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Bolt has hit a major financial milestone. For the first time since inception, Bolt has achieved profitability.
Last month, Bolt’s gross profits hit an all-time high while OPEX reached a record low.
Bolt has been doubling down on decisions that emphasize long-term profitability and market share capture. We have been investing heavily in our checkout, payments, and 1-click platform, which allow us to compete with $100b+ incumbents and win deals on a consistent basis.
We are winning deals on cost, conversion, and customer support.
We’ve also launched over 20 new product lines that have expanded our portfolio of fee capture, increased stickiness with customers, and improved customer satisfaction.
We have not been afraid to make the hard strategic decisions on reorganizing our teams. For instance, we have eliminated our Account Management and Implementation Management teams entirely. Now, sales reps manage customer relationships from beginning to end, and their only counterparts are highly technical engineers. No other non-technical middlemen. Our customers say the attention they’ve received is 10x what it has been historically, and the team has never felt more empowered and motivated.
These tough decisions have allowed us to cut OPEX considerably while driving record levels of revenue. Our integrations queue is currently filled to the brim.
If you process payments digitally and are looking to level up, please reach out.
Go Bolt.
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