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MULLEN AUTOMOTIVE INC. (NETE)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsSep-30-22Sep-30-21Dec-31-20Sep-30-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16
   10-K10-K10-K10-K/A10-K10-K10-K10-K
Revenues:  
    North America Transaction Solutions    62.6 61.859.151.1 
    Other    3.1 3.26.68.9 
Total revenues   [+]14.66.165.72.465.065.860.154.3
            Revenue growth   [+]139.6%149.9%1.1% -1.2%9.5%10.6%34.9%
Cost of goods sold   [+]14.66.155.92.454.755.651.245.7
Gross profit  0.00.09.80.010.310.28.88.6
            Gross margin  0.0%0.0%15.0%0.0%15.8%15.5%14.7%15.8%
Selling, general and administrative   [+]75.319.47.010.49.39.810.68.8
Research and development  21.73.0 1.7    
Other operating expenses  0.1 4.3 4.72.94.38.9
EBITDA   [+]-93.8-21.7-1.4-11.4-3.8-2.5-6.1-9.1
            EBITDA margin  -642.4%-355.9%-2.2%-466.3%-5.8%-3.8%-10.1%-16.8%
Depreciation  1.80.50.40.70.40.40.20.2
EBITA  -95.6-22.2-1.9-12.1-4.2-2.9-6.3-9.3
            EBITA margin  -654.7%-363.7%-2.9%-495.1%-6.5%-4.4%-10.5%-17.1%
Amortization of intangibles  1.50.22.60.02.72.12.33.3
EBIT   [+]-97.0-22.4-4.5-12.1-6.9-5.0-8.6-12.6
            EBIT margin  -664.8%-367.8%-6.8%-496.1%-10.6%-7.6%-14.3%-23.1%
Non-recurring items   [+]-0.1 0.0 -1.3-0.6 -3.7
Interest expense  26.921.21.418.11.10.81.21.5
Other income (expense), net   [+]-616.4-0.70.00.01.41.2-0.2-3.3
Pre-tax income  -740.3-44.2-5.9-30.2-5.3-4.0-10.0-13.6
Income taxes  0.00.00.00.01.10.9-0.10.0
            Tax rate     0.0%  1.1%0.0%
Minority interest  -0.8 0.0 -0.1-0.1-0.1-0.1
Net income  -780.0-44.2-5.9-30.2-6.5-4.9-9.9-13.5
            Net margin  -5344.3%-726.3%-9.0%-1237.8%-9.9%-7.5%-16.5%-24.8%
   
Basic EPS   [+]($2.80)($8.56)($1.34)($5.23)($1.60)($1.28)($5.04)($10.33)
Diluted EPS   [+]($2.80)($8.56)($1.34)($5.23)($1.60)($1.28)($5.04)($10.33)
   
Shares outstanding (basic)   [+]278.25.24.45.84.03.92.01.3
Shares outstanding (diluted)   [+]278.25.24.45.84.03.92.01.3
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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