Medical device maker Beyond Air falls after Q3 revenue misses

Beyond Air

13/02/2024 10:07

** Medical device maker Beyond Air's  XAIR.O  shares fall
11.2% to $1.91 premarket
    ** Reports Q3 revenue of $391 mln vs est $446 mln - LSEG
    ** Posts Q3 loss of $0.50/shr vs est of loss of $0.53/shr
    ** Quarterly R&D expenses rise to $6.8 mln vs $5 mln a year
earlier
    ** Company reiterates FY 2025 revenue forecast of $12 mln to
$16 mln
    ** As of Monday's close, stock down ~65% in past 12 months

 (Reporting by Khushi Mandowara in Bengaluru)
 ((Khushi.Mandowara@thomsonreuters.com))