secwatch.observer — SEC 8-K summary
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Issuer:     RANGE IMPACT, INC. (RNGE)
CIK:        0001438943
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001493152-24-020000
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438943/000149315224020000/0001493152-24-020000-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438943/000149315224020000/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-020000

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer