A Business at a Glance
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References in this Annual Report to the “Company”, “we”, “us”, “our” or similar references, or “Mullen,” mean Mullen Automotive Inc., a Delaware corporation, and its subsidiaries Ottava Automotive, Inc., a California corporation, Mullen Indiana Real Estate, LLC., a Delaware corporation, Mullen Investment Properties LLC, a Mississippi corporation, Mullen Advanced Energy Operations LLC, a California corporation, and a majority ownership in Bollinger Motors, Incorporated in Delaware. We are a Southern California-based technology and electric vehicle company that operates in various verticals of energy technology and automotive industry. The Company was originally formed on April 20, 2010, as a developer and manufacturer of electric vehicle technology. During 2021, the Company completed a merger with Net Element, Inc., a Delaware-incorporated company.
| Metric | TTM | FY2024 | FY2023 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|
| Revenue | 9.3M | 1.1M | 366K | 66M | 65M | 66M |
| Net Income | -473M | - | - | -30M | -6.5M | -4.9M |
| EPS | $88,739,606,278,030.00 | $-53,460,375,000,000.00 | $-59,026,968,750,000,000,000.00 | $-441,281,250,000,000,000.00 | $-135,000,000,000,000,000.00 | $-108,000,000,000,000,000.00 |
| Free Cash Flow | -115M | -200M | -194M | -11M | -4.5M | -3.4M |
| ROIC | -237.9% | - | - | -55.0% | -52.2% | -33.9% |
| Gross Margin | -338.9% | -1443.8% | 25.2% | 15.0% | 15.8% | 15.5% |
| Debt/Equity | 0.00 | -0.89 | 0.12 | -1.80 | 2.61 | 0.79 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -269M | -392M | -378M | -12M | -5.6M | -4.3M |
| Operating Margin | -2876.7% | -35805.4% | -103216.5% | -18.4% | -8.6% | -6.6% |
| ROE | 0.0% | - | - | - | -159.8% | -57.4% |
| Shares Outstanding | 0M | 0M | 0M | 0M | 0M | 0M |
BOLLINGER INNOVATIONS, INC. passes 1 of 9 quality checks, indicating weak fundamentals.
At current prices, the estimated annualized return to fair value is -7.6%.
BOLLINGER INNOVATIONS, INC. (BINI) has a 5-year average return on invested capital (ROIC) of -47.0%. This is below average and may indicate limited pricing power.
BOLLINGER INNOVATIONS, INC. (BINI) has a market capitalization of $2K. It is classified as a small-cap stock.
BOLLINGER INNOVATIONS, INC. (BINI) does not currently pay a regular dividend.
BOLLINGER INNOVATIONS, INC. (BINI) operates in the Motor Vehicles & Passenger Car Bodies industry, within the Consumer Cyclical sector.
BOLLINGER INNOVATIONS, INC. (BINI) reported annual revenue of $1 million in its most recent fiscal year, based on SEC EDGAR filings.
BOLLINGER INNOVATIONS, INC. (BINI) generated $-200 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
BOLLINGER INNOVATIONS, INC. (BINI) reported earnings per share (EPS) of $-53460375000000.00 in its most recent fiscal year.
BOLLINGER INNOVATIONS, INC. (BINI) has a 5-year average gross margin of -274.5%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 12 years of financial data for BOLLINGER INNOVATIONS, INC. (BINI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BOLLINGER INNOVATIONS, INC. (BINI) has a book value per share of $-17385145837.11, based on its most recent annual SEC filing.