BSLK News & Events

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."

Revenue for the fourth quarter of 2025 is expected to be more than $2.7M, representing approximately 100% year-over-year growth compared to the fourth quarter of 2024. Substantially all shipments in the fourth quarter of 2025 were completed and invoiced as of December 22, providing visibility into revenue expected to be reported.

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."

Reports Q3 revenue $370,000 vs. $5,000 last year. The company said, "Demand for Vegan Silk continues to accelerate and drove another quarter of sequential gross margin expansion,. Our focus remains balancing pricing discipline with market share gains as we scale toward sustainable profitability."