Blaize FY2024 revenue drops 59% to $1.6M; net loss narrows to $61.2M

Blaize Holdings, Inc.

Net revenue $1.6M vs $3.9M in FY2023, down 59% due to completion of Phase I of European OEM program.
Net loss $61.2M, a 30% improvement from $87.6M, helped by $14.5M lower financing and fair-value charges.
Adjusted EBITDA loss widened to $43.3M from $30.3M in the prior year.
Business combination with BurTech Acquisition Corp. completed January 2025; CEO cites growing AI-edge demand in Smart Cities, defense, automotive.

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