BLAIZE HOLDINGS INC C/WTS 13/01/2030 (TO PUR COM) | 8-K: FY2025 Q2 Revenue: USD 1.982 M

Revenue: As of FY2025 Q2, the actual value is USD 1.982 M.

EPS: As of FY2025 Q2, the actual value is USD -0.28.

EBIT: As of FY2025 Q2, the actual value is USD -29.41 M.

Segment Revenue

• Total Revenue: $1.982 million for the second quarter of 2025, a 97% increase compared to the first quarter of 2025, driven by initial shipments of the South Asia purchase order.

Operational Metrics

• Net Loss: - $29.589 million for the second quarter of 2025, an improvement from - $147.761 million in the first quarter of 2025.
• Gross Margin (GAAP): 59% for the second quarter of 2025, down from 68% in the first quarter of 2025.
• Adjusted EBITDA Loss: - $12.933 million for the second quarter of 2025, compared to - $15.380 million in the first quarter of 2025, reflecting a stable cost base and improved gross margin.

Cash Flow

• Cash and Cash Equivalents: $29.1 million as of June 30, 2025, including $0.5 million held in escrow.
• Net Cash Used in Operating Activities: - $32.373 million for the six months ended June 30, 2025.

Unique Metrics

• Hardware Revenue: $57 thousand for the second quarter of 2025, compared to $1.007 million in the first quarter of 2025.
• Software Revenue: $300 thousand for the second quarter of 2025.

Outlook / Guidance

• Blaize expects continued revenue growth from existing contracts and new wins across Asia, the Americas, and the Gulf Region. The company is working closely with manufacturers to secure supply chain capacity and enhance internal systems to scale order fulfillment and revenue recognition.
• Revenue guidance for the third quarter of 2025 is between $11.0 million to $11.5 million, and for the fiscal year 2025, between $35.0 million to $38.0 million.
• Adjusted EBITDA loss guidance for the third quarter of 2025 is between $13.5 million to $14.5 million, and for the fiscal year 2025, between $55.0 million to $58.0 million.