{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-22-072670","form_type":"8-K","ticker":"OLOX","cik":"0001023994","company_name":"OLENOX INDUSTRIES INC.","filed_at":"2022-11-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.276444+00:00","generated_at":"2026-06-21T18:00:22.093559+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SG Blocks Q3 2022 revenue down 53% to $4.1M; net loss per share improves to $0.18","bullets":["Consolidated revenue $4.1M, down 53% YoY from $8.8M; construction revenue up 334% to $2.7M.","Net loss from continuing ops $2.454M ($0.18/share) vs $3.831M ($0.43/share) a year ago; operating loss narrowed.","Gross profit loss improved to ($0.165M) from ($0.607M); gross margin rose to -4.0% from -6.9%.","Construction backlog $2.59M; SG Echo expects $11.5M expansion with largest client; new U.S. military client added.","Share buyback program commenced with Oppenheimer & Co.; St. Marys manufacturing facility closed."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-22-072670","json":"https://secwatch.observer/filing/0001213900-22-072670.json","markdown":"https://secwatch.observer/filing/0001213900-22-072670.md","text":"https://secwatch.observer/filing/0001213900-22-072670.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1023994/000121390022072670/0001213900-22-072670-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1023994/000121390022072670/ea168728-8k_sgblocks.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T18:00:22.093559+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"80374c286290568ad56ed9e5d45dec876b62e271","claim":"OLENOX INDUSTRIES INC. reported third quarter ended September 30, 2022 results: revenue $4.1 million, net income ($2,454) million, EPS ($0.18) per share.","evidence_excerpt":"Third Quarter 2022 Financial Highlights ● Consolidated Revenues. Third quarter 2022 consolidated revenue was $4.1 million. Revenues fell 53%, or $4.7 million, from third quarter 2021 to third quarter 2022, primarily driven from the decline in the medical segment, offset by the growth in the construction segment. Consolidated revenues are up 612% over a two-year period, driven from strong growth in both the medical and construction segments. ● Construction Revenues. Construction revenue for the third quarter 2022 was $2.7 million compared to $0.6 million for the third quarter 2021, representing an increase of 334%, or $2.0 million. ● Breakdown of Revenues. Revenues generated in the third quarter were primarily driven 65% by construction revenue and 35% by medical revenue. ● Gross Profit. Third quarter gross profit was ($0.165) million, an increase of 73%, or $0.442 million, compared to gross profit of ($0.607) million for the third quarter 2021. Gross profit margin increased from (6.9%)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023994/000121390022072670/0001213900-22-072670-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2022"},{"label":"Revenue","value":"$4.1 million"},{"label":"Net income","value":"($2,454) million"},{"label":"EPS","value":"($0.18) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}