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Rafael Holdings Q4 net loss narrows on lower costs

By Reuters News


Overview

  • US biotechnology firm's fiscal Q4 net loss narrowed year over year on lower administrative expenses

  • Fiscal Q4 revenue declined year over year

  • Quarterly research and development expenses were flat year over year


Outlook

  • Company has requested a rare pediatric disease priority review voucher with NDA submission


Result Drivers

  • ADMINISTRATIVE COSTS - Co said lower payroll, stock-based compensation and professional fees reduced administrative expenses

  • SETTLEMENT GAINS - Co cited gains from settlements of accounts payable and convertible notes payable as a factor in reduced annual net loss


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Net Loss attributab e to company

$9.20 mln

Q4 Operating Income

-$9.73 mln


Reuters Recommended Reads

  • Oct 28 - Viking Therapeutics posts bigger-than-expected Q3 loss as costs rise

  • Oct 27 - Kiniksa Pharmaceuticals Q3 ARCALYST revenue jumps 58%; raises guidance

  • Oct 29 - Ligand Pharmaceuticals Q3 royalty revenue jumps 51%


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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