Blaize reports 2024 net loss of $61.2M on revenue of $1.55M; auditor cites going concern

Blaize Holdings, Inc.

Net loss $61.2M in 2024 (vs $87.6M in 2023); revenue fell 60% to $1.55M.
Accumulated deficit $429.3M as of Dec 31, 2024; cash balance $50.2M.
Auditor expresses substantial doubt about ability to continue as a going concern.
Merger closed Jan 13, 2025; Blaize now subsidiary of Blaize Holdings (BZAI).
Earnout shares up to 15M Class A shares triggered by stock price milestones $12.50-$20.00.

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