BETA Beats on Q3 Loss and Revenue, Backlog Tops Record
BETA sits 69% above its 52-week low of $13.43.
Summary
BETA posted a Q3 adjusted loss of 51 cents a share, better than the 59-cent loss eight analysts expected, on revenue of $17.67 million versus a $10.78 million consensus. The top line is roughly double the year-ago quarter and comes alongside a raised 2026 revenue range of $52M-$57M, up from the $42M-$48M set with Q2 results in August. The quarter still carried a $119.12 million net loss, and the stock has fallen 7.8% this quarter and 27.8% year to date. The revenue beat and guidance hike are the parts that matter; the wider net loss reflects the cost of scaling. This follows the 8-K filed at 13:13 ET and the 10-Q at 14:27 ET, which showed $1.34 billion of cash after $367 million of nine-month burn.
At the time of this announcement, BETA was trading at $22.63 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $5.3B. The 52-week trading range was $13.43 to $39.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.