials show a mix of non-cash and cash expenses, indicating a balanced approach to its operations. The strong balance sheet could be a positive sign for investors, but the impact on the stock price will depend on market sentiment and broader industry trends.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100