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RFL — Rafael Holdings News Story

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Rafael Holdings Q4 net loss widens on Cyclo acquisition-related expenses

Overview

Rafael Holdings Q4 net loss widens to $12.1 mln due to acquisition-related expenses

Company's Q4 revenue was $350,000

Research and development expenses rose significantly due to Cyclo acquisition

Outlook

Rafael Holdings continues Phase 3 trial for Trappsol® Cyclo™ in Niemann-Pick Disease Type C1

Result Drivers

ACQUISITION IMPACT - Consolidation of Cyclo Therapeutics' expenses contributed to increased R&D and administrative costs, widening net loss

FINANCIAL POSITION - $25 mln rights offering closed in June bolstered financial position for advancing Trappsol Cyclo program

R&D EXPENSES - R&D expenses rose to $7.5 mln in Q4 due to Cyclo acquisition and related activities

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Revenue$350,000
Q4 Net Income-$12.05 mln
Q4 Operating Income-$12.76 mln
Press Release: ID:nGNX6YltrT 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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