Blaize Holdings, Inc. Q4 FY2024 earnings call

• Lane Bess highlighted Blaize's potential in the edge AI space, comparing it to previous high-growth tech companies and emphasizing the disruptive nature of Blaize's AI technology. • Dinakar Munagala discussed key developments in Q4 2024 and leading up to the business combination, including growth in the commercial pipeline, partnerships with KAIST, alwaysAI, VSBLTY, and Turbo Federal, and the shift to physical AI where intelligence is deployed onsite. He also emphasized Blaize's focus on low latency, power efficiency, and real-world deployment with their Graph Streaming Processor. • Harminder Sehmi discussed fiscal 2024 financial results, operating expenses, cash position, and provided guidance for fiscal 2025 and Q1 2025.

In fiscal 2024, revenue was $1.6 million, down from $3.9 million in the prior year. Revenues primarily reflected recognition of strategic consulting fees from a major European automotive OEM as part of a multi-year program. There is no detailed breakdown of product segments with revenue contribution percentages provided.

• For fiscal 2025, revenue is expected to be in the range of $19 million to $50 million, with an adjusted EBITDA loss projected in the range of $70 million to $75 million and stock-based compensation charge around $20 million. • For the quarter ended March 31st, 2025, revenue is expected to be around $900,000, with an adjusted EBITDA loss in the range of $15 million to $16 million and stock-based compensation charge estimated at $7.7 million.

Q: Alex Platt asked about how improvement of small models contributes to long-term adoption of Edge AI solutions and other unlocked areas.

A: Dinakar Munagala responded that small language models democratize AI and shift work to the edge, impacting all major edge computing use cases. Harminder Sehmi added no further comments.

Q: Kevin Cassidy asked about filtering partners for best ROI, system partners testing chips with DeepSeek, and inventory.

A: Dinakar Munagala said go-to-market includes direct engagement with high-value customers and ecosystem partners with a multiplier effect. Harminder Sehmi amplified on focus on specific areas, use of different language models, and inventory being finished goods like PCI cards.

Q: Richard Shannon asked about pipeline progress.

A: Dinakar Munagala noted the line was breaking up and couldn't clearly characterize the pipeline progress.