Bolt Projects Q2 revenue $1.3M (+23x YoY); Nasdaq delisting notice received

Bolt Projects Holdings, Inc.

2025-Q2 EPS reported -$5.53 revenue$1,473,000

Revenue $1.3M vs $56K in Q2 2024; positive gross profit achieved ahead of plan.
Guidance: FY2025 revenue >=$4.5M, gross profit >=$0.5M; FY2026 revenue >=$9M, gross profit >=$1.0M.
Entered non-binding term sheet with Ascent Partners for up to $20M preferred stock and equity line of credit.
On Aug 12, received Nasdaq delisting determination; intends to appeal and request stay to remain listed.
Q2 net loss $4.6M ($2.20 per share) vs $58.9M ($252.21) in Q2 2024; adjusted EBITDA -$3.3M.

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