Rafael Holdings Q2 FY2023 net loss $3.3M ($0.13/share); cash $88.9M
Rafael Holdings, Inc.
- Net loss from continuing ops $3.3M for Q2 Jan 31 2023 vs $2.1M prior year; diluted EPS $0.13 loss.
- Cash, cash equivalents and marketable securities $88.9M as of Jan 31, 2023.
- R&D expenses $2.2M in Q2, down from $3.3M prior year due to winding down Barer Institute programs.
- Six-month net loss $8.5M ($0.36/share) vs $130.9M ($5.86/share) prior year, which included $79.1M impairment and other charges.
- G&A expenses $2.1M in Q2 vs credit of $1.7M prior year; includes $0.3M severance costs.