Overview
Rafael Holdings Q4 net loss widens to $12.1 mln due to acquisition-related expenses
Company's Q4 revenue was $350,000
Research and development expenses rose significantly due to Cyclo acquisition
Outlook
Rafael Holdings continues Phase 3 trial for Trappsol® Cyclo™ in Niemann-Pick Disease Type C1
Result Drivers
ACQUISITION IMPACT - Consolidation of Cyclo Therapeutics' expenses contributed to increased R&D and administrative costs, widening net loss
FINANCIAL POSITION - $25 mln rights offering closed in June bolstered financial position for advancing Trappsol Cyclo program
R&D EXPENSES - R&D expenses rose to $7.5 mln in Q4 due to Cyclo acquisition and related activities
Key Details
Metric  | Beat/Miss  | Actual  | Consensus Estimate  | 
Q4 Revenue  | $350,000  | ||
Q4 Net Income  | -$12.05 mln  | ||
Q4 Operating Income  | -$12.76 mln  | 
Press Release: ID:nGNX6YltrT
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(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.)