Safe and Green Dev posts $3M FY2023 operating loss; expects Q2 2024 revenue

RenX Enterprises Corp.

FY2023 operating loss of $3.0M includes $940K in non-recurring IPO expenses.
Raised $4.5M in equity during 2023; no revenue recognized in FY2023.
Expects recurring revenue starting Q2 2024; guidance targeted by end of 2024.
Acquired XENE Real Estate AI Software; Norman Berry village expansion approved.
Signed $1.35M St Mary property sale contract; entered Lago Vista JV contribution agreement.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

RenX Enterprises Corp. reported financial results for twelve months ended December 31, 2023.

Period: twelve months ended December 31, 2023
Result: reported results

Exact text from the filing

Safe and Green Development Corp Reports Record Fiscal Year 2023 Financial Results and Provides a Business Update March 28, 2024 / March 08, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD)(“SG DevCo” or the “Company”), today reported financial results for the twelve months ended December 31, 2023.

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RenX Enterprises Corp. filing history →

Source: SEC EDGAR

accession 0001213900-24-026940

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