Sees FY25 gross profit margin over 20%, supported by an estimated 38% gross profit margin in Q4. "Our expected fiscal year 2025 financial performance reflects the growing validation of Bolt's' technology and commercial strategy," said Dan Widmaier, chairman and CEO. "Revenue growth was driven by increased demand for our Vegan Silk Technology Platform from brand partners seeking high performing and sustainable material solutions. Bolt's continued improvements in process efficiency also strengthen our ability to scale. We believe our differentiated platform and expanding partner ecosystem create a strong foundation for future growth with Bolt well positioned to capitalize on increasing demand for sustainable and high-performance materials."
Bolt Projects Holdings, Inc. is a material solutions company. The Company develops and produces biomaterials for the beauty and personal care industry. The Company is a pioneer in the consumer biomaterials space. The Vegan Silk Technology Platform includes b-silk and xl-silk, which are fully biodegradable, film-forming, versatile and functional ingredients for the beauty industry. The Company’s Vegan Silk Technology Platform produces b-silk and other offerings for the beauty and personal care industry that are fully vegan and biodegradable. Its intellectual property portfolio is anchored by 68 granted patents and 166 pending patent applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.