Beyond Historical Income Statement
| XAIR Stock | USD 0.52 0.05 8.77% |
Historical analysis of Beyond Air income statement accounts such as Depreciation And Amortization of 2.5 M, Selling General Administrative of 39.2 M, Other Operating Expenses of 67.4 M or Research Development of 25.6 M can show how well Beyond Air performed in making a profits. Evaluating Beyond Air income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Beyond Air's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Beyond Air latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Beyond Air is a good buy for the upcoming year.
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About Beyond Income Statement Analysis
Beyond Air Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Beyond Air shareholders. The income statement also shows Beyond investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Beyond Air Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Beyond Air. It is also known as Beyond Air overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Cost Of Revenue
Cost of Revenue is found on Beyond Air income statement and represents the costs associated with goods and services Beyond Air provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Beyond Air's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Beyond Air current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Beyond Air. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Beyond Stock, please use our How to Invest in Beyond Air guide.At this time, Beyond Air's Reconciled Depreciation is relatively stable compared to the past year. As of 11/30/2024, Minority Interest is likely to grow to about 4.3 M, though EBIT is likely to grow to (58.3 M).
| 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 1.2M | 2.4M | 2.5M | Cost Of Revenue | 555K | 2.5M | 4.8M |
Beyond Air income statement Correlations
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Beyond Air Account Relationship Matchups
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Beyond Air income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 159.4K | 249.3K | 588K | 1.2M | 2.4M | 2.5M | |
| Selling General Administrative | 8.9M | 10.5M | 18.4M | 34.7M | 37.3M | 39.2M | |
| Other Operating Expenses | 19.5M | 23.1M | 30.2M | 52.1M | 64.2M | 67.4M | |
| Operating Income | (18.1M) | (22.2M) | (40.7M) | (51.5M) | (63.0M) | (59.9M) | |
| Ebit | (18.1M) | (22.3M) | (43.3M) | (59.4M) | (61.4M) | (58.3M) | |
| Research Development | 10.6M | 12.6M | 11.8M | 16.8M | 24.4M | 25.6M | |
| Ebitda | (18.0M) | (22.0M) | (42.7M) | (58.2M) | (59.0M) | (56.1M) | |
| Total Operating Expenses | 19.5M | 23.1M | 30.2M | 51.5M | 61.7M | 64.8M | |
| Income Before Tax | (20.1M) | (22.9M) | (44.1M) | (59.4M) | (64.3M) | (61.1M) | |
| Total Other Income Expense Net | (1.9M) | (661K) | (3.4M) | (7.3M) | (1.3M) | (1.4M) | |
| Net Income | (19.9M) | (22.9M) | (43.2M) | (55.8M) | (60.2M) | (57.2M) | |
| Income Tax Expense | (154.3K) | 642K | (108K) | (3.6M) | (4.1M) | (3.9M) | |
| Net Interest Income | (30.5K) | (641.6K) | (775K) | (30K) | (2.9M) | (2.8M) | |
| Interest Expense | 30.5K | 642K | 775K | 30K | 2.9M | 3.1M | |
| Net Income From Continuing Ops | (19.9M) | (22.9M) | (44.1M) | (59.4M) | (64.3M) | (61.1M) | |
| Total Revenue | 1.4M | 873K | 145.2K | 59K | 1.2M | 1.1M | |
| Net Income Applicable To Common Shares | (20.5M) | (22.5M) | (43.2M) | (55.8M) | (50.2M) | (47.7M) | |
| Gross Profit | 1.4M | 873K | (588K) | (555K) | (1.3M) | (1.2M) | |
| Cost Of Revenue | 3.1M | 18.1M | 588K | 555K | 2.5M | 4.8M | |
| Reconciled Depreciation | 159.4K | 211.0K | 352K | 1.2M | 2.4M | 2.5M |
Pair Trading with Beyond Air
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Beyond Air position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Beyond Air will appreciate offsetting losses from the drop in the long position's value.Moving together with Beyond Stock
Moving against Beyond Stock
| 0.75 | EKSO | Ekso Bionics Holdings | PairCorr |
| 0.63 | DRIO | DarioHealth Corp | PairCorr |
| 0.6 | VERO | Venus Concept | PairCorr |
| 0.47 | CI | Cigna Corp | PairCorr |
The ability to find closely correlated positions to Beyond Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beyond Air when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Beyond Air - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Beyond Air to buy it.
The correlation of Beyond Air is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Beyond Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beyond Air moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Beyond Air can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Beyond Stock Analysis
When running Beyond Air's price analysis, check to measure Beyond Air's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Beyond Air is operating at the current time. Most of Beyond Air's value examination focuses on studying past and present price action to predict the probability of Beyond Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Beyond Air's price. Additionally, you may evaluate how the addition of Beyond Air to your portfolios can decrease your overall portfolio volatility.