India, Nov. 3 -- BETA Technologies, Inc. (BETA) Tuesday reported narrower loss for the third quarter, on improved revenue and margin from the same period last year. The results were impacted by significantly higher loss from operations and operating expenses. The aerospace and defense company also raised its fiscal 2026 revenue guidance.
Net loss for the third quarter was $119.129 million, compared to the previous year quarter's net loss of $437.214 million.
On a per share basis, loss for the quarter was $0.51, as against a loss of $9.83 in the year-ago quarter.
Adjusted EBITDA loss for the quarter was $97.449 million, wider than the previous year.
Gross margin was $12.739 million, higher than the year-ago figure of $6.177 million.
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