Rafael Holdings reports Q1 FY2023 net loss of $5.2M; cash $93.8M after real estate sale

Rafael Holdings, Inc.

2023-Q1 EPS reported $0.07 revenue$70,000

Net loss from continuing ops $5.2M ($0.22/share) vs $128.9M loss ($5.88) in Q1 FY2022.
Cash, equivalents and marketable securities $93.8M includes $33M net proceeds from Newark real estate sale.
R&D expense $2.1M (flat); G&A fell to $3.1M from $12.3M on lower stock comp and professional fees.
Prior-year loss included $25M write-off of receivable and $79.1M impairment of Cornerstone investment.
CEO says focus on acquiring/in-licensing clinical-stage assets to generate shareholder value.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Rafael Holdings, Inc. reported the fiscal quarter ended October 31, 2022 results: net income $5.2 million, EPS $0.22 per share.

Period: the fiscal quarter ended October 31, 2022
Net income: $5.2 million
EPS: $0.22 per share
Result: reported results

Exact text from the filing

For the three months ended October 31, 2022, we incurred a net loss from continuing operations of $5.2 million, or $0.22 per share

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Source: SEC EDGAR

accession 0001213900-22-079285

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