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Safe & Green(SGBX) - 2020 Q1 - Earnings Call Transcript
2020-05-16 17:48
Financial Data and Key Metrics Changes - Revenue in Q1 2020 was approximately $199,000, a decrease from approximately $337,000 in Q4 2019, primarily due to a decline in revenue across most customer types and the transition to a new royalty business model [14] - Gross profit for Q1 2020 was approximately $46,000, compared to approximately $48,000 in the prior quarter [14] - Operating expenses in Q1 2020 were approximately $795,000, down from approximately $4 million in Q4 2019, largely due to a non-cash goodwill impairment loss of approximately $2.9 million in the prior quarter [14] - Loss from operations was approximately $749,000 in Q1 2020, compared to a loss of approximately $4 million in Q4 2019 [14] - Cash and cash equivalents were approximately $399,000 as of March 31, 2020, down from approximately $1.6 million at the end of 2019 [15] Business Line Data and Key Metrics Changes - The company is focusing on its royalty model, with the Monticello project expected to generate a 5% royalty fee [12] - SG Residential launched a new container-based project, Ranchbox, and a new product, Office Box, aimed at providing affordable living and workspace solutions [13] Market Data and Key Metrics Changes - Significant progress was reported in Puerto Rico, with plans to complete 55 concrete shells and commence construction of 128 homes [8][12] - The company established a distribution agreement with OSANG Healthcare for COVID-19 test kits, expanding its presence in the healthcare vertical [10] Company Strategy and Development Direction - The company is focused on growing its business, executing orders, launching new products, and maximizing shareholder value [16] - SG Blocks aims to participate in the healthcare infrastructure reimagining, integrating medical tests into revenue streams [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about being cash flow positive by year-end and highlighted the excitement surrounding recent developments and partnerships [16] - The company is positioned to support immediate responses to the COVID-19 pandemic while also planning for future growth [9] Other Important Information - SG Blocks completed a $15 million public offering of 6 million shares, enhancing its financial position [7] - The backlog in commercial business was reported at $17.5 million at the end of Q1 2020 [11] Q&A Session Summary - No specific questions or answers were recorded in the provided content [18]
Safe & Green(SGBX) - 2020 Q1 - Quarterly Report
2020-05-14 20:31
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, 2020 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 SG BLOCKS, INC. (Exact name of registrant as specified in its charter) | Delaware | 95-4463937 | | --- | - ...
Safe & Green(SGBX) - 2019 Q4 - Earnings Call Transcript
2020-03-30 22:43
SG Blocks, Inc. (NASDAQ:SGBX) Q4 2019 Results Conference Call March 30, 2020 4:30 PM ET Company Participants James Carbonara - Hayden IR Paul Galvin - CEO Operator Good day and welcome to SG Blocks’ Fourth Quarter and Full-Year Results 2019 Earnings Conference Call and Webcast. Today's conference call is being recorded. At this time, I would like to turn the conference over to James Carbonara of Hayden IR. Please proceed, sir. James Carbonara Thank you and good afternoon. Thank you all for joining us for th ...
Safe & Green(SGBX) - 2019 Q4 - Annual Report
2020-03-30 20:32
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 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 SG BLOCKS, INC. (Exact name of registrant as specified in its charter) | Delaware | 95-4463937 | | --- | --- | ...
Safe & Green(SGBX) - 2019 Q3 - Quarterly Report
2019-11-14 21:32
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, 2019 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 SG BLOCKS, INC. (Exact name of registrant as specified in its charter) | Delaware 95-4463937 | ...
Safe & Green(SGBX) - 2019 Q2 - Earnings Call Transcript
2019-08-15 02:46
SG Blocks, Inc. (NASDAQ:SGBX) Q2 2019 Earnings Conference Call August 14, 2019 4:30 PM ET Company Participants Jeff Stanlis - Hayden IR Paul Galvin - CEO Mahesh Shetty - President and CFO Conference Call Participants Ashok Kumar - ThinkEquity Ian Hunter - Hunter Value Capital Operator Thank you for standing by. This is the conference operator. Welcome to the SG Blocks Second Quarter Results Conference Call. As a reminder, all participants are in listen only mode and the conference is being recorded. After ...
Safe & Green(SGBX) - 2019 Q2 - Quarterly Report
2019-08-14 20:32
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 June 30, 2019 Commission file number: 001-38037 SG BLOCKS, INC. (Exact name of registrant as specified in its charter) | Delaware | | 95-4463937 | | | --- | --- | --- | --- | | (State or other jurisdiction of | | (I.R.S. Employer | | | incorporation or organization) | | Identification No.) | | | 195 Montague ...
SG Blocks (SGBX) Investor Presentation - Slideshow
2019-05-14 19:41
IDEAS. UNCONTAINED. SGBX Investor Presentation M a y 2 0 1 9 SG Blocks Apartment Rendering - Grimshaw SAFE HARBOR The following discussion and analysis of the financial condition and results of our operations should be read in conjunction with our condensed consolidated financial statements and related notes and schedules included elsewhere in this Quarterly Report on Form 10-Q. The unaudited condensed consolidated financial statements and notes included herein should be read in conjunction with our audited ...
Safe & Green(SGBX) - 2019 Q1 - Earnings Call Transcript
2019-05-14 01:41
SG Blocks, Inc. (NASDAQ:SGBX) Q1 2019 Results Conference Call May 13, 2019 4:30 PM ET Company Participants Chris Tyson - Managing Director, MZ North America Paul Galvin - CEO Mahesh Shetty - President and CFO Conference Call Participants Gerry Sweeney - Roth Capital Ashok Kumar - ThinkEquity Operator Good day and welcome to the SG Blocks First Quarter 2019 Conference Call and Webcast. Today’s conference call is being recorded. At this time, I’d like to turn the conference over to Chris Tyson, Managing Direc ...
Safe & Green(SGBX) - 2019 Q1 - Quarterly Report
2019-05-13 20:31
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, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Yes ☒ No ☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be sub ...