Welcome to our dedicated page for Bt Brands news (Ticker: BTBD), a resource for investors and traders seeking the latest updates and insights on Bt Brands stock.
BT Brands, Inc. (Nasdaq: BTBD; BTBDW) generates news that spans restaurant operations, financial performance, strategic transactions, and corporate governance activities. As a multi-brand restaurant company, BT Brands issues regular earnings releases covering quarterly and annual results, detailing sales at its Burger Time fast-food chain in the North Central United States, as well as performance at Pie In The Sky Coffee and Bakery in Woods Hole, Massachusetts, Keegan’s Seafood Grille near Clearwater, Florida, and Schnitzel Haus in Hobe Sound, Florida.
News updates often highlight restaurant-level adjusted EBITDA, net income or loss, and the impact of equity in the results of its affiliate, Bagger Dave’s Burger Tavern, Inc., which operates casual dining restaurants in Michigan, Indiana, and Ohio. BT Brands’ releases also describe operational changes such as closing underperforming locations, selling restaurant properties, and cost-reduction initiatives across its concepts.
Another major theme in BTBD news is corporate strategy. The company has reported on its strategic review process with an investment banker, its evaluation of merger opportunities in various industries, and its definitive all-stock merger agreement with Aero Velocity Inc., a drone solutions and technology company. Related announcements describe the planned spin-off of BT Brands’ restaurant operations into BT Group, Inc., and the expectation that the combined company will be renamed “Aero Velocity Inc.” and trade on the Nasdaq Capital Market, subject to approvals.
BT Brands’ news flow also includes capital markets and governance items, such as its Equity Distribution Agreement for at-the-market offerings and its exempt solicitation filings concerning Noble Roman’s, Inc. Investors and followers of BTBD news can expect coverage of earnings releases, restaurant portfolio updates, asset sales, merger progress with Aero Velocity, and shareholder communications as disclosed through Business Wire and SEC filings.
BT Brands (Nasdaq: BTBD; BTBDW) said its 40.7%‑owned affiliate Bagger Dave’s completed the sale of its Chesterfield, Michigan location for approximately $400,000 in cash and notes. The Chesterfield restaurant closed in 2025 and the buyer is an affiliate of Michigan-based Sidecar Slider Bar, which operates eight Michigan locations and plans to open a Sidecar Slider Bar at the site.
In August 2025, Bagger Dave’s announced plans to sell its remaining locations and evaluate strategic alternatives. BT Brands’ CEO described the sale as an important step toward exiting the Bagger Dave’s restaurant business and creating value for shareholders.
BT Brands (Nasdaq: BTBD) reported record Q3 2025 net income of $914,975, or $0.15 per share, and $0.10 EPS for the nine-month period. Revenue was $3.9 million versus $4.3 million a year earlier, reflecting two fewer operating locations. Cash and short-term investments rose to $4.7 million, up $1.2 million from Q2 2025. Restaurant-level adjusted EBITDA grew 74% to $823,000.
BT Brands entered a definitive merger agreement with Aero Velocity to form Aero Systems and plans to spin off a new BT Group that will hold the restaurant business, cash, and investments; shareholders will receive shares in both entities. Management expects to remain profitable for the rest of fiscal 2025 but is not providing detailed guidance due to the pending transactions.
BT Brands (NASDAQ:BTBD) and Aero Velocity have announced a definitive merger agreement in an all-stock transaction. The merged entity will focus on developing advanced drone technologies and AI-powered solutions for government and commercial applications.
Aero Velocity operates through a Drones-as-a-Service (DaaS) model, specializing in aerial mapping, data collection, and UAV-based commercial services. The company serves multiple sectors including precision agriculture, environmental monitoring, forestry management, defense, security, and emergency response. Additionally, Aero Velocity is developing a contract drone manufacturing business to expand its technology portfolio.
BT Brands (NASDAQ:BTBD) reported a return to profitability in Q2 2025, posting net income of $55,000 ($0.01 per share) compared to a net loss of $70,000 in Q2 2024. The company, which operates 14 restaurants including a 40.7% stake in Bagger Dave's Burger Tavern, saw revenues decline to $3.8 million from $4.1 million year-over-year due to operating two fewer locations.
Restaurant-level adjusted EBITDA surged 51% to $661,000, while operating loss narrowed to $75,000 from $189,000 in Q2 2024. The company ended the quarter with $3.5 million in cash and short-term investments. Management is actively working with investment bankers to evaluate merger opportunities, targeting an accretive transaction by year-end 2025.
BT Brands (NASDAQ:BTND) announced it is actively pursuing strategic initiatives, including potential merger opportunities, with the assistance of an investment banking advisor. The company has expanded its search beyond its original food service focus to include diverse sectors such as biotechnology, cryptocurrency, and drone services.
Additionally, the company's 40.8% owned affiliate Bagger Dave's Burger Tavern (OTC:BDVB) is negotiating the sale of five out of its six restaurant locations, with an expected closing in Q3 2025. This move aims to reposition BDVB as a platform for strategic opportunities, including a possible merger. Both transactions are targeted for completion before year-end 2025.
BT Brands (NASDAQ: BTBD) reported Q1 2025 financial results, showing mixed performance with some improvements. Total revenue increased 1.3% year-over-year despite operating two fewer locations. The company reduced its operating loss to $292,000 from $631,000 in Q1 2024, while net loss per share improved to $0.05 from $0.07.
The company operates 15 restaurants across different brands, including seven Burger Time locations, five Bagger Dave's restaurants (41.7% ownership), Keegan's Seafood Grille, Pie In The Sky Coffee and Bakery, and Schnitzel Haus. Restaurant-level adjusted EBITDA significantly improved to $315,000 from negative $15,672 in 2024. The company maintains a strong cash position with $3.8 million in cash and short-term investments.
BT Brands (NASDAQ: BTBD) reported Q1 2025 financial results, showing a 1.3% revenue increase despite operating two fewer locations compared to 2024. The company reduced its operating loss to $292,000 from $631,000 in 2024, while net loss per share improved by $0.02 to $0.05. Restaurant-level adjusted EBITDA significantly improved to $315,000 from a negative $15,672 in 2024.
BT Brands operates 15 restaurants including seven Burger Time locations, five Bagger Dave's restaurants (41.7% ownership), Keegan's Seafood Grille, Pie In The Sky Coffee and Bakery, and Schnitzel Haus. The company ended Q1 with $3.8 million in cash and short-term investments. Management expects a return to overall profitability for fiscal 2025 but is not providing specific guidance due to economic uncertainties.
BT Brands (BTBD) reported its financial results for 2024, showing mixed performance. Total revenues increased 5.3% to $14.8 million, but the company recorded a net loss of $2.31 million ($0.37 per share). Restaurant-level adjusted EBITDA declined from 6.2% to 4.9%.
The company operates 15 restaurants, including seven Burger Time locations, five Bagger Dave's restaurants (39.6% ownership), and individual locations of Keegan's Seafood Grille, Pie In The Sky Coffee and Bakery, and Schnitzel Haus. Notable challenges included a $415,085 loss from Bagger Dave's, Hurricane Helene's impact on Keegan's, and a $371,872 charge for Village Bier Garten's closure.
Management has implemented strategic initiatives including closing underperforming locations, cost-cutting measures, and menu reengineering at Burger Time. The company ended 2024 with $4.3 million in cash and short-term investments.
BT Brands (NASDAQ: BTBD) reported Q3 2024 financial results with total revenues increasing 8.1% to a record $4.3 million. The company posted a net loss of $219,479 ($0.04 per share) compared to a $3,486 loss in 2023. Restaurant-level adjusted EBITDA declined by $56,000 to $442,000. Pie in the Sky showed strong performance with a 13% revenue increase to $1,467,000, while Burger Time units increased quarterly sales by 9%. The company ended Q3 with $5.0 million in cash and short-term investments. Post-quarter, BT Brands sold its Hot-N-Now trademark for $250,000 upfront with potential future payments up to $150,000.
BT Brands (NASDAQ: BTBD) has filed a Notice of Exempt Solicitation urging Noble Roman's (NROM) shareholders to withhold support for director candidates at the upcoming August 27, 2024 meeting. BT Brands, owning about 1.56 million NROM shares, claims Noble Roman's Board prevented them from nominating a competing slate of directors. They allege that CEO A. Scott Mobley failed to provide promised nomination materials within the April 12-May 12 window, effectively blocking their nomination attempt. BT Brands argues this turned a potentially contested election into an uncontested one, entrenching current leadership. They're calling for shareholders to consider these actions when voting.
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