Beta Technologies’ all-electric battery-powered ALIA CTOL, CX300 single-engine airplane, performs at the 55th Paris International Air Show (Salon Internationale de la Aerospace – SIAE) held at Paris Bourget Airport in Le Bourget, north of Paris, France, on June 18, 2025.
Mustafa Yalcin | Anadolu | Getty Images
beta technology on Thursday announced its first quarterly results since going public on the New York Stock Exchange.
The electric aircraft maker, which went public last month, had sales of $8.9 million, more than double the $3.1 million a year ago.
“As a newly public company, we remain firmly grounded in what makes BETA unique: a simple, phased approach, vertical integration, and a focus on designing and manufacturing a 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, or a loss of $9.83 per share, from a loss of $82.1 million, or a loss of $1.81 per share, in the year-ago period.
The company said its net loss was hit by the issuance of convertible preferred stock.
Beta expected full-year sales to be in the range of $29 million to $33 million and adjusted EBITDA in the range of a loss of $295 million to a loss of $325 million.
The Amazon-backed company is establishing itself as another player alongside its rivals. joby aviation and archer aviation in the small but competitive electric vertical takeoff and landing (eVTOL) field.
Air taxi manufacturers are racing to win approval from the Federal Aviation Administration, which launched the eVTOL Integrated Pilot Program (eIPP) in September.
Clark told CNBC that the program is “a huge testament” to the Trump administration’s efforts to accelerate emerging industries.
Beta is working with state partners including North Carolina, Michigan and Ohio to apply for the program to host commercial aircraft operations as early as June next year.
“We’ve flown more than twice as many miles as anyone else in this industry,” Clark said. “That real-world flight will allow us to enter into these eIPP opportunities with a very reliable and mature type of certification product.”
The company is currently working on military and cargo operations before focusing on passenger applications. During the quarter, aircraft engine suppliers ge aerospace Agreed to invest $300 million in Beta and jointly develop hybrid electric turbine generators for defense and civilian use.
“The eIPP program is designed to strengthen U.S. drone control, and that is both a military and a civil interest,” Clark said. “Partnerships like ours with dual-purpose aircraft with military and civilian applications are a big part of this.”
The company also worked with Hartzell Propeller to achieve landing certification during the quarter, making it the first FAA-certified propeller designed specifically for advanced air mobility aircraft.
This achievement brings Beta one step closer to receiving type certification, or aircraft design approval, for its H500A electric engine.
“Taking something as big and new as a main propulsion electric motor that others have purchased and are using in their own aircraft flying around the world, and entering the final stages of type certification, is a major validation point,” Clark said.
Beta earlier this week announced a supply-to-supply agreement with an air taxi company. eve air mobility.
Eve has agreed to buy Beta’s electric pusher motors, which could be worth up to $1 billion over 10 years. Clark said on the earnings call that the deal has increased the company’s parts backlog to more than $1 billion.
