Sg Blocks ( (SGBX) ) has released its Q2 earnings. Here is a breakdown of the information Sg Blocks presented to its investors.
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Safe & Green Holdings Corp., formerly known as SG Blocks, Inc., operates in the construction, medical, oil and gas, and environmental sectors, focusing on modular structures and sustainable solutions. In its latest earnings report for the quarter ended June 30, 2025, the company revealed a significant increase in total assets to $53.7 million, up from $6.1 million at the end of 2024, primarily due to acquisitions in the oil and gas sector. However, the company reported a net loss of $7.3 million for the first half of 2025, compared to a loss of $7.5 million in the same period last year. Revenue from construction services declined significantly, while new revenue streams from oil and gas and subscriptions contributed to the overall revenue of $1.3 million. Despite the losses, Safe & Green Holdings Corp. is focused on leveraging its recent acquisitions and strategic alliances to improve its financial position and explore new revenue opportunities in the coming quarters.