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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 800,000 | 16.7% |
| Gross Profit | -1.1M | 226.5% |
| Cost of Revenue | 1.9M | 85.2% |
| Operating expense | 12M | 11.3% |
| Net Income | -13M | 9.5% |
| EBITDA | -12M | 6.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 53M | 14% |
| Total Liabilities | 24M | 17.7% |
| Total Equity | 28M | 74.4% |
| Shares Outstanding | 72M | 57.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -13M | 31.1% |
| Cash from investing | 16M | 418.5% |
| Cash from financing | 22M | 8290.9% |
EPS
Financial Highlights for Beyond Air in Q3 '24
Beyond Air reported a revenue of 800,000, which is a 16.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -1.1M, marking a -226.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.9M, a 85.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 12M, showing a -11.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -13M, showing a -9.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -12M, showing a 6.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Beyond Air faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
