SG Blocks Reports First Quarter 2021 Financial Results

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Go back to SG Blocks Reports First Quarter 2021 Financial Results

Sg Blocks, Inc. (SGBX) Misses Q1 EPS by 28c, Revenues Beat

May 17, 2021 4:22 PM EDT

Sg Blocks, Inc. (NASDAQ: SGBX) reported Q1 EPS of ($0.23), $0.28 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $8.9 million versus the consensus estimate of $8 million.

First Quarter 2021 Financial Highlights:

Revenue for the first quarter 2021 is expected to be between $8.9 million and $9.2 million, compared to approximately $199,000 for the first quarter of 2020. The record revenue was achieved despite having several commercial projects that were previously announced being delayed directly and indirectly by the COVID-19 pandemic.Gross profit for the first quarter 2021 is expected to be between $0.9 million and... More