Malachite Innovations, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 04:11 pm EST
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Malachite Innovations, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 5.46 million compared to USD 1.55 million a year ago. Net income was USD 3.4 million compared to net loss of USD 0.119616 million a year ago. Basic earnings per share from continuing operations was USD 0.04.
For the nine months, sales was USD 12.47 million compared to USD 2.19 million a year ago. Net income was USD 3.21 million compared to net loss of USD 1.01 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to basic loss per share from continuing operations of USD 0.02 a year ago.
Range Impact, Inc. is focused on improving the health and wellness of people and the planet through innovative approach to impact investing. It owns and operates various complementary operating businesses focused on developing long-term solutions to environmental, social and health challenges, with a particular focus on acquiring, reclaiming and repurposing mine sites and other undervalued land. Its segments include Range Reclaim, Range Water, Range Security, Drug Development and Range Land. Range Reclaim segment provides land reclamation, water restoration and environmental consulting services to mining and non-mining companies throughout Appalachia. Range Water segment operates biochar product development and water solutions business. Range Security segment offers security services on mine land being reclaimed and repurposed for non-fossil fuel uses. Range Land is focused on acquiring former mine lands with the goal of reclaiming and repurposing the sites for non-fossil fuel uses.
RANGE IMPACT, INC. 
