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Safe & Green Holdings Corp. - SGBX STOCK NEWS

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) is a pioneering company in modular construction solutions. Leveraging the structural integrity and sustainability of code-engineered cargo shipping containers, the company provides innovative building modules that serve both residential and commercial markets. These modules can be used as permanent or temporary structures, making them ideal for a wide range of applications, including health care facilities, real estate development, and environmental projects.

Safe & Green Holdings operates through four primary segments: construction services, medical, real estate development, and environmental. The majority of the company's revenue comes from its construction segment, which includes the manufacturing unit SG ECHO and various modular projects. The company's technology enables faster construction, lower costs, and more sustainable building practices, making it a leader in green construction.

Since its inception in 2007, Safe & Green Holdings has focused on repurposing shipping containers to meet safe and sustainable housing needs, particularly in hurricane and earthquake-prone areas. The company recently received recertification from the International Code Council (ICC) for its shipping containers, ensuring they meet stringent safety and performance standards. This achievement underscores the company's commitment to quality and innovation in modular construction.

Safe & Green Holdings' projects are designed to exceed typical building code requirements, offering developers, architects, and builders a high-value, eco-friendly construction option. The company's dedication to reducing the global carbon footprint is evident through its sustainable building practices and use of recycled materials. Partnering with industry leaders and constantly evolving its technology, Safe & Green Holdings continues to set new benchmarks in the modular construction industry.

For more information, visit the company's investor relations page or contact Crescendo Communications, LLC at (212) 671-1020 or via email at SGBX@crescendo-ir.com.

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SG Blocks, Inc. (SGBX) reported a strong third quarter for 2020, with revenue of approximately $575,000, up from $184,000 in Q3 2019, and a gross profit of $194,000, reversing a loss from last year. The construction backlog grew to $24.9 million, driven by 17 active projects. Notably, the acquisition of ECHO DCL will enhance vertical integration and efficiency. Despite a net loss of approximately $1.5 million, representing improvement from 2019, the company anticipates increased earnings and cash flow through year-end and into 2021.

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SG Blocks (NASDAQ: SGBX) has announced a partnership with Clarity Lab Solutions to provide a modular COVID-19 laboratory at Los Angeles International Airport (LAX). Set to open in early December 2020, the facility will offer PCR tests with results available within 3 hours for passengers and airline crew, and within 24 hours for airport employees. The site can conduct 1,000 PCR tests per eight-hour shift and will also provide rapid antigen tests. The initiative aims to enhance passenger safety and support the travel industry’s recovery amid the ongoing pandemic.

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SG Blocks (NASDAQ: SGBX) has announced a partnership with Clarity Mobile Ventures to implement interim COVID-19 testing at Los Angeles International Airport (LAX). The initiative will offer PCR tests with results available within 24 hours, starting this week. Tests will cost $150 and be available daily from 8:00 a.m. to 8:00 p.m. Additionally, a full-service rapid test lab is set to open in December. SG Blocks will develop the site, enhancing safety for travelers.

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SG Blocks, Inc. (SGBX) announced the rescheduling of its third fiscal quarter financial results release to November 19, 2020, after market close. The results will cover the quarter ending September 30, 2020, and will be accompanied by a Quarterly Report on Form 10-Q. The call will be hosted by CEO Paul Galvin and Acting CFO Gerald Sheeran at 4:30 p.m. ET. Investors can access the call via a toll-free dial-in number or through an online replay.

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SG Blocks (Nasdaq: SGBX) announced that its partnership with Clarity Lab Solutions was selected as a Trusted Testing Partner for Hawaii's COVID-19 travel testing program. This collaboration aims to deploy mobile laboratories to facilitate testing for travelers, allowing them to bypass a 14-day quarantine. The program launches on November 17, 2020, and CMV will also explore additional testing sites. SG Blocks' modular facilities combined with Clarity's expertise offer a scalable solution for COVID-19 testing, which is increasingly in demand.

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SG Blocks, Inc. (Nasdaq: SGBX) has announced a rescheduling of its financial results release for the third fiscal quarter ending September 30, 2020. Initially set for November 16, 2020, the delay allows the Company more time to finalize information necessary for its Quarterly Report on Form 10-Q. SG Blocks plans to file this report on or before the new date of the earnings call, which will be communicated later. SG Blocks specializes in code-engineered cargo shipping container structures for sustainable construction.

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SG Blocks, Inc. (NASDAQ: SGBX) will host a conference call on November 16, 2020, at 4:30 p.m. ET to discuss its third-quarter results for the period ending September 30, 2020. The call will feature SG Blocks' CEO Paul Galvin and Acting CFO Gerald Sheeran. A press release outlining the financial results will precede the call. Investors can participate by calling 1-855-327-6837 (toll-free) or 1-631-891-4304 (international). The call will be accessible via live broadcast and replay on the company's website.

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SG Blocks (NASDAQ: SGBX) has partnered with Grimshaw to showcase innovative design in the upcoming television show, 'New York by Design.' The collaboration aims to create a resilient home under $200,000 using recycled containers. The episode will air on FOX in August 2020, with an audience exceeding 2.5 million viewers. Previous collaborations have included a master services agreement established in 2018 for modular design. SG Blocks emphasizes sustainable construction through code-engineered shipping containers, enhancing construction speed and value.

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SG Blocks, Inc. (Nasdaq: SGBX) announced three new development projects at its SG ECHO modular manufacturing facility in Durant, Oklahoma, projected to generate approximately $1.7 million in revenue. These projects include a 2,000 square foot COVID rapid response facility in Minnesota, multiple buildings totaling 18,000 square feet in the southeast, and a 3,000 square foot security building in Arizona. The company emphasizes the benefits of its acquisition of ECHO DCL, aiming for increased efficiency and higher margins through vertical integration.

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SG Blocks (Nasdaq: SGBX) announced a Managed Supply Agreement with OSANG Healthcare, enhancing its distribution of the GeneFinder® COVID-19 Plus RealAmp Kit in the U.S. and Canada. This partnership builds on their earlier agreement and aims to create efficient lab-testing facilities, speeding up distribution efforts for OSANG’s FDA-approved tests. The collaboration seeks to optimize supply chains and address the global pandemic by improving the delivery of rapid testing solutions, which is critical as the U.S. enters the winter season.

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FAQ

What is the current stock price of Safe & Green Holdings (SGBX)?

The current stock price of Safe & Green Holdings (SGBX) is $0.4241 as of December 23, 2024.

What is the market cap of Safe & Green Holdings (SGBX)?

The market cap of Safe & Green Holdings (SGBX) is approximately 1.9M.

What does Safe & Green Holdings Corp. do?

Safe & Green Holdings Corp. provides modular construction solutions using both cargo shipping containers and wood for residential and commercial use.

What are the primary segments of Safe & Green Holdings Corp.?

The company operates in four segments: construction services, medical, real estate development, and environmental.

What is the main revenue source for Safe & Green Holdings Corp.?

The majority of the company's revenue comes from the construction segment, including its manufacturing unit SG ECHO and various modular projects.

How does Safe & Green Holdings Corp. contribute to sustainable construction?

The company repurposes shipping containers, reducing the need for new materials and lowering the carbon footprint, while providing safe and sustainable housing options.

What recent certifications has Safe & Green Holdings Corp. received?

The company recently received recertification from the International Code Council (ICC) for its shipping containers, confirming their compliance with safety and performance standards.

What are some applications of Safe & Green Holdings Corp.'s modules?

The modules can be used for residential housing, commercial buildings, health care facilities, and more, offering both permanent and temporary solutions.

When was Safe & Green Holdings Corp. founded?

Safe & Green Holdings Corp. was founded in 2007.

Where can I find more information about Safe & Green Holdings Corp.?

For more information, visit the company's investor relations page or contact Crescendo Communications, LLC at (212) 671-1020 or via email at SGBX@crescendo-ir.com.

What are the benefits of Safe & Green Holdings Corp.'s modular construction?

The company's modular construction offers faster execution, lower costs, higher building value, and extended life, while meeting or exceeding building code requirements.

Who are the key clients of Safe & Green Holdings Corp.?

The company's clients include developers, architects, builders, and property owners seeking innovative and sustainable construction solutions.

Safe & Green Holdings Corp.

Nasdaq:SGBX

SGBX Rankings

SGBX Stock Data

1.89M
3.88M
24.13%
5.95%
4.61%
Metal Fabrication
Wholesale-lumber & Other Construction Materials
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