Beyond Air® Reports Fiscal First Quarter 2026 Financial Results and Provides Corporate Update

Financial Performance - Revenues increased by 157% to $1.8 million for the fiscal quarter ended June 30, 2025, compared to $0.7 million for the same period last year [7][10] - Gross profit for the quarter was $0.2 million, a significant improvement from a gross loss of $0.3 million in the prior year [10] - Research and development expenses decreased to $3.1 million from $6.0 million year-over-year, primarily due to reductions in salaries and clinical study costs [11] - Selling, general and administrative expenses also decreased to $4.7 million from $7.2 million, attributed to lower salaries and marketing costs [12] - Net loss attributed to common stockholders was $7.7 million, or a loss of $1.53 per share, compared to a net loss of $12.2 million, or $5.32 per share, in the previous year [14] Business Developments - The company was awarded a national group purchasing agreement for therapeutic gases by Premier, Inc., which includes over 4,350 member hospitals and health systems [7] - Strong sequential revenue growth of approximately 50% was reported, with revenues rising from $1.2 million for the quarter ended March 31, 2025, to $1.8 million [2] - The company reaffirmed its revenue guidance for the full fiscal year 2026, expecting revenues between $12 million and $16 million [16] Product and Market Expansion - The LungFit PH system is driving market adoption and expanding the global distribution network, with recent regulatory approvals facilitating international sales [2][7] - The company has expanded its reach in the U.S. through the new purchasing agreement, allowing Premier members to access special pricing for the LungFit PH system [7] - Beyond Air is advancing its clinical programs, including the development of the second-generation LungFit PH and the Beyond Cancer program targeting solid tumors [4][6] Cash Position and Debt - As of June 30, 2025, the company reported cash, cash equivalents, and marketable securities totaling $6.5 million, with total long-term debt outstanding of $11.6 million [15] - The net cash burn for the quarter was $4.7 million, indicating ongoing investment in growth and development [15]