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Mittwoch, 30.07.2014 15:35 von | Aufrufe: 185

Tikcro Technologies Reports Second Quarter 2014 Results

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PR Newswire

TEL AVIV, Israel, July 30, 2014

TEL AVIV, Israel, July 30, 2014 /PRNewswire/ -- Tikcro Technologies Ltd. (OTC PK: TIKRF) today reported results for the second quarter ended June 30, 2014.

Net loss for the second quarter was $92,000, or $0.010 per diluted share.

Tikcro supports early stage development in growth areas, with a focus on biotechnology, having projects in several fields originated by researchers from Israeli universities.

About Tikcro Technologies:

Tikcro is seeking early stage growth opportunities.

For more information, visit Tikcro website at www.tikcro.com.  

Safe Harbor Statement
Certain of the statements contained herein may be considered forward-looking statements that involve risks and uncertainties including, but not limited to, risks related to our ability to raise financing and the risks related to early stage biotechnology projects, including, but not limited to, the development, testing, regulatory approval and commercialization, intellectual property rights, competition, exposure to lawsuits and dependence on key suppliers and personnel. Such risks and uncertainties are set forth in the Company's SEC reports, including the Company's Forms 20-F. Actual results may materially differ. Results of operations in any past period should not be considered indicative of the results to be expected for future periods.  We undertake no duty to update any forward-looking information. 


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Tikcro Technologies Ltd.

Condensed Balance Sheets
(US dollars in thousands)












June 30,
2014
Unaudited

December 31, 
2013

Audited

Assets




Current assets




Cash and  cash equivalents

$

9,015

$

9,120


Other receivables

9

14


Investment in BioCancell

380

397


     Total current assets

9,404

9,531














     Total assets

$

9,404

$

9,531







Liabilities and Shareholders' Equity









Current liabilities






Other current liabilities

$

121

$

128








Shareholders' equity

9,283

9,403








Total liabilities and shareholders' equity

$

9,404

$

9,531








 

Tikcro Technologies Ltd.
Statement of Operations
(US dollars in thousands, except per share data)












Three Months Ended
June  30, 


Six Months Ended 
June 30



2014

2013

2014

2013









Research and development expenses

$

9

$

-

 

$

 

22

 

$

 

18









General and administrative expenses, net

$

60

$

107

 

$

 

165

 

$

 

226









Total operating expenses

69

107

187

244









Operating loss

(69)

(107)

(187)

(244)










Financial income (expenses), net

(23)

(304)

53

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