Bollinger Innovations posts $291.8M net loss; cash burn cut 53.7% YoY to $73.6M

BOLLINGER INNOVATIONS, INC.

Net loss after preferred dividends: $291.8M for 9 months (vs $289.9M prior year).
Revenue from vehicle sales: $8.3M (9 months) vs $98.6K YoY; gross loss $15.8M.
Cash and restricted cash $0.9M at June 30 (down from $10.7M); working capital deficit $144.1M.
Post-quarter, warrant/note conversions increased stockholder equity by >$110M; estimated equity now >$3M.
Manufacturing consolidation: moving B4 production to Tunica, MS to reduce cost and streamline operations.

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