Beyond Air, Inc.

Beyond Air, Inc. is a U.S.-based medical technology company built around its LungFit® platform, which generates nitric oxide for hospital and clinical use. Its commercial focus has been on LungFit® PH, while it also maintains earlier-stage programs in oncology through Beyond Cancer and in neurology through NeuroNOS. The company markets directly to hospitals and healthcare systems, using field sales and clinical specialists to support adoption and training. Beyond Air remains in an early commercialization phase and is still funding product rollout, clinical development, and pipeline advancement.

−337,9 %

3,3 %

−433,0 %

+107,3 %

3.80

3.59

— Beyond Air, Inc.
%
Commercial respiratory device platform85% LungFit® PH systems and related consumables used to deliver nitric oxide in hospital settings.
Clinical services and deployment support10% Training, field support, and implementation services that help hospitals adopt and use the system.
Pipeline development programs5% Preclinical and clinical-stage programs in oncology and neurology that are not yet material revenue drivers.

Beyond Air sells primarily to hospitals and healthcare providers that use LungFit® PH for patient care, with revenue...

  • U.S. hospitalsprimary

    Buy LungFit® PH systems and consumables for clinical use; they matter because current revenue growth is driven by additional hospital contracts.

  • Government and veteran healthcare facilitiessecondary

    Accessed through TrillaMed to broaden procurement into Department of Defense and VA hospitals.

  • Group purchasing organizations and integrated delivery networkssecondary

    Buy or influence purchasing decisions across multiple hospitals to speed adoption and improve scale.

  • International healthcare partnersemerging

    Support expansion into non-U.S. markets where local distribution and regulatory access are needed.

  • Future neurology and oncology end usersemerging

    Potential future buyers of NeuroNOS or Beyond Cancer therapies if clinical development succeeds.

The company is headquartered in the United States and manages invoicing and cash collection from Garden City, New York,...

  • United States is the core commercial market and current revenue driver
  • Atlanta warehouse supports staging and deployment of LungFit® devices
  • Garden City, New York handles invoicing and cash collection
  • Ireland-based contract manufacturing supports commercial supply
  • Israel is important for R&D and subsidiary operations
  • International expansion is being pursued through local partners

Beyond Air is focused on expanding commercial adoption of LungFit® PH while conserving cash and reducing operating...

01
Commercialize LungFit® PH through broader hospital accessshort-term

The company needs recurring product revenue from its approved platform to offset operating losses and support the business.

02
Preserve cash and reduce operating costsshort-term

Management disclosed substantial doubt about going concern and expects additional funding within one year.

03
Build international commercialization capabilitymedium-term

Future growth depends on expanding beyond the U.S. while managing local market access and distribution complexity.

04
Advance pipeline programs selectivelylong-term

Beyond Cancer and NeuroNOS provide long-term optionality but require capital and clinical validation.

Beyond Air faces significant going-concern and financing risk because it continues to generate losses and has stated...

critical

Going-concern and liquidity shortfall

Management disclosed substantial doubt about the ability to continue as a going concern and said additional funding will be required within one year.

Scope
Company-wide operations and pipeline funding
Materiality
high
high

Commercial adoption and reimbursement risk

LungFit® PH depends on physician, hospital, and payor acceptance, and pricing pressure can limit margins and sales growth.

Scope
Approved product commercialization
Materiality
high
high

Third-party manufacturing dependence

The company relies on Spartronics and Medisize for commercial manufacturing and on logistics providers for warehousing and distribution.

Scope
Supply continuity and product availability
Materiality
high
high

Clinical and regulatory development risk

Beyond Cancer and NeuroNOS are precommercial programs with no FDA-approved therapies in their target areas, so success is uncertain.

Scope
Pipeline value and future growth
Materiality
high
medium

Cybersecurity and data protection risk

The company stores PII and PHI and depends on IT systems that could be disrupted or breached.

Scope
Operations, compliance, and legal liability
Materiality
medium
medium

Geopolitical and supply-chain disruption

Global operations and outsourced manufacturing expose the business to war, natural disasters, pandemics, and transport interruptions.

Scope
Manufacturing, distribution, and customer delivery
Materiality
medium
Revenue recognition
Can shift reported revenue and gross margin between periods
Accrued research and development expenses
Affects operating loss and period-end liabilities
Fair value of derivative and warrant liabilities
Impacts net loss and earnings volatility
Debt extinguishment accounting
Affects financing costs and comparability across years
Stock-based compensation
Impacts SG&A and R&D expense trends

: 11/08/2026