secwatch.observer — SEC 8-K summary
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Issuer:     Beyond Air, Inc. (XAIR)
CIK:        0001641631
Form:       8-K
Filed at:   2024-11-18T23:59:59+00:00
Accession:  0001493152-24-046503
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beyond Air Q2 FY2025 revenue $0.8M (+17% QoQ); extends cash runway through June 2026
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- Revenue $0.8M vs $0.2M YoY; cost of revenue $1.9M (depreciation & upgrade costs).
- Cash, equivalents & marketable securities $28.4M; pro forma cash $18.5M after subsequent closings.
- Retired $17.5M Avenue Capital debt; entered $11.5M loan (8% royalty on net sales from July 2026).
- Completed $20.6M private placement with healthcare-focused funds and insiders.
- Hospital contracts increased 60% in Q2; annualized contracted revenue $3.5M as of Oct 1, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1641631/000149315224046503/0001493152-24-046503-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1641631/000149315224046503/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-046503

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer