Bolt Projects Reports Q3 2024 Financial Results
Bolt Projects Holdings, Inc. (BSLK)
Company Research
Source: Business Wire
Vegan Silk Traction Drives Third Quarter ResultsFull year 2024 b-silk™ revenues are projected to exceed $1 million, propelled by deeper segment penetration and growing customers and consumers adoptionFor 2025, b-silk revenues are projected to reach at least $4.5 million, bolstered by new customer acquisitionOur 2024 COGS reduction program has delivered over 60% in cost-per-kilogram produced reduction for b-silk for the year, following on prior year gainsContinued operational efficiencies and additional COGS reduction to create a path toward the goal of long-term, sustainable profitability BERKELEY, Calif.--(BUSINESS WIRE)--Bolt Projects Holdings, Inc. (“Bolt,” “Bolt Projects” or the “Company”) (Nasdaq: BSLK), which develops and produces innovative biomaterials for the beauty and personal care industry, reported its financial results for the third quarter ended September 30, 2024 and provided a business update. In addition, the Company’s Third Quarter 2024 Shareholder Letter can be
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