An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Impairment of property, plant, and equipment, and other non-current assets

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Impairment of right-of-use assets

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Mullen Automotive

Mullen Automotive Inc. is a southern California-based electric vehicle company, which engages in the manufacture of passenger electric vehicles and commercial vehicles. The company was founded on April 20, 2010 and is headquartered in Brea, CA.

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Mullen Automotive Inc. operates as an electric vehicle company, which engages in the manufacture of passenger electric vehicles and commercial vehicles. It operates through the Bollinger and Mullen/ELMS segments. The company was founded by David Michery on April 20, 2010 and is headquartered in Brea, CA.

Mullen Automotive (NASDAQ: MULN) stock price sell-off intensified even as the company started its share buyback program. The shares plunged by more than 19% on Thursday and hit its all-time low of $0.79, giving it a market cap of over $56 million.

MULN stock price: Can Mullen sustain its share buyback?

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Earlier this week, it was announced that Ault Alliance (NYSEMKT: AULT ), a financier and former key shareholder of Mullen Automotive (NASDAQ: MULN ), had settled its charges with the U.S. Securities and Exchange Commission (SEC). The SEC alleged that Ault made materially false and misleading statements concerning the performance of its cryptocurrency asset mining business and a $50 million purchase order from a related party controlled by Ault called Avalanche International.

Mullen's Former Key Shareholder Just Settled Charges With the SEC

Mullen Automotive (NASDAQ: MULN ) stock is in focus, as the company has announced the commencement of its $25 million buyback program, effective as of Aug. 16 and expiring on Dec. 31. On Aug. 16, Mullen used $3.26 million of its buyback program to repurchase 3.7 million shares of MULN stock.

MULN Stock Alert: Mullen Launches Stock Buyback Program

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$25 Million buyback program began on Aug. 16, 2023, and is authorized through Dec. 31, 2023 $25 Million buyback program began on Aug. 16, 2023, and is authorized through Dec. 31, 2023

Mullen Automotive Starts Stock Buyback Program

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It's no secret that unstable companies often attract the attention of retail investors. After all, Wall Street loves to bet against companies with little-to-no growth prospects.

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The Mullen FIVE RS EV Sport Crossover, featuring a top speed of over 200 mph and acceleration from 0-60 mph in under 2 seconds, will be highlighted on the upcoming “Strikingly Different” EV tour kicking off on Aug. 20, 2023, in Austin, Texas

Mullen Announces Debut of the Ultra-High-Performance FIVE RS Demonstrator

The deadline for institutional investors to file a Form 13F for the second quarter has officially passed. As a result, we can now take a look at institutional ownership for Mullen Automotive (NASDAQ: MULN ) stock as of June 30.

5 Investors Betting Big on Mullen (MULN) Stock in Q2

Thrill seekers, listen up! Electric vehicle (EV) manufacturer Mullen Automotive (NASDAQ: MULN ) has major news for current and prospective investors.

Buckle Up! Mullen's Electric Moves Could Drive MULN Stock Higher.

Mullen Automotive (NASDAQ: MULN ) stock is in full focus after the company reported its fiscal third-quarter earnings for the three months ended June 30. Its net loss per share tallied in at $11.14, compared to a loss of $4.26 a year ago.

MULN Stock Alert: Mullen Posts Quarterly Loss of $11.14 a Share

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Mullen Automotive, Inc. Announces Major Milestones of Moving from Protype to Production for Class 3 Commercial Vehicles and Recording First Revenues Mullen Automotive, Inc. Announces Major Milestones of Moving from Protype to Production for Class 3 Commercial Vehicles and Recording First Revenues

Mullen Automotive Provides Fiscal Third Quarter Results and Current Business Update

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Mullen Automotive is conducting a 1-for-9 reverse stock split, its second in 2023 as dire market confidence towards its medium-term ability to remain a going concern drives shares to lows. The EV upstart is set to buy back its stock even as its outstanding share count has risen by 147% over the last year. Its large cash position is countered by steep free cash outflows and what's set to be continued near-term losses even as the company begins vehicle production.

Mullen Automotive Is Advancing In Reverse Into Failure

Mullen Automotive (NASDAQ: MULN ) stock is trading at a much higher price than when compared to yesterday, and that's entirely due to a 1-for-9 reverse stock split that became effective at 12:01 a.m. Eastern today.

MULN Stock Struggles to Stay Above $1 Following Mullen's Reverse Split

Earlier this week, Mullen Automotive (NASDAQ: MULN ) announced that its shares would undergo a 1-for-9 reverse stock split. This decision was made after shareholders at the company's recent annual meeting of stockholders voted in favor of authorizing a reverse split in a range between 1-for-2 and 1-for-100.

MULN Stock Alert: Mullen's Reverse Stock Split Takes Effect TOMORROW

BREA, Calif., Aug. 10, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle manufacturer, announced today that it will effect a 1-for-9 reverse stock split (“Reverse Stock Split”) of its common stock, par value $0.001 per share (“Common Stock”), that will become effective on August 11, 2023, at 12:01 a.m., Eastern Time. Mullen's Common Stock will continue to trade on The Nasdaq Capital Market (“Nasdaq”) under the existing symbol “MULN” and will begin trading on a split-adjusted basis when the market opens on August 11, 2023. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 62526P 307.

Mullen Automotive Inc. Announces 1-for-9 Reverse Stock Split effective August 11, 2023

Shares of Mullen Automotive (NASDAQ: MULN ) stock opened in the green after the electric vehicle (EV) company announced that it had kicked off production of its Class 3 Mullen THREE vehicle at its assembly plant in Tunica, Mississippi. From September to December, Mullen will gradually enter into a production ramp-up phase.

MULN Stock Alert: Mullen Launches Class 3 Production

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Novavax

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Class 3 vehicle production on track with vehicle assembly line active and initial vehicles nearing completion and on track for August and September customer deliveries

Mullen Class 3 Vehicle Production Has Started

Mullen Automotive (NASDAQ: MULN ) stock is currently trading below $1, but that might not be the case for long. This morning, the electric vehicle (EV) company announced that it would enact a 1-for-9 reverse stock split in order to regain compliance with Nasdaq's $1 minimum price requirement.

MULN Stock Alert: Mullen Announces 1-for-9 Reverse Stock Split

Mullen Automotive Inc. MULN, -4.94% stock was up 8% in premarket trades on Tuesday after the EV company said it's planning a one-for-nine reverse stock split and a $25 million stock buyback. CEO David Michery said the company remains “highly undervalued.

Mullen Automotive announces reverse stock split and stock buyback

Company to begin repurchasing stock up to $25 million through stock buyback program Company to begin repurchasing stock up to $25 million through stock buyback program

Mullen Announces a 1 for 9 Reverse Split

Shares of Mullen Automotive (NASDAQ: MULN ) stock opened in the red after the company revealed the results of its annual meeting of stockholders. Following the meeting, the company was met with heavy criticism on social media due to audio issues that prevented shareholders from hearing the preliminary results correctly.

News for Mullen Automotive Stock (MULN)