earnings
confidence high
sentiment neutral
materiality 0.70
BETA Technologies Q3 revenue triples to $8.9M; net loss widens to $451.8M
BETA Technologies, Inc.
- Revenue $8.9M, up 191% YoY; gross margin $6.2M.
- Net loss attributable to common stockholders $451.8M ($9.83 per share) vs $82.1M ($1.81) in prior year.
- Adjusted EBITDA loss of $67.6M, slightly worse than $64.2M prior year.
- Cash and equivalents $687.6M after $300M GE Aerospace equity investment.
- Aircraft orderbook of 891 units valued at $3.5B; delivered ALIA CTOL to Norway and New Zealand for demos.