secwatch.observer — SEC 8-K summary
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Issuer:     Royalty Management Holding Corp (RMCO)
CIK:        0001843656
Form:       8-K
Filed at:   2024-05-28T23:59:59+00:00
Accession:  0001654954-24-006937
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Royalty Management Q1 2024 net income $135K vs loss $274K YoY; revenue up 160% to $162K
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- Net income of $135,180 ($0.01 per share) vs net loss of $274,345 (-$0.38) in Q1 2023.
- Total revenues $162,100, up 160% YoY from $62,292, driven by environmental services segment.
- RMC Environmental Services reached record monthly revenue run rate of ~$1M in March 2024.
- Board authorized stock buyback of up to $2M over 24 months; buyback commenced.
- Ferrox Holdings Tivani project targeting 50,000 tons production and ~$8M annual revenue in 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1843656/000165495424006937/0001654954-24-006937-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1843656/000165495424006937/amao_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-006937

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