Sequential Quarterly Revenue Growth
Beyond Air reported revenue of $1.1 million for the fiscal third quarter of 2025, an increase from $0.4 million a year ago. This growth is attributed to new hospital signings and the onboarding of the LungFit PH system.
Expansion in International Markets
LungFit PH received CE Mark approval, allowing marketing in the European Union and other regions. This triggered a $1 million milestone payment from Getz Healthcare and has led to two new contracts in the Middle East.
Reduced Operating Expenses
Research and development expenses decreased from $6.8 million to $3 million, and SG&A expenses decreased from $9.8 million to $7.7 million, attributed to reductions in salaries and stock-based compensation.
Cash Burn Reduction
Net cash burn in the quarter was $7.6 million, over 30% lower than the prior quarter, due to cost reductions, including office closures and a 30% staff reduction.
Partnerships and Marketing Efforts
The company has partnered with Healthcare Links and TrillaMed to enhance distribution, and improved marketing efforts have boosted sales activities.