Bolt Projects Holdings ( (BSLK) ) has shared an update.
In 2024, Bolt Projects Holdings made significant strides, including a business combination with Golden Arrow Merger Corporation and the launch of vegan silk products, resulting in a 37% increase in revenues to $1.4 million. The company anticipates at least $4.5 million in revenues for 2025, driven by cost efficiencies and increased market penetration, positioning itself to achieve positive gross margins and expand its customer base, with a focus on generating free cash flow and shareholder value.
More about Bolt Projects Holdings
Bolt Projects Holdings, Inc. operates in the biotechnology industry, focusing on developing high-performance and sustainable materials. The company has honed in on vegan silks for the beauty and personal care sector as its primary product-market opportunity, leveraging its technology platform to meet market demands for effective and science-backed formulations.
YTD Price Performance: -26.28%
Average Trading Volume: 6,182,235
Technical Sentiment Signal: Buy
Current Market Cap: $10.9M
For a thorough assessment of BSLK stock, go to TipRanks’ Stock Analysis page.