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BT Brands Inc. (NASDAQ:BTBD) surged 17.99% after hours Thursday to $2.23, after Monday’s earnings release showed a sharp fiscal 2025 operating turnaround and progress on its Cincinnati-based drone technology firm Aero Velocity merger.
BT Brands, based in North Dakota, owns and operates quick-service restaurants.
Turnaround Numbers
According to the company, its restaurant-level EBITDA rose 138% to $1.7 million, while the operating loss narrowed 80% to $364,585. The net loss improved to $0.11 per share, compared with $0.37 per share in 2024.
BT Brands ended fiscal 2025 with $4.4 million in cash and marketable securities on hand.
Merger Optionality Adds Fuel
The proposed merger …
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