Safe and Green Holdings Corp (SGBX)

[GM5]

SG Blocks Inc.'s shares rose 8.2% after hours to $5.82 after the company gave its preliminary fourth-quarter and fiscal 2020 outlook.

The construction engineering company, which designs and makes container-based structures, expects revenue for the December quarter to be no less than $5 million, compared with $337,000 in the comparable period a year earlier.

For the year ended Dec. 31, 2020, SG Block estimates revenue will be no less than $6.5 million, higher than the $3 million in revenue it reported in the previous year.

The company said it will reschedule its earnings release for March 25 after the market close, citing delays in its financial review and auditing due to an outbreak of positive Covid-19 cases in its finance and accounting department. It previously scheduled the release of its results for Wednesday.