Malachite Innovations posts Q1 2023 revenue of $3.0M, achieves positive adjusted EBITDA $171K

RANGE IMPACT, INC.

Revenue of $3,014,887 in Q1 2023 vs $0 in Q1 2022; gross profit of $649,002 vs $0.
Net loss of ($226,860) improved from ($447,974); operating loss improved to ($183,223) from ($443,671).
Adjusted EBITDA of $170,961 vs ($443,671); cash flow from operations $675,796 vs ($394,181).
Third consecutive quarter of record sales; environmental services segment revenue $2,988,487.
CEO Michael Cavanaugh highlights positive LTM adjusted EBITDA and cash flow from operations.

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