BOLT — what changed in the latest 10-Q
A section-by-section comparison of BOLT's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-11 vs the prior 10-Q · 2026-05-12
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +12 | −12 | ~10 | 43 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-11
Impairment charges consist of one-time impairment loss associated with an impairment evaluation to assess the impact on the carrying value of our long-lived assets.
Revenue was $5,000 and $31,000 for the three and six months ended June 30, 2026, respectively, and $1.8 million and $3.0 million for the three and six months ended June 30, 2025, respectively. The decrease in revenue is primarily due to limited activities with our collaboration partners. Our revenue…
Research and development expenses were $5.1 million and $10.0 million for the three and six months ended June 30, 2026, respectively, and $7.5 million and $17.0 million for the three and six months ended June 30, 2025, respectively. The decrease of $2.4 million in the comparable three-month periods …
General and administrative expenses were $2.4 million and $5.2 million for the three and six months ended June 30, 2026, respectively, and $3.5 million and $7.3 million for three and six months ended June 30, 2025, respectively. The decrease of $1.1 million in the comparable three-month periods was …
Impairment charges were $0.8 million for the three and six months ended June 30, 2026, respectively. In June 2026, we received a termination notification from a sublessee, which represented a change in circumstances and constituted a triggering event. In response, we performed an impairment evaluati…
Text removed vs the prior filing · source: 10-Q · 2026-05-12
expenses related to audit, legal, regulatory, and tax-related services associated with maintaining compliance with Nasdaq and SEC requirements, director and officer insurance premiums and investor relations costs associated with operating as a public company.
Comparison of the Three Months Ended March 31, 2026 and 2025
Revenue was $26,000 and $1.2 million for the three months ended March 31, 2026 and 2025, respectively. The decrease in revenue is primarily due to limited activities with our collaboration partners. Our revenue in 2025 was due to continued progress in our collaborations as we fulfill our performance…
Research and development expenses were $4.8 million and $9.5 million for the three months ended March 31, 2026 and 2025, respectively. The decrease was due to $1.8 million in lower personnel-related expenses due to a decrease in headcount related to the reduction in workforce, $1.3 million in lower …
General and administrative expenses were $2.8 million and $3.8 million for the three months ended March 31, 2026 and 2025, respectively. The decrease was due to $0.9 million in lower personnel-related expenses due to a decrease in headcount related to the reduction in workforce, a decrease of $0.3 m…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice