Beyond Air, Inc.

Beyond Air, Inc. (XAIR) reported Q3 2026 results for the period ending December 31, 2025, with revenues of $2.2M and gross profit of $300K, reflecting a gross margin of approximately 13.6%. The company posted a net loss attributable to Beyond Air of $7.3M, or -$1 per basic and diluted share, on 8.6M weighted average shares. Operating expenses totaled $6.9M, driven by $2.4M in R&D and $4.5M in SG&A, resulting in an operating loss of -$6.6M. Other expenses included a $2.5M loss on debt extinguishment and $1.1M interest expense, partially offset by $483K gain from derivative liability fair value change. Balance sheet shows total assets of $36.8M, with $25.6M current assets including $6.6M cash and $5.0M marketable securities. Total liabilities stand at $28.5M, featuring $22.0M long-term debt, yielding stockholders' equity of $8.3M. Cash flow from operations consumed -$31.3M, offset by $24.2M financing inflows from stock issuances ($8.1M ATM, $18.9M securities agreement) and $14.0M loan proceeds, with net cash decline of -$6.8M in cash and equivalents plus restricted cash. No prior period comparisons disclosed.

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