NASDAQ : AZIO
Azio AI, Inc. — Financial statements
Technology · Software - Application · United States
Last price 0.735 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 12.10M
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Financial statements
Azio AI, Inc. (AZIO) reported revenue of 9.21M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 9.21M | 5.94M | 1.87M | 2.86M | 4.50M | 2.04M |
| Cost of Revenue | 21.19M | 19.14M | 1.38M | 1.86M | 2.77M | 1.28M |
| Gross Profit | -11.98M | -13.20M | 488.80K | 1.01M | 1.73M | 761.38K |
| Selling, General & Admin | 14.31M | 11.35M | 8.22M | 8.39M | 8.34M | 8.43M |
| Research & Development | 65.29K | 731.81K | 192.88K | 236.18K | 149.91K | 58.14K |
| Operating Expenses | 14.38M | 12.08M | 8.41M | 8.62M | 8.49M | 8.49M |
| Operating Income | -26.36M | -25.28M | -7.92M | -7.62M | -6.75M | -7.72M |
| Interest & Investment Income | 22.31K | 33.32K | 7.67K | 34.84K | 45.03K | 4.41K |
| Other Non Operating Income (Expenses) | -932.49K | -479.13K | -936.29K | -4.16K | -1.76K | 288.19K |
| EBT Excluding Unusual Items | -27.27M | -25.72M | -8.85M | -7.59M | -6.71M | -7.43M |
| Impairment of Goodwill | -10.10M | -5.10M | -37.09M | |||
| Asset Writedown | -3.30M | -3.30M | ||||
| Pretax Income | -30.57M | -39.13M | -8.85M | -12.68M | -43.80M | -7.43M |
| Income Tax Expense | 220.70K | |||||
| Net Income | -30.57M | -39.13M | -8.85M | -12.68M | -43.80M | -7.65M |
| Net Income to Common | -30.57M | -39.13M | -8.85M | -12.68M | -43.80M | -7.65M |
| Shares Outstanding (Basic) | 9.03M | 3.39M | 1.62M | 1.51M | 1.50M | 1.15M |
| Shares Outstanding (Diluted) | 9.03M | 3.39M | 1.62M | 1.51M | 1.50M | 1.15M |
| EPS (Basic) | -3.39 | -11.54 | -5.46 | -8.42 | -29.22 | -6.68 |
| EPS (Diluted) | -3.39 | -11.54 | -5.46 | -8.42 | -29.22 | -6.68 |
| Free Cash Flow | -13.65M | -5.76M | -3.94M | -4.75M | -7.60M | -12.96M |
| Free Cash Flow Per Share | -1.51 | -1.70 | -2.43 | -3.15 | -5.07 | -11.32 |
| Gross Margin | -130.01% | -222.23% | 26.14% | 35.12% | 38.45% | 37.27% |
| Operating Margin | -286.09% | -425.62% | -423.54% | -266.02% | -149.94% | -378.10% |
| Profit Margin | -331.80% | -658.81% | -473.19% | -443.05% | -972.43% | -374.58% |
| Free Cash Flow Margin | -148.12% | -97.06% | -210.42% | -165.85% | -168.73% | -634.64% |
| EBITDA | -25.78M | -24.32M | -7.73M | -7.49M | -6.66M | -7.65M |
| EBITDA Margin | -279.81% | -261.53% | -147.78% | |||
| D&A For EBITDA | 578.37K | 960.54K | 190.55K | 128.80K | 97.24K | 70.28K |
| EBIT | -26.36M | -25.28M | -7.92M | -7.62M | -6.75M | -7.72M |
| EBIT Margin | -286.09% | -266.02% | -149.94% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 141.96K | 358.97K | 1.94M | 456.72K | 2.77M | 4.85M |
| Short-Term Investments | 2.34M | 8.00M | ||||
| Cash & Short-Term Investments | 141.96K | 358.97K | 1.94M | 456.72K | 5.10M | 12.85M |
| Accounts Receivable | 1.02M | 692.10K | 2.07M | 1.43M | ||
| Other Receivables | 2.36M | 1.20M | 993.30K | |||
| Receivables | 2.36M | 1.20M | 2.01M | 692.10K | 2.07M | 1.43M |
| Inventory | 12.45M | 10.13M | 10.50M | 8.35M | ||
| Prepaid Expenses | 202.40K | 237.61K | 1.13M | 614.24K | 445.96K | 332.51K |
| Restricted Cash | 60.40K | 60.03K | ||||
| Other Current Assets | 1.42M | 1.69M | 101.79K | 162.12K | 156.46K | |
| Total Current Assets | 4.12M | 3.48M | 17.64M | 12.06M | 18.34M | 23.02M |
| Property, Plant & Equipment | 11.22M | 961.44K | 700.68K | 859.62K | 368.46K | 405.79K |
| Goodwill | 10.10M | 9.58M | 14.68M | 51.78M | ||
| Other Intangible Assets | 3.97M | |||||
| Other Long-Term Assets | 222.00K | 222.00K | 263.12K | 153.56K | 93.37K | 102.97K |
| Total Assets | 15.56M | 4.67M | 32.67M | 22.65M | 33.48M | 75.31M |
| Accounts Payable | 8.25M | 3.58M | 1.47M | 760.80K | 603.74K | 238.46K |
| Accrued Expenses | 2.03M | 2.26M | 2.07M | 452.24K | 652.53K | 1.15M |
| Current Portion of Long-Term Debt | 9.27M | 505.76K | 3.60M | 269.25K | 215.77K | 31.79K |
| Current Portion of Leases | 681.15K | 229.90K | 235.62K | 291.26K | 131.25K | |
| Current Unearned Revenue | 1.54M | 1.54M | 4.24M | |||
| Other Current Liabilities | 5.15M | 5.17M | 132.41K | |||
| Total Current Liabilities | 26.92M | 13.29M | 11.74M | 1.77M | 1.47M | 1.55M |
| Long-Term Debt | 4.17K | 10.42K | 16.67K | 13.24K | ||
| Long-Term Leases | 1.02M | 306.90K | 235.62K | 2.43K | ||
| Total Liabilities | 27.94M | 13.60M | 11.75M | 2.02M | 1.49M | 1.57M |
| Common Stock | 137.00 | 78.00 | 20.00 | 152.00 | 150.00 | 149.00 |
| Additional Paid-In Capital | 110.83M | 103.66M | 94.38M | 85.25M | 83.92M | 81.87M |
| Retained Earnings | -123.21M | -112.59M | -73.46M | -64.61M | -51.93M | -8.12M |
| Shareholders' Equity | -12.38M | -8.93M | 20.92M | 20.63M | 31.99M | 73.74M |
| Total Liabilities & Equity | 15.56M | 4.67M | 32.67M | 22.65M | 33.48M | 75.31M |
| Total Debt | 10.97M | 1.04M | 3.84M | 806.55K | 232.44K | 178.71K |
| Net Cash (Debt) | -10.83M | -683.60K | -1.90M | -349.83K | 4.87M | 12.67M |
| Net Cash Per Share | -1.20 | -0.20 | -1.17 | -0.23 | 3.25 | 11.06 |
| Filing Date Shares Outstanding | 16.47M | 12.93M | 2.31M | 1.55M | 1.51M | 1.50M |
| Total Common Shares Outstanding | 13.68M | 7.74M | 1.99M | 1.52M | 1.50M | 1.49M |
| Working Capital | -22.80M | -9.80M | 5.89M | 10.28M | 16.87M | 21.47M |
| Book Value Per Share | -0.91 | -1.15 | 10.53 | 13.60 | 21.30 | 49.46 |
| Tangible Book Value | -12.38M | -8.93M | 6.85M | 11.05M | 17.31M | 21.97M |
| Tangible Book Value Per Share | -0.91 | -1.15 | 3.45 | 7.28 | 11.53 | 14.73 |
| Machinery | 951.52K | 921.52K | 765.45K | 557.80K | 490.91K | 396.57K |
| Leasehold Improvements | 810.88K | 380.29K | 359.53K | 136.85K | 122.71K | 28.11K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -30.57M | -39.13M | -8.85M | -12.68M | -43.80M | -7.65M |
| Depreciation & Amortization | 578.37K | 960.54K | 190.55K | 128.80K | 97.24K | 70.28K |
| Asset Writedown & Restructuring Costs | 3.30M | 13.40M | 5.10M | 37.09M | ||
| Stock-Based Compensation | 1.76M | 639.82K | 1.89M | 1.32M | 1.61M | 3.41M |
| Provision & Write-off of Bad Debts | 853.23K | 853.23K | 10.09K | 20.93K | 245.22K | 303.88K |
| Other Operating Activities | 13.83M | 13.48M | 662.09K | 9.90K | -10.00K | -285.85K |
| Change in Accounts Receivable | -413.55K | 162.82K | -327.95K | 1.36M | -890.88K | -1.42M |
| Change in Inventory | -882.01K | -2.06M | -2.32M | 370.28K | -2.15M | -7.70M |
| Change in Accounts Payable | 1.88M | 2.11M | 709.30K | 111.84K | 365.28K | -235.31K |
| Change in Other Net Operating Assets | 3.05M | 4.00M | 4.53M | -451.97K | 4.96K | 565.51K |
| Operating Cash Flow | -8.93M | -5.59M | -3.50M | -4.71M | -7.43M | -12.94M |
| Capital Expenditures | -4.71M | -176.83K | -430.33K | -35.81K | -168.58K | -27.96K |
| Cash Acquisitions | -4.28M | 3.37M | ||||
| Investment in Securities | 2.34M | 5.68M | -8.02M | |||
| Investing Cash Flow | -4.71M | -176.83K | -4.71M | 2.31M | 5.51M | -4.68M |
| Short-Term Debt Issued | 300.00K | |||||
| Long-Term Debt Issued | 5.01M | 4.19M | 467.07K | |||
| Total Debt Issued | 10.90M | 5.01M | 4.49M | 467.07K | ||
| Short-Term Debt Repaid | -300.00K | |||||
| Long-Term Debt Repaid | -479.25K | -567.18K | -430.48K | -276.69K | -328.41K | |
| Total Debt Repaid | -436.41K | -479.25K | -867.18K | -430.48K | -276.69K | -328.41K |
| Net Debt Issued (Repaid) | 10.46M | 4.53M | 3.62M | 36.59K | -276.69K | -328.41K |
| Issuance of Common Stock | 3.15M | 426.34K | 6.08M | 120.00K | 21.11M | |
| Other Financing Activities | -770.00K | -770.00K | -188.01K | |||
| Financing Cash Flow | 12.85M | 4.18M | 9.70M | 36.59K | -156.69K | 20.59M |
| Net Cash Flow | -800.29K | -1.58M | 1.48M | -2.37M | -2.08M | 2.98M |
| Free Cash Flow | -13.65M | -5.76M | -3.94M | -4.75M | -7.60M | -12.96M |
| Free Cash Flow Margin | -148.12% | -97.06% | -210.42% | -165.85% | -168.73% | -634.64% |
| Free Cash Flow Per Share | -1.51 | -1.70 | -2.43 | -3.15 | -5.07 | -11.32 |
| Levered Free Cash Flow | -1.21M | 2.84M | -696.98K | -1.75M | -5.87M | -11.08M |
| Unlevered Free Cash Flow | -1.21M | 2.84M | -696.98K | -1.75M | -5.87M | -11.08M |
| Cash Interest Paid | 10.41K | 14.06K | 26.17K | 15.00K | 16.34K | 7.71K |
| Cash Income Tax Paid | 2.40K | |||||
| Change in Working Capital | 1.32M | 4.21M | 2.59M | 1.39M | -2.67M | -8.79M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 11.37M | 1.73M | 20.29M | 20.54M | 31.99M | 67.09M |
| Enterprise Value | 22.20M | 5.63M | 20.82M | 20.15M | 27.44M | 49.72M |
| Last Close Price | 0.69 | 0.36 | 12.10 | 13.60 | 21.30 | 45.00 |
| PS Ratio | 1.23 | 0.29 | 10.85 | 7.18 | 7.10 | 32.84 |
| PB Ratio | -0.19 | 0.97 | 1.00 | 1.00 | 0.91 | |
| P/TBV Ratio | 2.96 | 1.86 | 1.85 | 3.05 | ||
| EV/Sales Ratio | 2.41 | 0.95 | 11.14 | 7.04 | 6.09 | 24.34 |
| Debt / Equity Ratio | -0.89 | -0.12 | 0.18 | 0.04 | 0.01 | 0.00 |
| Net Debt / Equity Ratio | -0.87 | -0.08 | 0.09 | 0.02 | -0.15 | -0.17 |
| Net Debt / EBITDA Ratio | -0.42 | -0.03 | -0.24 | -0.05 | 0.73 | 1.66 |
| Net Debt / FCF Ratio | -0.79 | -0.12 | -0.48 | -0.07 | 0.64 | 0.98 |
| Asset Turnover | 0.48 | 0.32 | 0.07 | 0.10 | 0.08 | 0.05 |
| Inventory Turnover | 0.12 | 0.18 | 0.29 | |||
| Quick Ratio | 0.09 | 0.12 | 0.34 | 0.65 | 4.87 | 9.21 |
| Current Ratio | 0.15 | 0.26 | 1.50 | 6.80 | 12.46 | 14.85 |
| Return on Equity (ROE) | -652.42% | -42.59% | -48.20% | -82.86% | -20.89% | |
| Return on Assets (ROA) | -86.02% | -84.62% | -17.89% | -16.96% | -7.76% | -12.42% |
| Return on Capital Employed (ROCE) | 232.00% | 293.20% | -37.80% | -36.50% | -21.10% | -10.50% |
| Earnings Yield | -490.15% | -2,256.09% | -43.60% | -61.74% | -136.91% | -11.41% |
| FCF Yield | -119.98% | -332.38% | -19.39% | -23.11% | -23.76% | -19.33% |
| Buyback Yield / Dilution | -344.69% | -109.24% | -7.62% | -0.47% | -30.91% |