Bolt Projects Reports Q3 2024 Financial Results Vegan Silk Traction Drives Third Quarter Results ● Full year 2024 b-silk™ revenues are projected to exceed $1 million, propelled by deeper segment penetration and growing customers and consumers adoption ● For 2025, b-silk revenues are projected to reach at least $4.5 million, bolstered by new customer acquisition ● Our 2024 COGS reduction program has delivered over 60% in cost-per-kilogram produced reduction for b-silk for the year, following on prior year gains ● Continued operational efficiencies and additional COGS reduction to create a path toward the goal of long-term, sustainable profitability Berkeley, Calif. (Nov 7, 2024)