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Safe & Green Holdings Reports Year-End 2023 Results

Safe & Green Holdings Reports Year-End 2023 Results

安全與綠色控股公司公佈2023年年終業績
GlobeNewswire ·  05/08 20:30

Reports 30% Increase in Construction Services Revenue Compared to 2022

報告稱,與2022年相比,建築服務收入增長了30%

Completed Successful Spin-Out of Safe and Green Development Corporation as a Nasdaq Listed Publicly Traded Company

成功將安全與綠色發展公司分拆爲納斯達克上市上市公司

Cost-Saving Initiatives Expected to Save $2.5 Million in Annualized Expenses to be Recognized in 2024

成本節約計劃預計將節省250萬美元的年化費用,將於2024年確認

Partnering with Tunnel to Towers Foundation to Construct Travelling Modular Home to Showcase Foundation's Homeless Veteran Program

與Tunnel to Towers基金會合作建造模塊化旅行房屋,以展示基金會的無家可歸退伍軍人計劃

MIAMI, May 08, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures, reported results for the year ended December 31, 2023.

邁阿密,2024年5月8日(環球新聞專線)——領先的模塊化結構開發商、設計師和製造商安全與綠色控股公司(納斯達克股票代碼:SGBX)(“Safe & Green Holdings” 或 “公司”)公佈了截至2023年12月31日的年度業績。

Recent Highlights:

近期亮點:

  • Achieves 30% year-over-year increase in construction services revenue for the year ended December 31, 2023
  • Executed a Master Purchase Agreement (MPA) with Safe and Green Development Corporation ("SG DevCo") (NASDAQ: SGD), the Company's real estate development subsidiary where SG DevCo has engaged SG Echo to manufacture modular units for its planned real estate development projects, including design, engineering, fabrication, delivery, and installation of the modular systems; expected initial value of the MPA to be in excess of $140 million in net revenue over a multi-year period
  • Received new contract from a government contractor to refurbish 19 container modules to be used by a major U.S. government agency that the Company originally built
  • Entered into a non-binding Letter of Intent (LOI) to design, build, and operate an 800-unit supportive housing community for veterans, first responders, and others who are disabled from their service and interested in manufacturing work, as well as their families
  • Entered into a design-build contract with Hostel Cubed, to produce their first modular camping cube for the California Coast, the "Coastal Camping Cube"
  • Received a purchase order to provide additional modular units to an existing infrastructure solutions customer
  • Selected by the Tunnel to Towers Foundation to construct a traveling modular home, the Comfort Home Show model, designed to showcase the foundation's Homeless Veteran Program
  • 截至2023年12月31日止年度的建築服務收入同比增長30%
  • 與安全與綠色開發公司(“SG DevCo”)(納斯達克股票代碼:SG SGD)簽訂了主購買協議(MPA),該公司是該公司的房地產開發子公司,SG DevCo已聘請SG Echo爲其計劃中的房地產開發項目製造模塊化單元,包括模塊化系統的設計、工程、製造、交付和安裝;MPA的初始價值在多年內預計將超過1.4億美元的淨收入
  • 從一家政府承包商處獲得新合同,將翻新19個集裝箱模塊,供該公司最初建造的美國主要政府機構使用
  • 簽訂了一份不具約束力的意向書(LOI),爲退伍軍人、急救人員和其他無法服役並對製造業工作感興趣的人及其家人設計、建造和運營一個可容納800個單元的支持性住房社區
  • 與Hostel Cubed簽訂了設計建造合同,爲加利福尼亞海岸生產他們的第一個模塊化露營立方體,即 “海岸露營立方體”
  • 收到了向現有基礎設施解決方案客戶提供更多模塊化單元的採購訂單
  • Comfort Home Show 模型被 Tunnel to Towers 基金會選中用於建造模塊化旅行住宅,旨在展示該基金會的無家可歸退伍軍人計劃

"In 2023, Safe & Green Holdings experienced a robust increase in revenue from construction services, achieving a significant 30% increase compared to 2022," commented Paul Galvin, Chairperson and Chief Executive Officer of Safe and Green Holdings. "It was also an exciting year, and a year of celebration for the Company, as we achieved a milestone event with the successful spin-off of SG Development Corp. ("SG DevCo") into a separate entity that now trades independently on the Nasdaq market (NASDAQ: SGD). This strategic move came to fruition after more than a year of relentless dedication and work by our team. At the time of the spin-out, SG DevCo had a third-party fairness opinion that valued SG DevCo's fair market value at $74 million."

安全與綠色控股董事長兼首席執行官保羅·高爾文評論說:“2023年,安全與綠色控股公司的建築服務收入強勁增長,與2022年相比實現了30%的顯著增長。”“對於公司來說,這也是激動人心的一年,也是值得慶祝的一年,我們成功地將SG Development Corp.(“SG DevCo”)分拆爲一個獨立的實體,該實體現在在納斯達克市場(納斯達克股票代碼:SGD)上獨立交易,從而實現了具有里程碑意義的事件。經過我們團隊一年多的不懈努力和努力,這一戰略舉措得以實現。在分拆時,SG DevCo的第三方公平觀點認爲SG DevCo的公允市場價值爲7400萬美元。”

"After the spin-out of SG DevCo, the Company entered into a master purchase agreement ("MPA") with SG DevCo engaging SG Echo to manufacture modular units for its planned real estate development projects, including design, engineering, fabrication, delivery, and installation of the units. The Company believes the initial value of the MPA to be in excess of $140 million in net revenue to SG DevCo over a multi-year period and that this is the first of several such agreements the Company may enter into, to support SG DevCo's upcoming development projects, which currently total approximately 3,200 units with the potential to generate in excess $500 million of gross revenue for Safe & Green Holdings over the next several years. These projects are expected to utilize SG Echo's full manufacturing capacity, even if no further projects were introduced."

“SG DevCo分拆後,該公司與SG DevCo簽訂了主購買協議(“MPA”),委託SG Echo爲其計劃中的房地產開發項目製造模塊化單元,包括單元的設計、工程、製造、交付和安裝。該公司認爲,MPA的初始價值將在多年內爲SG DevCo帶來超過1.4億美元的淨收入,這是該公司爲支持SG DevCo即將到來的開發項目而可能簽訂的幾份此類協議中的第一份。這些項目目前總計約3,200套,有可能在未來幾年爲Safe & Green Holdings創造超過5億美元的總收入。即使沒有引入更多項目,這些項目也有望利用SG Echo的全部製造能力。”

"The Company is also experiencing solid growth in our manufacturing sales pipeline. Based on an assessment of the current sales pipeline alone, we expect to achieve a factory utilization rate of more than 90% over the next two years. As a result, we continue to expand our manufacturing capacity with our Waldron Manufacturing site receiving its certificate of occupancy, enhancing our production capabilities, and providing the Company with two operational factories, with a third, the McLean manufacturing facility in the design phase and a fourth in the planning phase. Upon completion, these facilities are poised to offer the Company more than 360,000 square feet of manufacturing space within the United States. Looking at our projected growth, as well as the scalability of our manufacturing operations, and aggressive cost reductions allowing Safe and Green to focus on our most profitable operations, we expect the Company to not only turn cash flow positive by the end of 2024 but begin generating meaningful cash flow throughout the balance of the year and beyond. This has truly been a team effort, from our management team to our employees in the factories."

“該公司的製造銷售渠道也實現了穩步增長。僅根據對當前銷售渠道的評估,我們預計未來兩年工廠利用率將達到90%以上。因此,我們繼續擴大我們的製造能力,我們的Waldron Manufacturing工廠獲得了入住證書,增強了我們的生產能力,併爲公司提供了兩座運營工廠,第三座是麥克萊恩製造工廠,第四座處於規劃階段。建成後,這些設施有望爲公司在美國境內提供超過36萬平方英尺的製造空間。從我們的預期增長、製造業務的可擴展性以及使Safe and Green能夠專注於最有利可圖的業務的積極成本削減來看,我們預計公司不僅將在2024年底前實現現金流爲正,而且將在今年餘下的時間及以後開始產生可觀的現金流。從我們的管理團隊到工廠員工,這確實是團隊的共同努力。”

"In 2023, the Company was honored with the opportunity to partner with the Tunnel to Towers Foundation for the creation of a portable modular home known as the Comfort Home Show model. This project was aimed at highlighting the foundation's initiative to assist homeless veterans. This collaboration expanded to include the construction of three modular Comfort Homes in Houston, Texas, further supporting the foundation's mission. Additionally, we agreed in principle, through a non-binding Letter of Intent (LOI) with Soldier On, to develop and manage an 800-unit housing community specifically designed for veterans, first responders, and their families, particularly those with disabilities arising from their service. This unique project envisions not just accommodating individuals with disabilities but also incorporating an 80,000-square-foot manufacturing facility in McClean, Oklahoma, compliant with the Americans with Disabilities Act (ADA). This facility is intended to support the construction of the 800 units as well as provide employment opportunities for injured veterans. We take great pride in our involvement with initiatives aimed at eradicating homelessness among veterans, acknowledging their sacrifices, and facilitating job opportunities for those with service-related disabilities. We are committed to contributing to meaningful efforts that assist veterans in reconstructing their lives, viewing it as both a privilege and a responsibility."

“2023年,該公司很榮幸有機會與塔樓隧道基金會合作,共同創建了一款名爲Comfort Home Show模型的便攜式模塊化住宅。該項目旨在強調該基金會援助無家可歸退伍軍人的舉措。此次合作擴大到包括在德克薩斯州休斯敦建造三套模塊化舒適住宅,進一步支持該基金會的使命。此外,我們原則上同意通過與Soldier On簽訂的不具約束力的意向書(LOI),開發和管理一個800個單元的住房社區,專門爲退伍軍人、急救人員及其家人,尤其是因服役而產生的殘疾人而設計。這個獨特的項目不僅設想爲殘疾人提供住宿,還設想在俄克拉荷馬州麥克萊恩合併一個佔地80,000平方英尺的製造工廠,該工廠符合《美國殘疾人法》(ADA)。該設施旨在支持800個單位的建造,併爲受傷的退伍軍人提供就業機會。我們爲參與旨在消除退伍軍人無家可歸現象、承認他們的犧牲以及爲服務相關殘疾人提供就業機會的舉措感到非常自豪。我們致力於爲幫助退伍軍人重建生活的有意義的努力做出貢獻,將其視爲一種特權和責任。”

"In addition, we recently received a new contract from a government contractor to refurbish 19 modular units that Safe and Green originally built, to be used by a major U.S. government agency. This ongoing collaboration is yet another testament to the exceptional quality of our products as well as our proficiency in modular construction. Furthermore, we received an order to provide additional units to an existing infrastructure solutions customer, which we believe demonstrates even further validation of the quality of our work, the strong value proposition that Safe and Green provides, and the Company's ability to deliver units quickly, sustainably, and cost-effectively."

“此外,我們最近收到了一家政府承包商的新合同,將翻新Safe and Green最初建造的19個模塊化單元,供美國一家主要政府機構使用。這種持續的合作再次證明了我們產品的卓越品質以及我們在模塊化結構方面的熟練程度。此外,我們收到了向現有基礎設施解決方案客戶提供更多設備的訂單,我們認爲這進一步證實了我們的工作質量、Safe and Green提供的強大價值主張以及公司快速、可持續和具有成本效益地交付設備的能力。”

Tricia Kaelin, Chief Financial Officer at Safe & Green Holdings, stated, "During 2023, the Company successfully secured non-dilutive funding, which speaks to the strength of our assets as well as our ability to fund future growth without turning to the equity markets. For example, we entered into an LOI for a sale-leaseback transaction involving our Waldron manufacturing facility located in Durant, Oklahoma in a strategic financial move expected to generate gross proceeds of $2 million to the Company and we expect to receive our ERTC refund of $1.5M subject to IRS final approval. The infusion of capital is intended to free up working capital, providing further support for Safe & Green Holdings' growing customer demand and facilitating its aggressive expansion strategies. The decision to engage in a sale-leaseback transaction further demonstrates our prudent financial management and strategic planning capabilities. By capitalizing on the strong market value of our real estate assets, the Company is well-positioned to accelerate growth and build shareholder value while maintaining a solid financial foundation."

Safe & Green Holdings首席財務官特里西婭·凱林表示:“在2023年,公司成功獲得了非稀釋性融資,這表明了我們的資產實力以及我們在不轉向股票市場的情況下爲未來增長提供資金的能力。例如,我們就一項涉及位於俄克拉荷馬州杜蘭特的Waldron製造工廠的售後回租交易簽訂了意向書,該交易的戰略財務舉措預計將爲公司帶來200萬美元的總收益,我們預計將獲得150萬美元的ERTC退款,但須經美國國稅局最終批准。注入資金旨在騰出營運資金,爲Safe & Green Holdings不斷增長的客戶需求提供進一步支持,並促進其積極的擴張戰略。進行售後回租交易的決定進一步表明了我們謹慎的財務管理和戰略規劃能力。通過利用我們房地產資產的強勁市場價值,公司完全有能力在保持堅實財務基礎的同時加速增長和建立股東價值。”

"In addition, the Company has undergone a thorough review of our operations and has identified reductions of more than $2.5 million in annualized expenses expected to be realized in 2024. Adding these expected cost saves to other already identified cost reductions, we anticipate that our annual operating expense run rate in 2024 will be approximately $2.5 million, a significant reduction from our 2023 run rate," concluded Ms. Kaelin.

“此外,公司對我們的運營進行了全面審查,並確定預計將在2024年減少超過250萬美元的年化支出。將這些預期的成本節省加上已經確定的其他成本削減措施,我們預計2024年的年度運營支出運行率將約爲250萬美元,比2023年的運行率大幅下降,” 凱林女士總結道。

"As we look forward towards 2024, the prospects for Safe & Green Holdings are brighter than ever thanks to the number of projects that we are currently involved in which we believe will keep our factory utilization rate above 90% over the next several years. Revenue from construction services grew substantially in 2023 and we are more confident than ever in the scalability of our business model and eager to continue expanding our presence across the United States. The Company remains dedicated to prudently managing our expenses and enhancing stockholder value for our loyal, long-term stockholders," concluded Mr. Galvin.

“展望2024年,Safe & Green Holdings的前景比以往任何時候都更加光明,這要歸功於我們目前參與的項目數量,我們認爲這些項目將在未來幾年內將工廠利用率保持在90%以上。建築服務收入在2023年大幅增長,我們對商業模式的可擴展性比以往任何時候都更有信心,並渴望繼續擴大我們在美國的影響力。公司仍然致力於謹慎管理我們的開支,爲我們的忠實長期股東提高股東價值。” 高爾文先生總結道。

Financial Results for the Twelve Months Ended December 31, 2023

截至2023年12月31日的十二個月的財務業績

Revenue for the twelve months ended December 31, 2023, was $16.5 million, compared to $24.4 million for the twelve months ended December 31, 2022, reflecting a decrease in medical revenue due to the discontinuation of COVID-19 testing facilities, offset by an increase in construction services revenue.

截至2023年12月31日的十二個月收入爲1,650萬美元,而截至2022年12月31日的十二個月爲2,440萬美元,這反映了由於COVID-19 測試設施停產導致的醫療收入減少,但被建築服務收入的增加所抵消。

Gross profit (loss) for 2023 was ($2.6) million compared to a gain of $3.3 million for 2022, reflecting the costs associated with MedCo and our new factory.

2023年的毛利(虧損)爲(260萬美元),而2022年的收益爲330萬美元,反映了與MedCo和我們的新工廠相關的成本。

Operating expenses for 2023 were $22.2 million, compared to $10.5 million for 2022, due to the costs of activating MedCo and our new factory.

2023年的運營支出爲2,220萬美元,而2022年爲1,050萬美元,這要歸因於激活MedCo和我們的新工廠的成本。

The net loss attributable to common shareholders was approximately ($26.3) million, or ($34.03) per share in 2023, compared to a net loss of ($8.3) million, or $(12.48) per share for 2022.

2023年歸屬於普通股股東的淨虧損約爲2630萬美元,合每股虧損34.03美元,而2022年的淨虧損爲(830萬美元),合每股虧損12.48美元。

The Company's Adjusted EBITDA for the year ended December 31, 2023, was approximately ($16.8) million as compared to Adjusted EBITDA of approximately ($4.0) million for the year ended December 31, 2023. Both EBITDA and Adjusted EBITDA are non-GAAP financial measures. The Company defines EBITDA as GAAP net income (loss) attributable to common stockholders before interest expense, income tax benefit (expense), depreciation and amortization. Adjusted EBITDA is defined as EBITDA before certain non-recurring, unusual or non-operational items, such as litigation expense, stock issuance expense and stock compensation expense. The Company believes that adjusting EBITDA to exclude the effects of these items that are not closely associated with ongoing corporate operations provides management and investors with a meaningful measure that increases period-to-period comparability of the Company's operating performance.

截至2023年12月31日的財年,公司調整後的息稅折舊攤銷前利潤約爲(1,680萬美元),而截至2023年12月31日止年度的調整後息稅折舊攤銷前利潤約爲400萬美元(400萬美元)。息稅折舊攤銷前利潤和調整後息稅折舊攤銷前利潤均爲非公認會計准則財務指標。公司將息稅折舊攤銷前利潤定義爲扣除利息支出、所得稅優惠(支出)、折舊和攤銷前歸屬於普通股股東的GAAP淨收益(虧損)。調整後的息稅折舊攤銷前利潤定義爲扣除某些非經常性、異常或非運營項目的息稅折舊攤銷前利潤,例如訴訟費用、股票發行費用和股票補償費用。該公司認爲,調整息稅折舊攤銷前利潤以排除這些與持續公司運營不密切相關的項目的影響,可以爲管理層和投資者提供一項有意義的衡量標準,可以提高公司經營業績的同期可比性。

The Company believes the presentation of EBITDA and Adjusted EBITDA is relevant and useful by enhancing the readers' ability to understand the Company's operating performance. The Company's management utilizes EBITDA and Adjusted EBITDA as a means to measure performance.

該公司認爲,息稅折舊攤銷前利潤和調整後息稅折舊攤銷前利潤的列報具有相關性和實用性,可增強讀者了解公司經營業績的能力。公司管理層利用息稅折舊攤銷前利潤和調整後息稅折舊攤銷前利潤作爲衡量業績的手段。

The Company's measurements of EBITDA and Adjusted EBITDA may not be comparable to similar titled measurements reported by other companies. EBITDA and Adjusted EBITDA are not measurements of financial performance under GAAP and should not be considered as an alternative to net income (loss) attributable to common stockholders or as an indication of operating performance or any other measures of financial performance derived in accordance with GAAP. The Company does not consider these non-GAAP measures to be substitutes for or superior to the information provided by its GAAP financial results. The non-GAAP information should be read in conjunction with our consolidated financial statements and related notes. These measures also should not be construed as an inference that our future results will be unaffected by the non-recurring, unusual or non-operational items for which these non-GAAP measures make adjustments.

該公司對息稅折舊攤銷前利潤和調整後息稅折舊攤銷前利潤的衡量標準可能無法與其他公司報告的類似標題衡量標準相提並論。息稅折舊攤銷前利潤和調整後息稅折舊攤銷前利潤不是衡量公認會計原則下財務業績的指標,不應被視爲歸屬於普通股股東的淨收益(虧損)的替代方案,也不得作爲經營業績的指標或根據公認會計原則得出的任何其他財務業績指標。公司不認爲這些非公認會計准則指標可以替代或優於其GAAP財務業績提供的信息。非公認會計准則信息應與我們的合併財務報表和相關附註一起閱讀。也不應將這些指標解釋爲推斷我們的未來業績將不受這些非公認會計准則指標調整的非經常、不尋常或非運營項目的影響。

The table below reconciles EBITDA and Adjusted EBITDA, both non-GAAP measures, to GAAP net gain (loss) attributable to common stockholders of Safe & Green Holdings Corp.

下表將息稅折舊攤銷前利潤和調整後息稅折舊攤銷前利潤(均爲非公認會計准則指標)與歸屬於安全與綠色控股公司普通股股東的GAAP淨收益(虧損)進行了對賬

For the Year Ended
December 31, 2023
For the Year Ended
December 31, 2022
Net loss attributable to common stockholders of Safe & Green Holdings Corp. $ (26,282,533) $ (8,319,048)
Addback interest expense 2,608,683 336,239
Addback interest income (119) (73,821)
Addback depreciation and amortization 3,459,286 615,191
EBITDA (non-GAAP) (20,214,683) (7,441,439)
Addback loss on asset disposal 25,265
Addback litigation expense 154,217 664,724
Addback stock-based compensation expense 3,210,631 2,798,844
Adjusted EBITDA (non-GAAP) $ (16,849,835) $ (3,952,606)
截至年底
2023年12月31日
截至年底
2022年12月31日
歸屬於安全與綠色控股公司普通股股東的淨虧損 $ (26,282,533) $ (8,319,048)
加收利息支出 2,608,683 336,239
加計利息收入 (119) (73,821)
加計折舊和攤銷 3,459,286 615,191
息稅折舊攤銷前利潤(非公認會計准則) (20,214,683) (7,441,439)
資產處置的加計虧損 25,265
追加訴訟費用 154,217 664,724
添加基於股票的薪酬支出 3,210,631 2,798,844
調整後的息稅折舊攤銷前利潤(非公認會計准則) $ (16,849,835) $ (3,952,606)

At December 31, 2023, and December 31, 2022, the Company had cash and cash equivalents of $17 thousand and $583 thousand, respectively. As of December 31, 2023, stockholders' equity was ($6.3) million compared to $14.4 million as of December 31, 2022. Additionally, on May 6, 2024, the Company announced the pricing of a $4 million private placement priced at-the-market under Nasdaq rules.

截至2023年12月31日和2022年12月31日,該公司的現金和現金等價物分別爲17,000美元和58.3萬美元。截至2023年12月31日,股東權益爲(630萬美元),而截至2022年12月31日的股東權益爲1,440萬美元。此外,2024年5月6日,該公司宣佈了根據納斯達克規則在市場上定價的400萬美元私募定價。

About Safe & Green Holdings Corp.

關於安全與綠色控股公司

Safe & Green Holdings Corp., a leading modular solutions company, operates under core capabilities which include the development, design, and fabrication of modular structures, meeting the demand for safe and green solutions across various industries. The firm supports third-party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and buildings of higher value. The Company's subsidiary, Safe and Green Development Corporation, is a leading real estate development company. Formed in 2021, it focuses on the development of sites using purpose-built, prefabricated modules built from both wood and steel, sourced from one of SG Holdings' factories and operated by the SG Echo subsidiary. For more information, visit and follow us at @SGHcorp on Twitter.

Safe & Green Holdings Corp. 是一家領先的模塊化解決方案公司,其核心能力包括模塊化結構的開發、設計和製造,以滿足各行各業對安全和綠色解決方案的需求。該公司支持第三方和內部開發商、建築師、建築商和業主實現更快的執行、更環保的施工和更高價值的建築。該公司的子公司安全與綠色開發公司是一家領先的房地產開發公司。它成立於2021年,專注於使用由木材和鋼材建造的專用預製模塊開發場地,這些模塊來自SG Holdings的一家工廠,由SG Echo子公司運營。欲了解更多信息,請訪問並關注我們 Twitter 上的 @SGHcorp。

Safe Harbor Statement

安全港聲明

Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions and include statements regarding the Company's financial results for year-end 2023, the Company's Master Purchase Agreement (MPA) with Safe and Green Development Corporation, the Company's new contract from a government contractor to refurbish 19 container modules to be used by a major U.S. government agency that the Company originally built, the Company's non-binding Letter of Intent (LOI) to design, build, and operate an 800-unit supportive housing community for veterans, first responders, and others who are disabled from their service and interested in manufacturing work, as well as their families, the Company's design-build contract with Hostel Cubed, to produce their first modular camping cube for the California Coast, the "Coastal Camping Cube", the Company's receipt of a purchase order to provide additional modular units to an existing infrastructure solutions customer, the Company being selected by the Tunnels to Towers Foundation to construct a traveling modular home, the Comfort Home Show model, designed to showcase the foundation's Homeless Veterans Program, and the outlook for Safe & Green Holdings. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to execute on the MPA with Safe and Green Development Corporation, the Company's ability to refurbish the 19 container modules to be used by a major U.S. government agency, the Company's ability to design, build, and operate an 800-unit supportive housing community per the Company's non-binding LOI, the Company's ability to fulfill the design-build contract with Hostel Cubed, to produce their first modular camping cube the "Coastal Camping Cube", the Company's ability to construct a traveling modular home, the Comfort Home Show model, for the Tunnels to Towers Foundation, the effect of government regulation, the Company's ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2022 and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

本新聞稿中的某些陳述構成聯邦證券法所指的 “前瞻性陳述”。諸如 “可能”、“可能”、“將”、“應該”、“相信”、“預期”、“估計”、“繼續”、“預測”、“預測”、“項目”、“計劃”、“打算” 或類似表述,或有關意圖、信念或當前預期的陳述,均爲前瞻性陳述。這些前瞻性陳述基於當前的估計和假設,包括有關公司2023年年底財務業績的陳述、公司與安全綠色發展公司的主購買協議(MPA)、該公司與政府承包商簽訂的翻新19個集裝箱模塊供公司最初建造的美國主要政府機構使用的新合同、該公司設計、建造和運營一個擁有800個單元的支持性住房社區的不具約束力的意向書(LOI)對於退伍軍人來說,首先救援人員和其他無法服役並對製造工作感興趣的人及其家人,該公司與Hostel Cubed簽訂了設計建造合同,爲加利福尼亞海岸生產他們的第一個模塊化露營立方體,即 “海岸露營立方體”,該公司收到了向現有基礎設施解決方案客戶提供額外模塊化單元的採購訂單,該公司被Tunnels to Towers基金會選中建造旅行模塊化住宅,即Comfort Home 模型,旨在展示基金會的無家可歸退伍軍人計劃,以及安全與綠色控股的前景。這些前瞻性陳述受到各種風險和不確定性的影響,其中許多風險和不確定性難以預測,這可能導致實際結果與當前的預期和假設與任何前瞻性陳述中提出或暗示的預期和假設存在重大差異。可能導致實際業績與當前預期存在重大差異的重要因素包括公司與安全綠色開發公司合作執行MPA的能力,該公司翻新19個集裝箱模塊供美國主要政府機構使用的能力,公司根據公司不具約束力的意向書設計、建造和運營800個單元的支持性住房社區的能力,該公司履行設計建造合同的能力 Hostel Cubed,將生產他們的第一個模塊化露營立方體”Coastal Camping Cube”、公司建造旅行模塊化房屋的能力、隧道到塔樓基金會的舒適家居展模型、政府監管的影響、公司遵守納斯達克上市要求的能力,以及公司截至2022年12月31日止年度的10-K表年度報告及其隨後向美國證券交易委員會提交的文件,包括隨後的10-Q和8-K表定期報告中所討論的其他因素。本新聞稿中的信息僅在本新聞稿發佈之日提供,除非法律要求,否則我們沒有義務根據新信息、未來事件或其他原因更新本新聞稿中包含的任何前瞻性陳述。

Investor Relations:

投資者關係:

Crescendo Communications, LLC
(212) 671-1020
sgbx@crescendo-ir.com

克雷森多通訊有限責任公司
(212) 671-1020
sgbx@crescendo-ir.com


譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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