other material
confidence high
sentiment positive
materiality 0.65
Bolt Projects raises 2025 revenue guidance to at least $4.5M; 2024 revenue $1.4M beats prior guidance
Bolt Projects Holdings, Inc.
- 2024 revenue of ~$1.4M, a 37% improvement on FY2024 guidance of $1.0M.
- 2025 revenue expected at least $4.5M; positive gross margins on b-silk and xl-silk expected in FY2025.
- COGS reduced more than 50% in 2024; near break-even gross margin achieved in Q4 2024.
- Customer funnel grew from 43 to over 148; launches from Freaks of Nature, Haus Labs, and planned 2025 launch with Goddess Maintenance Co.
- Total addressable opportunity for vegan silks estimated at $3B+ per year.