Azitra reports Q2 2023 net loss of $4.4M; highlights IPO and IND clearance

Azitra, Inc.

2023-Q2 EPS reported -$5.14 revenue$285,300

Net loss of $4.4M for Q2 2023 vs $1.9M in Q2 2022.
Cash and equivalents $6.3M as of June 30, 2023, including proceeds from $7.5M IPO.
R&D expense fell to $812,836 from $1.5M; G&A rose to $844,640 from $667,940.
Service revenue (related party) $172,000, up from $85,000.
IND cleared for ATR-12 Phase 1b in Netherton syndrome; COO and board appointments.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Azitra, Inc. reported second quarter ended June 30, 2023 results: revenue $172,000, net income $4.4 million.

Period: second quarter ended June 30, 2023
Revenue: $172,000
Net income: $4.4 million
Result: reported results

Exact text from the filing

had cash and cash equivalents of $6.3 million, which includes the proceeds from an initial public offering in June 2023. ● Service Revenue – Related Party: The Company generated $172,000 of service revenue during the three months ended June 30, 2023 compared to service revenue of $85,000 for the comparable period in 2022. The increase of $87,000 in service revenue

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Azitra, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-028459

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