---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-081547"
form_type: "8-K"
ticker: "RFL"
cik: "0001713863"
company_name: "Rafael Holdings, Inc."
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T06:05:54.380127+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Rafael Holdings reports Q4 net income of $1.3M; full-year loss narrows to $8.7M

## Summary
- Q4 net income from continuing ops $1.3M ($0.06/share) vs loss of $4.6M ($0.24/share) a year ago.
- Full-year FY2023 net loss from continuing ops $8.7M ($0.36/share) vs $140.5M ($6.22/share) prior year which included large write-offs.
- Cash, cash equivalents and marketable securities of $79.2M as of July 31, 2023.
- Suspended Barer Institute activities; sold real estate for $33M net proceeds; invested in Cyclo Therapeutics (CYTH) and Day Three Labs.
- R&D expenses reduced to $1.3M in Q4 from $1.8M; G&A down to $1.4M from $3.0M.

## SEC filing metadata
- accession: 0001213900-23-081547
- form_type: 8-K
- ticker: RFL
- cik: 0001713863
- company_name: Rafael Holdings, Inc.
- filed_at: 2023-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1713863/000121390023081547/0001213900-23-081547-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1713863/000121390023081547/ea187457-8k_rafael.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-081547
- JSON: https://secwatch.observer/filing/0001213900-23-081547.json
- Plain text: https://secwatch.observer/filing/0001213900-23-081547.txt

## Key facts
- Earnings Releases
  Rafael Holdings, Inc. reported the twelve months ended July 31, 2023 results: net income a net loss from continuing operations of $8.7 million, or $0.36 per share, EPS $0.36 per share.
  - Period: the twelve months ended July 31, 2023
  - Net income: a net loss from continuing operations of $8.7 million, or $0.36 per share
  - EPS: $0.36 per share
  - Result: reported results
  source text: For the twelve months ended July 31, 2023, we incurred a net loss from continuing operations of $8.7 million, or $0.36 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1713863/000121390023081547/0001213900-23-081547-index.htm
- Earnings Releases
  Rafael Holdings, Inc. reported the three months ended July 31, 2023 results: net income $1.3 million, or $0.06 per share, EPS $0.06 per share.
  - Period: the three months ended July 31, 2023
  - Net income: $1.3 million, or $0.06 per share
  - EPS: $0.06 per share
  - Result: reported results
  source text: For the three months ended July 31, 2023, we incurred net income from continuing operations of $1.3 million, or $0.06 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1713863/000121390023081547/0001213900-23-081547-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.