secwatch.observer — SEC 8-K summary
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Issuer:     Rafael Holdings, Inc. (RFL)
CIK:        0001713863
Form:       8-K
Filed at:   2022-12-13T23:59:59+00:00
Accession:  0001213900-22-079285
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1713863/000121390022079285/0001213900-22-079285-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1713863/000121390022079285/ea170030-8k_rafaelhold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-079285

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer