Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 744

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 1A
Chunk 744
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Investing in our common stock involves a high degree
of risk. You should consider carefully the risks described below, together with the other information included or incorporated by reference
in this Annual Report. If any of the following risks occur, our business, financial condition, results of operations and future growth
prospects could be materially and adversely affected. In these circumstances, the market price of our common stock could decline. Other
events that we do not currently anticipate or that we currently deem immaterial may also affect our business, prospects, financial condition
and results of operations. 

Risks Related to Our Financial Position and Capital
Requirements

Our independent registered
public accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue
as a “going concern.”

The Company
has incurred recurring net losses, including a net loss of $48.5 million for the year ended March 31, 2025, compared to $64.3 million
for the year ended March 31, 2024 and the Company’s operations have not provided net positive cash flows in the year ended March
31, 2025. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s
continuation as a going concern is dependent upon its ability to generate positive cash flows from operations and to secure additional
sources of equity and/or debt financing. Despite the Company’s intent to fund operations through equity and debt financing arrangements,
there is no assurance that such financing will be available on terms acceptable to the Company, if at all.

Our independent
auditors have included an explanatory paragraph in their audit report, included in this Annual Report on Form 10-K, regarding the Company’s
ability to continue as a going concern. This going concern risk may materially limit our ability to raise additional funds through the
issuance of new debt or equity or may adversely affect the terms upon which such capital may be available. The inability to obtain sufficient
financing on acceptable terms could have a material adverse effect on the Company’s financial condition, results of operations,
and business prospects.

The Company
is actively pursuing strategies to mitigate these risks. However, there can be no assurance that these efforts will prove successful or
that the Company will achieve its intended financial stability. The failure to successfully address these going concern risks may materially
and adversely affect the Company’s business, financial condition, and results of operations. Investors should consider the substantial
risks and uncertainties inherent in the Company