Bollinger Innovations Takes Further Cost Cutting Actions Resulting in Reducing Its Quarterly Cash Burn from $21.2M to $8.9M; a 58% Quarterly Decrease
Bollinger Innovations (NASDAQ: BINI), an electric vehicle manufacturer, has successfully reduced its quarterly cash burn by 58%, from $21.2 million to $8.9 million. The company implemented cost-cutting measures while maintaining its core marketing, sales, and manufacturing capabilities.
The company continues to focus on commercial vehicle sales across Classes 1, 3, and 4, offering products including an urban delivery EV cargo van, urban utility EV cab chassis truck, and the Bollinger B4 Chassis Cab. All vehicles are compliant with U.S. Federal Motor Vehicle Safety Standards, EPA, and CARB certifications.
Bollinger Innovations (NASDAQ: BINI), produttore di veicoli elettrici, ha ridotto con successo il suo cash burn trimestrale del 58%, passando da $21,2 milioni a $8,9 milioni. L'azienda ha implementato misure di taglio dei costi mantenendo le sue principali capacità di marketing, vendite e produzione.
L'azienda continua a concentrarsi sulle vendite di veicoli commerciali nelle Classi 1, 3 e 4, offrendo prodotti che includono un furgone cargo elettrico urbano per consegne, una cabina chassis elettrica urbana per l'utilità e il Bollinger B4 Chassis Cab. Tutti i veicoli rispettano gli standard di sicurezza federali statunitensi per i veicoli a motore, nonché le certificazioni EPA e CARB.
Bollinger Innovations (NASDAQ: BINI), fabricante de vehículos eléctricos, ha reducido con éxito su quema de caja trimestral en un 58%, pasando de $21,2 millones a $8,9 millones. La empresa implementó medidas de ahorro de costos manteniendo sus capacidades centrales de marketing, ventas y fabricación.
La compañía continúa enfocándose en ventas de vehículos comerciales para las Clases 1, 3 y 4, ofreciendo productos que incluyen una furgoneta de reparto eléctrica urbana, un camión chasis utilitario eléctrico urbano y el Bollinger B4 Chassis Cab. Todos los vehículos cumplen con las normas federales de seguridad de vehículos a motor de EE. UU., y cuentan con certificaciones EPA y CARB.
볼링거 이노베이션스(NASDAQ: BINI), 전기차 제조업체,는 분기 현금 소모를 58% 줄이는 데 성공했고, 2120만 달러에서 890만 달러로 감소했습니다. 회사는 핵심 마케팅·영업·제조 역량을 유지하면서 비용 절감 조치를 시행했습니다.
회사는 여전히 1, 3, 4군의 상용차 판매에 집중하고 있으며, 도시 배달용 전기 상용 밴, 도시 유틸리티 전기 차샤시 트럭, 그리고 Bollinger B4 차샤시 캡을 포함한 제품을 제공합니다. 모든 차량은 미국 연방 자동차 안전 기준(FMVSS) 및 EPA 및 CARB 인증을 준수합니다.
Bollinger Innovations (NASDAQ: BINI), constructeur de véhicules électriques, a réussi à réduire de 58% son cash burn trimestriel, passant de $21,2 millions à $8,9 millions.L’entreprise a mis en œuvre des mesures de réduction des coûts tout en préservant ses capacités clés en marketing, ventes et fabrication.
L’entreprise continue de se concentrer sur les ventes de véhicules commerciaux dans les classes 1, 3 et 4, en proposant des produits tels qu’un fourgon de livraison urbain électrique, un camion-châssis utilitaire urbain électrique et le Bollinger B4 Chassis Cab. Tous les véhicules respectent les normes fédérales américaines de sécurité des véhicules à moteur, ainsi que les certifications EPA et CARB.
Bollinger Innovations (NASDAQ: BINI), Hersteller von Elektrofahrzeugen, hat den quartalsweisen Cash Burn erfolgreich um 58% gesenkt und von 21,2 Mio. USD auf 8,9 Mio. USD reduziert. Das Unternehmen implementierte Kostensenkungsmaßnahmen, während es seine Kernkompetenzen in Marketing, Vertrieb und Fertigung beibehielt.
Das Unternehmen konzentriert sich weiterhin auf den Verkauf von Nutzfahrzeugen in den Klassen 1, 3 und 4 und bietet Produkte wie einen städtischen Liefer-EV-Transporter, einen städtischen EV-Chassis-Lkw und den Bollinger B4 Chassis Cab. Alle Fahrzeuge erfüllen die US-Bundesnormen für Fahrzeugsicherheit (FMVSS), sowie EPA- und CARB-Zertifizierungen.
Bollinger Innovations (المدرجة في Nasdaq: BINI)، شركة مصنعة للمركبات الكهربائية، نجحت في تقليل استهلاك النقد ربع السنوي بنسبة 58%، من 21.2 مليون دولار إلى 8.9 مليون دولار. نفذت الشركة إجراءات خفض التكاليف مع الحفاظ على قدراتها الأساسية في التسويق والمبيعات والتصنيع.
تواصل الشركة تركيزها على مبيعات المركبات التجارية عبر الفئات 1 و3 و4، مع عروض تشمل شاحنة توصيل حضرية كهربائية، وشاحنة هيكل شاسيه حضرية كهربائية للمرافق، و Bollinger B4 Chassis Cab. جميع المركبات تتوافق مع معايير السلامة الفيدرالية الأمريكية للمركبات، وشهادات EPA وCARB.
Bollinger Innovations（NASDAQ: BINI），一家电动汽车制造商，已成功将季度现金烧耗降低了 58%，从 $21.2 百万美元降至 $8.9 百万美元。公司在保持核心市场、销售和制造能力的同时，实施了降本措施。
公司仍专注于在 1、3、4 类商用车领域的销售，产品包括城市配送用电动厢式货车、城市公用底盘电动车以及 Bollinger B4 底盘驾驶室车。所有车辆均符合美国联邦机动车安全标准、EPA 与 CARB 认证。
- Significant 58% reduction in quarterly cash burn from $21.2M to $8.9M
- Cost reductions achieved while maintaining core business capabilities
- Continued sales momentum across multiple vehicle classes
- Full compliance with U.S. safety and emissions standards
- Still burning $8.9M cash per quarter despite cost-cutting measures
- No specific revenue or sales figures provided to offset cash burn
Company is reducing expenses without affecting marketing, sales and manufacturing capabilities while sales momentum continues to grow
BREA, 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
The Company remains focused on reducing expenses without affecting marketing, sales and manufacturing capabilities while EV sales momentum continues to grow across commercial vehicle Classes 1, 3 and 4.
“We remain committed to our commercial vehicle sales opportunities and expanding our market reach while continuing to focus on positioning the Company for long term success,” stated David Michery, CEO and Chairman of Bollinger Innovations and Bollinger Motors.
The Company’s commercial EV lineup includes the Class 1 urban delivery EV cargo van and the Class 3 urban utility EV cab chassis truck, purpose-built to meet the demands of urban last-mile delivery and service. The Bollinger B4 Chassis Cab is an all-electric Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input.
All vehicles are available for sale in the U.S. and in full compliance with U.S. Federal Motor Vehicle Safety Standards, the Environmental Protection Agency, and the California Air Resources Board (“CARB”) certifications denoting strict adherence to clean air emissions standards.
About Bollinger Innovations, Inc.
Bollinger Innovations (NASDAQ: BINI) is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) with a U.S. based vehicle manufacturing facility located in Tunica, Mississippi. Both the ONE, a Class 1 EV cargo van, and THREE, a Class 3 EV cab chassis truck, are available for sale in the U.S. The Company’s commercial dealer network consists of six dealers, which includes Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group and Randy Marion Auto Group, providing sales and service coverage in key West Coast, Midwest, Pacific Northwest, New England, and Mid-Atlantic markets. Bollinger Motors, of Oak Park, Michigan, is an established EV truck company of Bollinger Innovations. Bollinger Motors has passed numerous milestones including its B4, Class 4 electric truck production launch on Sept. 16, 2024, and the development of a world-class dealer network with over 50 locations across the United States for sales and service support.
To learn more about the Company, visit www.BollingerEV.com.
Forward-Looking Statements
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Bollinger Innovations and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, whether the implementation of anticipated cost-cutting and expense reduction initiatives and the resultant impact to the Company, if any, of these measures are met and successful. Additional examples of such risks and uncertainties include but are not limited to: (i) Bollinger Innovations’ ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Bollinger Innovations’ ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Bollinger Innovations’ ability to successfully expand in existing markets and enter new markets; (iv) Bollinger Innovations’ ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Bollinger Innovations’ business; (viii) changes in government licensing and regulation that may adversely affect Bollinger Innovations’ business; (ix) the risk that changes in consumer behavior could adversely affect Bollinger Innovations’ business; (x) Bollinger Innovations’ ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Bollinger Innovations with the Securities and Exchange Commission. Bollinger Innovations anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Bollinger Innovations assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Bollinger Innovations’ plans and expectations as of any subsequent date.
Contact:
Bollinger Innovations, Inc.
+1 (714) 613-1900
www.BollingerEV.com
Corporate Communications:
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512-354-7000 Office
Editor@InvestorBrandNetwork.com
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