Rafael Holdings Q2 net loss widens on consolidation of Cyclo Therapeutic's costs

Reuters
03/17
Rafael Holdings <a href="https://laohu8.com/S/QTWO">Q2</a> net loss widens on consolidation of Cyclo Therapeutic's costs 

Overview

  • U.S. biotechnology firm's fiscal Q2 revenue rose yr/yr but remains modest

  • Net loss widened to $6.4 mln due to consolidation of Cyclo Therapeutic’s expenses after Cyclo acquisition

  • Company expects top-line results from pivotal Phase 3 trial in Q3 calendar 2026

Outlook

  • Company expects to complete 96-week Phase 3 Trappsol Cyclo trial and report top-line results in Q3 2026

Result Drivers

  • CYLO ACQUISITION IMPACT - Higher net loss and R&D expenses driven by consolidation of Cyclo Therapeutic's costs after March 2025 acquisition

  • LOWER ADMIN COSTS - General and administrative expenses fell due to reduced payroll and professional fees, partly offset by Cyclo expenses

Company press release: ID:nGNX8L5Qhc

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Product Revenue

$125,000

Q2 Net Income

-$6.33 mln

Q2 Operating Income

-$6.66 mln

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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