11:03 AM EDT, 10/02/2024 (MT Newswires) -- Mullen Automotive ( MULN ) said Wednesday it expects fiscal Q4 revenue of about $4.5 million, compared with $65,235 in the prior quarter.

The electric vehicle maker said it intends to continue to improve its cash burn with operating reductions throughout next year, with the expectation to achieve breakeven on a cash basis by December 2025.

Mullen Automotive ( MULN ) shares were down nearly 2% in recent trading.

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