<span item_type="fundamental" item_id="ddd78408f91017f0699ebadff958482c" counter_id="ST/US/BSLKW" env="prod"></span><span item_type="announcement" item_id="548725281159781633" env="prod"></span><p>Revenue: As of FY2025 Q2, the actual value is USD 1.302 M.</p><p>EPS: As of FY2025 Q2, the actual value is USD -2.2.</p><p>EBIT: As of FY2025 Q2, the actual value is USD -4.269 M.</p><p></p><h3>Segment Revenue</h3><ul><li>Vegan Silk Technology Platform revenues grew twenty-three-fold year-over-year to $1.3 million in Q2 2025, driven by growing commercial momentum.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841125/000184112525000110/bolt-ex991x2025x08x12xbolt.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>Positive gross profit was achieved ahead of internal estimates, with a gross margin of $62 thousand in Q2 2025, compared to a gross loss of $29 thousand in Q2 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841125/000184112525000110/bolt-ex991x2025x08x12xbolt.htm"></span></li><li>Operating expenses decreased to $4.9 million in Q2 2025 from $9.6 million in Q2 2024, primarily due to the absence of bridge note issuance costs.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841125/000184112525000110/bolt-ex991x2025x08x12xbolt.htm"></span></li><li>Loss from operations was $4.8 million, and net loss was $4.6 million in Q2 2025, compared to $9.6 million and $58.9 million, respectively, in Q2 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841125/000184112525000110/bolt-ex991x2025x08x12xbolt.htm"></span></li><li>Adjusted EBITDA was - $3.3 million in Q2 2025, compared to - $2.6 million in Q2 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841125/000184112525000110/bolt-ex991x2025x08x12xbolt.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Net cash used in operating activities was - $2.9 million for the six months ended June 30, 2025, compared to - $7.4 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/1841125/000184112525000110/bolt-ex991x2025x08x12xbolt.htm"></span></li><li>Cash and cash equivalents were $1.0 million as of June 30, 2025, compared to $3.5 million as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841125/000184112525000110/bolt-ex991x2025x08x12xbolt.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>Bolt has entered into a non-binding term sheet to secure up to $20 million of financing in preferred stock and an equity line of credit from Ascent Partners.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841125/000184112525000110/bolt-ex991x2025x08x12xbolt.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>Bolt projects revenues of at least $4.5 million in 2025 and at least $9.0 million in 2026, with gross profit guidance of $0.5 million for 2025 and $1.0 million for 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841125/000184112525000110/bolt-ex991x2025x08x12xbolt.htm"></span></li><li>The company aims to achieve long-term, sustainable profitability through revenue growth, operational efficiencies, and cost of goods sold reductions.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841125/000184112525000110/bolt-ex991x2025x08x12xbolt.htm"></span></li><li>Bolt intends to appeal a Nasdaq delisting determination and present a compliance plan to remain listed.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841125/000184112525000110/bolt-ex991x2025x08x12xbolt.htm"></span></li></ul>

BOLT PROJECTS HOLDINGS INC C/WTS EXP 13/08/2029 (TO PUR COM) | 8-K: FY2025 Q2 Revenue: USD 1.302 M