secwatch.observer — SEC 8-K summary
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Issuer:     RANGE IMPACT, INC. (RNGE)
CIK:        0001438943
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001493152-24-032428
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Range Impact reports 2Q 2024 revenue $2.35M (-41% YoY), net loss of $1.23M vs profit in prior year
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- Consolidated revenue $2.35M down from $3.998M in 2Q 2023; gross profit margin -6.3% vs +21.1%.
- Net loss of $1.226M ($0.81 diluted EPS?) compared to net income of $36,762 in prior year.
- Adjusted EBITDA -$312,994 vs +$479,405; operating loss $1.004M vs income $153,693.
- CEO cites mining contractor failure and misalignment in Range Reclaim segment for revenue shortfall.
- Graphium Biosciences segment evaluating strategic alternatives; no revenue from Range Water or Range Land.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438943/000149315224032428/0001493152-24-032428-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438943/000149315224032428/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-032428

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