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.