Beyond Air Reiterates FY25 Revenue Guidance Of $12M-$16M Vs $13.82M Est.
Portfolio Pulse from Benzinga Newsdesk
Beyond Air reported a solid sequential revenue growth of over 60% in Q3 FY2024 compared to Q2, driven by increasing demand for its LungFit PH system. The company is preparing for a key software update and expects to meet accelerating demand with an upgraded inventory. Beyond Air reiterates its FY2025 revenue guidance of $12M-$16M, expressing confidence in achieving these targets.
February 12, 2024 | 9:32 pm
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POSITIVE IMPACT
Beyond Air reported over 60% sequential revenue growth in Q3 FY2024, driven by demand for LungFit PH. The company is optimistic about meeting future demand and has reiterated its FY2025 revenue guidance of $12M-$16M.
The significant sequential revenue growth and the reiteration of FY2025 revenue guidance suggest a strong demand for Beyond Air's LungFit PH system and a positive outlook for the company's financial performance. This news is likely to be viewed positively by investors, potentially leading to an increase in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100