Revenue: As of FY2025 Q2, the actual value is USD 2.989 M.

EPS: As of FY2025 Q2, the actual value is USD -1.8.

EBIT: As of FY2025 Q2, the actual value is USD -177.15 M.

Segment Revenue

• Total Revenue: $1,982,000 for the three months ended June 30, 2025, compared to $223,000 for the same period in 2024, representing a 789% increase.
• Hardware Revenue: $57,000 for the three months ended June 30, 2025, compared to $2,000 for the same period in 2024.
• Software Revenue: $300,000 for the three months ended June 30, 2025, compared to $0 for the same period in 2024.

Operational Metrics

• Net Loss: -$29,589,000 for the three months ended June 30, 2025, compared to -$12,153,000 for the same period in 2024.
• Operating Expenses: Total operating expenses were $23,865,000 for the three months ended June 30, 2025, compared to $11,358,000 for the same period in 2024.

Cash Flow

• Net Cash Used in Operating Activities: -$32,373,000 for the six months ended June 30, 2025, compared to -$21,626,000 for the same period in 2024.
• Net Cash Used in Investing Activities: -$681,000 for the six months ended June 30, 2025, compared to -$81,000 for the same period in 2024.
• Net Cash Provided by Financing Activities: $11,428,000 for the six months ended June 30, 2025, compared to $105,858,000 for the same period in 2024.

Unique Metrics

• Customer Concentration: Two customers accounted for approximately 58% and 30% of accounts receivable as of June 30, 2025.

Future Outlook and Strategy

• Core Business Focus: Blaize aims to leverage its strategic partnership with Starshine to deliver a minimum of $120 million in revenue over the first 18 months of the agreement.
• Non-Core Business: The company is exploring alternative sourcing outside of China to mitigate the impact of new tariffs on imports.
• Priority: Blaize plans to use proceeds from a $50 million equity facility for strategic initiatives, including the commercialization of a South Asia smart infrastructure contract.