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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 $21.2 million to $8.9 million, resulting in a 58% decrease. The Company remains foc ...