Safe & Green Holdings Corp Stock Price, News & Analysis

SG Blocks reported Q1 2022 revenue of $8.6 million, a 6.5% decline from $9.2 million in Q1 2021. However, gross profit surged to $2.5 million, up from $0.6 million, with a gross margin of 28.9%. The company ended Q1 with $13.1 million in cash and reported a net income of $0.5 million, compared to a loss of $1.1 million in the previous year. A substantial construction pipeline of $750 million is noted, including 4,200 residential units. Positive cash flow is projected for 2022, with plans for significant project launches ahead.

SG Blocks, Inc. (NASDAQ: SGBX) will host a conference call on May 23, 2022, at 4:30 p.m. ET to discuss its first quarter 2022 financial results. The call will allow investors to gain insights into SG Blocks' performance for the three months ended March 31, 2022. Interested parties can access the call via toll-free and international numbers provided, and a replay will be available after 7:30 p.m. ET through June 6, 2022. More details are available on their website.

SG Blocks reported $8.5 million in revenue for Q4 2021, marking a 15% increase year-over-year. The total revenue for 2021 reached $38.3 million, representing a 338% growth compared to 2020. Despite revenue growth, gross profit dropped to $0.2 million from $1.6 million in Q4 2020 due to increased costs and losses from projects. SG Blocks ended 2021 with $13 million in cash and a construction pipeline valued at $750 million. The company aims for positive cash flow in 2022, with projects in the pipeline potentially generating $40-50 million in cash.

SG Blocks, Inc. (NASDAQ: SGBX) has announced a conference call scheduled for April 18, 2022, at 4:30 p.m. ET to discuss its fourth quarter and full-year results for 2021. This will follow a press release detailing financial results beforehand. The call will be hosted by CEO Paul Galvin, with access available via toll-free and international dial-in numbers. A replay will be available until May 2, 2022.

SG Blocks specializes in modular structures using code-engineered cargo shipping containers, aiming for sustainable construction.

SG Blocks (NASDAQ: SGBX) announced the selection of Douglas Elliman as the broker for its 58-acre waterfront property in Lago Vista, Texas, listed at $15 million. The property, located on Lake Travis, has approved plans for 200 condominiums and a marina. CEO Paul Galvin emphasized that selling the land is a strategic decision to lock in gains from its value increase. The proceeds are expected to reduce debt, enhance cash position, and improve overall liquidity without diluting shares.

SG Blocks (NASDAQ: SGBX) announced a significant contract through its subsidiary SG ECHO, marking its largest deal to date. The purchase order consists of over 100 modular units, expected to generate approximately $6 million in revenue. Completion of the units is slated for the end of Q2 2022. This contract enhances the company's production efficiency and supports ongoing relationships with clients, demonstrating SG Blocks' scalability in the modular structures market.

SG Blocks (NASDAQ: SGBX) has secured a ten-year exclusive distribution license for the Sanitec Microwave Disinfection Unit in New York, with options to expand to other states. This partnership with Sanitec Industries, known for its sustainable waste management solutions, positions SG Blocks to enhance its offerings in eco-friendly waste management. The Sanitec unit transforms hazardous biomedical waste into safe, non-infectious material. A new entity, SG Environmental Solutions Corp., will focus on sustainable infrastructure products.

SG Blocks, Inc. (SGBX) has received approval from the Camden County Joint Development Authority for a real estate transaction involving approximately 33 acres aimed at constructing a 114,000 square foot manufacturing facility in St. Marys, Georgia. This facility is expected to create around 125 jobs within the first three years and support the Cumberland Inlet development project, which will include 3,000 residential units. The initiative signifies SG Blocks' commitment to enhancing local employment and expanding its operational capacity.

SG Blocks is leading the seed round investment in Moliving, a luxury nomadic hospitality solution, to enhance modular living and hospitality. The funds will support the construction of 60 units for Moliving's flagship hotel in Hudson Valley, with potential for 400 additional units through five planned locations in 2023. This collaboration highlights the synergy between SG Blocks and Moliving, as both aim to meet market demands sustainably. The flagship hotel, Moliving at Hurley House, is set to open in Summer 2022.