Safe & Green Holdings Corp. - SGBX STOCK NEWS

SG Blocks, Inc. (NASDAQ: SGBX) has raised concerns about potential irregularities in the trading of its common stock and reported ownership after conducting extensive research. The company aims to ensure a fair market for all participants and is committed to maximizing shareholder value. Investors can reach out to its investor relations firm, Equity Animal, for more information.

SG Blocks (NASDAQ: SGBX) reported third quarter 2022 revenues of $4.1 million, down 53% from $8.8 million in Q3 2021, primarily due to declines in the medical segment. However, construction revenue surged 334% to $2.7 million, driven by a strong performance in that sector. The gross profit improved by 73% YoY, showing a margin increase from (6.9%) to (4.0%). Net loss was $2.454 million, or $0.18 per share, reflecting a 58% increase in loss per share. The company has a significant manufacturing pipeline estimated at $800 million and a construction backlog of $2.6 million.

SGBX will release its fiscal 2022 Q3 financial results on November 14, after market close. The earnings call is set for 4:30 p.m. ET, accessible via Twitter Spaces and traditional dial-in. Investors can join the call using toll-free numbers or listen to the recorded version on SGBX's website and Twitter account. The company specializes in modular structures, promoting safe and eco-friendly building solutions, which highlights its commitment to sustainability in construction.

SG Blocks, Inc. (NASDAQ: SGBX) has received a significant purchase order expansion from a major private client, enhancing its growing partnership within the logistics sector. This order includes 90 additional trailers, building upon a prior order of over 100 units from April 2022, which generated approximately $6 million in revenue. The total expected revenue from these orders is currently estimated at $11.5 million. The Company highlights the importance of scalable and repetitive orders for sustainable growth.

SG Blocks, Inc. (NASDAQ: SGBX) has amicably parted ways with a prior contract for its Lago Vista property in Texas, opening the market to new buyers. CEO Paul Galvin indicated that the property has appreciated in value since its purchase last year, allowing the company to explore multiple offers. The company plans to obtain a new valuation of the property and considers various strategic options for its development. Further updates will be shared as proposals are finalized.

SG Blocks, Inc. (NASDAQ: SGBX) has engaged a prominent New York-based investment bank for strategic advisory services. This partnership aims to enhance the Company's capabilities in modular construction, which focuses on safe and green building practices. SG Blocks specializes in developing prefabricated structures from wood, steel, and shipping containers. While future updates regarding this relationship will be provided, the Company emphasizes its commitment to compliance with NASDAQ requirements and positioning for profitability amidst industry challenges.

SG Blocks (NASDAQ: SGBX) announces growth updates for its subsidiary, SGB Development Corp., and manufacturing campus expansions. Key highlights include a record backlog of approximately $765 million with over 4,000 units planned for construction. The Cumberland Inlet Project has received approval for a significant waterfront development in St. Marys, GA, which will include 1,280 multi-family units and a marina. Additionally, a new manufacturing facility in St. Marys is set to create 125 jobs, supporting upcoming projects.

SG Blocks (NASDAQ: SGBX) announces a collaboration with Enriched Data to develop a national ESG Real Estate Scoring Platform. Currently in the discovery phase, the partnership aims to apply algorithmic models for automated ESG scoring on the Company’s properties. CEO Paul Galvin emphasizes the initiative aligns with SG Blocks' commitment to sustainable practices. Updates will follow as the partnership progresses towards implementation.

SG Blocks (NASDAQ: SGBX) has secured a new client in the military sector, enhancing its portfolio in modular construction. The company will build container-based military modules for U.S. Military use, valued at approximately $750,000. These units will serve as administrative offices for refitting and dry-docking military vessels, with project completion anticipated in Q4 2022. CEO Paul Galvin highlighted the strategic importance of military contracts in providing scalable, repeatable work for the company.