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Safe & Green Development Corp (SGD) delivers innovative real estate solutions through modular construction and AI-driven proptech platforms. This dedicated news hub provides investors with essential updates on the company’s strategic initiatives, financial developments, and market positioning.
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Safe and Green Development (NASDAQ: SGD) announced a new customer — a large U.S. distributor of branded chemistry products serving specialty agriculture — has issued multiple purchase orders for wood fines from the Company’s Myakka, Florida site.
Based on current weekly volumes, the orders equate to approximately $9,000 per week, and the Company said it expects orders to continue at this rate. Material is produced on the site’s Diamond Z grinder, screened to customer specs, and allows recycling of 100% of inbound feedstock. The sale expands the Myakka customer base and supports scaling engineered soils and organics recycling across agricultural and turf markets.
Safe and Green Development (NASDAQ: SGD) reported record Q3 2025 results with revenue of $3.5 million, up from ~$81 thousand in Q3 2024 (+~4,200% YoY), and gross profit of $0.9 million. Gross margin improved to ~26% (versus ~23% in Q2 2025). The company completed the full purchase of a Microtec milling system, with new equipment already online at its Florida site and the mill arriving in Q4 to enable higher‑margin growing media production. Q3 operating loss was $(2.33) million and net loss was $(4.35) million, driven by higher operating costs and $2.0 million interest expense. Nine‑month revenue was $4.9 million (+~2,300% YoY) and nine‑month net loss was $(12.3) million.
Safe and Green Development Corporation (NASDAQ: SGD) announced on October 30, 2025 that it has satisfied in full and retired all outstanding convertible debt obligations. The company said this milestone strengthens its balance sheet, enhances financial flexibility and supports management's efforts to accelerate operational momentum across strategic growth initiatives. CEO David Villarreal commented that eliminating the convertible debt advances the company's long-term goal of building sustainable value for shareholders.
Safe and Green Development Corporation (NASDAQ: SGD) announced new industrial processing equipment has been delivered and deployed at its Southwest Florida Resource Group sites. The Komptech Crambo Mobile shredder is stationed at the 15th Street Transfer Site in Sarasota, and the Diamond Z DZH6000 Series grinder is operating at the Myakka City facility. The equipment arrived earlier this week and has been placed into immediate operation to enhance throughput for engineered soils, composting, and green‑waste recycling.
Management says the additions are expected to improve production capacity, reduce processing times, and strengthen site efficiency to meet rising product demand and broader distribution across the company’s Florida operations.
Safe and Green Development Corporation (NASDAQ: SGD) entered a PIPE financing agreement to raise approximately $9.0 million in gross proceeds through the sale of 360,000 shares of Series B non-voting convertible preferred stock and accompanying warrants.
The Preferred converts at $1.36 per share into 6,617,647 common shares; Warrants permit purchase of up to 6,617,647 common shares at a $1.36 exercise price. Units were priced at $25.00 per preferred share plus warrant. Closing is expected on or about October 17, 2025, subject to conditions. Proceeds are earmarked for Resource Group expansion, debt reduction, strategic investments, and working capital; resale registration will be filed with the SEC.
Safe and Green Development Corporation (NASDAQ: SGD) reported exceptional Q2 2025 financial results, highlighted by a 3,200% year-over-year revenue growth to $1.4 million, compared to $42,000 in Q2 2024. The dramatic increase stems from the recent acquisition of Resource Group US Holdings LLC.
Key highlights include the company's exit from legacy software operations to focus on real estate and compost/transportation, leadership restructuring with new board members, and ongoing real estate portfolio optimization. Management projects Q3 2025 revenue of approximately $4 million, representing the first full quarter with Resource Group integration.
Despite an Adjusted EBITDA loss of $634,000, the company recorded significant one-time adjustments, including a $966,000 impairment related to legacy software operations and a $3.025 million bad debt expense reserve.
Safe and Green Development Corporation (NASDAQ: SGD) has received independent appraisals from CBRE Group for two of its properties, totaling $9.9 million in combined valuation. The properties include a 58.82-acre lakefront development site in Lago Vista, Texas, appraised at $6.4 million, and a 113.20-acre site in Durant, Oklahoma, valued at $3.5 million.
The properties currently carry a mortgage loan with a principal balance of approximately $6 million, resulting in net positive equity of about $3.9 million. The company is actively exploring monetization options for both properties and will provide updates as developments occur.