RenX Reports Q2 Revenue of $4.26M, Raises $12M in Convertible Notes
RenX reported a 31.9% gross margin and $258K in logistics segment operating income. It reduced related-party debt to $0.5M and targets Q4 2026 commissioning of its Microtec UTM 1200 mill.
RenX said Q2 revenue was $4.26M with 31.9% gross margin and logistics segment operating income of $258K. It cut related-party debt to $0.5M, raised ~$12.0M in senior convertible notes, and targets Q4 2026 commissioning of its Microtec UTM 1200 mill.Material DetailsContext by AI AnalystThis is a str…