---
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"
generated_at: "2026-06-21T18:00:22.093559+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SG Blocks Q3 2022 revenue down 53% to $4.1M; net loss per share improves to $0.18

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-072670
- JSON: https://secwatch.observer/filing/0001213900-22-072670.json
- Plain text: https://secwatch.observer/filing/0001213900-22-072670.txt

## Key facts
- Earnings Releases
  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.
  - Period: third quarter ended September 30, 2022
  - Revenue: $4.1 million
  - Net income: ($2,454) million
  - EPS: ($0.18) per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390022072670/0001213900-22-072670-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.