Valuation for AZTR - findataslice

	Azitra, Inc. (AZTR)
	Q1-CY2026	Q4-CY2025	Q3-CY2025	Q2-CY2025	Q1-CY2025	Q4-CY2024	Q3-CY2024	Q2-CY2024	Q1-CY2024	Q4-CY2023	Q3-CY2023	Q2-CY2023	Q1-CY2023	Q4-CY2022	Q3-CY2022	Q2-CY2022	Q1-CY2022	Q4-CY2021	Q3-CY2021	Q2-CY2021	Q1-CY2021	Q4-CY2020	Q3-CY2020	Q2-CY2020	Q1-CY2020	Q4-CY2019	Q3-CY2019	Q2-CY2019	Q1-CY2019	Q4-CY2018	Q3-CY2018	Q2-CY2018	Q1-CY2018	Q4-CY2017	Q3-CY2017	Q2-CY2017	Q1-CY2017	Q4-CY2016	Q3-CY2016	Q2-CY2016	Q1-CY2016	Q4-CY2015	Q3-CY2015	Q2-CY2015	Q1-CY2015	Q4-CY2014	Q3-CY2014	Q2-CY2014	Q1-CY2014
Balance Sheet Date		2025-Dec-31	2025-Sep-30	2025-Jun-30	2025-Mar-31	2024-Dec-31	2024-Sep-30	2024-Jun-30	2024-Mar-31	2023-Dec-31
Fiscal Period		Q4-FY2025	Q3-FY2025	Q2-FY2025	Q1-FY2025	Q4-FY2024	Q3-FY2024	Q2-FY2024	Q1-FY2024	Q4-FY2023
Close Price of Common Stock	0.18$	0.27$	0.69$	0.27$	0.31$	0.42$	0.55$	0.10$	0.20$	0.97$	1.65$	4.23$
Market Cap of Common Stock	2,856,346$	2,752,272$	16,081,302$	4,374,472$	4,585,180$	3,229,635$	4,193,781$	2,765,246$	5,844,462$
QoQ%	3.78%	(82.89%)	267.62%	(4.60%)	41.97%	(22.99%)	51.66%	(52.69%)
YoY%	(37.71%)	(14.78%)	283.46%	58.20%	(21.55%)
Common Shares Outstanding	16,192,438	10,740,697	5,604,938	2,699,113	2,249,115	1,145,038	1,145,038	144,138	144,138	60,535	403,255	403,255	34,800	34,791
QoQ%	50.76%	91.63%	107.66%	20.01%	96.42%	.00%	694.40%	.00%	138.11%	(84.99%)	.00%	1,058.78%	.03%
YoY%	619.95%	838.02%	389.50%	1,772.59%	1,460.39%	1,791.53%	183.95%	(64.26%)	314.19%	74.00%
Price to Sales							6.11x	4.03x	8.52x
Price to Earnings	-	-	-	-	-	-	-	-	-
Price to Book	.75x	.72x	7.06x	1.99x	1.04x	.57x	.52x	1.60x	1.35x
Total Revenue						0$	0$	7,500$		90,000$	310,700$	172,000$	113,300$
QoQ%						.00%	(100.00%)			(71.03%)	80.64%	51.81%
YoY%						(100.00%)	(100.00%)	(95.64%)
TTM										686,000$
TTM_QoQ%
TTM_YoY%
Gross Margin								100.00%		100.00%	100.00%	100.00%	100.00%
QoQ										.00%	.00%	.00%
YoY								.00%
Operating Income		(2,226,591$)	(2,768,484$)	(2,871,352$)	(3,100,238$)	(2,434,156$)	(2,929,207$)	(2,660,280$)	(2,961,497$)	(2,470,477$)	(1,993,732$)	(1,427,590$)	(1,558,747$)
QoQ%		19.57%	3.58%	7.38%	(27.36%)	16.90%	(10.11%)	10.17%	(19.88%)	(23.91%)	(39.66%)	8.41%
YoY%		8.53%	5.49%	(7.93%)	(4.69%)	1.47%	(46.92%)	(86.35%)	(89.99%)
TTM		(10,966,665$)	(11,174,230$)	(11,334,953$)	(11,123,881$)	(10,985,140$)	(11,021,461$)	(10,085,986$)	(8,853,296$)	(7,450,546$)
TTM_QoQ%		1.86%	1.42%	(1.90%)	(1.26%)	.33%	(9.28%)	(13.92%)	(18.83%)
TTM_YoY%		.17%	(1.39%)	(12.38%)	(25.65%)	(47.44%)
Operating Margin								(35,470.40%)		(2,744.97%)	(641.69%)	(829.99%)	(1,375.77%)
QoQ										(2,103.28%)	188.30%	545.78%
YoY								(34,640.41%)
Net Income		(2,233,504$)	(2,764,528$)	(2,888,993$)	(3,068,345$)	(2,393,133$)	(1,009,491$)	(2,631,993$)	(2,932,875$)	(2,453,785$)	(1,943,289$)	(4,429,528$)	(2,457,180$)
QoQ%		19.21%	4.31%	5.85%	(28.22%)	(137.06%)	61.65%	10.26%	(19.53%)	(26.27%)	56.13%	(80.27%)
YoY%		6.67%	(173.85%)	(9.76%)	(4.62%)	2.47%	48.05%	40.58%	(19.36%)
TTM		(10,955,370$)	(11,114,999$)	(9,359,962$)	(9,102,962$)	(8,967,492$)	(9,028,144$)	(9,961,942$)	(11,759,477$)	(11,283,782$)
TTM_QoQ%		1.44%	(18.75%)	(2.82%)	(1.51%)	.67%	9.37%	15.29%	(4.22%)
TTM_YoY%		(22.17%)	(23.12%)	6.04%	22.59%	20.53%
Profit Margin								(35,093.24%)		(2,726.43%)	(625.46%)	(2,575.31%)	(2,168.74%)
QoQ										(2,100.97%)	1,949.85%	(406.57%)
YoY								(32,517.93%)
Equity to Common Shareholders		3,801,230$	2,279,176$	2,200,000$	4,407,625$	5,698,298$	8,058,253$	1,726,166$	4,324,216$	2,913,146$	5,332,086$	7,236,302$	(38,678,696$)	(36,260,310$)
QoQ		1,522,054$	79,176$	(2,207,625$)	(1,290,673$)	(2,359,955$)	6,332,087$	(2,598,050$)	1,411,070$	(2,418,940$)	(1,904,216$)	45,914,998$	(2,418,386$)
QoQ%		66.78%	3.60%	(50.09%)	(22.65%)	(29.29%)	366.83%	(60.08%)	48.44%	(45.37%)	(26.32%)	118.71%	(6.67%)
YoY		(1,897,068$)	(5,779,077$)	473,834$	83,409$	2,785,152$	2,726,167$	(5,510,136$)	43,002,912$	39,173,456$
YoY%		(33.29%)	(71.72%)	27.45%	1.93%	95.61%	51.13%	(76.15%)	111.18%	108.03%
Dividends Paid
Additional Paid-In Capital QoQ		3,755,045$	2,815,970$	710,041$	1,776,287$	33,827$	7,340,911$	36,727$	4,342,275$
Treasury Stock
QoQ
Goodwill
QoQ%
YoY%
Other Intangible Assets		316,673$	270,992$	258,665$	244,140$	246,420$	248,739$	221,630$	215,099$	210,881$				219,567$
QoQ		45,681$	12,327$	14,525$	(2,280$)	(2,319$)	27,109$	6,531$	4,218$
Amortization of Intangible Assets		3,770$	3,724$	3,127$	3,088$	3,089$	2,991$	2,571$	2,511$	2,253$	2,013$	1,780$	1,597$
Total Assets		5,025,386$	4,300,279$	3,956,022$	5,907,891$	7,358,802$	9,777,499$	3,882,554$	6,067,993$	5,115,486$				7,167,443$
QoQ		725,107$	344,257$	(1,951,869$)	(1,450,911$)	(2,418,697$)	5,894,945$	(2,185,439$)	952,507$
YoY		(2,333,416$)	(5,477,220$)	73,468$	(160,102$)	2,243,316$				(2,051,957$)
Total Liabilities		1,224,156$	2,021,103$	1,727,051$	1,500,267$	1,660,504$	1,719,246$	2,156,388$	1,743,777$	2,202,340$				9,733,211$
QoQ		(796,947$)	294,052$	226,784$	(160,237$)	(58,742$)	(437,142$)	412,611$	(458,563$)
YoY		(436,348$)	301,857$	(429,337$)	(243,510$)	(541,836$)				(7,530,871$)
Current Ratio		2.83x	1.23x	1.24x	3.02x	3.80x	5.58x	.77x	2.80x	1.58x				1.86x
Total Current Assets		3,019,327$	2,230,045$	1,799,690$	3,871,554$	5,228,290$	7,634,830$	1,335,805$	3,525,897$	2,535,579$				4,135,883$
QoQ		789,282$	430,355$	(2,071,864$)	(1,356,736$)	(2,406,540$)	6,299,025$	(2,190,092$)	990,318$
Total Current Liabilities		1,067,966$	1,806,103$	1,452,361$	1,280,421$	1,375,857$	1,367,967$	1,739,146$	1,257,868$	1,603,195$				2,222,032$
QoQ		(738,137$)	353,742$	171,940$	(95,436$)	7,890$	(371,179$)	481,278$	(345,327$)
Debt to Asset Ratio		.24x	.47x	.44x	.25x	.23x	.18x	.56x	.29x	.43x				1.36x
Long Term Debt
QoQ
YoY
Capital Lease Obligations		411,966$	485,416$	559,526$	451,412$	529,338$	613,395$	689,013$	767,244$	845,178$
Cash and Cash Equivalents		2,068,083$	1,401,878$	1,045,730$	3,206,710$	4,554,719$	7,260,234$	803,082$	3,001,158$	1,795,989$				3,492,656$
QoQ		666,205$	356,148$	(2,160,980$)	(1,348,009$)	(2,705,515$)	6,457,152$	(2,198,076$)	1,205,169$
YoY		(2,486,636$)	(5,858,356$)	242,648$	205,552$	2,758,730$				(1,696,667$)
Interest Expenses									915$				89,832$
Interest Income