Summary by Moomoo AI
Avalon Holdings Corporation reported a slight increase in net operating revenues to $18.9 million for the first quarter of 2024 compared to $18.4 million for the same period in 2023. The waste management services segment saw a marginal decrease in revenues from $12.7 million to $12.5 million, attributed to a decrease in event work projects, while the golf and related operations segment experienced an increase from $5.8 million to $6.4 million due to higher membership dues rates and increased business at The Grand Resort and country clubs. Operating costs for waste management services decreased to $9.9 million, and golf and related operations costs remained steady at $5.9 million. The company's net loss attributable to common shareholders improved to $1.0 million, or $0.25 per share, in Q1 2024 from a net loss of $1.7 million...Show More