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RFL — Rafael Holdings News Story

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Rafael Holdings' Q1 net loss widens as expenses rise after Cyclo acquisition

Overview

Biotechnology firm's fiscal Q1 revenue rose yr/yr

Net loss increased due to Cyclo acquisition expenses

R&D expenses rose significantly after Cyclo acquisition

Outlook

Company did not provide specific financial guidance for the current quarter or fiscal year in press release

Result Drivers

INCREASED R&D EXPENSES - R&D expenses rose to $7.5 mln from $1.3 mln due to Cyclo acquisition

ACQUISITION IMPACT - Net loss increased due to Cyclo Therapeutic's expenses post-acquisition

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Revenue$240,000
Q1 Net Income-$9.80 mln
Q1 Operating Income-$10.14 mln
Press Release: ID:nGNX53ryVN For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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