Beta Technologies (BETA) reported a Q1 net loss Tuesday of $0.53 per diluted share, narrowing from a loss of $1.98 a year earlier.

Two analysts surveyed by FactSet expected a loss of $0.56.

Revenue for the quarter ended March 31 was $10.1 million, up from $9.6 million a year earlier.

Analysts polled by FactSet expected $8.7 million.

For 2026, the company continues to expect revenue of $39 million to $43 million. Analysts surveyed by FactSet expect $40.2 million.

Beta Technologies shares were down 1.5% in premarket activity.