BTBD
BT Brands, Inc.1.5200
+0.0300+2.01%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
9.36MP/E (TTM)
-Basic EPS (TTM)
-0.15Dividend Yield
0%Recent Filings
8-K
Aero-SoftWash drone cleaning alliance
BT Brands' merger target Aero Velocity launched a strategic alliance with SoftWash Systems on February 19, 2026, blending drone tech with low-pressure cleaning for safer, efficient exterior maintenance on hard-to-reach structures. The partnership targets the $1B+ global market, promising 2026 revenue growth via integrated ground-to-air services. SoftWash generated $39M revenue in 2025. Merger closes in 2026, pending approvals.
8-K
Nasdaq noncompliance notice issued
BT Brands received Nasdaq notice on January 14, 2026, for failing to hold its 2024 annual shareholder meeting, violating Listing Rule 5620(a). No immediate delisting risk; the company plans to submit a compliance plan by March 2, aiming for extension to June 29. Special meeting tied to Aero merger looms large. Merger termination possible by April 30 if delayed.
8-K
Aero merger financials filed
BT Brands filed Aero Velocity's financials and pro forma combined statements under Item 8.01, advancing its previously announced merger where Aero becomes 89% owner via $101.1M preferred stock convertible at $1.48/share. Aero posted $2.5M revenue yet $661K net loss through 9M/25, with debt climbing to $2.1M. Merger risks closing delays or shareholder approval snags.
8-K
ATM program expanded
10-Q
Q3 FY2025 results
BT Brands swung to Q3 operating profit of $735K on $3.9M sales, down 11.4% y/y from closures, yet margins expanded sharply as food costs fell to 30.5% from 35.9% and labor to 33.5% from 39.0% via efficiencies and pricing. YTD sales dipped 6.7% y/y to $10.9M but operating income flipped to $368K from a $894K loss, boosted by $242K asset sale gain; net income $915K ($0.15 diluted EPS on 6.2M shares). Cash fell to $1.3M with $3.5M marketable securities, $2.1M debt at 3.45% maturing 2036; operating cash flow $403K YTD, no capex for FCF disclosed. Proposed Aero merger eyes spin-off of restaurant assets. Competition from bigger rivals presses hard.
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