SG DevCo(SGD)
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SG DevCo(SGD) - 2025 Q3 - Quarterly Report
2025-11-14 21:09
Acquisition and Strategic Development - Safe and Green Development Corporation completed the acquisition of Resource Group US Holdings LLC, marking a strategic shift towards engineered soils and organic recycling [196]. - The company plans to monetize real estate holdings by selling properties with significant value appreciation, reinvesting proceeds into operations [195]. - The company is focusing on developing sustainable single-family housing in Southern Texas through joint ventures and investments in AI technologies [195]. - The company intends to optimize and operate its legacy real estate assets while supporting the growth of Resource Group [197]. Financial Performance - For the three months ended September 30, 2025, the company generated revenues of $3,515,708, a significant increase of $3,434,498 compared to $81,210 for the same period in 2024, primarily due to the acquisition of Resource Group [209]. - For the nine months ended September 30, 2025, the company reported revenues of $4,936,388, an increase of $4,763,200 from $173,188 in 2024, driven by the Resource Group acquisition [216]. - Total payroll and related expenses for the three months ended September 30, 2025, were $1,038,146, up from $521,305 in 2024, reflecting an increase of $516,841 primarily due to the Resource Group acquisition [210]. - General and administrative expenses rose to $2,036,116 for the three months ended September 30, 2025, compared to $778,448 in 2024, an increase of $1,257,668 attributed to higher professional fees and impairment of intangible assets [212]. - The company incurred an operating loss of $2,332,305 for the three months ended September 30, 2025, compared to a loss of $1,390,763 in 2024 [208]. - Net loss for the nine months ended September 30, 2025, was $12,254,272, compared to a net loss of $7,378,464 for the same period in 2024 [224]. - Interest expense increased to $3,789,105 for the nine months ended September 30, 2025, from $2,583,053 in 2024, reflecting a rise of $1,206,052 due to higher notes payable [221]. - Cash used in operating activities was $188,060 for the nine months ended September 30, 2025, a decrease of $1,733,138 compared to $1,545,078 used in the same period in 2024 [225]. - Bad debt expense for the nine months ended September 30, 2025, was $3,025,000, a significant increase from $0 in 2024, due to uncertainty regarding the collectability of a note receivable [220]. Financial Condition and Risks - The company has expressed substantial doubt about its ability to continue as a going concern, highlighting risks in its financial condition [189]. - The company does not currently intend to pay dividends on its common stock, relying on stock price appreciation for shareholder returns [189]. - The company is subject to various risks, including potential development delays, supply chain disruptions, and legislative changes that could impact operations [190]. - The company has a high concentration of properties in certain states, which poses risks in its property portfolio [189]. Capital Raising Activities - In July 2025, the company raised approximately $560,422 by selling 309,691 shares of common stock at $0.9094 per share, along with warrants [198]. - The October 2025 private placement raised approximately $8.175 million from the issuance of 360,000 shares of Series B Non-Voting Convertible Preferred Stock [207]. Liquidity Position - The company had cash of $233,037 as of September 30, 2025, down from $296,202 at the end of 2024, indicating liquidity challenges [224].
SG DevCo(SGD) - 2025 Q3 - Quarterly Results
2025-11-14 21:05
Financial Performance - Revenue for Q3 2025 reached $3.5 million, a significant increase of over 4,200% year-over-year compared to approximately $81 thousand in Q3 2024[5] - Gross profit for Q3 2025 was $0.9 million, up from $81 thousand in Q3 2024, with a gross margin of approximately 26%, an increase from ~23% in Q2 2025[5] - Total revenue for the nine months ended September 30, 2025, increased to $4.9 million, representing year-over-year growth of more than 2,300% from $0.2 million in the prior-year period[6] - The net loss for the nine months ended September 30, 2025, was $(12.3) million, compared to $(7.4) million in 2024, influenced by non-recurring expenses related to acquisitions[6] - EBITDA for the nine months ended September 30, 2025, was $(7.8) million, compared to $(4.8) million in 2024, reflecting increased operational costs[7] Operational Developments - A major milestone was the full purchase of the Microtec milling system, expected to enhance profitability by enabling the production of high-margin growing media[3] - The company anticipates a streamlined operating structure by early 2026, with new equipment already boosting production and the Microtec mill set to expand output[4] - Management believes the strategic advancements will open significant new revenue opportunities and enhance profitability moving forward[12] Financial Outlook - Interest expense for the nine months ended September 30, 2025, was $3.8 million, an increase of $1.2 million from $2.6 million in the prior year[7] - The company expects continued revenue growth and margin strengthening as it prepares for the arrival of the Microtec mill[10]
Safe and Green Development Corporation Announces 4,200% Year-Over-Year Revenue Growth in Q3 2025 and Strong Momentum Into Fourth Quarter
Globenewswire· 2025-11-14 14:00
Core Insights - Safe and Green Development Corporation reported record revenue growth and margin expansion for Q3 2025, driven by strong performance in engineered soils and logistics divisions [1][2] - The company achieved total revenue of $4.9 million for the nine months ended September 30, 2025, a significant increase from $0.2 million in the prior-year period, representing over 2,300% year-over-year growth [6] - A key strategic advancement is the full purchase of the Microtec milling system, expected to enhance profitability by enabling the production of high-margin growing media [3][4] Financial Performance - Q3 2025 revenue reached $3.5 million, a remarkable increase of over 4,200% compared to approximately $81 thousand in Q3 2024 [9] - Gross profit for Q3 2025 was $0.9 million, with a gross margin of approximately 26%, up from ~23% in Q2 2025 [9] - The nine-month net loss was $(12.3) million, compared to $(7.4) million in 2024, influenced by non-cash impairment and bad debt charges [6][7] Operational Developments - New equipment delivered to the Florida site is operational and expected to drive increased throughput and efficiency [2][4] - Integration expenses are anticipated to continue through Q4 2025, but a streamlined operating structure is expected by early 2026 [4] - The company is focused on establishing a scalable foundation for future growth, with expectations for continued revenue growth and margin strengthening as it heads into 2026 [11]
Safe and Green Development Corporation Announces Satisfaction of All Outstanding Convertible Debt
Globenewswire· 2025-10-30 13:00
Core Insights - Safe and Green Development Corporation has fully satisfied and retired all outstanding convertible debt obligations, marking a significant achievement in strengthening the company's balance sheet [1][2] - The elimination of this debt enhances the company's financial flexibility and supports its long-term goal of building sustainable value for shareholders [2] Company Overview - Safe and Green Development Corporation is a real estate development and environmental solutions company formed in 2021, focusing on acquiring and investing in properties across the United States for future development into green housing projects [2] - The company wholly owns Resource Group US Holdings LLC, which operates an 80+ acre organics processing facility in Florida, processing source-separated green waste and expanding into sustainable potting media and soil substrates production [2]
Safe and Green Development Corporation Expands Resource Group Operations with New Equipment at Sarasota and Myakka City Sites
Globenewswire· 2025-10-22 12:30
Core Insights - Safe and Green Development Corporation has announced the delivery and deployment of new industrial processing equipment to enhance its operations in Southwest Florida, specifically targeting engineered soils, composting, and green-waste recycling [1][3][4] Equipment Details - The new equipment includes the Komptech Crambo Mobile shredder, which is designed for processing large volumes of organic and woody materials, and the Diamond Z DZH6000 Series grinder, which enhances grinding capacity for wood waste and green debris [2][3] Operational Impact - The newly deployed equipment is expected to improve production capacity, reduce processing times, and enhance overall site efficiency, thereby meeting the growing demand for the company's engineered soil and compost products [3][4] Strategic Alignment - The expansion of processing capabilities aligns with the company's focus on scalable, revenue-generating infrastructure, allowing for greater material processing efficiency and broader product distribution across its composting and recycling network [4] Company Overview - Safe and Green Development Corporation, formed in 2021, focuses on real estate development and environmental solutions, including the operation of an 80+ acre organics processing facility in Florida, which processes source-separated green waste and is expanding into sustainable potting media production [5]
Safe and Green Development Corporation Expands Resource Group Operations with New Equipment at Sarasota and Myakka City Sites
Globenewswire· 2025-10-22 12:30
Core Insights - Safe and Green Development Corporation has deployed new industrial processing equipment to enhance its operations in Southwest Florida, specifically at the Sarasota and Myakka City sites [1][3][4] Equipment Details - The new equipment includes the Komptech Crambo Mobile shredder, which is designed for processing large volumes of organic and woody materials, and the Diamond Z DZH6000 Series grinder, which increases processing efficiency for wood waste and green debris [2][3] Operational Impact - The deployment of this equipment is expected to improve production capacity, reduce processing times, and enhance overall site efficiency, thereby meeting the growing demand for engineered soil and compost products [3][4] Strategic Alignment - The expansion of processing capabilities aligns with the company's focus on scalable, revenue-generating infrastructure, allowing for greater material processing and improved efficiency [4] Company Overview - Safe and Green Development Corporation is focused on real estate development and environmental solutions, with a subsidiary operating an 80+ acre organics processing facility in Florida, which processes source-separated green waste and is expanding into sustainable potting media production [5]
Safe and Green Development Corporation Announces $9.0 Million Private Placement
Globenewswire· 2025-10-16 14:00
Core Points - Safe and Green Development Corporation (SGD) has entered into a securities purchase agreement for a PIPE financing, raising approximately $9.0 million before fees and expenses [1][2][3] Group 1: PIPE Financing Details - The company is selling 360,000 shares of Series B Non-Voting Convertible Preferred Stock at a conversion price of $1.36 per share, which can convert into 6,617,647 shares of common stock [2] - Each unit, consisting of a share of Preferred Stock and a warrant, is priced at $25.00, complying with Nasdaq's "Minimum Price" requirement [2] - The warrants are not exercisable until shareholder approval and will expire two and a half years after such approval [2][4] Group 2: Use of Proceeds - A portion of the net proceeds will be used to accelerate operational expansion at the Resource Group site in Myakka City, Florida, including purchasing additional processing equipment [5] - The company also plans to use proceeds for reducing debt obligations, strategic investments, acquisitions, and working capital to support revenue-generating operations [5] Group 3: Company Overview - Safe and Green Development Corporation focuses on real estate development and environmental solutions, primarily acquiring properties for green housing projects [7] - The company wholly owns Resource Group US Holdings LLC, which operates an 80+ acre organics processing facility in Florida, processing green waste and producing sustainable potting media [7]
SG DevCo(SGD) - Prospectus(update)
2025-09-30 19:41
As filed with the U.S. Securities and Exchange Commission on September 30, 2025. Registration No. 333-290563 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 –––––––––––––––––––––––––––––––––––––––––––––––––– AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 (Exact name of registrant as specified in its charter) –––––––––––––––––––––––––––––––––––––––––––––––––– | Delaware | 6552 | 87-1375590 | | --- | --- | --- | | (State or other jurisdiction of | ( ...
SG DevCo(SGD) - Prospectus
2025-09-26 21:30
As filed with the U.S. Securities and Exchange Commission on September 26, 2025. 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 and Green Development Corporation (Exact name of registrant as specified in its charter) –––––––––––––––––––––––––––––––––––––––––––––––––– | Delaware 6552 | 87-1375590 | | --- | --- | | (State or other jurisdiction ...
Top 3 Real Estate Stocks You'll Regret Missing In September
Benzinga· 2025-09-25 11:18
Core Insights - The real estate sector is experiencing significant overselling, presenting potential investment opportunities in undervalued companies [1] - The Relative Strength Index (RSI) is a key indicator for identifying oversold stocks, with values below 30 indicating potential buying opportunities [1] Company Summaries - **Safe and Green Development Corp (NASDAQ: SGD)**: Reported over 3,200% year-over-year revenue growth in Q2 2025, with an RSI of 21.7. The stock has fallen approximately 42% year-to-date, closing at $1.41 [8] - **Americold Realty Trust Inc (NYSE: COLD)**: Downgraded by JP Morgan from Neutral to Underweight, with a price target reduction from $17 to $15. The stock has decreased around 20% in the past month, with an RSI of 27, closing at $12.45 [9] - **NetSTREIT Corp (NYSE: NTST)**: Maintained an Outperform rating by Mizuho, with a price target increase from $17 to $20. The stock has fallen about 4% over the past five days, with an RSI of 28.8 [9]