Bolt Projects Sales Jump 2,200 Percent
Bolt Projects (NASDAQ:BSLK), a biotechnology company developing sustainable biomaterials for the beauty and personal care market, reported its second quarter results on August 12, 2025. The earnings showed a surge in revenue to $1.3 million (GAAP), up from $56,000 (GAAP) in Q2 2024, with the business delivering positive gross profit earlier than management had targeted. No analyst estimates were available for the period, but the company exceeded its own internal gross profit expectations and reiterated its revenue and profitability guidance for fiscal 2025. Despite these operating milestones, management flagged severe liquidity pressure and a Nasdaq delisting risk, narrowing the company’s strategic options. The quarter marked significant progress on commercialization and technology, but also underscored critical financial vulnerabilities.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Bolt Projects develops bioengineered materials for use in cosmetics and personal care, with its core product being the Vegan Silk Technology Platform. This technology uses a fermentation process to transform yeast, sugar, and water into vegan silk, intended as a sustainable, biodegradable replacement for silicone in beauty products.
Source Fool.com
