Fully electric battery powered ALIA CTOL, CX300 single engine airplane, manufactured by Beta Technologies, performs during the 55th edition of the International Paris Air Show (Salon international de l'aeronautique et de l'espace - SIAE) at the ParisLe Bourget Airport, in Le Bourget, north of Paris, France on June 18, 2025.
Beta Technologies posted its first quarterly results on Thursday since the stock debuted on the New York Stock Exchange.
The electric aircraft maker, which went public last month, reported revenue of $8.9 million, more than double the $3.1 million from a year ago.
"As a newly public company, we remain firmly grounded in what makes BETA unique—our simple, stepwise approach, our vertical integration and our focus on designing and manufacturing the complete electric aviation ecosystem to meet the needs of customers around the world," CEO Kyle Clark said in a statement.
Net loss widened to $452 million, a loss of $9.83 per share, from a loss of $82.1 million, a loss of $1.81 per share, in the year-ago period.
The company said the net loss took a hit from the issuance of convertible preferred stock.
Beta forecasted full-year revenue to reach between $29 million and $33 million and adjusted EBITDA to range between a loss of $295 million and a loss of $325 million.
The Amazon-backed company is establishing itself as another player alongside rivals Joby Aviation and Archer Aviation in the small but competitive electric vertical take-off and landing, or eVTOL, space.
Air taxi manufacturers are vying to gain approval from the Federal Aviation Administration, which launched the eVTOL Integration Pilot Program, or eIPP, in September.