[abrupt start] Key blocks and select the space title dollar sign the SGBX 3Q 2022 Earnings Call. [Operator Instructions] SG Blocks is also making this call available to listeners through traditional landline and webcasting. At this time, all participants are in listen-only mode. A question-and-answer session will follow. This conference is being recorded. A press release detailing the company’s results was issued after the market closed at 4:05 P.M. is now available both in the investor relations section of the company’s website at www.sgblocks.com. A replay of this conference call will be available for 30-days immediately after this call on the SG Blocks' Twitter page. Before I turn the call over to Paul, please remember that various remarks about future expectations, plans, and prospects made on today's call constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. SG Blocks cautions that these forward-looking statements are subject to risks and uncertainties that may cause their actual results to differ materially from those indicated including risks described in the company’s filings with the SEC. These forward-looking statements are subject to a number of risks and uncertainties, which are described in the company's filings with the SEC. Any forward-looking statements made on this conference call speak only as of today's date, Monday, November 14th, 2022. SG Blocks does not intend to update any of these forward-looking statements to reflect events or circumstances that occur after today. With all that being said, I am now pleased to introduce Paul Galvin, Chairman and CEO of SG Blocks.

Thank you, Mark, and welcome to all. We are excited to be hosting our second earnings call on Twitter Spaces. We appreciate everyone that joined us last quarter on the call and listen to our company history and overview. We've provided a slide deck on our website as well as the 10-Q filing to provide new listeners and investors a chance to become familiar with our product and service offerings. While shipping containers will always be one of our favorite product offerings, we now have four segments that will provide diversification of our offerings to customers with the capacity to serve a broader group of industries. SG Blocks is comprised with our partnership, Clarity Mobile, our partnership with Sanitec to form our SG Environmental Solution Group, wholly-owned SG ECHO and wholly-owned SG Dev Corp divisions. Our manufacturing division offers three customized solutions for clients including green steel, white box, and finished modular products. Our manufacturing facilities deliver these products to third parties and internally to both our medical and development segments as well. And we'll discuss later our manufacturing footprint how was expanded in the last year, and how we're excited about our additional capacity and capabilities the new additions will bring. Our medical segment proved to be our most lucrative business segment throughout COVID as we turned our focus to provide materials and testing supplies and communities as well as the airport. As part of our medical business unit, we are able to shift our production lines to produce a full suite of solutions ranging from PCR to diagnostic and turnkey buildings ready for installation and services. Our partner Clarity Labs is a perfect example, that selected SG Blocks for our ability to accelerate the speed of deployment of our CLIA-certified labs at LAX airport. We provided them our…

Thank you so much, Paul. With the conclusion of the company's prepared remarks, we'll now open the floor for the question-and-answer portion. [Operator Instructions] Now, first off, let's bring Charlie to the floor. And Charlie, this is your second time asking questions on Twitter Spaces, but it's the first time that I realized that you were the number 17 right kicker in the country and number three in Texas. So please come up and give us the question.

Yeah. Thank you, Mark. Yeah. I just wanted to ask that throughout the last few quarters, we have not seen huge revenue growth in spite of numerous amount of press releases hinting at huge potential revenue in the future. You talked about $800 million in backlog and $120 million in potential gross profit. And I just wanted to ask, if potential investors should be expecting revenue to grow slowly and exponentially, or if 1,000% quarter-over-quarter increase should not be out of the realm of possibilities?

Sure. And thanks for the question. This is Mark speaking. I'll handle that one. So in terms of growing exponentially or future guidance, the company has offered what their future guidance will look like for fiscal year 2023. That's as far as the company is willing to say. Depending on the analysis that you're taking, we've offered the amount of backlog of pipeline for you to be able to take that. And take that for what you will. It's what's available to the company. I think that what everyone has been able to see is the growth story that the company has been able to achieve going into COVID, through COVID and now a normalization in terms of the Medical segment revenue coming out of COVID and now what a lot of growth stories are and where the opportunity is. So with that, that's all that we feel free to comment right now.

All right. Thank you, Mark.

Also that, $800 million coming from the projects that we're developing, that's going to be built out and earned over three to five years. So as people look down the road, those things have to be built and set and absorbed.

So should that $800 million be -- got in throughout the five years. So within the next five years, would $800 million in revenue be possible?

The amount of revenue that is based off of contract amounts that is in the pipeline is something the company will be working through three to five years, as Paul just said.

Okay. That's it. Thank you.

Fantastic. Now, are there any other questions out there? I see Dr. Pareek Patel out there, Andrew Stella, who I know is a scholar in the small-cap space, as well as official money raccoon. Other than that, if there are no further questions, we have Dave Putman. Dave, we'll be bringing you up.

Hello, can you hear me?

Yes.

Thanks for taking my questions. I know in the past few years or so, the margins on the SG Echo builds were on the lower side, and the hope, I think, was for SG Dev Corp in the future to have higher margins. And I was curious, when it comes to the recent increase in the $11.5 million deal, which references SG Echo, does that mean that the margin is still on the low side for those types of deals? Or are margins going to improve now that SG Dev Corp is in play or comment--?

Yeah, I appreciate the question. We're never going to speak specifically about any one client, especially one that has us under an NDA. But most of our projects at SG Echo operate on an 18% to 20% margin, and that includes some baked-in overhead. I would caveat that the projects from the SG development company into SG's factories, those will be delivered at an open book 15% margin, so that there's transparency for any of our internal projects on the partners. Any partners on those projects, they'll be able to see and finance and budget.

Okay. Thanks a lot.

And with that, this concludes our earnings call. We appreciate everyone tuning in. We encourage you to sign up for investor updates on the Investor Relations portion of the SG Blocks website. And stay tuned for more interesting developments that may affect some people on this call in the future. Thank you, and have a great evening.

Thank you. This concludes your program. You may disconnect at any time.