Beyond Air Inc. reported fiscal third quarter (Q3) revenue of USD 2.2 million, representing a more than twofold increase year-over-year. The company maintained its fiscal year (FY) 2026 revenue guidance at USD 8 million to USD 10 million. Net loss attributable to shareholders for Q3 was USD 7.34 million. Net cash burn, excluding inflows from financing activities, was USD 4.3 million during the quarter ended December 31, 2025. As of December 31, 2025, Beyond Air Inc. reported cash, cash equivalents, restricted cash, and marketable securities totaling USD 17.8 million. Including net proceeds from a subsequent private placement of USD 4.5 million, pro forma liquidity rose to USD 22.3 million, which the company expects will provide a cash runway into calendar year 2027. Total long-term debt outstanding as of December 31, 2025, was USD 22 million. The company has USD 18.8 million remaining available through an equity line of credit. A USD 12 million promissory note issued in November 2025 carries a 15 percent interest rate and matures 24 months from issuance, with no payments due in the first 12 months. During the quarter, Beyond Air Inc. signed a binding letter of intent for XTL Biopharmaceuticals to acquire 85 percent of its subsidiary NeuroNOS. Under the agreement, Beyond Air Inc. is eligible to receive up to USD 32.5 million from a combination of upfront cash, development and commercial milestones, and a 19.99 percent equity ownership in XTL Biopharmaceuticals. In addition, Phase 1a data from the UNO program in solid tumors is scheduled to be presented at the AACR Annual Meeting in April 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Beyond Air Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9654278) on February 13, 2026, and is solely responsible for the information contained therein.