Bolt Projects 2025 Q1 Earnings Record Net Income Improvement
Daily EarningsTuesday, May 13, 2025 9:42 am ET
4min readBolt Projects (BSLK) reported its fiscal 2025 Q1 earnings on May 12th, 2025. The company delivered remarkable financial performance by significantly narrowing its net loss to $5.96 million, marking a 9.6% improvement from the previous year's $6.59 million loss. This record-setting fiscal Q1 net income, the highest in two years, highlighted Bolt Projects' ongoing efforts to enhance profitability. The company exceeded revenue expectations, showcasing strong progress in its Vegan Silk Technology Platform, with projections for 2025 and 2026 revenues set to increase substantially, reinforcing a path toward sustainable growth.
Revenue
The total revenue of increased by 800.0% to $171,000 in 2025 Q1, up from $19,000 in 2024 Q1.
Earnings/Net Income
Bolt Projects narrowed losses to $3.00 per share in 2025 Q1 from a loss of $28.22 per share in 2024 Q1, reflecting an 89.4% improvement. Meanwhile, the company successfully reduced its net loss to $5.96 million in 2025 Q1, a 9.6% improvement compared to the $6.59 million net loss reported in 2024 Q1. The EPS improvement is notable.
Price Action
The stock price of Bolt Projects has edged down 0.45% during the latest trading day, has edged up 0.30% during the most recent full trading week, and has surged 2220.25% month-to-date.
Post-Earnings Price Action Review
The strategy of buying Bolt Projects (BSLK) shares after their revenue drop on the financial report release date and holding for 30 days has resulted in significant losses over the past five years, with a cumulative return of -96.60%, underperforming the US market, which returned 8% during the same period. The approach failed to leverage the market's performance and did not generate positive returns for investors. This indicates that the post-earnings strategy has been ineffective in capturing market trends, leading to substantial underperformance compared to broader market indices. Investors need to consider alternative strategies to mitigate losses and align with overall market movements.
CEO Commentary
"We saw strong repeat order volume from existing customers coupled with continued growth in our sales pipeline," said Dan Widmaier, Chairman and CEO of Bolt Projects. He emphasized optimism about the Vegan Silk Technology Platform, highlighting its potential to provide sustainable alternatives in the beauty and personal care market. Widmaier noted that operational scalability is in place to meet rising customer demand, with a supply chain designed for flexibility and cost-effectiveness. He expressed confidence in becoming free cash flow positive as the company captures market share through product innovation and customer success.
Guidance
For the full year 2025, Bolt Projects projects Vegan Silk Technology Platform revenues to reach at least $4.5 million, and for 2026, revenues are expected to grow to at least $9.0 million. Management anticipates double-digit reductions in manufacturing costs per kilogram, aligned with volume growth and ongoing process optimization. "We expect to balance delivering competitive prices with increasing gross margins, working toward our long-term gross margin target of 60% over time," stated Widmaier, indicating a strong focus on sustainable profitability and revenue growth.
Additional News
Bolt Projects Holdings recently announced the resignation of Steven Klosk as a member of the Board and the Audit Committee on February 17, 2025. Moreover, the company received a non-compliance letter from Nasdaq regarding the minimum value of listed securities on February 15, 2025, which underscores challenges in maintaining its market position. Additionally, Bolt Projects Holdings disclosed plans to receive $0.36 million in funding, illustrating efforts to secure financial support and address liquidity requirements. These developments reflect ongoing corporate changes and strategic maneuvers to stabilize and enhance its market standing amidst regulatory and financial pressures.
Revenue
The total revenue of increased by 800.0% to $171,000 in 2025 Q1, up from $19,000 in 2024 Q1.
Earnings/Net Income
Bolt Projects narrowed losses to $3.00 per share in 2025 Q1 from a loss of $28.22 per share in 2024 Q1, reflecting an 89.4% improvement. Meanwhile, the company successfully reduced its net loss to $5.96 million in 2025 Q1, a 9.6% improvement compared to the $6.59 million net loss reported in 2024 Q1. The EPS improvement is notable.
Price Action
The stock price of Bolt Projects has edged down 0.45% during the latest trading day, has edged up 0.30% during the most recent full trading week, and has surged 2220.25% month-to-date.
Post-Earnings Price Action Review
The strategy of buying Bolt Projects (BSLK) shares after their revenue drop on the financial report release date and holding for 30 days has resulted in significant losses over the past five years, with a cumulative return of -96.60%, underperforming the US market, which returned 8% during the same period. The approach failed to leverage the market's performance and did not generate positive returns for investors. This indicates that the post-earnings strategy has been ineffective in capturing market trends, leading to substantial underperformance compared to broader market indices. Investors need to consider alternative strategies to mitigate losses and align with overall market movements.
CEO Commentary
"We saw strong repeat order volume from existing customers coupled with continued growth in our sales pipeline," said Dan Widmaier, Chairman and CEO of Bolt Projects. He emphasized optimism about the Vegan Silk Technology Platform, highlighting its potential to provide sustainable alternatives in the beauty and personal care market. Widmaier noted that operational scalability is in place to meet rising customer demand, with a supply chain designed for flexibility and cost-effectiveness. He expressed confidence in becoming free cash flow positive as the company captures market share through product innovation and customer success.
Guidance
For the full year 2025, Bolt Projects projects Vegan Silk Technology Platform revenues to reach at least $4.5 million, and for 2026, revenues are expected to grow to at least $9.0 million. Management anticipates double-digit reductions in manufacturing costs per kilogram, aligned with volume growth and ongoing process optimization. "We expect to balance delivering competitive prices with increasing gross margins, working toward our long-term gross margin target of 60% over time," stated Widmaier, indicating a strong focus on sustainable profitability and revenue growth.
Additional News
Bolt Projects Holdings recently announced the resignation of Steven Klosk as a member of the Board and the Audit Committee on February 17, 2025. Moreover, the company received a non-compliance letter from Nasdaq regarding the minimum value of listed securities on February 15, 2025, which underscores challenges in maintaining its market position. Additionally, Bolt Projects Holdings disclosed plans to receive $0.36 million in funding, illustrating efforts to secure financial support and address liquidity requirements. These developments reflect ongoing corporate changes and strategic maneuvers to stabilize and enhance its market standing amidst regulatory and financial pressures.
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