Safe & Green Holdings Corp.
Q1 2021 Earnings Call Transcript

Published: 17 May 2021

[Operator:]

Good day and welcome to SG Blocks’ Incorporated First Quarter 2021 Results Conference Call. Please note, this event is being recorded. I would like to turn the conference over to Stephen Swett of Investor Relations. Please go ahead.

[Stephen Swett:]

Good afternoon. Thank you all for joining us for our first quarter 2021 call. With me today is Paul Galvin, Chief Executive Officer of SG Blocks. A press release detailing our results was issued this afternoon just after the market close and is available on the company's website at www.sgblocks.com. Before I turn the call over to Paul, please remember that certain statements made during this presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts contained in this presentation, including statements regarding the company's future operations and financial position, business strategy, and plans and objectives of management for future operations are forward-looking statements.

[Paul Galvin:]

Thank you Steve. I’m extremely pleased to report that SG Blocks had another record quarter and we are on track to another record year. The work we did in 2020 set us up to reap the benefits at the bottom line and our results demonstrate the progress we have made in all fronts. First quarter revenue set a new benchmark, and it comes on the heels of an explosive Q4 2020, which produced $7.4 million in revenue. In total, the past six months have generated in excess of $16 million in revenue. And we believe we can sustain our momentum into 2021. Last year, we made the decision to raise growth capital proactively, control our means of production, and build a pipeline for growth. We have built out multiple verticals, and we now control our own destiny by focusing on the best opportunities we see. We thank our staff, consultants, attorneys, partners and board for their focus effort. Let me now discuss recent activity. In our medical testing and services vertical, we are now providing innovative structures, labs and testing strategies deployable at key locations for much needed point of care, access to healthcare. Our award winning detect lab has proven to be highly functional, and deployable as a cost effective solution to solve local healthcare needs. In January, we executed an agreement with National Pain Centers to provide COVID-19 testing for passengers, airport employees and the public at-large near Chicago’s O’Hare airport. Our facility was subsequently re-leased to a consortium of government entities at a profit, demonstrating the value of our services and the location in which we can quickly deploy.

[Operator:]

The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.

[End of Q&A:]