Bollinger Innovations (BINI) announced the Company has taken further cost cutting actions by reducing its quarterly cash burn from $21.2M to $8.9M, resulting in a 58% decrease. 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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BINI:
- Bollinger Motors announces 30 unit vehicle sale to Ziegler, Range Truck Group
- Bollinger Innovations Announces New Cost-Cutting Measures
- Bollinger Motors names Ziegler Truck, Range Truck official dealers
- Bollinger Innovations announces additional cost cutting measures
- Bollinger Innovations Faces Nasdaq Delisting Hearing