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Safe & Green Development | 8-K: Safe and Green Development Corporation Reports Third Quarter 2024 Financial Results and Releases Investor Presentation

Safe & Green Development | 8-K: Safe and Green Development Corporation Reports Third Quarter 2024 Financial Results and Releases Investor Presentation

Safe & Green Development | 8-K:安全与绿色发展公司公布2024年第三季度财务业绩并发布投资者演示文稿
美股SEC公告 ·  2024/11/14 16:07

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Safe & Green Development Corporation reported Q3 2024 financial results with revenues of $81,210 and a net loss of $2.3M. The company secured a $10M investment from Arena Investors and expanded operations through three joint ventures in South Texas. The company has also regained compliance with NASDAQ's minimum bid price requirement.The company has commenced construction on 6 homes in the Sugar Phase 1 Development, expected to generate approximately $1.2M in revenue to the Joint Venture by Q1 2025. Management plans to deliver and sell a minimum of 40 homes throughout 2025, targeting approximately $8M in Joint Venture revenue. Operating expenses have been reduced by $135,000 since the quarter end.Looking ahead, the company expects to generate revenue in Q4 2024 from the sale of its St. Mary's property. The adjusted EBITDA for Q3 was ($900,881), reflecting ongoing efforts to maintain efficient operations while pursuing growth. The company's strategy focuses on integrating development and technology assets to create sustainable revenues in the coming years.
Safe & Green Development Corporation reported Q3 2024 financial results with revenues of $81,210 and a net loss of $2.3M. The company secured a $10M investment from Arena Investors and expanded operations through three joint ventures in South Texas. The company has also regained compliance with NASDAQ's minimum bid price requirement.The company has commenced construction on 6 homes in the Sugar Phase 1 Development, expected to generate approximately $1.2M in revenue to the Joint Venture by Q1 2025. Management plans to deliver and sell a minimum of 40 homes throughout 2025, targeting approximately $8M in Joint Venture revenue. Operating expenses have been reduced by $135,000 since the quarter end.Looking ahead, the company expects to generate revenue in Q4 2024 from the sale of its St. Mary's property. The adjusted EBITDA for Q3 was ($900,881), reflecting ongoing efforts to maintain efficient operations while pursuing growth. The company's strategy focuses on integrating development and technology assets to create sustainable revenues in the coming years.
Safe & Green Development Corporation公布了2024年第三季度财务结果,营业收入为81,210美元,净亏损为230万。公司从Arena Investors那里获得了1000万的投资,并通过在德克萨斯州南部的三个创业公司扩大了运营。公司还恢复了与纳斯达克的最低买盘价格要求的合规性。公司已在Sugar Phase 1 Development项目上开始施工,预计到2025年第一季度将为创业公司产生约120万的营业收入。管理层计划在2025年交付和卖出至少40套房屋,目标是产生约800万的创业公司营业收入。自季度结束以来,营业费用已减少了135,000美元。展望未来,公司预计将在2024年第四季度通过出售其圣玛丽财产产生营业收入。第三季度的调整后EBITDA为(900,881美元),反映了在追求增长的同时保持高效运营的持续努力。公司的策略专注于整合开发和科技资产,以在未来几年创造可持续的营业收入。
Safe & Green Development Corporation公布了2024年第三季度财务结果,营业收入为81,210美元,净亏损为230万。公司从Arena Investors那里获得了1000万的投资,并通过在德克萨斯州南部的三个创业公司扩大了运营。公司还恢复了与纳斯达克的最低买盘价格要求的合规性。公司已在Sugar Phase 1 Development项目上开始施工,预计到2025年第一季度将为创业公司产生约120万的营业收入。管理层计划在2025年交付和卖出至少40套房屋,目标是产生约800万的创业公司营业收入。自季度结束以来,营业费用已减少了135,000美元。展望未来,公司预计将在2024年第四季度通过出售其圣玛丽财产产生营业收入。第三季度的调整后EBITDA为(900,881美元),反映了在追求增长的同时保持高效运营的持续努力。公司的策略专注于整合开发和科技资产,以在未来几年创造可持续的营业收入。
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