Here's a summary of the financial information provided by Azitra, Inc.:

Here's a summary of the financial information provided by Azitra, Inc.:

Financial Highlights:

  • Net loss for three months ended September 30, 2024: ($1,009,491)
  • Weighted average common stock outstanding (basic and diluted): 5,814,350
  • Net loss per Share, basic and diluted: $(0.17)

Business Segments:

  • Service revenue - related party: $0 (three months ended September 30, 2024; three months ended September 30, 2033: $310,700)
  • Total revenue: $31,070,000 (three months ended September 30, 2024)
  • Operating expenses:
  • General and administrative: $1,913,400
  • Research and development: $1,015,807

Operational Metrics:

  • Total operating expenses: $2,929,207
  • Loss from operations: $(2,929,207)
  • Other income (expense): $1,919,716

Financial Position:

  • Total assets: $9,777,499 (September 30, 2024); $5,115,486 (December 31, 2023)
  • Current liabilities: $1,367,967; Long-term financing lease liability: $14,266
  • Stockholders' equity: $8,058,253 (September 30, 2024) or 2,913,146 (December 31, 2023)

Risks and Uncertainties:

  • There are risks to the financial future of Azitra, Inc., as discussed in the prospectus dated July 23, 2024 filed with the SEC on July 25, 2024, including:
  • Dependence on regulatory approvals
  • Risk of failure to successful development and commercialization
  • Impact of competition
  • Changes in market demand
  • Fluctuations in currency exchange rates

Overall, Azitra, Inc. reports a continued loss during the three-month period ended September 30, 2024, with total revenues at $31,070,000. The company maintains significant liquidity and a substantial equity position.

If you are considering investing in Azitra, Inc., I would suggest carefully reviewing their risk profile and conducting additional research to understand this investment's implications for your financial goals.