Bolt Projects Holdings, Inc. (BSLK)
Bolt Projects Holdings, Inc. develops and produces biomaterials products in the United States. It offers b-silk and xl-silk that are biodegradable and vegan protein polymer and replacement for silicone elastomers in beauty and personal care. The company was founded in 2009 and is based in San Francisco, California.
Sector: Industrial Organic Chemicals
Industry: Chemicals - Specialty
Bolt Projects Holdings, Inc.
OTC:BSLKBasic Materials · Chemicals - Specialty
-90.00%$0.0001
Mkt Cap$437
Float2.72M
O/S4.37M
Inst Own2.8%
SI2.0%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.37M
Net Income-$65.39M
Total Assets$12.23M
Free Cash Flow-$16.17M
Debt & Equity
Debt 288%
Total Debt$13.19M
Total Equity-$8.61M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:20
Nasdaq bars a compliance period at 1:250
- 1:20Reverse splitApr 22, 202520 shares → 1
Balance Sheet Details
Assets$12.23M
Liabilities$20.84M
Accounts Receivable$870K
Accounts Payable$413K
Inventory$1.76M
PP&E (Net)$21K
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Revenue | $1.37M | $3.44M | $346K | $305K |
| YoY Growth | -60.1% | 894.5% | 13.4% | - |
| Cost of Revenue | $1.47M | $4.85M | $734K | $880K |
| Gross Profit | -$93K | -$1.41M | -$388K | -$575K |
| Gross Margin | -6.8% | -40.8% | -112.1% | -188.5% |
| Research and Development | $6.25M | $9.63M | $15.86M | $23.57M |
| Selling, General, and Administrative | $35.27M | $19.62M | $36.8M | $17.09M |
| Other | $0 | $3.97M | $0 | $0 |
| Total Operating Expenses | $41.52M | $33.23M | $52.66M | $40.66M |
| Operating Income (EBIT) | -$41.61M | -$34.63M | -$53.05M | -$41.24M |
| Operating Margin | -3030.4% | -1006.5% | -15332.1% | -13520.3% |
| Interest Expense | $1.5M | $3.5M | $914K | $6.58M |
| Interest Income | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$23.79M | -$23.09M | $1.35M | $2.73M |
| Income Before Tax (EBT) | -$65.39M | -$57.72M | -$51.7M | -$38.5M |
| Income Tax Expense | $0 | $0 | $0 | $0 |
| Net Income | -$65.39M | -$57.72M | -$51.7M | -$38.5M |
| Net Income Margin | -4762.8% | -1677.4% | -14942.5% | -12623.9% |
| Supplementary Data | ||||
| EPS | -82.85 | -418.78 | -32.66 | -24.32 |
| Diluted EPS | -82.85 | -154.97 | -32.66 | -24.32 |
| Weighted Average OS | 789,338 | 172,187 | 1.80M | 1.80M |
| EBITDA | -$63.89M | -$52.08M | -$46.99M | -$27.62M |
| EBITDA Margin | -4653.1% | -1513.5% | -13581.8% | -9055.1% |
Balance Sheet
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Assets | ||||
| Current Assets | ||||
| Cash and Cash Equivalents | $3.51M | $894K | $22.93M | $57.04M |
| Short-Term Investments | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $3.51M | $894K | $22.93M | $57.04M |
| Accounts Receivable | $870K | $0 | $940K | $3.5M |
| Inventory | $1.76M | $235K | $0 | $63K |
| Other Current Assets | $1.35M | $1.93M | $0 | $0 |
| Total Current Assets | $8.73M | $4.67M | $26.12M | $62.56M |
| Long-Term Assets | ||||
| Property, Plant & Equipment Net | $21K | $0 | $39.94M | $39.52M |
| Goodwill | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $290.65M | $287.52M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $3.47M | $19.6M | -$278.86M | -$284.74M |
| Total Long-Term Assets | $3.5M | $19.6M | $51.72M | $42.3M |
| Other Assets | $0 | $0 | $0 | $0 |
| Total Assets | $12.23M | $24.27M | $77.84M | $104.86M |
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts Payable | $413K | $1.79M | $969K | $1.26M |
| Short-Term Debt | $0 | $17.74M | $89K | $2.85M |
| Current Income Tax Payable | $2.92M | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $6.22M | $6.35M | -$89K | $0 |
| Total Current Liabilities | $6.84M | $27.29M | $5.54M | $8.03M |
| Long-Term Liabilities | ||||
| Long-Term Debt | $13.19M | $13.34M | $29.75M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $2M |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $817K | $94.09M | $339.56M | $337.8M |
| Total Long-Term Liabilities | $14M | $109.53M | $390.72M | $364.87M |
| Other Liabilities | $0 | $0 | $0 | $0 |
| Total Liabilities | $20.84M | $136.81M | $396.26M | $372.9M |
| Stockholders' Equity | ||||
| Preferred Stock | $0 | $0 | $0 | $0 |
| Common Stock | $4K | $0 | $1K | $1K |
| Retained Earnings | -$461.8M | -$396.41M | -$338.69M | -$286.99M |
| Comprehensive Income & Other | $19K | -$14K | $7K | $0 |
| Other Stockholders' Equity | $453.19M | $283.87M | $20.27M | $18.94M |
| Total Equity | -$8.61M | -$112.54M | -$318.42M | -$268.04M |
| Minority Interest | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $12.23M | $24.27M | $77.84M | $104.86M |
| Supplementary Data | ||||
| Total Debt | $13.19M | $33.53M | $54.73M | $29.1M |
| Net Debt | $9.67M | $32.63M | $31.79M | -$27.94M |
Cash Flow Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Operating Activities | ||||
| Net Income | -$65.39M | -$57.72M | -$51.7M | -$38.5M |
| Depreciation & Amortization | $2K | $2.14M | $3.79M | $4.3M |
| Deferred Income Tax | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $18.16M | $643K | $1.16M | $1.67M |
| Changes in Working Capital: | ||||
| Accounts Receivable | $0 | $0 | $1.8M | -$1.8M |
| Inventory | -$1.52M | -$235K | $0 | $0 |
| Accounts Payable | -$1.02M | $490K | -$128K | $34K |
| Other Working Capital | -$1.97M | $439K | -$8.66M | -$1.96M |
| Total Working Capital Change | -$4.52M | $694K | -$6.99M | -$3.73M |
| Other Non-Cash Items | $35.6M | $25.02M | -$2.14M | $145K |
| Net Cash from Operating | -$16.15M | -$29.23M | -$55.88M | -$36.11M |
| Investing Activities | ||||
| Capital Expenditures | -$23K | -$962K | -$8.09M | -$12.41M |
| Acquisitions | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$899K |
| Sales of Investments | $0 | $0 | $0 | $21.61M |
| Other Investing Activities | $0 | $284K | $0 | $216K |
| Net Cash from Investing | -$23K | -$678K | -$8.09M | $8.52M |
| Financing Activities | ||||
| Debt Repaid | -$22.11M | -$6.97M | -$26.87M | $2.24M |
| Common Stock Issuance | $360K | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$740K | -$1.42M | $156K | $1.12M |
| Net Cash from Financing | $18.81M | $5.55M | $29.83M | $69.41M |
| Forex Effect | -$62K | $12K | $43K | $0 |
| Net Change in Cash | $2.58M | -$24.34M | -$34.1M | $41.81M |
| Supplementary Data | ||||
| Operating Cash Flow | -$16.15M | -$29.23M | -$55.88M | -$36.11M |
| Capital Expenditure | -$23K | -$962K | -$8.09M | -$12.41M |
| Free Cash Flow | -$16.17M | -$30.19M | -$63.97M | -$48.52M |
| Cash at Beginning | $934K | $25.27M | $59.37M | $17.56M |
| Cash at End | $3.51M | $934K | $25.27M | $59.37M |