<span item_type="fundamental" item_id="2b379c838be0137e6cd654e9e3f2918d" counter_id="ST/US/BSLKW" env="prod"></span><span item_type="announcement" item_id="515392612262812929" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 171 K.</p><p>EPS: As of FY2025 Q1, the actual value is USD -3.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Revenue</strong>: For the three months ended March 31, 2025, revenue was $171,000, an increase from $19,000 for the same period in 2024, primarily due to increased sales of products from the Vegan Silk Technology Platform, including the b-silk product.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841125/000184112525000075/bslk-20250331.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Gross Loss</strong>: The gross loss for the three months ended March 31, 2025, was $1,000, compared to a gross loss of $46,000 for the same period in 2024, reflecting a decrease in inventory adjustment costs.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841125/000184112525000075/bslk-20250331.htm"></span></li><li><strong>Operating Expenses</strong>: Total operating expenses for the three months ended March 31, 2025, were $5.4 million, compared to $5.2 million for the same period in 2024. This includes research and development expenses of $925,000, sales and marketing expenses of $120,000, and general and administrative expenses of $4.4 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841125/000184112525000075/bslk-20250331.htm"></span></li><li><strong>Net Loss</strong>: The net loss for the three months ended March 31, 2025, was $5.96 million, compared to a net loss of $6.59 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841125/000184112525000075/bslk-20250331.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Used in Operating Activities</strong>: For the three months ended March 31, 2025, net cash used in operating activities was $2.47 million, a decrease from $4.54 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841125/000184112525000075/bslk-20250331.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Stock-Based Compensation</strong>: Total stock-based compensation expense for the three months ended March 31, 2025, was $2.13 million, compared to $98,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841125/000184112525000075/bslk-20250331.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company plans to continue leveraging its Vegan Silk Technology Platform to increase sales of b-silk, focusing on expanding its market presence in the beauty and personal care industry.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841125/000184112525000075/bslk-20250331.htm"></span></li><li><strong>Non-Core Business</strong>: The company has discontinued the commercial development of Mylo to focus exclusively on the Vegan Silk Technology Platform.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841125/000184112525000075/bslk-20250331.htm"></span></li></ul>

BOLT PROJECTS HOLDINGS INC C/WTS EXP 13/08/2029 (TO PUR COM) | 10-Q: FY2025 Q1 Revenue: USD 171 K