Beyond Air reports FY2024 loss of $60.2M; cuts FY2025 revenue guidance to >$10M; extends loan interest-only period

Beyond Air, Inc.

FY2024 revenue $1.2M (vs. $0); net loss $60.2M ($1.82 loss per share).
FY2025 revenue guidance revised to >$10M from $12-16M; net cash burn expected <$30M.
Interest-only period on $40M term loan extended to June 30, 2025; further 12-month deferral contingent on $40M product revenue by Mar 2025.
Issued warrants to Avenue funds for 100,000 shares at $1.28, expiring June 2029.
Headcount reduced >20% since Jan 2024; new CCO David Webster appointed; cash and securities $34.5M.

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