SG DevCo Q1 net loss $3.07M, revenue $49,816; targets $1M Q2 from St Mary's sale

RenX Enterprises Corp.

2024-Q1 EPS reported -$0.26 revenue$49,816

Revenue of $49,816; GAAP net loss of ($3,067,671); Adjusted EBITDA of ($432,004).
Executed contract to sell St Mary's property for $1.35M, expected to close in Q2, targeting ~$1M revenue.
Acquired XENE real estate AI software and securing financing for Norman Berry expansion in Atlanta.
Scheduled close of MyVONIA AI assistant acquisition in Q2 2024.
Targeting 200 XENE subscribers to build predictable revenue stream.

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 0.95

RenX Enterprises Corp. reported the three months ended March 31, 2024 results: revenue $49,816.

Period: the three months ended March 31, 2024
Revenue: $49,816
Result: reported results

Exact text from the filing

technological advancements will position us favorably for continued success in the real estate industry.” Financial Highlights from the first quarter of 2024: - Revenues were $49,816 - GAAP net loss totaled ($3,067,671) - Adjusted EBITDA* totaled ($432,004) “In our strategic outlook for the immediate future, our aim is to attain a revenue milestone of around

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Source: SEC EDGAR

accession 0001213900-24-043226

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