SG Blocks, Inc. (NASDAQ:SGBX) is reporting third quarter financial results on Monday 16th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, SGBX is expected to report 3Q20 revenue of $ 3.70 million.
For the full year, analysts anticipate top line of $ 9.90 million.
Previous Quarter Performance
SG Blocks, Inc. came out with loss for the second quarter of $ 0.16 per share, from the revenue of $ 0.63 million. The quarterly revenues raised 231.58 percent compared with the same quarter last year. Wall street analysts are predicting, SGBX to report 2Q20 income of $ 0.04 per share from revenue of $ 3.70 million. The bottom line results missed street analysts by $ 0.2 or 500 percent, at the same time, top line results fell short of analysts by $ 3.07 million or 82.97 percent.
Stock Performance
On Friday, shares of SG Blocks, Inc. has traded high as $ 2.42 and has cracked $ 2.33 on the downward trend, reaching $ 2.38 with volume of 188.50 thousand shares.
According to the previous trading day, closing price of $ 2.38, representing a 102.59 % increase from the 52 week low of $ 1.16 and a 75.87 % decrease over the 52 week high of $ 9.74.
The company has a market capital of $ 20.46 million and is part of the Industrials sector and Metal Fabrication industry.
Conference Call
SG Blocks, Inc. will be hosting a conference call at 4:30 PM eastern time on 16th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 1-855-327-6837 or 1-631-891-4304 Toll Number, with passcode : 10011924 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.sgblocks.com
SG Blocks, Inc. engages in fabricating modules for construction of buildings in the United States. The company redesigns, repurposes, and converts heavy-gauge steel cargo shipping containers into green building blocks for commercial, industrial, and residential building construction; and purpose-built modules, or prefabricated steel modular units for construction.
