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Safe & Green(SGBX) - Prospectus(update)
2024-02-12 13:04
As filed with the Securities and Exchange Commission on February 12, 2024 Registration No. 333- 276732 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SAFE & GREEN HOLDINGS CORP. (Exact Name of Registrant as Specified in Its Charter) Delaware 5030 95-4463937 incorporation or organization) Classification Code Number) Identification Number) (State or other jurisdiction of (Primary Standard Industrial (I ...
Safe & Green(SGBX) - Prospectus(update)
2024-02-06 23:02
As filed with the Securities and Exchange Commission on February 6, 2024 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SAFE & GREEN HOLDINGS CORP. (Exact Name of Registrant as Specified in Its Charter) Delaware 5030 95-4463937 Registration No. 333- 276732 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identific ...
Safe & Green(SGBX) - Prospectus
2024-02-01 00:58
As filed with the Securities and Exchange Commission on January 31, 2024 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SAFE & GREEN HOLDINGS CORP. (Exact Name of Registrant as Specified in Its Charter) Delaware 5030 95-4463937 (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification Number) If this Form ...
Safe & Green(SGBX) - Prospectus
2024-01-26 22:26
As filed with the Securities and Exchange Commission on January 26, 2024 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SAFE & GREEN HOLDINGS CORP. (Exact Name of Registrant as Specified in Its Charter) Delaware 5030 95-4463937 (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification Number) 990 Biscayne ...
Safe & Green(SGBX) - 2023 Q3 - Earnings Call Transcript
2023-11-14 23:28
Safe & Green Holdings Corp. (NASDAQ:SGBX) Q3 2023 Earnings Conference Call November 14, 2023 4:30 PM ET Company Participants Ted Ayvas - Investor Relations Paul Galvin - Chairperson & Chief Executive Officer Tricia Kaelin - Chief Financial Officer Conference Call Participants Operator Greetings, and welcome to the Safe & Green Holdings Third Quarter 2023 Business Update Conference Call. At this time, all participants are in listen-only mode and the floor will be open for questions after the presentation. [O ...
Safe & Green(SGBX) - 2023 Q3 - Quarterly Report
2023-11-14 22:28
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR For the transition period from ____________ to ____________ Commission File Number: 001-38037 SAFE & GREEN HOLDINGS CORP. (Exact name of registrant as specified in its charter) | Delaware | 95-446 ...
Safe & Green(SGBX) - 2023 Q2 - Earnings Call Transcript
2023-08-14 13:50
Financial Data and Key Metrics Changes - In Q2 2023, the company reported revenue of $5.1 million, down from $7.6 million in Q2 2022, primarily due to the discontinuation of COVID-19 testing facilities [30] - The gross profit for Q2 2023 was $34,000, a significant decrease from $771,000 in Q2 2022, reflecting a decline in medical revenue [11] - The adjusted EBITDA loss for Q2 2023 was approximately $2.3 million, compared to an adjusted EBITDA of approximately $512,000 in Q2 2022 [12] - The net loss attributable to common shareholders was approximately $5.6 million, or $0.37 per share, in Q2 2023, compared to a net loss of $1.4 million, or $0.11 per share, in Q2 2022 [36] Business Line Data and Key Metrics Changes - Manufacturing revenue increased by 21% year-over-year, driven by the manufacturing for construction services segment, which generated $5.1 million in revenue [5][30] - Operating expenses for Q2 2023 were $5.6 million, up from $2.1 million in Q2 2022, mainly due to increased headcount and salary expenses [31] Market Data and Key Metrics Changes - The company is focusing on four key verticals for growth, which are expected to enhance shareholder value [7] - The SG DevCo spinoff is anticipated to create significant value, with an independent appraisal valuing SG DevCo at $74 million [8][9] Company Strategy and Development Direction - The company aims to develop 10,000 units over the next seven years, projecting potential returns exceeding $200 million [18] - The McLean Manufacturing facility is in the design stage, with plans to support the development of 800 units at the Magnolia Residential project [22][23] - The company is integrating advanced technologies to improve manufacturing efficiency and reduce waste [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a milestone of $30 million in revenue for 2023, more than double the previous year's revenue [27] - The company is optimistic about expanding partnerships, particularly with Domino's, to enhance operational efficiency and sustainability [20] - Management highlighted the importance of balancing asset growth with sensible expense management to achieve long-term profitability [29] Other Important Information - The company has reduced its cash burn by over $2 million in the first half of 2023 [10] - As of June 30, 2023, the company had a cash balance and short-term investments of $1.6 million, up from $600,000 at the end of 2022 [32] Q&A Session Summary - The Q&A session concluded with management expressing gratitude for investor support and confidence in the company's progress and future updates [33]
Safe & Green(SGBX) - 2023 Q2 - Quarterly Report
2023-08-14 13:04
Revenue Performance - Total revenue for the six months ended June 30, 2023, was $10,600,990, a decrease of approximately 34.4% from $16,159,569 for the same period in 2022[215] - Total revenue for the three months ended June 30, 2023, was $5,097,055, a decrease of approximately 33% from $7,554,971 in the same period of 2022[222] Cost and Expenses - Cost of revenue for the six months ended June 30, 2023, was $10,636,832, a decrease of approximately 18% from $12,901,174 in 2022[216] - Cost of revenue decreased by approximately 25% to $5,063,425 for the three months ended June 30, 2023, compared to $6,783,011 for the same period in 2022[223] - Payroll and related expenses increased to $5,498,819 for the six months ended June 30, 2023, compared to $2,355,696 in 2022, due to increased headcount and salary expenses[218] - Payroll and related expenses increased to $4,184,429 for the three months ended June 30, 2023, compared to $1,211,509 in the same period of 2022[225] - Other operating expenses rose to $3,336,266 for the six months ended June 30, 2023, compared to $1,811,663 in 2022[219] - Other operating expenses rose to $1,460,059 for the three months ended June 30, 2023, from $888,307 in the same period of 2022[226] - Interest expense increased to $811,343 for the six months ended June 30, 2023, from $121,975 in 2022, due to higher notes payable balances[220] - Interest expense increased significantly to $523,971 for the three months ended June 30, 2023, compared to $73,126 in the same period of 2022[227] Profitability - Gross profit (loss) was $(35,842) for the six months ended June 30, 2023, compared to $3,258,395 for the same period in 2022, resulting in a gross profit margin of 0%[217] - Gross profit margin decreased to 1% for the three months ended June 30, 2023, down from 10% in the same period of 2022[224] - For the six months ended June 30, 2023, the net loss attributable to common stockholders was $(9,074,964), with net cash used in operating activities amounting to $(3,039,177)[247] - For the three months ended June 30, 2023, the net loss attributable to common stockholders was $5,555,524, compared to a loss of $1,415,360 for the same period in 2022[276] - Total net loss for the six months ended June 30, 2023, was $9,074,964, compared to a loss of $2,132,537 for the same period in 2022[276] - Adjusted EBITDA for the three months ended June 30, 2023, was $(2,278,790), significantly worse than $(512,015) for the same period in 2022[276] - Adjusted EBITDA for the six months ended June 30, 2023, was $(4,270,853), compared to $(272,815) for the same period in 2022[276] Cash Flow and Financing - As of June 30, 2023, the company had cash and cash equivalents of $1,601,331, up from $582,776 as of December 31, 2022[231] - The company has negative operating cash flows, raising substantial doubt about its ability to continue as a going concern[232] - On February 7, 2023, the company closed a private placement offering of $1,100,000 in principal amount of convertible debentures[234] - A secured commercial promissory note of $1,750,000 was issued on June 8, 2023, with an interest rate of 23% per annum[237] - The company raised $1,250,000 to date from a Loan Agreement with BCV S&G, with a total loan amount of up to $2,000,000 at an interest rate of 14% per annum[246] - Financing activities provided net cash of $4,726,738 during the six months ended June 30, 2023, compared to a net cash used of $(2,156,000) in the same period of 2022, reflecting a change of $6,882,738[252] - The company may need to secure additional financing sources to fund future growth, as no additional sources are currently secured[248] Project Backlog - The company had a backlog of eleven projects totaling $1,306,849 under contract as of June 30, 2023, with expected revenue realization by December 31, 2023[253] - The backlog decreased by approximately $4,600,000 from December 31, 2022, to June 30, 2023[254] Depreciation and Non-GAAP Measures - Depreciation and amortization for the three months ended June 30, 2023, amounted to $160,455, slightly up from $156,731 in the same period of 2022[276] - The company did not reflect cash outlays for capital expenditures in its EBITDA and Adjusted EBITDA calculations[276] - The company’s non-GAAP measures do not account for cash requirements for asset replacements due to depreciation and amortization[276]
Safe & Green(SGBX) - 2023 Q1 - Earnings Call Transcript
2023-05-12 02:11
Financial Data and Key Metrics Changes - Revenue for Q1 2023 was $5.5 million, down from $8.6 million in Q1 2022, primarily due to the discontinuation of COVID-19 testing facilities, partially offset by increased Construction Services revenue [20] - Operating expenses for Q1 2023 were $2.8 million compared to $2.1 million in Q1 2022, mainly due to increased general and administrative expenses [21][39] - The net loss attributed to common shareholders was approximately $3.2 million or $0.22 per share in Q1 2023, compared to a net loss of $717,000 or $0.06 per share in Q1 2022 [23] - Total gross profit for Q1 2023 was a loss of $69,000 compared to a gross profit of $2.5 million in Q1 2022 [38] Business Line Data and Key Metrics Changes - The Construction Services segment generated $5.5 million in revenue, reflecting a 230% increase compared to the same period last year [20][28] - SG Echo is expected to reach positive cash flow in Q3 2023, marking a significant milestone for the company [11] - The company plans to generate $5 million in annual gross revenue per distinct medical site within Safe & Green Medical [15] Market Data and Key Metrics Changes - The point-of-care diagnostics market is anticipated to expand by more than 40%, amounting to over $51 billion by 2029 [31] - The gross potential value of projects in the planning and approval process stands at $800 million, with an estimated margin of about 15% [16] Company Strategy and Development Direction - The company is focused on four distinct verticals for revenue growth and business expansion [11] - Plans to spin-off SG DevCo into an independent publicly traded company on NASDAQ are anticipated within 90 days, which is expected to unlock considerable value for shareholders [33] - The company is advancing efforts in its Environmental segment, leveraging the Sanitec Microwave Healthcare Waste Disinfecting System for biomedical waste management [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to achieve long-term profitability and positive cash flow in the Construction Services segment by Q3 2023 [11][35] - The company is committed to maintaining a lean operating structure while managing expenses to drive substantial cash flow and long-term profitability [36] Other Important Information - The Lago Vista site is expected to be sold for a substantially higher value than its initial purchase price of $3.5 million, providing additional capital [16] - The company has sufficient cash and borrowing capacity to support near-term operations, with a cash balance of $1.5 million as of March 31, 2023 [41] Q&A Session Summary - No specific questions and answers were provided in the content.
Safe & Green(SGBX) - 2023 Q1 - Quarterly Report
2023-05-11 20:41
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number: 001-38037 SAFE & GREEN HOLDINGS CORP. (Exact name of registrant as specified in its charter) | Delaware | 95-4463937 ...