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Beyond Air, Inc. Reports Q4 Loss, Misses Revenue Estimates

Beyond Air, Inc. (NASDAQ: XAIR) came out with a quarterly loss of $0.36 per share versus the Zacks Consensus Estimate of a loss of $0.47. This compares to loss of $0.67 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 23.40%. A quarter ago, it was expected that this company would post a loss of $0.61 per share when it actually produced a loss of $0.50, delivering a surprise of 18.03%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Beyond Air, which belongs to the Zacks Medical - Biomedical and Genetics industry, posted revenues of $0.47 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 33.33%. This compares to zero revenues a year ago. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Beyond Air shares have lost about 36.7% since the ...