Brief: Safe & Green Holdings Projects Becoming Cash Flow Positive In First 100 Days Of 2024

Olenox Industries

08/12/2023 13:49

Dec 8 (Reuters) - Safe & Green Holdings Corp  SGBX.O :
    * SAFE & GREEN HOLDINGS CORP - PROJECTS BECOMING CASH FLOW
POSITIVE IN FIRST 100 DAYS OF 2024
    * SAFE & GREEN HOLDINGS CORP - REPORTS REDUCTION OF OVER
$2.5
MILLION IN ADDITIONAL ANNUALIZED EXPENSES EXPECTED TO BE
REALIZED IN 2024
    * SAFE & GREEN HOLDINGS- SEES TO TURN CASH FLOW POSITIVE
WITHIN
FIRST 100 DAYS OF 2024, BEGIN GENERATING MEANINGFUL CASH FLOW
THROUGH YEAR, BEYOND
    * SAFE & GREEN HOLDINGS CORP - NOW SUSPENDING CERTAIN
MEDICAL
PROJECTS AND IMPLEMENTING A REDUCTION IN PAYROLL AND CONSULTING
FEES FOR MEDICAL DIVISION
    * SAFE & GREEN HOLDINGS CORP - EXPECT TO ACHIEVE A FACTORY
UTILIZATION RATE OF MORE THAN 90% OVER NEXT TWO YEARS
    * SAFE & GREEN HOLDINGS - SUBSIDIARY TO GENERATE MEANINGFUL
REVENUE FROM $800 MILLION OF PLANNED DEVELOPMENT PROJECTS AT
SAFE AND GREEN DEVELOPMENT CORPORATION
    * SAFE & GREEN HOLDINGS CORP -  SUSPENDING CERTAIN MEDICAL
PROJECTS WILL FURTHER REDUCE OUR ANNUALIZED OPERATING EXPENSES
BY $2.5 MILLION IN 2024
    * SAFE & GREEN HOLDINGS CORP - CONTINUE TO LOOK FOR WAYS TO
FURTHER REDUCE COSTS AND INCREASE PROFITABILITY

Source text for Eikon:  ID:nBwbxj1xma 
Further company coverage:  SGBX.O 

 ((reuters.briefs@thomsonreuters.com;))