Earnings Call Summary | Beyond Air(XAIR.US) Q3 2024 Earnings Conference
Earnings Call Summary | Beyond Air(XAIR.US) Q3 2024 Earnings Conference
The following is a summary of the Beyond Air, Inc. (XAIR) Q3 2024 Earnings Call Transcript:
以下是Beyond Air, Inc.(XAIR)2024年第三季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Beyond Air reported a significant Q3 revenue increase of over 60% from the previous quarter, reaching $0.4 million.
Gross margin remains negative due to software upgrade costs, idle equipment depreciation, and inefficiencies related to early-stage growth.
R&D expenses rose to $6.8 million due to rising costs associated with device development and increased salaries for R&D teams.
SG&A expenses increased to $9.8 million, mainly due to stock-based compensation and increased salaries.
The company reported a net loss of $17.1 million for the quarter, with $16.1 million attributable to shareholders.
Net cash used totaled $12.7 million, with cash and cash equivalents standing at $31.4 million as of December 31, 2023.
Beyond Air報告稱,第三季度收入比上一季度大幅增長60%以上,達到40萬美元。
由於軟件升級成本、閒置設備折舊以及與早期增長相關的效率低下,毛利率仍爲負數。
由於與設備開發相關的成本上漲以及研發團隊的工資增加,研發費用增至680萬美元。
銷售和收購費用增加到980萬美元,這主要是由於股票薪酬和工資增加。
該公司報告本季度淨虧損1710萬美元,其中1,610萬美元歸屬於股東。
淨使用的現金總額爲1,270萬美元,截至2023年12月31日,現金及現金等價物爲3,140萬美元。
Business Progress:
業務進展:
A recent software upgrade was approved by the FDA and has generated increased demand for product evaluations.
The company secured three multiyear contracts after showcasing the upgraded system at the American Academy of Respiratory Care in November.
Beyond Air was granted an innovative technology contract award from Vizient, extending their business reach.
The company's Phase 1 study evaluating ultra-high concentration nitric oxide (UNO) showed no dose-limiting toxicities at 25,000 ppm single-dose UNO.
CE Mark is expected to be obtained in the first half of 2024, which will result in a milestone payment from partner Getz Healthcare.
FDA approval is anticipated by the end of 2024 for the expansion of current nitric oxide-based treatment to include cardiac surgery.
Significant progress has been made in updating the LungFit device software and the development of the company's pipeline, despite depreciation and refitting costs.
最近的軟件升級已獲得美國食品和藥物管理局的批准,這增加了對產品評估的需求。
該公司於11月在美國呼吸護理學會展示了升級後的系統後,獲得了三份爲期多年的合同。
Beyond Air獲得了Vizient授予的創新技術合同,擴大了他們的業務範圍。
該公司評估超高濃度一氧化氮(UNO)的1期研究顯示,單劑量UNO在25,000 ppm時沒有劑量限制毒性。
預計將在2024年上半年獲得CE標誌,這將導致合作伙伴Getz Healthcare支付里程碑式的款項。
預計到2024年底,美國食品藥品管理局將批准擴大目前的一氧化氮治療範圍,將心臟手術包括在內。
儘管存在折舊和改裝成本,但在更新LungFit設備軟件和開發公司管道方面取得了重大進展。
More details: Beyond Air IR
更多詳情: 超越空中紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。