Mullen Expects Q3 2024 Revenue Of $4.5M; Plans Further Cash Burn Reductions Through 2025 With Target To Achieve Cash Breakeven By December 2025
Portfolio Pulse from Benzinga Newsdesk
Mullen Automotive anticipates a Q3 2024 revenue of $4.5 million and plans to reduce cash burn through 2025, aiming for cash breakeven by December 2025.
October 02, 2024 | 1:12 pm
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Mullen Automotive forecasts $4.5M in revenue for Q3 2024 and aims to reduce cash burn, targeting breakeven by December 2025. This indicates a strategic focus on financial stability.
The revenue projection and cash burn reduction plans suggest a positive outlook for Mullen's financial health. Achieving breakeven by December 2025 indicates a strategic focus on sustainability, which could positively influence investor sentiment and stock price.
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