BETA Technologies - Turbulent Times
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The Value InvestorInvesting Group LeaderFollow5ShareSavePlay(8min)CommentsSummaryBETA Technologies aims to revolutionize aerospace with electric aircraft, but faces significant near-term losses and delayed commercial certification.Despite a $3.5 billion backlog and 891 aircraft orders, only 289 are firm, and average plane prices appear high relative to current capabilities.BETA's Q3 revenue was $8.9 million with a $67 million negative EBITDA, and Q4 losses are expected to worsen, pressuring its $1.8 billion cash position.While strategic partnerships and new orders show promise, dilution and ongoing heavy cash burn make BETA a high-risk, watchlist candidate rather than a buy.
Getty Images When BETA Technologies (BETA) went public early in November, I believed that shares were a high-flier seeking to revolutionize aerospace with its electric aircraft. While having logged real test miles, commercial certification and production were still not imminent, as This article was written byThe Value Investor27.4K FollowersFollowThe Value Investor has a Master of Science with specialization in financial markets and a decade of experience tracking companies via catalytic company events. As the leader of the investing group Value In Corporate Events they provide members with opportunities to capitalize on IPOs, mergers & acquisitions, earnings reports and changes in corporate capital allocation. Coverage includes 10 major events a month with an eye towards finding the best opportunities. Learn more.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.