Azitra, Inc. Announces Full Year 2025 Results and Provides Business Updates
FY 2025 and Recent Business Highlights
- Initiated Phase 1/2 Trial for ATR-04 program targeting oncology patients with EGFRi-associated rash; presented ATR-04 trial design and update at ASCO 2025
- Announced positive preclinical data for ATR-01 program, targeting the treatment of ichthyosis vulgaris
- Reported promising safety data from Phase 1b Trial of ATR12 in Netherton Syndrome
- Completed financings of
$8.5 million through private placements, follow-on financings and utilization of an equity line of credit.
"2025 was an exciting year for
"ATR-04 has previously been granted
Pipeline Achievements and Upcoming Milestones
ATR-12 - Advancing Phase 1b Clinical Trial in Netherton Syndrome
- In
June 2025 ,Azitra reported promising safety data with 50% of patients enrolled. - ATR12-351, a live precision dermatology therapeutic candidate has been generally safe and well-tolerated with occasional, transient, mild to moderate symptoms at application site to date.
- Topline data from the Phase 1b trial is anticipated H2 2026.
ATR-04 – Addressing an Unmet Need for Cancer Patients in a Multi-billion Dollar Market Opportunity
- Dosed first patient in Phase 1/2 Trial for ATR-04 program targeting oncology patients with EGFRi-associated rash in Q3 2025.
- Topline data from first cohort of Phase 1/2 trial expected around mid-2026.
ATR-01 – Targeting Ichthyosis Vulgaris Which Impacts 1.3 million in
- Announced positive preclinical data for ATR-01 program in Q3 2025, demonstrating delivery of active, functional filaggrin through human stratum corneum and repair of damaged model skin
- IND-enabling studies continue in 2026.
Financial Results for the Year Ended
-
Research and Development (R&D) expenses: R&D expenses for the year ended
December 31, 2025 , were$4.8 million compared to$4.7 million for the fiscal year 2024. -
General and Administrative (G&A) expenses: G&A expenses for the year ended
December 31, 2025 , were$6.2 million compared to$6.3 million for the fiscal year 2024. -
Net Loss was
$11.0 million for the year endedDecember 31, 2025 , compared to$9.0 million for the fiscal year 2024. -
Cash and cash equivalents: As of
December 31, 2025 ,Azitra had cash and cash equivalents of$2.1 million .
About
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements may be identified by words such as "aims," "anticipates," "believes," "could," "estimates," "expects," "forecasts," "goal," "intends," "may," "plans," "possible," "potential," "seeks," "will," and variations of these words or similar expressions that are intended to identify forward-looking statements. Any such statements in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These forward-looking statements include, without limitation, statements regarding the expected timing of (i) our provision of initial safety data and topline results for the Phase 1b trial for our ATR-12, (ii) the abstract detailing the Phase 1/2 clinical trial for our ATR-04 program, (iii) the initiation of dosing in the Phase 1/2 clinical trial for our ATR-04 program, and (iv) statements about our clinical and preclinical programs, and corporate and clinical/preclinical strategies.
Any forward-looking statements in this press release are based on current expectations, estimates and projections only as of the date of this release and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: the timing of clinical trials and their results; we may experience delays in the provision of initial safety data and topline results for ATR-12 and, if we do, such data and results may not be favorably received; the safety and efficacy of our product candidates; possible delays in regulatory approval or changes in regulatory framework that are out of our control; our estimation of addressable markets of our product candidates may be inaccurate; we may fail to timely raise additional required funding; more efficient competitors or more effective competing treatment may emerge; we may be involved in disputes surrounding the use of our intellectual property crucial to our success; we may not be able to attract and retain key employees and qualified personnel; earlier study results may not be predictive of later stage study outcomes; and we are dependent on third-parties for some or all aspects of our product manufacturing, research and preclinical and clinical testing. Additional risks concerning
Contact
Norman Staskey
Chief Financial Officer
staskey@azitrainc.com
Investor Relations
205-566-3026
jnugent@tiberend.com
Media Relations
646-577-8520
cmcdonald@tiberend.com
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Condensed Statement of Operations |
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Audited |
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2025 |
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2024 |
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Service revenue – related party |
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$ |
— |
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$ |
7,500 |
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Total revenue |
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— |
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— |
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Operating expenses: |
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General and administrative |
|
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6,130,657 |
|
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6,269,262 |
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Research and development |
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4,836,008 |
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|
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4,723,378 |
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Total operating expenses |
|
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10,966,665 |
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|
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10,992,640 |
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|
|
|
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|
|
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Loss from operations |
|
|
(10,966,665) |
|
|
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(10,985,140) |
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|
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Other income (expense): |
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Interest income |
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70,209 |
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|
|
122,553 |
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Interest expense |
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|
(7,587) |
|
|
|
(12,160) |
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Change in fair value of warrants |
|
|
381 |
|
|
|
4,034,072 |
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Loss on issuance of common stock |
|
|
— |
|
|
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(2,132,800) |
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Other income |
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|
(43,389) |
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|
|
15,014 |
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Total other income |
|
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19,614 |
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|
|
2,026,679 |
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|
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|
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Loss before income taxes |
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(10,947,051) |
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|
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(8,958,461) |
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|
|
|
|
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|
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Income tax expense |
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|
(8,319) |
|
|
|
(9,031) |
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|
|
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Net loss |
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$ |
(10,955,370) |
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|
$ |
(8,967,492) |
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Net loss attributable to common shareholders |
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$ |
(10,955,370) |
|
|
$ |
(8,967,492) |
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Net loss per Share, basic and diluted |
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$ |
(2.25) |
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|
$ |
(15.70) |
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Weighted average common stock outstanding, basic and diluted |
|
|
4,873,552 |
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|
|
571,162 |
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Condensed Balance Sheets |
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Audited |
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2025 |
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2024 |
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Assets |
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Current Assets: |
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Cash and cash equivalents |
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$ |
2,068,083 |
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$ |
4,554,719 |
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Other receivables |
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|
141,295 |
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|
101,896 |
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Prepaid expenses and other current assets |
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|
809,949 |
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|
|
571,675 |
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Total current assets |
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$ |
3,019,327 |
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|
$ |
5,228,290 |
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Property and equipment, net |
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|
548,591 |
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|
653,957 |
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Other assets |
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|
1,457,468 |
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|
|
1,476,555 |
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Total assets |
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$ |
5,025,386 |
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$ |
7,358,802 |
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Liabilities, and stockholders' equity |
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Current liabilities: |
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|
|
|
|
|
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Accounts payable |
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$ |
399,356 |
|
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$ |
490,255 |
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Current financing lease liability |
|
|
10,111 |
|
|
|
16,066 |
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Current operating lease liability |
|
|
255,776 |
|
|
|
255,177 |
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Insurance premium financing liability |
|
|
198,983 |
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|
|
— |
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Accrued expenses |
|
|
203,740 |
|
|
|
614,359 |
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Total current liabilities |
|
|
1,067,966 |
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|
|
1,375,857 |
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Long-term financing lease liability |
|
|
— |
|
|
|
10,105 |
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Long-term operating lease liability |
|
|
156,190 |
|
|
|
274,161 |
|
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Warrant liability |
|
|
— |
|
|
|
381 |
|
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Total liabilities |
|
|
1,224,156 |
|
|
|
1,660,504 |
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Stockholders' equity |
|
|
|
|
|
|
|
|
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Common stock |
|
|
1,074 |
|
|
|
114 |
|
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Additional paid-in capital |
|
|
72,321,352 |
|
|
|
63264009 |
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Accumulated deficit |
|
|
(68,521,196) |
|
|
|
(57,565,825) |
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Total stockholders' equity |
|
|
3,801,230 |
|
|
|
5,698,298 |
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Total liabilities and stockholders' equity |
|
$ |
5,025,386 |
|
|
$ |
7,358,802 |
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