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Bolt Projects Holdings Announces Preliminary Third Quarter Results and Updates Fiscal 2025 Guidance

  • Bolt Projects Holdings announced preliminary Q3 2025 revenue of approximately $370 thousand, representing 7,000% year-over-year growth.
  • The company expects Q3 2025 gross profit margins to be at least 15%, up from approximately 5% in Q2 2025.
  • Bolt initiated a $20 million equity line of credit with Ascent Partners LLC in September 2025 2025 2025 & began utilizing it in October 2025 to improve liquidity.
  • Full year 2025 revenue guidance remains at approximately $4.5 million, a 228% increase over 2024.
  • Full year 2025 gross profit guidance was raised to $1.0 million, doubling the prior Q2 guidance of $0.5 million.
  • Management is pausing operations in discontinued areas like mycelium leather to focus exclusively on the Vegan Silk™ Technology Platform.
  • Bolt plans to use recent financing, including a $30 million convertible debt facility, to strengthen its balance sheet in Q4 2025.
  • Preliminary financial results are unaudited 2025 & subject to change upon completion of quarter-end close processes 2025.
  • The company's business relies on its b-silk™ product from the Vegan Silk Technology Platform, which holds 80 granted patents 2025 2025.