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Safe & Green Development | 10-Q: Q2 2024 Earnings Report

Safe & Green Development | 10-Q: Q2 2024 Earnings Report

Safe & Green Development | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/14 20:09

牛牛AI助理已提取核心訊息

Safe & Green Development Corporation reported Q2 2024 financial results with revenues of $42,162 from real estate commissions, compared to no revenue in Q2 2023. The company incurred a net loss of $1.97 million for the quarter, widening from $788K loss in the prior year period, primarily due to increased operating expenses and interest costs. Operating expenses rose to $945K from $496K year-over-year.The company expanded its technology portfolio by acquiring Majestic World Holdings, an AI-powered real estate marketplace platform, and MyVONIA, an AI personal assistant technology. These strategic moves mark the company's entry into the prop-tech sector. Additionally, Safe & Green secured new financing arrangements, including convertible debentures with Peak One and a $250K credit line facility.The company faces ongoing liquidity challenges with only $24K in...Show More
Safe & Green Development Corporation reported Q2 2024 financial results with revenues of $42,162 from real estate commissions, compared to no revenue in Q2 2023. The company incurred a net loss of $1.97 million for the quarter, widening from $788K loss in the prior year period, primarily due to increased operating expenses and interest costs. Operating expenses rose to $945K from $496K year-over-year.The company expanded its technology portfolio by acquiring Majestic World Holdings, an AI-powered real estate marketplace platform, and MyVONIA, an AI personal assistant technology. These strategic moves mark the company's entry into the prop-tech sector. Additionally, Safe & Green secured new financing arrangements, including convertible debentures with Peak One and a $250K credit line facility.The company faces ongoing liquidity challenges with only $24K in cash as of June 30, 2024. Management is pursuing strategic initiatives including property monetization, having entered agreements to sell its St. Mary's and Lago Vista sites. The company's ability to continue operations remains dependent on securing additional funding through equity sales or debt financing, as auditors expressed substantial doubt about its going concern status.
Safe & Green Development Corporation公佈了2024年第二季度的財務結果,營業收入爲42,162美元,來源於房地產業佣金,相比2023年第二季度沒有營業收入。公司在本季度虧損197萬,比去年同期的78.8萬虧損有所擴大,主要由於營業費用和利息成本增加。營業費用同比上漲至94.5萬,去年爲49.6萬。公司通過收購MajeSTic World Holdings(一個人工智能驅動的房地產市場平台)和MyVONIA(一個人工智能個人助理技術)擴大了其科技組合。這些戰略舉措標誌着公司進入了房地產科技板塊。此外,Safe & Green還獲得了新的融資安排,包括與Peak...展開全部
Safe & Green Development Corporation公佈了2024年第二季度的財務結果,營業收入爲42,162美元,來源於房地產業佣金,相比2023年第二季度沒有營業收入。公司在本季度虧損197萬,比去年同期的78.8萬虧損有所擴大,主要由於營業費用和利息成本增加。營業費用同比上漲至94.5萬,去年爲49.6萬。公司通過收購MajeSTic World Holdings(一個人工智能驅動的房地產市場平台)和MyVONIA(一個人工智能個人助理技術)擴大了其科技組合。這些戰略舉措標誌着公司進入了房地產科技板塊。此外,Safe & Green還獲得了新的融資安排,包括與Peak One的可轉債和一項25萬的信用額度。截至2024年6月30日,公司的流動性挑戰依然存在,現金僅爲2.4萬。管理層正在推進戰略舉措,包括物業變現,已簽署協議出售其ST. Mary's和Lago ViSTa項目。公司的持續運營能力仍然依賴於通過股權銷售或債務融資獲取額外資金,因爲核數師對其持續經營能力表示了重大疑慮。

譯文內容由第三人軟體翻譯。


牛牛AI助手部分由第三方人工智慧模型基於資訊內容自動產生。


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