BETA Technologies Q3 Loss Widen, Revenue Surges to $8.9M

Beta Technologies reported a Q3 loss of $9.83 per share, a widening from the previous quarter. However, revenue increased to $8.9M, surpassing the FactSet estimate of $6.8M. The company has recently received new contracts, including one with Eve Air Mobility to provide pusher motors. Analysts have initiated coverage with various ratings and price targets, including a Buy rating from Goldman Sachs with a $47 price target. Beta Technologies has also partnered with Near Earth to accelerate autonomous aircraft development.