Safe & Green Holdings Reports Second Quarter 2024 Results and Provides a Business Update
Safe & Green Holdings Corp. (SGBX)
NASDAQ:AMEX Investor Relations:
ir.sgblocks.com
Company Research
Source: GlobeNewswire
Gross profit increases over four-fold; operating expenses reduced 48% Reports record sales pipeline in excess of $25 million On track to achieve positive cash flow before year-end MIAMI, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures, reported results for the three months ended June 30, 2024. Key Highlights: Record sales pipeline in excess of $25 million and positive outlook for H2 2024Gross profit margin in Q2 2024 increased to 12.7% compared to 0.7% for Q2 2023Operating expenses declined by $2.7 million in Q2 2024 versus the same period last yearCompany reaffirms guidance it is on track to achieve positive cash flow before year-endReceived a term sheet from a premier lender to refinance the Waldron facility on favorable terms; expected to provide non-dilutive working capitalExpected receipt of Employee Retention Tax Credit (ERTC) payme
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SGBX
News
- Safe & Green Holdings Closes Refinancing of Waldron Facility in Durant, OKGlobeNewswire
- Modular Construction Industry Poised for Continued Global Expansion Through 2024 - Long-term Market Forecasts to 2028 and 2033 [Yahoo! Finance]Yahoo! Finance
- Safe and Green Holdings Announces Preliminary Term Sheet to Refinance Waldron FacilityGlobeNewswire
- Correction: Safe & Green Holdings Corp. Announces Promotion of David Cross to Executive Vice President [Yahoo! Finance]Yahoo! Finance
- Correction: Safe & Green Holdings Corp. Announces Promotion of David Cross to Executive Vice PresidentGlobeNewswire
SGBX
Sec Filings
- 9/24/24 - Form 8-K
- 8/30/24 - Form 8-K
- 8/30/24 - Form 8-K
- SGBX's page on the SEC website