Welcome to our dedicated page for Safe & Green Holdings news (Ticker: $SGBX), a resource for investors and traders seeking the latest updates and insights on Safe & Green Holdings stock.
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Rhea-AI Summary
Safe & Green Holdings Corp. (NASDAQ: SGBX) is eligible for a $1.5 million refund from the IRS for the Employee Retention Tax Credit, as confirmed by the Company's Professional Employer Organization (PEO). This refundable credit is expected to reduce the need for dilutive capital, and the timing of the receipt is reliant on the processing times of the IRS and the Company’s PEO. The company's CEO, Paul Galvin, emphasized the significance of this tax credit, highlighting the company's focus on retaining and increasing its workforce during the pandemic. The CFO, Tricia Kaelin, expressed commitment to providing high-quality US jobs and leveraging the ERTC to foster growth and employment in communities.
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End-of-Day
8.85%
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Safe & Green Holdings Corp. (NASDAQ: SGBX) reported a 48% year-over-year increase in manufacturing & construction services revenue for Q3 2023. They also announced a multi-million-dollar contract, Louisiana licensure, partnership with Tunnel to Towers Foundation, CORNERSTONE Charitable Foundation launch, and spin-off of SG Development Corp. They reduced operating expenses by $2 million and plan to develop assets to drive further revenue growth.
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End-of-Day
-1.95%
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Safe & Green Holdings Corp. (NASDAQ: SGBX) debuts the Comfort Home Show model, a modular home constructed for the Tunnel to Towers Foundation's Homeless Veteran Program. The home was showcased at a Grand Opening event in Houston, Texas, and assembled in real time in New York City, featured on 'Fox & Friends'. The program aims to eradicate homelessness for 35,000 veterans across the US.
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-3.07%
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Safe & Green Holdings Corp. (NASDAQ: SGBX) announced it plans to report its financial results for Q3 2023 on November 14, 2023, and host a business update call. The company is a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine.
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End-of-Day
-0.67%
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Safe & Green Holdings Corp. has appointed Thomas Meharey as an independent member of the board of directors, increasing the board size to seven directors. Meharey has exceptional leadership skills and experience in the licensing industry, having served as a vice president and board member for kathy ireland® Worldwide. He also founded a general contracting business in Hawaii and managed multi-million-dollar projects. The CEO of Safe & Green Holdings believes Meharey's insights and experience will be invaluable as the company expands its modular construction expertise nationwide.
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End-of-Day
2.97%
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WELLglobal Health, a subsidiary of Safe & Green Holdings Corp., plans to integrate telehealth with traditional in-person healthcare by developing and deploying eco-friendly modular wellness suites. The company aims to bridge the gap between remote and traditional healthcare to provide accessible high-quality care. WELLglobal Health has signed a non-binding letter of intent with e-Lovu, a digital wellness platform for expecting mothers, to address the complete health needs of pregnant and postpartum women. The partnership will expand the range of healthcare services available in WELLglobal Health's wellness suites.
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Safe & Green Holdings Corp. subsidiary SG Echo has secured a contract to supply 40 additional modular units to an existing customer, generating revenue of over $2 million starting in Q4 2023. This follows a previous order for 38 units from the same customer. The company's ability to deliver units quickly, sustainably, and cost-effectively, along with its multi-state certifications, provides a competitive advantage.
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-9.74%
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Safe & Green Holdings Corp. (NASDAQ: SGBX) announced that its Chairperson and CEO, Paul Galvin, will be participating in the Benzinga All Access event. The event will be broadcast live and an archived recording will be available on the company's website.
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Safe & Green Holdings announces partnership with CORNERSTONE Charitable Foundation for construction of a new schoolhouse in Cape Coast, Ghana
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-4.17%
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Safe & Green Holdings Corp. collaborates with Impact Housing to construct 3 modular Comfort Homes in Houston for the Tunnel to Towers Foundation.
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-4.75%
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Safe & Green Holdings Corp.
Nasdaq:SGBX
SGBX Rankings
SGBX Stock Data
5.07M
10.82M
39.11%
3.85%
2.37%
Other Metal Container Manufacturing
Manufacturing
United States of America
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About SGBX
sg blocks,inc. is the premier innovator in providing industry approved, code engineered cargo shipping containers to meet the growing demand for safe and green construction. rather than consuming new steel and lumber, sg blocks capitalizes on the structural engineering and design parameters a shipping container must meet and repurposes them for use in building. offering a product that typically exceeds building code requirements, sg blocks enables developers, architects, builders and owners to achieve greener construction, faster execution and stronger buildings of higher value and extended life.sg blocks has an application in meeting safe and sustainable housing needs, particularly in hurricane and earthquake prone areas. since its inception in 2007, sg blocks has developed and implemented the technology to break away from standardized container construction at reduced costs and is committed to providing a construction methodology that will lessen the global carbon footprint. each con