---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-026940"
form_type: "8-K"
ticker: "RENX"
cik: "0001959023"
company_name: "RenX Enterprises Corp."
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:43:09.728476+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-026940
- form_type: 8-K
- ticker: RENX
- cik: 0001959023
- company_name: RenX Enterprises Corp.
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1959023/000121390024026940/0001213900-24-026940-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1959023/000121390024026940/ea0202814-8k_safeand.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-026940
- JSON: https://secwatch.observer/filing/0001213900-24-026940.json
- Plain text: https://secwatch.observer/filing/0001213900-24-026940.txt

## Key facts
- Earnings Releases
  RenX Enterprises Corp. reported financial results for twelve months ended December 31, 2023.
  - Period: twelve months ended December 31, 2023
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390024026940/0001213900-24-026940-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.