secwatch.observer — SEC 8-K summary
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Issuer:     BT Brands, Inc. (BTBD)
CIK:        0001718224
Form:       8-K
Filed at:   2026-04-03T23:59:59+00:00
Accession:  0001477932-26-001979
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BT Brands reports 2025 results: Restaurant EBITDA up 138% to $1.7M, net loss narrows to $0.11 per share
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- Restaurant-level EBITDA rose 138% to $1.7M from $724K in 2024; EBITDA margin improved to 12.4% from 4.9%.
- Net loss improved to $(687,839) ($0.11 per share) from $(2.3M) ($0.37 per share) on $13.5M revenue (down 9% YoY).
- Operating loss improved ~80% to $(364,585); company ended year with $4.4M in cash and marketable securities.
- Advancing transformational merger with Aero Velocity, Inc. to reposition into AI/drone platform; restaurant assets to be distributed to pre-merger shareholders.
- Recorded a $216K charge to reduce NGI bottled water inventory to estimated net realizable value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718224/000147793226001979/0001477932-26-001979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718224/000147793226001979/btbd_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-26-001979

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer