secwatch.observer — SEC 8-K summary
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Issuer:     Bolt Projects Holdings, Inc. (BSLK)
CIK:        0001841125
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001213900-24-095455
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bolt Projects Q3 revenue drops to $0.01M; guides 2024 revenue at least $1M, 2025 at least $4.5M
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- Q3 2024 revenue ~$0.01M, down from $1.3M YoY; operating loss $20.2M vs $5.1M.
- Net income of $6.4M driven by warrant remeasurement gain; adjusted EBITDA -$2.8M vs -$4.1M.
- Guides 2024 revenue at least $1.0M and 2025 revenue at least $4.5M; expects positive gross profit in 2025.
- Cost per kg of b-silk reduced >60% in 2024; produced >3,000 kg YTD with CMO partner.
- Launched two new sunscreen products (Freaks of Nature) with b-silk; new xl-silk and exclusive b-silk serum introduced.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841125/000121390024095455/0001213900-24-095455-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841125/000121390024095455/ea0220313-8k_bolt.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-095455

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer