As of March 21, 2025, Mullen has Recognized Record GAAP Quarterly Revenue of $3.18M
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Mullen Automotive announced record quarterly GAAP revenue of $3.18 million as of March 21, 2025, representing a 189% increase compared to its entire 2024 fiscal year revenue of $1.1 million. The company is focusing on commercial electric vehicles, including the Mullen ONE cargo van and Mullen THREE cab chassis truck, and has expanded its commercial dealer network to seven dealers across key U.S. markets.
March 26, 2025 | 1:30 pm
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POSITIVE IMPACT
The company's 189% revenue increase compared to the entire 2024 fiscal year suggests positive momentum in commercial EV sales and market expansion.
The substantial revenue growth indicates improving sales performance, successful product certification, and expanding dealer network. This positive financial development could attract investor interest and potentially drive stock price upward.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100