Beyond Air Inc. (XAIR) Financial Statements (2024 and earlier)

Company Profile

Business Address 900 STEWART AVENUE
GARDEN CITY, NY 11530
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
12/31/2023
MRQ
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:31,49456,01180,24234,63125,5007,900
Cash and cash equivalents7,97129,15880,24234,63119,8291,340
Short-term investments23,29216,724   6,543
Other undisclosed cash, cash equivalents, and short-term investments23110,129  5,67117
Restricted cash and investments   9,9886375,63617
Receivables294420322425  
Inventory, net of allowances, customer advances and progress billings1,5331,129    
Inventory1,5331,129    
Deferred costs    71  
Other undisclosed current assets6,1181,8502,3931,459(4,454)771
Total current assets:39,43959,41092,94537,22326,6828,688
Noncurrent Assets
Operating lease, right-of-use asset2,2292,4932,2161,861129
Property, plant and equipment8,5515,0031,995929211245
Intangible assets, net (including goodwill)1,478  375  
Intangible assets, net (excluding goodwill)1,478  375  
Other noncurrent assets213212207138  
Other undisclosed noncurrent assets 11,6311,836 413495
Total noncurrent assets:12,4729,3396,2543,302753740
TOTAL ASSETS:51,91168,74999,19940,52527,4359,428
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,10218,6299,9123,1303,3542,698
Employee-related liabilities409   
Accounts payable3,2202,0161,1291,3252,2561,165
Accrued liabilities7,88216,6138,3741,8051,0981,533
Deferred revenue     873
Debt130775927557335264
Due to related parties   240144
Other undisclosed current liabilities409376(127)113692,298
Total current liabilities:11,64119,78010,7123,8004,8725,403
Noncurrent Liabilities
Long-term debt and lease obligation14,3801202,2796,2624,471 
Long-term debt, excluding current maturities14,3801202004,4724,339 
Liabilities, other than long-term debt2,2262,321    
Operating lease, liability2,0122,3212,0791,789132
Derivative instruments and hedges, liabilities214     
Other undisclosed noncurrent liabilities1934,5005,920(1,789)(132) 
Total noncurrent liabilities:16,7996,94110,2786,2624,471 
Total liabilities:28,44026,72120,99010,0619,3425,403
Equity
Equity, attributable to parent20,81437,91572,70430,46418,0924,025
Common stock433221
Treasury stock, value(25)(25)(25)(25)(25)(25)
Additional paid in capital246,792217,339196,269110,94875,70341,694
Accumulated other comprehensive income (loss)345396   
Accumulated deficit(225,990)(179,455)(123,639)(80,462)(57,587)(37,645)
Other undisclosed equity, attributable to parent (1)     
Equity, attributable to noncontrolling interest2,6574,1135,505   
Total equity:23,47142,02878,20930,46418,0924,025
TOTAL LIABILITIES AND EQUITY:51,91168,74999,19940,52527,4359,428

Income Statement (P&L) ($ in thousands)

3/31/2024
12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues1,69565648731,3907,724
Net investment income 40965641711685
Cost of revenue(1,483)(555)    
Other undisclosed gross profit (349)(656)    
Gross profit:(793)(555)48731,3907,724
Operating expenses(80,804)(51,504)(30,210)(23,087)(11,532)(10,783)
Other undisclosed operating income (loss)(556) (10,504) (8,000) 
Operating loss:(82,153)(52,059)(40,710)(22,214)(18,142)(3,059)
Nonoperating expense(3,589)(7,342)(3,350)(661)(1,955)(3,500)
Interest and debt expense(1,644)(30)(775)(642)(31) 
Loss from continuing operations before equity method investments, income taxes:(87,386)(59,431)(44,835)(23,516)(20,127)(6,558)
Other undisclosed income from continuing operations before income taxes303077564231 
Loss from continuing operations before income taxes:(87,356)(59,401)(44,060)(22,875)(20,097)(6,558)
Income tax expense   (44,060) (154) 
Loss from continuing operations:(87,356)(59,401)(88,120)(22,875)(20,251)(6,558)
Loss before gain (loss) on sale of properties:(88,120)(22,875)(20,251)(6,558)
Other undisclosed net income 1,613 44,060   
Net loss:(85,743)(59,401)(44,060)(22,875)(20,251)(6,558)
Net income attributable to noncontrolling interest6,5653,585882   
Other undisclosed net income attributable to parent 1 1 309 
Net loss attributable to parent:(79,177)(55,816)(43,177)(22,875)(19,943)(6,558)
Other undisclosed net income available to common stockholders, basic    33040,407 
Net income (loss) available to common stockholders, diluted:(79,177)(55,816)(43,177)(22,545)20,465(6,558)

Comprehensive Income ($ in thousands)

3/31/2024
12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net loss:(85,743)(59,401)(44,060)(22,875)(20,251)(6,558)
Other comprehensive income (loss)(19)(43)96   
Other undisclosed comprehensive income3,5423,585883   
Comprehensive loss:(82,220)(55,859)(43,081)(22,875)(20,251)(6,558)
Comprehensive income, net of tax, attributable to noncontrolling interest6,5653,585882   
Other undisclosed comprehensive income, net of tax, attributable to parent 1     
Comprehensive loss, net of tax, attributable to parent:(75,654)(52,274)(42,199)(22,875)(20,251)(6,558)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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