Range Impact Q1 2024 revenue rises to $3.9M, net loss widens to $751K

RANGE IMPACT, INC.

2024-Q1 EPS reported -$0.01 revenue$3,909,893

Consolidated revenue $3,909,893 in Q1 2024, up 30% YoY from $3,014,887.
Net loss of $751,149 vs $226,860 loss in Q1 2023; gross margin fell from 21.5% to 12.3%.
Consolidated Adjusted EBITDA dropped to $67,034 from $170,961; Range Reclaim segment EBITDA swung to -$318,489.
Range Minerals segment contributed $1,982,115 revenue and $699,267 Adjusted EBITDA in its first quarter.
Graphium Biosciences pre-revenue with $131,640 Adjusted EBITDA loss; company engaged banker for potential divestiture.

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