Bolt Projects Holdings Inc. has reported a significant increase in revenues for the second quarter of 2025, with its Vegan Silk Technology Platform revenues growing twenty-three-fold year-over-year to $1.3 million, up from $56 thousand in the same period of 2024. This growth is attributed to ongoing shipments to Goddess Maintenance Company and reorders from prior launches. The company achieved a positive gross margin in Q2 2025, with cost of revenues at approximately $1.2 million, compared to $85 thousand in Q2 2024, reflecting successful efforts in reducing material costs and maintaining pricing discipline. Operating expenses decreased to approximately $4.9 million from $9.6 million in Q2 2024, primarily due to the absence of bridge note issuance costs, although spending did increase to support business growth. Bolt reported a net loss of $4.6 million for Q2 2025, a significant reduction from the $58.9 million net loss in Q2 2024. The company also announced a decrease in loss from operations to approximately $4.8 million, down from $9.6 million in the previous year. Adjusted EBITDA was approximately ($3.3) million, compared to ($2.6) million in Q2 2024. Bolt projects full-year revenue guidance for 2025 and 2026 to remain unchanged at $4.5 million and $9.0 million, respectively. The company is initiating gross profit guidance of $0.5 million for 2025 and $1.0 million for 2026. Additionally, Bolt has entered into a non-binding term sheet to secure up to $20 million in financing through preferred stock and an equity line of credit from Ascent Partners, contingent upon stock price, trading volume requirements, and shareholder approval.