Company: XAIR
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001641172-25-023243
Chunk: 60

Company: Beyond Air, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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30

Net
Loss Attributed to Common Stockholders

Net
loss attributed to common stockholders of Beyond Air, Inc for the three months ended June 30, 2025, was $7.8 million or a loss of $1.53
per share, basic and diluted. Our net loss attributed to common stockholders of Beyond Air, Inc for the three months ended June 30, 2024
was $12.2 million or a loss of $5.32 per share, basic and diluted.

Liquidity
and Capital Resources

Cash
Flows

Below
is a summary of our cash flows activities for the three months ended June 30, 2025 and June 30, 2024:

    Three Months Ended 

    June 30, 
  
    (in thousands) 
    2025  
    2024 

    Net cash provided by (used in): 

    Operating activities 
    $(4,526) 
    $(10,180)
  
    Investing activities 
     576  
     3,114 
  
    Financing activities 
     4,066  
     (264)
  
    Effect of exchange rate changes on cash and cash equivalents 
     127  
     111 
  
    Net increase (decrease) in cash, cash equivalents and restricted cash 
    $243  
    $(7,218)

Operating
Activities

For
the three months ended June 30, 2025, the net cash used in operating activities was $4.5 million which was primarily due to our net loss
of $8.1 million, which includes $1.6 million of stock-based compensation, $0.8 million of depreciation and amortization, $0.6 million
in prepayments and other assets, and $0.4 million of paid in kind interest and amortization of debt discount associated with the Loan
Agreement.

For
the three months ended June 30, 2024, the net cash used in operating activities was $10.2 million which was primarily due to the Company’s
net loss before adjustment for non-cash items of $13.1 million and stock compensation costs of $3.4 million.

Investing
Activities

For
the three months ended June 30, 2025, net cash provided by investing activities was $0.6 million. In the three months ended June 30,
2025, the Company redeemed