secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001213900-22-072670
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390022072670/0001213900-22-072670-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390022072670/ea168728-8k_sgblocks.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-072670

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