Bollinger Innovations Takes Further Cost Cutting Actions Resulting in Reducing Its Quarterly Cash Burn from $21.2M to $8.9M; a 58% Quarterly Decrease
Globenewswire·2025-09-15 20:45
Company is reducing expenses without affecting marketing, sales and manufacturing capabilities while sales momentum continues to growBREA, Calif., Sept. 15, 2025 (GLOBE NEWSWIRE) -- via IBN – Bollinger Innovations, Inc. (NASDAQ: BINI) (“Bollinger Innovations” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the Company has taken further cost cutting actions by reducing its quarterly cash burn from 8.9 million, resulting in a 58% decrease. The Company remains foc ...