Skip to content
BALCAO · MOTOR VEHICLES & PASSENGER CAR BODIES · SMALL CAP

Bollinger Innovations, Inc. BINI

14 fiscal years on record · USD · FY2024 reported · SEC filings only
$1.1M
▲ 199.0% YoY
$-457.1M
$-200.3M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

We are a Southern California-based technology and electric vehicle company that operates in various verticals of energy technology and automotive industry. The Company was originally formed on April 20, 2010, as a developer and manufacturer of electric vehicle technology. Mullen Automotive is a Southern California-based technology and automotive company that is building and delivering the newest generation of Commercial Trucks. We have a 124,700 sq ft facility located in Tunica, Mississippi that was purchased during 2021. Mullen owns a 675,000 sq ft manufacturing facility in Mishawaka, Indiana. As of September 30, 2024, Mullen employed 388 full-time employees including 243 Mullen and 145 Bollinger employees.

Written from the business description in Bollinger Innovations, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 24 January 2025. Every sentence was checked against that document before publication.

Growth

USD 1.1M
Revenue, FY2024 · full 14-year series below
Revenue $M Net income $M
FY2024 · Revenue 1.1 · Net income -457.1
-400M-800M
201120142017202020232024
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

·
Operating margin Net margin
FY2024 · Operating -35805.4% · Net ·
-50000%-100000%
201120172024
ROE
FY2023 · ROE -726.5%
-200%-400%-600%
201120172024
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.
Return on capital employedNot applicable: capital employed was zero or negative in this period, so return on capital employed has no meaning.
Gross margin-1443.8%
Operating margin-35805.4%
Net margin·
EBITDAUSD -369.8M

Cash & shareholders

USD 0.00
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF -200.3
-100M-200M
201120172024
Net buybacks $M Dividends $M
FY2024 · Dividends · · Net buybacks 0.0
2M4M
201120122013201420232024

Total assetsUSD 178.6M
EquityUSD -28.6M
CashUSD 10.3M
Gross debtUSD 5.4M
Net debtUSD -4.9M
Current ratio0.34×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 14-year record

14 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
BINI, 14-year financial record
Metric 20242023202220212020201920182017201620152014201320122011
Revenue $B0.00.0◌◌0.10.10.10.10.10.00.00.00.00.0
Operating income $B−0.4−0.4−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.4−0.4−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B−0.0−0.0−0.00.0◌◌◌0.00.00.00.00.00.0◌
Net income $B−0.5−1.0−0.7−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.2−0.2−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0◌−0.0−0.0
EPS, diluted $◌−1574.14−63083.67−8.56−5.23−1.60−1.28−5.04−10.33−23.22−2.73−1.70−0.77−1.37
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————————
ROE %—−726.5———−102.2−45.4−115.2−332.1◌◌◌−72.2−109.5
Shares out B0.000.000.000.010.010.000.000.000.000.010.050.030.030.01

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 65 reconciliationsAUDITED

Reconciled in 14 of the 14 fiscal years we could check. Eight checks were skipped: the balance sheet is not tagged before 2011. Four checks were skipped: EPS is not tagged before 2011. Four checks were skipped: revenue is not tagged before 2011.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityMotor Vehicles & Passenger Car Bodies
Listed onOTC market
Incorporated inDelaware
Fiscal year endsSeptember 30
SEC categorysmaller reporting company
Data on record since2011

Share this section

Download image