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.
Safe & Green Holdings Corp (NASDAQ: SGBX) delivers innovative modular construction solutions through repurposed shipping containers and sustainable wood modules. This news hub provides investors and industry professionals with essential updates on the company's construction projects, environmental initiatives, and market developments.
Access real-time updates across all operational segments including construction services, medical infrastructure, and real estate development. Track announcements about new modular housing projects, healthcare facility deployments, and advancements in green building techniques. Our curated feed includes earnings reports, partnership announcements, and regulatory filings to help stakeholders monitor SGBX's position in sustainable construction markets.
Key updates cover modular design innovations, disaster-resistant housing solutions, and environmental impact reduction initiatives. Bookmark this page for streamlined access to press releases about SG ECHO manufacturing developments, code-compliant module certifications, and strategic expansions in key markets.
SG Blocks (NASDAQ: SGBX) announced its subsidiary, SGB Development Corp., will build 70,000 sq. ft of affordable housing in Atlanta, Georgia, named Norman Berry Village. This project, in partnership with CMC, will consist of 132 units of one- and two-bedroom apartments and will be constructed at the SG Echo campus in Durant, Oklahoma. The initiative aims to address the U.S. housing shortage through efficient, cost-effective modular construction. Leaders from SG Blocks express optimism about the project's potential to expand their footprint in the Atlanta market.
SG Blocks (NASDAQ: SGBX) has announced an agreement with Robbins Park District to deploy a COVID-19 testing medical unit in Robbins, Illinois. The initiative aims to provide essential testing services to underserved communities in the South suburbs of Chicago, which are experiencing high unemployment and positivity rates. Testing is scheduled to begin around June 8th, offering various tests such as rapid antigen and PCR tests. This agreement marks the first step in SG Blocks’ strategy to expand healthcare access through modular medical units.
SG Blocks (Nasdaq: SGBX) reported record revenue between $8.9 million and $9.2 million for Q1 2021, a significant increase from $199,000 in Q1 2020. Gross profit for the quarter is expected to be between $0.9 million and $1.2 million. The company announced the launch of SGB Development Corp., focusing on residential projects in Austin, Texas, and expects to capture approximately $20 million in manufacturing revenue from its first project. However, SG Blocks anticipates a net loss of $2.0 million to $2.3 million for the quarter.
SG Blocks (NASDAQ: SGBX) is partnering with Stone Clinical Laboratories to provide COVID-19 testing at the Food Network's Wine & Food Festival in Miami's South Beach. This initiative also includes testing for the Air & Sea Show & Music Explosion, enhancing safety for employees, vendors, and guests. Stone has secured additional events requiring testing throughout 2021. SG Blocks leverages code-engineered cargo containers for building safe, eco-friendly structures, catering to various markets, including healthcare and travel.
SG Blocks, Inc. (NASDAQ: SGBX) has announced the acquisition of over 50 acres in Lago Vista, Texas, for upscale condominium development, including amenities like a health club and marina. The project, anticipated to yield revenue of approximately $20 million, aligns with the booming Austin market's demand for eco-friendly housing. Groundbreaking is slated for Q2 2022, with projected condominium sales between $80 and $90 million. The units will be manufactured in Oklahoma, emphasizing sustainable, USA-made construction.
SG Blocks (Nasdaq: SGBX) will host a conference call on May 17, 2021, at 4:30 p.m. ET to discuss its Q1 2021 financial results. The call features CEO Paul Galvin and will be accessible via a toll-free dial-in. A live webcast will also be available on the company's website, with a replay option until May 31, 2021. SG Blocks specializes in container-based structures and promotes sustainable construction using code-engineered cargo shipping containers. Further information can be found at www.sgblocks.com.
SG Blocks (Nasdaq: SGBX) reported remarkable financial results for Q4 2020, achieving record revenues of approximately $7.4 million, compared to $337,000 in Q4 2019. This growth stemmed from a significant increase in construction and medical revenues. The Company's gross profit in Q4 was approximately $1.6 million, reflecting a margin of 21.8%. By year-end, SG Blocks had 21 projects under contract, with a construction backlog of $25.1 million. Despite challenges, the company launched SGB Development Corp. to co-develop residential properties, further enhancing its pipeline for 2021.
SG Blocks (Nasdaq: SGBX) will hold a conference call on April 15, 2021, at 4:30 p.m. ET to discuss financial results for Q4 and the full year ended December 31, 2020. Expected revenue for Q4 is approximately $6.2 million, while the total revenue for 2020 is around $8.2 million. The call will be hosted by CEO Paul Galvin, and interested participants can dial in using specified numbers or join via the company’s website for a live broadcast. The company emphasizes its innovative approach to sustainable construction using code-engineered shipping containers.
SG Blocks, Inc. (Nasdaq: SGBX) has announced a rescheduling of its financial results release for the fourth fiscal quarter ending December 31, 2020. Details regarding the new date for the Fourth Quarter and Full Year 2020 earnings conference call will be shared ahead of the announcement. SG Blocks is known for its innovative use of code-engineered shipping containers for construction, offering sustainable and compliant building solutions. Their unique GreenSteel™ core promotes faster, greener, and more resilient buildings.
SG Blocks, Inc. (NASDAQ: SGBX) has launched a new website featuring upgraded branding and a dedicated section for SG Home™, its line of affordable, eco-friendly homes. These homes, built at the SG Echo Factory in Durant, Oklahoma, will start at about $87,000, emphasizing durability and resistance to natural disasters. CEO Paul Galvin highlighted the initiative as a response to a market gap for quality affordable housing. The new site also provides insights into SG Blocks' diverse sectors, including commercial and healthcare.
