MIAMI - Safe & Green Holdings Corp. (NASDAQ: SGBX), a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine, has announced that David Cross, the co-founder and vice president of Sales and Business Development for Safe & Green Holdings, has been chosen to serve on the prestigious Modular Building Institute’s Government Affairs Committee.
This appointment is a significant recognition of Cross’s expertise and experience in the industry. He is a graduate of the renowned Main University, known for its exceptional academic programs in the field of modular building. With this appointment, Cross will now contribute his extensive knowledge and insights to shape the government affairs policies and regulations related to modular structures.
Safe & Green Holdings has been experiencing financial challenges recently. For the 12 months ending in the third quarter of 2023, the company recorded a cumulative net loss of $17 million. This resulted in a negative return on investment (ROI) of -118.94%. The negative ROI reflects the financial difficulties faced by the company during this period.
It is worth noting that within the Basic Materials sector, 249 other companies had a higher return on investment. Safe & Green Holdings’ overall ranking in terms of return on investment has deteriorated compared to the second quarter of 2023, dropping from 3709 to 4066.
Despite these financial setbacks, the selection of David Cross to serve on the Modular Building Institute’s Government Affairs Committee indicates the trust and recognition the industry has in his capabilities. This appointment not only highlights Cross’s expertise but also signifies the potential for Safe & Green Holdings to navigate through its financial challenges with strong leadership.
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