secwatch.observer — SEC 8-K summary
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Issuer:     Rafael Holdings, Inc. (RFL)
CIK:        0001713863
Form:       8-K
Filed at:   2026-03-16T23:59:59+00:00
Accession:  0001213900-26-028311
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rafael Holdings Q2 net loss $6.4M; Phase 3 trial on track for Q3 2026 top-line
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- Net loss of $6.4M ($0.13 per share) vs $4.6M ($0.19) YoY; increase due to Cyclo consolidation.
- Cash and cash equivalents $37.8M as of Jan 31, 2026.
- R&D expenses $4.5M (up from $0.9M YoY) driven by Cyclo acquisition and Phase 3 trial costs.
- Phase 3 TransportNPC study of Trappsol Cyclo continued after DMC review; top-line results expected Q3 calendar 2026.
- G&A expenses $2.3M, down from $2.6M YoY, offset by Cyclo costs and lower payroll.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1713863/000121390026028311/0001213900-26-028311-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1713863/000121390026028311/ea0281582-8k_rafael.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-028311

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