Bollinger Innovations Inc.
BINI Consumer Cyclical Auto Manufacturers
Bollinger Innovations Inc.’s revenue for fiscal 2024 (year ended September 2024) was $1.1 million, up 199.0% from fiscal 2023. In the quarter to June 2025, revenue grew 626.5%, EPS grew 99.7% and free cash flow grew 44.6%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
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Bollinger Innovations Inc. (BINI) Piotroski F-score
Bollinger Innovations Inc.'s Piotroski F-score for fiscal 2024 cannot be worked out: needs three fiscal years.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2020 | 4 | 1.00 |
| FY2019 | 3 | (1.00) |
| FY2018 | 4 | 1.00 |
| FY2017 | 3 | (2.00) |
| FY2016 | 5 | — |
How fiscal 2024’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (156.90%) | — | Fail | 0 |
| Positive operating cash flow | (185.56m) | (179.17m) | Fail | 0 |
| Rising return on assets | (156.90%) | — | n/a | — |
| Cash flow above net income | 285.41m | 785.72m | Pass | 1 |
| Falling long-term leverage | 0.00 | — | n/a | — |
| Rising current ratio | 0.34 | 1.42 | Fail | 0 |
| No new shares issued | 330,400 | 6,100 | Fail | 0 |
| Rising gross margin | (1,443.83%) | 25.16% | Fail | 0 |
| Rising asset turnover | 0.00 | — | n/a | — |
| Piotroski F-score | n/a — needs three fiscal years | — | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| VEVMQ Vicinity Motor Corp. compare | 3 |
| ECDA ECD Automotive Design, Inc. compare | 3 |
| FFAI Faraday Future Intelligent Electric Inc. compare | 3 |
| DCX Digital Currency X Technology Inc. compare | — |
| EGOXF Next.e.GO N.V. compare | — |
| SSM Sono Group N.V. compare | — |
| ZAPPF Zapp Electric Vehicles Group Limited compare | — |
| GOEVQ Canoo Inc. compare | — |
| BINI Bollinger Innovations Inc. | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover