---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-030972"
form_type: "8-K"
ticker: "XAIR"
cik: "0001641631"
company_name: "Beyond Air, Inc."
filed_at: "2024-08-09T23:59:59+00:00"
generated_at: "2026-05-31T10:24:28.309095+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Beyond Air reports Q1 revenue $0.7M, net loss $0.27/share; receives Nasdaq bid-price deficiency notice

## Summary
- Revenue $0.7M, up 45% QoQ from $0.5M; net loss $12.2M ($0.27/share) vs $14.1M ($0.45) year ago.
- Cash burn $13.1M; cash $21.4M; expects net cash burn <$30M in FY2025; breakeven target Q4 FY2026.
- Nasdaq notice: bid price below $1.00 for 30 days; 180-day cure until Feb 4, 2025; may consider reverse split.
- Amir Avniel appointed CEO of NeuroNOS (autism program); resigns as CBO and Board member effective Aug 15, 2024.
- Revenue guidance >$10M for FY2025; commercial progress with LungFit PH in 55+ hospitals across 10 states.

## SEC filing metadata
- accession: 0001493152-24-030972
- form_type: 8-K
- ticker: XAIR
- cik: 0001641631
- company_name: Beyond Air, Inc.
- filed_at: 2024-08-09T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 3.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1641631/000149315224030972/0001493152-24-030972-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1641631/000149315224030972/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-030972
- JSON: https://secwatch.observer/filing/0001493152-24-030972.json
- Plain text: https://secwatch.observer/filing/0001493152-24-030972.txt

## Key facts
- Executive change
  Amir Avniel resigned as Director at Beyond Air, Inc..
  - Action: resigned
  - Role: Director
  source text: tendered his resignation from the board of directors of the Company and as the Chief Business Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641631/000149315224030972/0001493152-24-030972-index.htm
- Executive change
  Amir Avniel resigned as Chief Business Officer at Beyond Air, Inc..
  - Action: resigned
  - Role: Chief Business Officer
  source text: tendered his resignation from the board of directors of the Company and as the Chief Business Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641631/000149315224030972/0001493152-24-030972-index.htm
- Executive change
  Amir Avniel was appointed as Chief Executive Officer at Beyond Air, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On August 6, 2024, Amir Avniel was appointed Chief Executive Officer of NeuroNOS Israel Limited overseeing the Company’s autism spectrum disorder program and tendered his resignation from the board of directors of the Company and as the Chief Business Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641631/000149315224030972/0001493152-24-030972-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.