Bolt Raises FY 2026 Revenue Guidance to $11.0 Million

The company said, "Bolt anticipates a double-digit percentage reduction in cost of goods sold in 2026, building on prior years' efficiency gains. The Company also plans to introduce a new ingredient in 2026 within its Vegan Silk Platform. Together, these initiatives are expected to increase pricing flexibility, broaden the addressable customer base, and support progress toward the Company's long-term gross margin target of 60%. Bolt is raising its fiscal year 2026 revenue guidance to $11.0 million from $9.0 million given in the third quarter of 2025, representing an increase of approximately 144% compared to fiscal year 2025 expected revenue. Improved revenue guidance is supported by successful market adoption of existing ingredients, product portfolio expansion, and new 2026 pricing. Bolt is increasing its gross profit guidance for the fiscal year 2026 to $4.0 million from $1.0 million given in the third quarter of 2025 due to achieved benefits in unit economics, representing an increase of 300% compared to fiscal year 2025 expected gross profit. Bolt continues to progress the previously announced proposed financing transaction of up to $30.0 million in convertible notes and warrants to Murchinson Ltd. or its affiliates, subject to completion of definitive documents. Access to the full amount of proceeds will be subject to satisfaction of various conditions, including shareholder approval."