BETA Technologies (NYSE:BETA) Releases Earnings Results, Misses Estimates By $0.08 EPS

BETA Technologies (NYSE:BETA) posted its quarterly earnings results on Wednesday. The company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.08), FiscalAI reports. The company had revenue of $14.66 million during the quarter. BETA Technologies had a negative return on equity of 131.90% and a negative net margin of 1,913.91%.

Here are the key takeaways from BETA Technologies’ conference call:

• Q2 revenue rose 146% year over year to $14.7 million, exceeding the company’s $8 million–$11 million forecast, driven mainly by GE Aerospace’s EPFD program and Florida charger deliveries. BETA raised full-year revenue guidance to $42 million–$50 million.
• BETA reported meaningful certification progress, resolving a key FAA policy issue for the H500A motor and completing requirements definition for the CX300 aircraft. The company said CX300 work can proceed independently of motor certification and will support the subsequent ALIA-250 program.
• Commercialization advanced with the launch of eIPP operations, including United Therapeutics’ first organ-transport flight, which BETA said pulled commercialization forward by more than a year. Additional eIPP operations in Louisiana and Texas are expected over the next four to six weeks.
• The aircraft backlog reached 1,001 aircraft valued at $3.9 billion, nearly achieving BETA’s $4 billion year-end target, while the company expanded its charging and component businesses. BETA also unveiled the hybrid-electric, autonomous MV250 defense aircraft and cited strong military interest.
• BETA ended the quarter with approximately $1.5 billion in cash and adjusted EBITDA of negative $110 million, with full-year adjusted EBITDA guidance now ranging from negative $400 million to negative $445 million. Near-term spending is expected to remain elevated as the company accelerates certification, vertical integration, and production readiness.

BETA Technologies Trading Down 6.9%

Shares of BETA traded down $1.81 during mid-day trading on Friday, hitting $24.43. The company had a trading volume of 1,085,167 shares, compared to its average volume of 1,499,306. The stock has a market cap of $5.43 billion and a PE ratio of -1.88. The company has a quick ratio of 21.37, a current ratio of 21.36 and a debt-to-equity ratio of 0.10. BETA Technologies has a 1-year low of $13.43 and a 1-year high of $39.50. The business’s 50-day simple moving average is $18.34 and its 200-day simple moving average is $17.78.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of BETA Technologies in a research report on Thursday. Weiss Ratings raised BETA Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 4th. Needham & Company LLC reissued a “buy” rating and issued a $34.00 price target on shares of BETA Technologies in a research report on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $31.00 target price on shares of BETA Technologies in a research report on Thursday. Finally, The Goldman Sachs Group cut their price objective on BETA Technologies from $38.00 to $34.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Nine research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, BETA Technologies has a consensus rating of “Moderate Buy” and an average price target of $31.11.

Insiders Place Their Bets

In other BETA Technologies news, Director Michael Robert Stone bought 17,135 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average cost of $14.59 per share, with a total value of $249,999.65. Following the completion of the acquisition, the director owned 1,767,049 shares of the company’s stock, valued at approximately $25,781,244.91. This trade represents a 0.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kyle Clark sold 17,005 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $24.46, for a total transaction of $415,942.30. Following the transaction, the insider directly owned 5,441,941 shares in the company, valued at approximately $133,109,876.86. The trade was a 0.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 152,896 shares of company stock worth $2,852,990 over the last quarter. 24.47% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BETA Technologies

Hedge funds have recently added to or reduced their stakes in the company. General Electric Co acquired a new stake in BETA Technologies in the fourth quarter worth $644,962,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of BETA Technologies during the 4th quarter valued at $6,349,000. Vanguard Group Inc. bought a new stake in shares of BETA Technologies in the 4th quarter valued at $77,089,000. Bank of New York Mellon Corp bought a new stake in BETA Technologies in the 1st quarter valued at about $1,162,000. Finally, Masters Capital Management LLC bought a new stake in BETA Technologies during the 1st quarter worth approximately $10,290,000.

About BETA Technologies

BETA Technologies is an American aerospace company that develops electric vertical takeoff and landing (eVTOL) aircraft and supporting infrastructure. The company focuses on designing aircraft and propulsion systems intended for short-range cargo, logistics and regional passenger movement, emphasizing electric propulsion, battery systems and integrated charging solutions to support distributed operations.

Its product and service set includes aircraft design and development, electric motor and battery integration, charging hardware and software, and flight testing aimed at meeting certification requirements.