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MARKETS / BALCAO / BINI
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
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-800M20112013201520172019202120232024
Compound annual growth
−55.8%
−25.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −55.8% a year over five years.

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
−46223 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -35805.4% · Net -46222.8%
-100000%-200000%20112013201520172019202120232024
ROE
FY2024 · ROE -506.7%
-200%-400%-600%20112013201520172019202120232024
Gross margin-1443.8%
Operating margin-35805.4%
Net margin-46222.8%
Return on assets-168.5%
EBITDAUSD -369.8M

Each USD of equity lost 507 cents this year.

Cash & shareholders
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF -200.3
-80M-160M20112013201520172019202120232024
Net buybacks $M Dividends $M
FY2024 · Dividends — · Net buybacks 0.0
2M4M201120122013201420232024

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

Equity was negative — liabilities 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
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 %··············
ROE %−506.7−726.5··········−72.2−109.5
Shares out B0.000.000.000.010.010.000.000.000.000.000.000.030.030.02

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

Provenance
Company facts, as filed
How we verify · 0 failures in 65 reconciliationsAUDITED

Reconciled in 14 of 19 fiscal years. 27 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityMotor Vehicles & Passenger Car Bodies
Listed onOTC market
Incorporated inDelaware
Fiscal year endsSeptember 30
SEC categorysmaller reporting company
Data on record since2011

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