BT Brands Inc. (Nasdaq: BTBD and BTBDW) has released its financial results for the first quarter of 2025, ending March 30. The company reported a net loss attributable to common shareholders of $329,900, translating to a loss of $0.05 per share. This marks an improvement of $0.02 per share compared to the first quarter of 2024. Restaurant-level adjusted EBITDA showed a significant improvement, reaching $315,000 from a negative $15,672 in the previous year. The company's equity in the first quarter loss of its affiliate, Bagger Dave's Burger Tavern, was $131,400, up from a loss of $94,500 in 2024. BT Brands concluded the quarter with $3.8 million in total cash and short-term investments. BT Brands currently operates fifteen restaurants, including seven Burger Time fast-food locations, six Bagger Dave's restaurants, Keegan's Seafood Grille, and Pie In The Sky Coffee and Bakery. The CEO, Gary Copperud, noted the first quarter is typically slower for certain segments but expressed satisfaction with the improvement in operating performance, attributing it to steps taken to reduce costs and enhance performance, including the closure of two underperforming locations. The company aims to return to overall profitability for fiscal 2025, although it is not providing a financial forecast due to various uncertainties.