What is the market's earnings forecast for BETA Technologies next quarter?

What were the key takeaways from BETA Technologies’s earnings call?

What were the key takeaways from BETA Technologies's earnings call?

What is BETA Technologies's gross profit margin?

What does BETA Technologies do and what are its main business segments?

Did BETA Technologies beat or miss consensus estimates last quarter?

What factors drove the changes in BETA Technologies's revenue and profit?

What guidance did BETA Technologies's management provide for the next earnings period?

- **Partnership Milestones**: $1B 10-year motor supply deal with Embraer Eve, hybrid engine development with GE Aerospace.
- **Certification Progress**: H500A engine nearing FAA approval; CX-300 CTOL in production, A250 VTOL with clean certification basis.
- **Financial Strength**: $1.1B IPO proceeds + $687M cash; Q3 revenue up 15% YoY to $8.9M.
- **Growth Catalysts**: 10 state applications for EIPP program; $3.5B aircraft backlog with 4x total backlog from aftermarket services.
- **Defense Expansion**: MV-250 military variant with 2x performance of current VTOL aircraft; NATO ally RFP engagement.


**【CEO Summary Section】**
- Introduced BETA's mission to redefine aviation through electric propulsion, emphasizing safety, reliability, and cost efficiency.
- Highlighted partnerships with GE Aerospace (hybrid engine development) and Embraer Eve (motor supply deal worth $1B over 10 years).
- Discussed certification progress: H500A engine nearing FAA approval, CX-300 CTOL aircraft in production, and A250 VTOL aircraft with clean certification basis.
- Expanded charging network to 150+ sites globally, including Abu Dhabi.
- Showcased real-world operations with 100,000+ nautical miles flown across 380 airports, supporting medical, cargo, and military missions.
- Announced $3.5B aircraft backlog (deposit-backed) and $1B component backlog, with total backlog 4x higher due to aftermarket services.

**【CFO Financial Commentary】**
- Q3 2025 Revenue: $8.9M (up 15% YoY), driven by motor sales to Embraer Eve and engineering services.
- Year-to-date Revenue: $24.5M, with full-year guidance of $29-33M.
- Operating Expenses: $86.8M (Q3), including $56.4M R&D and $30.4M SG&A.
- Adjusted EBITDA: -$67.6M (Q3), beating expectations due to cost control.
- Cash Position: $687.6M (pre-IPO) + $1.1B from IPO, providing strong runway for certification and production.
- 2025 Full-Year Outlook: Revenue $29-33M, Adjusted EBITDA -$295M to -$325M.

**【Q&A Key Highlights】**
- **Certification Timeline**: H500A engine certification expected Q1 2026; CX-300 CTOL deliveries by mid-2026, A250 VTOL 12 months later.
- **EIPP Program**: BETA selected in 10 state applications for eVTOL integration pilot program; first flights in June 2026, focusing on cargo/logistics before passenger.
- **Supply Chain Strategy**: Vertical integration (composite manufacturing), pre-buy of safety-critical semiconductors, and 600+ job applicants for production roles.
- **Aftermarket Revenue**: $13M per aircraft over 20-year lifecycle, driven by battery replacements and energy-by-hour contracts.
- **Defense Expansion**: MV-250 military variant with GE hybrid engine, targeting 2x performance of current VTOL aircraft; active RFP engagement with NATO allies.


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