NEWS
Safe & Green Holdings Reports Second Quarter 2024 Results and Provides a Business Update
Safe & Green Holdings Corp. (NASDAQ: SGBX) reported Q2 2024 results, highlighting significant improvements in profitability and operational efficiency. Key points include:
- Record sales pipeline exceeding $25 million
- Gross profit margin increased to 12.7% from 0.7% in Q2 2023
- Operating expenses reduced by 48% year-over-year
- On track for positive cash flow before year-end
- Revenue of $1.3 million, down from $5.1 million in Q2 2023
- Net loss of ($3.9) million, improved from ($5.6) million in Q2 2023
- Adjusted EBITDA loss of ($1.4) million, improved from ($2.3) million in Q2 2023
The company secured new contracts, expanded existing agreements, and implemented cost-saving measures,
Safe & Green Holdings Corp. (NASDAQ: SGBX) reported Q2 2024 results, highlighting significant improvements in profitability and operational efficiency. Key points include:
- Record sales pipeline exceeding $25 million
- Gross profit margin increased to 12.7% from 0.7% in Q2 2023
- Operating expenses reduced by 48% year-over-year
- On track for positive cash flow before year-end
- Revenue of $1.3 million, down from $5.1 million in Q2 2023
- Net loss of ($3.9) million, improved from ($5.6) million in Q2 2023
- Adjusted EBITDA loss of ($1.4) million, improved from ($2.3) million in Q2 2023
The company secured new contracts, expanded existing agreements, and implemented cost-saving measures,
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