Net loss for the second quarter of 2016 was $0.8 million, or $0.01 per share, compared to $1.0 million, or $0.012 per share, in the first quarter of 2016, and $0.6 million, or $0.006 per share, in the second quarter of 2015. Balance Sheet Highlights: Cash and cash equivalents (including marketable securities) totaled $3.0 million as of June 30, 2016, compared to $3.1 million on December 31, 2015, and $4.3 million on June 30, 2015. The reason for the change compared to December 31, 2015, is primarily due to NIS 8 million ($2 million) raised through the private placement completed in March 2016, offset by cash used in operations during the period. However, the cash balance as of June 30, 2016 does not include the gross proceeds of $8.4 million raised through the U.S. IPO, which closed on August 3, 2016. * For the convenience of the reader, the amounts have been translated from NIS into U.S. dollars, at the representative rate of exchange on June 30, 2016 (U.S. $1 = NIS 3.846). About Cellect Biotechnology Ltd.
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