secwatch.observer — SEC 8-K summary
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Issuer:     READING INTERNATIONAL INC (RDI)
CIK:        0000716634
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0000716634-24-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reading International Q1 revenue $45.1M, net loss $13.2M, plans asset sales for liquidity
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- Total revenue $45.1M (-2% YoY); operating loss improved to $7.5M from $7.9M.
- Net loss attributable to Reading $13.2M vs $11.1M (worsened 19%); basic loss per share $0.59 vs $0.50.
- Adjusted EBITDA loss widened to $4M from $2.8M (increase of 40%).
- Real estate segment revenue $4.9M (-3%), operating income $0.9M (-12%); cash $7.5M, total debt $195.7M.
- Company sold Culver City office for $10M in Q1; plans to monetize additional properties (Cannon Park, Williamsport) to raise liquidity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/716634/000071663424000020/0000716634-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/716634/000071663424000020/rdi-20240515x8k.htm
  HTML page:      https://secwatch.observer/filing/0000716634-24-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer