Elron Ventures Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 01:13 pm EDT
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Elron Ventures Ltd reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported negative revenue was USD 0.48 million compared to USD 0.228 million a year ago. Net loss was USD 5.56 million compared to USD 6.29 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to USD 0.12 a year ago. Diluted loss per share from continuing operations was USD 0.11 compared to USD 0.12 a year ago.
For the six months, revenue was USD 12.56 million compared to USD 2.65 million a year ago. Net loss was USD 0.236 million compared to USD 8.26 million a year ago.
Elron Electronic Industries Ltd. is an operational holding company that focuses on building and enhancing technology companies, mainly in the field of medical devices. Its group companies include companies at different stages of development and business maturation, operating in various technology fields, such as medical device and other fields. It is involved in the management of its group companies by means of membership and providing assistance to management. It operates in the Holdings and Corporate Operations segment. It is engaged in matters of policy guidance, strategic planning, marketing, selecting and manning senior management positions, determining the business plan, approving investments and budgets, development and operational guidance, assistance in creating strategic partnerships, and the overall ongoing monitoring of its group companies' performance. Its main group companies include BrainsGate Ltd, Pocared Diagnostics Ltd. and RDC Rafael Development Corporation Ltd.
ELRON VENTURES LTD 
