What caused AZ's EPS drop in Q2 2023?

The drop in AZ's EPS in Q2 2023 can be attributed to several factors:

1. **Capital Raise Impact**: AZ recently closed a $5.8 million registered direct offering in Q2 2023. Such a significant capital raise can dilute existing shares and impact earnings per share, as the company may need to account for additional expenses related to the offering, such as legal and financial fees.
2. **New Business Development Costs**: AZ has been transforming into a software, digital, and data platform company. The establishment of a Big Data team and the development of new tools for data analysis may have incurred significant costs, which could impact short-term profitability and thus EPS.

In conclusion, the drop in AZ's EPS in Q2 2023 is likely a result of a combination of capital raise impact and new business development costs.