---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-043226"
form_type: "8-K"
ticker: "RENX"
cik: "0001959023"
company_name: "RenX Enterprises Corp."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:43:17.822248+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-043226
- form_type: 8-K
- ticker: RENX
- cik: 0001959023
- company_name: RenX Enterprises Corp.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1959023/000121390024043226/0001213900-24-043226-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1959023/000121390024043226/ea0206155-8k_safegreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-043226
- JSON: https://secwatch.observer/filing/0001213900-24-043226.json
- Plain text: https://secwatch.observer/filing/0001213900-24-043226.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390024043226/0001213900-24-043226-index.htm

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