Safe and Green Development Q3 net loss $2.34M, revenue $81K; secures $10M Arena investment

RenX Enterprises Corp.

2024-Q3 EPS reported -$9.76 revenue$173,188

GAAP net loss of $2,342,002 on revenue of $81,210 for Q3 2024.
Adjusted EBITDA loss of $900,881; operating expenses cut by ~$135K post-quarter.
Secured up to $10M investment from Arena Investors; regained Nasdaq bid-price compliance.
Started construction on 6 homes in Sugar Phase 1; targets $1.2M JV revenue by Q1 2025.
Plans to sell St. Mary's property in Q4 2024 to generate near-term revenue.

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