Company: XAIR
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001641172-25-023243
Chunk: 58

Company: Beyond Air, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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    Other income / (expense) 
     94  
     (2)
  
    Total other income/(expense) 
     (461) 
     525 

    Benefit from income taxes 
     -  
     - 

    Net loss 
    $(8,078) 
    $(13,055)

    Less: net loss attributable to non-controlling interest 
     (387) 
     (854)

    Net loss attributable to Beyond Air, Inc. Stockholders 
    $(7,691) 
    $(12,201)

    Foreign currency translation gain 
     127  
     103 
  
    Comprehensive loss attributable to Beyond Air, Inc. 
    $(7,564) 
     (12,098)
  
    Net basic and diluted loss per share of common stock 

    attributable to Beyond Air, Inc. 
    $(1.53) 
    $(5.32)

    Weighted average number of shares outstanding, basic and diluted 
     5,014,923  
     2,295,042 

29

Comparison
of Three Months Ended June 30, 2025 with the Three Months Ended June 30, 2024

Revenues
and Cost of Revenues

$1.8
million and $0.7 million revenue was recognized for the three months ended June 30, 2025 and June 30, 2024, respectively. Cost of revenue
of $1.6 million and gross profit of $0.2 million were recognized for the three months ended June 30, 2025, compared to a cost of revenue
of $1.0 million and gross losses of $0.3 million for the three months ended June 30, 2024.

Revenues
continue to expand as we continue to sign hospital contracts and begin selling into international markets. The increase in gross
profit is primarily associated with sales growth, partially offset by one-time costs required to upgrade our existing fleet of
devices and provisions for excess inventory.

Research
and Development Expenses

Research
and development expenses for the three months ended June 30, 2025 were $3.1 million as compared to $6.0 million for the three months
ended June 30, 2024. The decrease of $2.9 million was primarily attributed to a decrease in spend in salaries $1.3 million ($0.5 million
in Beyond Air and $0