Beyond Air, Inc. (XAIR)
Beyond Air, Inc. functions as a specialized entity involved in both the development of medical devices and biopharmaceutical solutions. A central part of its operations is the LungFit platform, an innovative system that generates and delivers nitric oxide. Within this platform, LungFit PH is currently available, used to address persistent pulmonary hypertension in infants. Furthermore, the company is advancing LungFit PRO, a product intended for various viral lung ailments like community-acquired viral pneumonia (including COVID-19) and bronchiolitis in hospital settings. It is also creating LungFit GO, which aims to treat nontuberculous mycobacteria infections. The organization adopted its current name, Beyond Air, Inc., in June 2019, having previously been known as AIT Therapeutics, Inc. Its headquarters are situated in Garden City, New York.
Sector: Surgical & Medical Instruments & Apparatus
Industry: Medical - Devices
Beyond Air, Inc.
NASDAQ:XAIRHealthcare · Medical - Devices
-3.03%$2.24
AH$2.20-1.79%vs close
Mkt Cap$2.21M
Float862K
O/S984K
Vol
$ Vol
RVOL
Inst Own8.0%
SI6.9%
Earnings
Dilution
Financials Summary
Revenue$7.68M
Net Income-$33.25M
Total Assets$35.38M
Free Cash Flow-$19.17M
Debt & Equity
Debt 79%
Equity 21%
Total Debt$23.38M
Total Equity$6.13M
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
2-year cumulative
1:400Over cap
Past the 1:250 Nasdaq cap, ineligible for a bid-price compliance period
- 1:20Reverse splitJul 13, 202620 shares → 1
- 1:20Reverse splitJul 14, 202520 shares → 1
Balance Sheet Details
Assets$35.38M
Liabilities$29.18M
Accounts Receivable$1.19M
Accounts Payable$2.42M
Inventory$1.41M
PP&E (Net)$9.44M
Goodwill$0
Intangible Assets$1.02M
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2016 | FY 2017 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2017-12-31 | 2016-12-31 | 2016-12-31 | 2014-12-31 | 2013-12-31 |
| Revenue | $7.68M | $3.71M | $1.16M | $0 | $0 | $873K | $1.39M | $7.72M | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | 107.3% | 219.7% | - | - | - | -37.2% | -82.0% | - | - | - | - | - | - |
| Cost of Revenue | $7.43M | $5.37M | $2.47M | $555K | $0 | $0 | $0 | $0 | $38K | $0 | $0 | $0 | $0 |
| Gross Profit | $252K | -$1.66M | -$1.31M | -$555K | $0 | $873K | $1.39M | $7.72M | -$38K | $0 | $0 | $0 | $0 |
| Gross Margin | 3.3% | -44.9% | -112.8% | - | - | 100.0% | 100.0% | 100.0% | - | - | - | - | - |
| Research and Development | $10.24M | $16.86M | $24.36M | $16.81M | $11.8M | $12.62M | $10.65M | $3.93M | $4.44M | $1.62M | $673K | $1.17M | $898K |
| Selling, General, and Administrative | $19.05M | $26.02M | $37.34M | $34.69M | $18.91M | $10.47M | $8.88M | $6.85M | $6.63M | $29K | $1.66M | $989K | $486K |
| Other | $0 | $0 | -$1K | $0 | $10M | $1K | $0 | -$3K | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $29.3M | $42.87M | $61.7M | $51.5M | $40.71M | $23.09M | $19.53M | $10.78M | $11.07M | $29K | $2.33M | $4.25M | $1.57M |
| Operating Income (EBIT) | -$29.04M | -$44.54M | -$63.01M | -$52.06M | -$40.71M | -$22.21M | -$18.14M | -$3.06M | -$11.07M | -$29K | -$2.33M | -$2.16M | -$1.38M |
| Operating Margin | -378.2% | -1202.1% | -5436.2% | - | - | -2544.6% | -1305.1% | -39.6% | - | - | - | - | - |
| Interest Expense | $0 | $3.02M | $2.91M | $30K | $775K | $642K | $31K | $2K | $1.06M | $462 | $286K | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $376K | $5K |
| Other Income (Expense) | -$5.29M | -$3.94M | -$1.29M | -$7.34M | -$3.35M | -$661K | -$1.95M | -$3.5M | -$6.98M | -$462 | -$1.36M | -$2.47M | -$190K |
| Income Before Tax (EBT) | -$34.33M | -$48.48M | -$64.3M | -$59.4M | -$44.06M | -$22.88M | -$20.1M | -$6.56M | -$18.04M | -$30K | -$3.69M | -$4.62M | -$1.57M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | -$154K | -$2K | $0 | $127K | $27K | $0 | $71K |
| Net Income | -$33.25M | -$46.63M | -$60.24M | -$55.82M | -$43.18M | -$22.88M | -$19.94M | -$6.56M | -$18.04M | -$30K | -$3.72M | -$4.81M | -$1.65M |
| Net Income Margin | -433.0% | -1258.4% | -5197.8% | - | - | -2620.3% | -1434.6% | -84.9% | - | - | - | - | - |
| Supplementary Data | |||||||||||||
| EPS | -4.01 | -275.40 | -726.60 | -744.80 | -672.80 | -508.20 | -711.40 | -308.69 | -1204.00 | -0.21 | -25.70 | -33.20 | -11.40 |
| Diluted EPS | -4.01 | -275.40 | -726.60 | -744.80 | -672.80 | -508.20 | -711.40 | -308.69 | -1204.00 | -0.21 | -25.70 | -33.20 | -11.40 |
| Weighted Average OS | 8.30M | 169,266 | 82,900 | 74,934 | 64,171 | 45,013 | 28,766 | 21,246 | 15,005 | 144,822 | 144,836 | 144,836 | 144,808 |
| EBITDA | -$30.68M | -$41.89M | -$59.03M | -$58.2M | -$42.7M | -$22.02M | -$19.91M | -$6.49M | -$16.92M | -$2.18M | -$3.38M | -$2.14M | -$1.37M |
| EBITDA Margin | -399.6% | -1130.6% | -5093.3% | - | - | -2522.6% | -1432.0% | -84.1% | - | - | - | - | - |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2016-12-31 | 2016-12-31 | 2015-12-31 | 2013-12-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $6.74M | $4.67M | $11.38M | $29.16M | $80.24M | $34.63M | $19.83M | $1.34M | $733K | $7K | $6K | $331K | $23K |
| Short-Term Investments | $4.9M | $2.25M | $23.09M | $16.72M | $0 | $0 | $0 | $6.54M | $8.3M | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $11.64M | $6.92M | $34.47M | $45.88M | $80.24M | $34.63M | $19.83M | $7.88M | $9.04M | $7K | $6K | $331K | $23K |
| Accounts Receivable | $1.19M | $860K | $548K | $651K | $604K | $425K | $0 | $0 | $0 | $78K | $0 | $0 | $0 |
| Inventory | $1.41M | $2.42M | $2.13M | $1.13M | $350K | $1.88M | $6.53M | $639K | $0 | -$26 | $0 | $0 | $0 |
| Other Current Assets | $5.81M | $434K | $507K | $7.95M | $10.5M | -$930K | -$503K | $389K | $6K | $0 | $26 | $59K | $53K |
| Total Current Assets | $24.77M | $16.02M | $43.94M | $59.41M | $92.94M | $37.22M | $26.61M | $8.69M | $9.1M | $85K | $6K | $390K | $76K |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $9.44M | $12.72M | $11.48M | $7.5M | $4.21M | $2.79M | $407K | $245K | $253K | $61K | $93K | $105K | $114K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $1.02M | $1.22M | $1.43M | $1.63M | $1.84M | $375K | $413K | $495K | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $158K | $103K | $113K | $212K | $207K | $138K | $0 | $0 | $0 | $90K | $352K | $3K | $3K |
| Total Long-Term Assets | $10.62M | $14.04M | $13.03M | $9.34M | $6.25M | $3.3M | $820K | $740K | $253K | $151K | $445K | $108K | $117K |
| Other Assets | $0 | $0 | $0 | -$1K | $0 | $0 | $0 | $0 | $0 | $0 | -$445K | $0 | $0 |
| Total Assets | $35.38M | $30.06M | $56.96M | $68.75M | $99.2M | $40.52M | $27.43M | $9.43M | $9.36M | $236K | $6K | $498K | $193K |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $2.42M | $1.95M | $1.95M | $2.02M | $1.13M | $1.32M | $2.26M | $1.16M | $842K | $528K | $634 | $173K | $0 |
| Short-Term Debt | $401K | $609K | $800K | $775K | $927K | $557K | $335K | $264K | $33K | $418K | $30K | $28K | $9K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $154K | $154K | $154K | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $138K | $16.61M | $8.37M | $0 | $873K | $2.26M | $0 | $1.06M | $0 | $0 | $0 |
| Other Current Liabilities | $1.05M | $223K | $755K | -$986K | -$408K | $0 | $1.27M | $241K | $154K | $0 | $0 | $408K | $336K |
| Total Current Liabilities | $6.51M | $5M | $11.57M | $19.78M | $10.71M | $3.8M | $4.87M | $5.4M | $2.13M | $2.04M | $31K | $609K | $412K |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $21.64M | $9.2M | $14.72M | $120K | $200K | $4.47M | $4.34M | $0 | $0 | $2.9M | $0 | $969K | $13K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $2K | $38K | $1.59M | $4.5M | $8M | $1K | $0 | $0 | $5.68M | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $22.66M | $10.72M | $18.21M | $6.94M | $10.28M | $6.26M | $4.47M | $0 | $5.68M | $2.9M | $2K | $969K | $13K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.55M | $0 | $0 |
| Total Liabilities | $29.18M | $15.72M | $29.77M | $26.72M | $20.99M | $10.06M | $9.34M | $5.4M | $7.81M | $4.93M | $31K | $1.58M | $425K |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16K | $1.54M | $597K |
| Common Stock | $1K | $8K | $5K | $3K | $3K | $2K | $2K | $871 | $840 | $1K | $1K | $29K | $29K |
| Retained Earnings | -$319.57M | -$286.32M | -$239.7M | -$179.46M | -$123.64M | -$80.46M | -$57.59M | -$37.64M | -$30.57M | -$13.57M | -$30K | -$8.39M | -$1.75M |
| Comprehensive Income & Other | $134K | -$60K | -$15K | $53K | $96K | $0 | $0 | -$0 | -$3K | $0 | -$16K | $0 | $0 |
| Other Stockholders' Equity | $325.7M | $299.9M | $264.74M | $217.37M | $196.34M | $110.92M | $75.68M | $41.67M | $32.11M | $8.87M | $4K | $7.28M | $1.49M |
| Total Equity | $6.13M | $13.58M | $25.05M | $37.91M | $72.7M | $30.46M | $18.09M | $4.02M | $1.54M | -$4.7M | -$25K | -$1.08M | -$232K |
| Minority Interest | $84K | $758K | $2.14M | $4.11M | $5.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $35.3M | $29.3M | $54.82M | $64.64M | $93.69M | $40.52M | $27.43M | $9.43M | $9.36M | $236K | $6K | $498K | $193K |
| Supplementary Data | |||||||||||||
| Total Debt | $23.38M | $11.69M | $17.84M | $3.59M | $3.49M | $6.93M | $4.88M | $264K | $33K | $3.31M | $30K | $997K | $22K |
| Net Debt | $16.64M | $7.02M | $6.46M | -$25.57M | -$76.75M | -$27.7M | -$14.95M | -$1.08M | -$699K | $3.31M | $24K | $666K | -$1K |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2017-12-31 | 2016-12-31 | 2016-12-31 | 2014-12-31 | 2013-12-31 |
| Operating Activities | |||||||||||||
| Net Income | -$33.25M | -$48.48M | -$60.24M | -$59.4M | -$43.18M | -$22.88M | -$19.94M | -$6.56M | -$18.04M | -$3.72M | -$30K | -$4.62M | -$1.57M |
| Depreciation & Amortization | $3.65M | $3.57M | $2.35M | $1.17M | $588K | $211K | $159K | $65K | $38K | $25K | $26K | $20K | $15K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $2.08M | $3.5M | $5.41M | $5K | $0 | $0 | $0 |
| Stock-Based Compensation | $5.28M | $9.15M | $0 | $19.56M | $0 | $4.89M | $3.58M | $2.4M | $4.38M | $365K | $447K | $241K | $215K |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | -$468K | -$390K | $101K | -$98K | $103K | -$425K | $0 | $0 | -$31K | -$67K | $38K | -$3K | -$20K |
| Inventory | $1.11M | -$466K | -$998K | -$781K | $0 | $0 | $0 | $0 | $0 | $291K | $0 | $0 | $0 |
| Accounts Payable | $267K | $399K | -$467K | $838K | -$327K | -$968K | $1.09M | $323K | $141K | $404K | $634 | $0 | $0 |
| Other Working Capital | $1.44M | -$5.7M | -$14.67M | $5.43M | $12.06M | $189K | -$2.22M | $1.81M | -$605K | $643K | $436 | $8K | $305K |
| Total Working Capital Change | $2.35M | -$6.15M | -$16.04M | $5.39M | $11.84M | -$1.2M | -$1.13M | $2.13M | -$464K | $980K | $1K | $5K | $285K |
| Other Non-Cash Items | $3.83M | $3.7M | $17.91M | $271K | $7.62M | -$666K | $10K | -$197K | $6.97M | $1.66M | $1.15M | $2.47M | $255K |
| Net Cash from Operating | -$18.14M | -$38.22M | -$56.02M | -$33.01M | -$23.13M | -$19.64M | -$15.25M | $1.34M | -$7.12M | -$692K | -$29K | -$1.88M | -$804K |
| Investing Activities | |||||||||||||
| Capital Expenditures | -$1.02M | -$5.88M | -$5.75M | -$3.88M | -$1.38M | -$890K | -$44K | -$56K | -$244K | $0 | -$7K | -$18K | -$73K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | -$4.47M | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$4.05M | -$30.88M | -$128.77M | -$35.66M | $0 | $0 | -$37.32M | -$12.22M | -$2M | $0 | $0 | $0 | $0 |
| Sales of Investments | $1.4M | $51.66M | $122.28M | $18.95M | $0 | $0 | $41.79M | $10.49M | $1.4M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $10K | $0 | $1K | -$70K | $0 | $4.47M | -$1.74M | -$301K | $14K | $0 | $0 | $371K |
| Net Cash from Investing | -$3.67M | $14.9M | -$12.23M | -$20.59M | -$1.45M | -$890K | $4.42M | -$1.79M | -$1.15M | $14K | -$7K | -$18K | $298K |
| Financing Activities | |||||||||||||
| Debt Repaid | -$13M | $6.73M | - | $1.01M | - | $404K | -$4.7M | $29K | $361K | -$184K | -$1.22M | -$1.83M | - |
| Common Stock Issuance | $16.29M | $23.01M | $28.18M | $3.71M | $79.04M | $23.44M | $29.93M | $799K | $9.89M | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$25K | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $365K | $0 | $0 | $35K | $6.67M | -$71K | $808K | $1K | $372K | -$1.22M | $209K | $362K |
| Net Cash from Financing | $29.09M | $16.65M | $43.17M | $2.7M | $79.45M | $30.33M | $34.93M | $1.07M | $9.46M | $556K | $20K | $2.04M | $362K |
| Forex Effect | $194K | -$45K | -$2.6M | -$43K | $96K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $7.47M | -$6.71M | -$27.68M | -$50.94M | $54.96M | $9.8M | $24.11M | $619K | $1.19M | -$122K | -$9K | $138K | -$144K |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | -$18.14M | -$38.22M | -$56.02M | -$33.01M | -$23.13M | -$19.64M | -$15.25M | $1.34M | -$7.12M | -$692K | -$29K | -$1.88M | -$804K |
| Capital Expenditure | -$1.02M | -$5.88M | -$5.75M | -$3.88M | -$1.38M | -$890K | -$44K | -$56K | -$244K | $0 | -$7K | -$18K | -$73K |
| Free Cash Flow | -$19.17M | -$44.1M | -$61.76M | -$36.89M | -$24.51M | -$20.53M | -$15.29M | $1.28M | -$7.36M | -$692K | -$36K | -$1.9M | -$877K |
| Cash at Beginning | $4.9M | $11.61M | $39.29M | $87.71M | $35.27M | $25.46M | $1.36M | $738K | $7K | $129K | $15K | $23K | $167K |
| Cash at End | $12.36M | $4.9M | $11.61M | $36.77M | $90.23M | $35.27M | $25.47M | $1.36M | $1.2M | $7K | $6K | $161K | $23K |