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Bollinger Innovations Announces Additional Cost Cutting Measures
Globenewswireยท 2025-09-02 12:30
Company cost cutting initiatives include additional staff cuts and closing of facilities to further reduce overall operating expenses For the quarter ending June 30, 2025, G&A and R&D expenses totaled $47.7M; Company has further reduced G&A and R&D to $18.6M (61% drop) per quarter moving forward Post recent consolidation of Company operations, additional reductions include: Additional reduction in staff Further elimination of facilities and personnel in Irvine, CA, Monrovia, CA, Mishawaka, IN Elimination o ...