0001493152-26-006688
SEC filingBeyond 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.
Beyond Air, Inc. reported revenues of $2.2M for the quarter ended December 31, 2025, with cost of revenues at $1.9M yielding gross profit of $300K. Research and development expenses were $2.4M and selling, general, and administrative expenses reached $4.5M, totaling $6.9M in operating expenses and resulting in a loss from operations of -$6.6M. Other income and expenses included $102K dividend income, -$1.1M interest expense, -$2.5M loss on debt extinguishment, and net other items leading to total other expense of -$1.0M. Net loss was -$7.6M, with -$294K attributable to non-controlling interest, yielding net loss attributable to Beyond Air of -$7.3M or -$1 per basic and diluted share on 8.6M weighted average shares. Comprehensive loss was also -$7.3M after $25K foreign currency translation adjustment. No prior quarter or year comparisons provided in the filing. (148 words)
Revenues totaled $2.2M for the period, with cost of revenues at $1.9M. No segment breakdown, geographic revenue mix, or specific growth drivers disclosed in the filing. Gross profit stood at $300K. The document does not provide details on revenue sources or changes from prior periods. (62 words)
Gross profit of $300K on $2.2M revenues implies a gross margin of approximately 13.6%. Operating loss of -$6.6M on $2.2M revenues reflects significant operating expense pressure from $6.9M total costs, dominated by $4.5M SG&A and $2.4M R&D. No margin trends or cost structure changes versus prior periods disclosed. Non-operating items including debt extinguishment loss exacerbated overall losses. (78 words)
Net cash used in operating activities was -$31.3M, driven by -$7.6M net loss, offset by non-cash items like $2.2M depreciation, $1.5M stock compensation, and working capital changes including -$916K inventory increase. Investing activities provided $12.3M net, from $1.3M marketable securities sales net of purchases and capex. Financing delivered $24.2M, including $18.9M from securities purchase agreement, $14.0M loan proceeds, and $8.1M ATM offerings. Cash, equivalents, and restricted cash ended at $4.9M after -$6.8M net change. Balance sheet: $36.8M total assets ($25.6M current, $6.6M cash), $28.5M liabilities ($22.0M long-term debt, $5.0M current), $8.3M equity. (142 words)
No management guidance, strategic priorities, or forward-looking statements disclosed in the provided filing content. Risk factors not detailed in the extracted sections.