RiskOn International, Inc. (ROI)·Q1 2018 Earnings Summary

Executive Summary

• We did not find a Q1 2018 (quarter ended June 30, 2017) earnings press release (Item 2.02) or an earnings call transcript for RiskOn International (then Ecoark Holdings) in SEC filings; the company appears not to have furnished an Item 2.02 press release or hosted a transcripted call for that period .
• Ecoark’s FY2018 10-K (filed June 28, 2018) shows the company was in strategic transition, including a May 2018 plan to sell Magnolia Solar and key Pioneer assets, indicating a focus shift away from non-core operations .
• No Wall Street consensus estimates were available for Q1 2018; later coverage indicated zero analyst coverage for the issuer, limiting estimate context .
• Given the absence of earnings materials for Q1 2018, we benchmark narrative and strategic context from contemporaneous SEC filings and corporate prospectus supplements .

What Went Well and What Went Wrong

What Went Well

• Management executed strategic portfolio rationalization, approving the sale of Magnolia Solar and key Pioneer assets in May 2018 to streamline operations .
• The August 10, 2018 prospectus supplement described capital markets activity (common stock and warrants offering), supporting liquidity for ongoing operations .
• Strategic focus articulated around Zest Labs and data-driven solutions, aiming to reduce food waste and improve margins in perishables (context for medium-term thesis) .

What Went Wrong

• The company restated prior-period warrants accounting (10-Q/A for quarter ended June 30, 2017), highlighting control/process challenges and complicating comparability for investors .
• Liquidity constraints were evident; as of June 30, 2018, cash was limited and management acknowledged the need for additional financing to support operations (prospectus supplement risk disclosures) .
• No evidentiary Q1 2018 earnings release or call transcript was found, reducing transparency and hindering near-term estimate anchoring for the quarter .

Financial Results

Note: No Q1 2018 (quarter ended June 30, 2017) Item 2.02 press release or earnings call transcript was found. Where available, we rely on SEC filings; however, the 10-Q/A restatement limits direct extraction of comparable quarterly figures. Quantitative cells not available are marked n/a.

Source context: Q1 2018 10-Q/A restatement and narrative (no furnished Item 2.02; no transcript) . FY2018 10-K strategic disclosures .

Segment breakdown and KPIs: Not disclosed via Q1 2018 press release or transcript; strategic focus on Zest Labs per 10-K narrative .

Guidance Changes

No Q1 2018 formal guidance ranges (revenue, margins, OpEx, OI&E, tax rate, segment-specific) were located in press releases or transcripts for the period.

Context: No Item 2.02 or call transcript found for Q1 2018 .

Earnings Call Themes & Trends

No call transcript for Q1 2018 was found. The narrative below reflects themes drawn from contemporaneous SEC filings and corporate disclosures.

Management Commentary

• “In May 2018 the Ecoark Holdings Board approved a plan to sell Magnolia Solar, and the sale was completed in May 2019,” reflecting a decisive focus on core operations .
• Prospectus supplement highlights: repricing of warrants and combined common stock/warrant offering (Aug 10, 2018), evidencing efforts to access capital markets during strategic reorientation .

Q&A Highlights

No Q1 2018 earnings call transcript was located, so Q&A highlights and tone shifts cannot be assessed for this period .

Estimates Context

• No Wall Street consensus estimates for Q1 2018 were available; later third-party coverage notes zero analyst coverage, underscoring limited external estimate visibility .
• Without an Item 2.02 press release or transcript for Q1 2018, there is no basis to quantify beats/misses versus consensus for that quarter .

Key Takeaways for Investors

• Transparency gap: The absence of a Q1 2018 earnings release and call transcript reduces near-term precision; investors should rely on SEC filings for narrative and strategic signals .
• Strategy over near-term prints: FY2018 10-K and subsequent prospectus disclosures point to portfolio rationalization (Magnolia Solar, Pioneer) and capital formation—key drivers likely outweighing quarterly noise during this phase .
• Process risks: Restatements tied to warrants (10-Q/A) highlight internal control/process challenges; monitor subsequent filings for remediation and governance improvements .
• Liquidity watch: Prospectus risk disclosures make clear financing needs as of mid-2018; capital access is a catalyst and risk factor for execution .
• Medium-term thesis: Focus on Zest Labs and data-driven perishables supply chain solutions suggests potentially higher-quality revenue mix if commercialization scales, but execution and funding remain gating factors .
• Trading implications: In the absence of Q1 2018 numerics and consensus anchors, price action is likely more sensitive to corporate actions (financing, asset sales) and legal developments than to quarterly EPS beats/misses .

Notes on methodology and data availability:

• We searched SEC filings for Q1 2018 Item 2.02 releases and earnings transcripts tied to RiskOn/Ecoark and found none for the quarter ended June 30, 2017; we instead relied on the Q1 2018 10-Q/A restatement and the FY2018 10-K, plus the August 10, 2018 prospectus supplement for context .
• Analyst estimates were not available for the period; subsequent sources indicate zero coverage, thus no S&P Global consensus comparables could be cited .