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BINI · OTC · United States · Motor Vehicles & Passenger Car Bodies
In shortBOLLINGER INNOVATIONS, INC. is loss-making, burns cash and holds more cash than debt, with revenue growing (+199.0% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -35805.4% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -41766.4% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -506.7% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | – | n/a |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.34× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | – | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -7.94× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -61.63 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -18303.9% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 0 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 0 of 5 | 0/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 2 | 100/100 |
| Revenue growth volatility | 134.0% | 0/100 |
| Operating margin volatility | 52405.6% | 0/100 |
Weight in the score: 20%
Fiscal year 2024 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY18 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Revenue | 66 | – | – | 0.4 | 1.1 |
| Cost of revenue | 56 | – | – | 0.3 | 17 |
| Gross profit | 10 | – | – | 0.1 | (16) |
| Research & development | – | 3 | 22 | 77 | 75 |
| Selling, general & admin | 9.8 | – | – | – | – |
| Operating income | (4.3) | (22) | (97) | (378) | (392) |
| Interest expense | 0.8 | – | – | 5 | 49 |
| Pre-tax income | (4) | (44) | (740) | (1,018) | (510) |
| Income tax | – | 0 | (0.3) | (11) | (3.9) |
| Net income | (4.9) | (44) | (740) | (972) | (457) |
| Diluted EPS | −$1.28 | −$8.56 | −$63,083.67 | −$1,574.14 | – |
| Diluted shares (millions) | 3.9 | 5.2 | 0 | 0.6 | – |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
−61.63 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
3/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2025 · Data updated Aug 15, 2025