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.