BLAIZE HOLDINGS INC C/WTS 13/01/2030 (TO PUR COM) | 8-K: FY2025 Q3 Revenue: USD 11.9 M

Revenue: As of FY2025 Q3, the actual value is USD 11.9 M.

EBIT: As of FY2025 Q3, the actual value is USD -26.97 M.

Segment Revenue

• The company expects to report revenue of approximately $11.9 million for the three months ended September 30, 2025.

Operational Metrics

• Net loss is estimated at - $26.3 million for the same period.
• Adjusted EBITDA Loss is projected to be between - $11.0 million and - $12.0 million.

Unique Metrics

• The company shipped its first products to Starshine Computing Power Technology Limited, recognizing revenue of approximately $10.4 million and receiving approximately $1.6 million in cash to date.

Cash Flow and Financing Activities

• Polar Private Placement: The company announced a private placement of common stock and warrants with Polar Asset Management Partners, resulting in aggregate gross proceeds of approximately $30.0 million before deducting offering expenses. The proceeds are intended for working capital, general corporate purposes, and advancing the commercialization of the Blaize AI platform.

Outlook / Guidance

• The proceeds from the PIPE, along with other funds, are expected to support the company’s core operations, excluding next-gen chip investments, into the second half of 2026.
• Blaize Holdings, Inc. has granted Polar a right of participation in future capital raising transactions for a one-year period following the Polar Private Placement, subject to certain exceptions and limitations.