The chart below shows how XAIR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, XAIR sees a -2.02% change in stock price 10 days leading up to the earnings, and a -19.01% change 10 days following the report. On the earnings day itself, the stock moves by +1.57%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Client Growth Surge: During the quarter ended September 30, 2024, we increased our total number of hospital clients by over 60%.
Quarterly Revenue Comparison: Revenue for the second fiscal quarter of 2025 was $0.8 million compared with $0.2 million in our fiscal second quarter of 2024.
Positive Gross Margins Expected: We expect gross margins to turn positive in the March 2025 quarter.
R&D Expense Decrease: Research and development expenses for the three months ended September 30, 2024 were $4.6 million compared to $7.1 million for the three months ended September 30, 2023, reflecting a decrease of $2.5 million.
Cash and Marketable Securities: As of September 30, 2024, the company had cash, cash equivalents and marketable securities of $28.4 million.
Negative
Quarterly Revenue Comparison: Revenue for the second fiscal quarter of 2025 was $0.8 million compared with $0.2 million in our fiscal second quarter of 2024.
Gross Margin Loss Comparison: We're showing a $1.1 million loss in gross margin for the fiscal second quarter of 2025 compared to a $0.2 million loss for the same period last year.
Cost Exceeds Revenue: Cost of revenue in the current fiscal year exceeded revenue, primarily due to $0.7 million of one-time costs required to upgrade our existing fleet of devices, plus $0.8 million of non-cash headwinds, either provisions for excess inventory or depreciation of devices purchased but not yet deployed.
R&D Expense Decrease: Research and development expenses for the three months ended September 30, 2024, were $4.6 million as compared to $7.1 million for the three months ended September 30, 2023. The decrease of $2.5 million was primarily attributed to a decrease in spending in salaries, stock-based compensation and preclinical studies.
Net Loss Comparison: Net loss attributed to common stockholders of Beyond Air, Inc. for the three months ended September 30, 2024, was $13.4 million or a loss of $0.28 per share basic and diluted. Our net loss attributed to common stockholders of Beyond Air, Inc. for the three months ended September 30, 2023, was $16.2 million or a loss of $0.51 per share basic and diluted.
Beyond Air, Inc. (XAIR) Q2 2025 Earnings Call Transcript
XAIR.O
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