Bollinger Innovations cuts costs: additional staff cuts, facility closures, G&A/R&D down to $18.6M/quarter (61% drop)

BOLLINGER INNOVATIONS, INC.

Additional staff reductions and closure of facilities in Irvine, CA, Monrovia, CA, and Mishawaka, IN.
Elimination of third-party manufacturing with Roush Industries; B4 production consolidated to Tunica, MS plant.
G&A and R&D expenses reduced from $47.7M (Q ended June 30, 2025) to $18.6M per quarter, a 61% drop.
Company continues to reduce operating expense burn rate while focusing on commercial vehicle revenue.
CEO David Michery cites streamlined operations and focus on selling commercial EVs in 2025 and beyond.

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