Beyond Air Revises FY25 Revenue Guidance From $12M - $16M To Greater Than $10M; Est $13.195M
Portfolio Pulse from Benzinga Newsdesk
Beyond Air has revised its FY25 revenue guidance from $12M - $16M to greater than $10M, with an estimated $13.195M. As of March 31, 2024, the company reported cash, cash equivalents, and marketable securities of $34.5 million.
June 24, 2024 | 8:26 pm
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Beyond Air has revised its FY25 revenue guidance downward to greater than $10M from the previous range of $12M - $16M. The company has also reported $34.5M in cash and marketable securities as of March 31, 2024.
The downward revision in revenue guidance suggests potential challenges in achieving previously expected sales targets, which could negatively impact investor sentiment and short-term stock price. However, the company's strong cash position may provide some cushion.
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