Rafael Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended July 31, 2023
October 30, 2023 at 04:14 pm
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Rafael Holdings, Inc. reported earnings results for the fourth quarter and full year ended July 31, 2023. For the fourth quarter, the company reported sales was USD 0.068 million compared to USD 0.069 million a year ago. Net income was USD 1.16 million compared to net loss of USD 4.78 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to basic loss per share from continuing operations of USD 0.24 a year ago. Basic earnings per share was USD 0.06 compared to basic loss per share of USD 0.24 a year ago.
For the full year, sales was USD 0.279 million compared to USD 0.29 million a year ago. Revenue was USD 0.279 million compared to USD 0.41 million a year ago. Net loss was USD 1.88 million compared to USD 124.66 million a year ago. Basic loss per share from continuing operations was USD 0.36. Basic loss per share was USD 0.08 compared to USD 6.31 a year ago.
Rafael Holdings, Inc. is a holding company with interests in clinical and early-stage pharmaceutical companies. The Company's segments include healthcare and real estate. The Company's investments include Cornerstone Pharmaceuticals, Inc., which is a cancer metabolism-based therapeutics company; LipoMedix Pharmaceuticals Ltd., which is a clinical-stage pharmaceutical company; Barer Institute Inc., which is a preclinical cancer metabolism research operation; Cyclo Therapeutics Inc., which is a clinical-stage biotechnology company dedicated to developing medicines for patients and families living with diseases through its therapeutic asset like Trappsol and Cyclo; Day Three Labs, Inc., which offers pharmaceutical-grade technology like Unlokt, and Rafael Medical Devices, LLC, which is an orthopedic-focused medical device company developing instruments to advance minimally invasive surgeries. Its real estate segment comprises of a portion of a commercial building in Israel.