By Connor Hart

Shares of Blaize Holdings slipped after the artificial-intelligence company said its expenses could exceed its sales for the next two years.

The stock was down 16%, to $3.92, in midday trading Monday and has fallen 69% in the last month. The shares had their debut on the public market on Jan. 14 following the merger of Blaize and BurTech Acquisition Corp.

Blaize, which provides processor architecture and a software platform for AI computing, said it expects revenue of $19 million to $50 million in its fiscal 2025. In the same frame, it forecast research and development expenses between $49 million and $52 million, as well as sales, general and administrative costs of $32 million to $34 million.

The El Dorado Hills, Calif., company said sales would increase to between $105 million and $140 million in its fiscal 2026, as solutions start to get deployed. For fiscal 2026, the company guided for research and development costs of $85 million and $89 million, as well as sales, general and administrative costs are expected between $35 million and $37 million.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

February 10, 2025 13:39 ET (18:39 GMT)

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