Beyond Air® Raises Up to $32 Million to Fuel Expansion
Financing Agreements: Beyond Air, Inc. has secured financing agreements with Streeterville Capital, including a $12 million promissory note and a $20 million equity line of credit, totaling up to $32 million in potential proceeds to support its commercial expansion.
Cash Position and Runway: As of September 30, 2025, the company reported proforma cash and equivalents of $22.9 million, extending its cash runway into calendar 2027, which is expected to facilitate the growth of its LungFit PH product.
Product Development and Market Strategy: Beyond Air aims to accelerate sales growth for its LungFit PH device, with projections for global revenues and plans to launch a second-generation product by the end of 2026, potentially leading to profitability.
Innovative Medical Solutions: Beyond Air is focused on developing nitric oxide-based medical devices for treating respiratory illnesses and neurological disorders, with its LungFit PH system already approved for use in various regions, while other systems are in clinical trials.
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- Earnings Report: Beyond Air's Q3 earnings report reveals a GAAP EPS of -$0.85, missing expectations by $0.03, indicating ongoing challenges in profitability.
- Revenue Surge: The company reported revenues of $2.2M for the quarter, representing a substantial year-over-year increase of 105.6%, exceeding market expectations by $0.05M, highlighting strong product demand recovery.
- Executive Appointment: Beyond Air has appointed Dan Moorhead as CFO, aiming to enhance financial management and drive future strategic development for the company.
- Market Reaction: Despite the EPS miss, the significant revenue growth may bolster investor confidence in the company's future growth potential, particularly in the context of new product launches and market expansion efforts.
- Significant Revenue Growth: Beyond Air reported a 105% year-over-year revenue increase to $2.2 million for fiscal Q3 2025, reflecting strong demand for its LungFit PH product in both U.S. and international markets, marking a crucial milestone in the company's commercialization journey.
- Strong Cash Position: As of December 31, 2025, the company reported approximately $22.3 million in cash and cash equivalents, bolstered by recent PIPE financing, which is expected to provide a runway into 2027, enhancing operational sustainability.
- Strategic Acquisition Plan: Beyond Air signed a binding letter of intent to acquire 85% of XTL Biopharmaceuticals, potentially receiving up to $32.5 million in cash and equity, further advancing its strategic positioning in neuro-oncology and autism treatment.
- Clinical Data Presentation: The company plans to present Phase 1a data from its UNO program at the AACR Annual Meeting in 2026, which is expected to increase market awareness of its innovative treatment solutions and support future commercialization efforts.
- Earnings Announcement Date: Beyond Air is set to announce its Q3 earnings on February 13 before market open, with a consensus EPS estimate of -$0.54, reflecting a significant 260% year-over-year decline, indicating serious challenges in profitability.
- Revenue Growth Expectations: Despite the poor EPS outlook, the revenue estimate stands at $2.15 million, representing a 100.9% year-over-year increase, which highlights the company's potential for sales growth and may provide support for future financial performance.
- Performance Forecast Revisions: Over the past year, Beyond Air has failed to beat EPS estimates 100% of the time and has only achieved a 25% beat rate on revenue estimates, indicating difficulties in managing market expectations effectively.
- Management Changes: Beyond Air has recently appointed Dan Moorhead as CFO and Duke Drewell as interim CFO, a leadership change that could impact the company's future financial strategy and execution capabilities.

- Acquisition Details: XTL will acquire 85% of NeuroNOS for 19.9% of its issued share capital, $1 million in cash, and contingent milestone payments up to $32.5 million, marking a strategic move into autism and neuro-oncology therapeutics.
- Positive Market Reaction: Following XTL's announcement to acquire NeuroNOS, shares of Beyond Air (XAIR) surged 149%, while XTLB shares rose 51% at the time of writing, indicating strong market approval of the deal.
- Autism Treatment Platform: NeuroNOS's drug development platform focuses on addressing the molecular mechanisms of autism, contrasting with existing treatments based on behavioral symptoms, which is expected to provide XTL with new therapeutic avenues in autism and neuro-oncology.
- Enhanced Policy Support: The U.S. government has allocated $50 million in NIH funding for autism research, reflecting a heightened focus on new drug development, which may provide XTL with policy backing and financial support for future growth.
- Transaction Details: Beyond Air has entered into an agreement with XTL Biopharmaceuticals to sell 85% of its subsidiary NeuroNOS, which includes 19.9% of XTL's shares, $1 million in cash, and up to $32.5 million in milestone payments, indicating a strategic move in the biopharmaceutical sector.
- Market Potential: This deal positions XTL to become a key player in the rapidly growing autism therapeutics market, addressing critical global healthcare needs, particularly for underserved patient populations, thus holding significant social value and commercial prospects.
- R&D Support: NeuroNOS focuses on autism and neuro-oncology treatments and holds FDA Orphan Drug Designations, providing market exclusivity and accelerated approval pathways, which are expected to yield up to $5.5 million in clinical development payments for Beyond Air, facilitating its R&D progress.
- Shareholder Value Enhancement: Beyond Air's CEO Steve Lisi stated that this transaction validates the scientific foundation of NeuroNOS and creates significant value for shareholders, as it is expected to drive the advancement of NeuroNOS's pipeline with dedicated resources and funding.
- Dow Jones Performance: The Dow Jones index fell over 200 points during Tuesday's trading, down 0.60% to 49,293.33, reflecting market caution regarding economic outlook.
- Stable Inflation Data: According to the Bureau of Labor Statistics, the Consumer Price Index rose 2.7% year-over-year in December, matching economist expectations and indicating persistent inflation pressures above the Fed's 2% target.
- Stock Volatility: Beyond Air Inc's shares surged 172% to $2.39 after XTL Biopharmaceuticals agreed to acquire an 85% stake in its subsidiary, with Beyond Air set to receive up to $32.5 million in upfront and milestone payments.
- Small Business Optimism Index: The NFIB Small Business Optimism Index surged to 99.5 in December, marking its highest level since August, indicating increased confidence among small businesses about the economic future.








