PRF Technologies Ltd.

PRF Technologies Ltd. (PRFX) reported a net loss of $5.0 million for fiscal year 2025, driven by an operating loss of $5.1 million. Revenues were minimal at $17 thousand, while operating expenses were dominated by general and administrative costs of $3.0 million and research and development expenses of $1.1 million. The company's cash position decreased by $1.1 million during the year, ending with $4.1 million in total cash, cash equivalents, and restricted cash. Financing activities provided $3.8 million primarily from an at-the-market offering, which helped offset cash used in operations of $4.0 million. The company's balance sheet shows total assets of $12.0 million, with significant intangible assets of $7.4 million, and shareholders' equity of $8.5 million. The material weakness in internal control over financial reporting remains a concern for future compliance and accurate financial reporting.

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