Rafael Holdings Reports First Quarter Fiscal 2023 Financial Results
Rafael Holdings, Inc. (NYSE: RFL), today reported its first quarter fiscal 2023 financial results for the three months ended October 31, 2022
NEWARK, N.J., Dec. 13, 2022 (GLOBE NEWSWIRE) -- Rafael Holdings, Inc. (NYSE: RFL), today reported its first quarter fiscal 2023 financial results for the three months ended October 31, 2022.
“We are pleased to have successfully completed the sale of our real estate asset located in Newark NJ during the first quarter of fiscal 2023, and believe that our strong balance sheet provides us the opportunity to focus on strategic business development efforts. Our goal is to acquire, in-license or invest in clinical stage assets with the potential to achieve meaningful milestones, which, if successful, could improve the lives of patients and generate value for our shareholders,” said Bill Conkling, CEO of Rafael Holdings.
Rafael Holdings, Inc. First Quarter Fiscal Year 2023 Financial Results
As of October 31, 2022, we had cash, cash equivalents and marketable securities of $93.8 million, which includes $33 million in net proceeds from the sale of real estate assets on August 22, 2022.
