---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-024190"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2023-03-30T23:59:59+00:00"
generated_at: "2026-06-17T08:50:05.111653+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Safe & Green Holdings Q4 construction revenue up 476% YoY; net loss $3.3M; pipeline $800M+

## Summary
- Q4 2022 revenue $4.1M (down from $8.5M YoY) as COVID testing ended; construction services revenue $4.2M (+476% YoY).
- Full year 2022 revenue $24.4M (down from $38.3M); net loss $7.9M ($0.59/share) vs $10.8M ($1.16) in 2021.
- Adjusted EBITDA improved to ($4.0M) in 2022 from ($8.0M) in 2021; cash balance $583K at Dec 31, 2022 vs $13.0M a year ago.
- Construction pipeline exceeds $800M; manufacturing capacity expected to support $150M annualized revenue; positive cash flow expected in SG Echo in 2023.
- Anticipates Q2 2023 spin-out of Safe and Green Development Corp (SG DevCo) on Nasdaq; existing shareholders to receive 30% of spin-out; third-party valuation of SG DevCo at ~$74.3M.

## SEC filing metadata
- accession: 0001213900-23-024190
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2023-03-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390023024190/0001213900-23-024190-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390023024190/ea176034-8k_safeandgreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-024190
- JSON: https://secwatch.observer/filing/0001213900-23-024190.json
- Plain text: https://secwatch.observer/filing/0001213900-23-024190.txt

## Key facts
- Earnings Releases
  OLENOX INDUSTRIES INC. reported financial results for the fiscal year ended December 31, 2022.
  - Period: the fiscal year ended December 31, 2022
  - Result: reported results
  source text: On March 29, 2023, Safe & Green Holdings Corp., a Delaware corporation (the “Company”), issued a press release that included financial information for the fiscal year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023024190/0001213900-23-024190-index.htm
- Earnings Releases
  OLENOX INDUSTRIES INC. reported financial results for the fourth quarter of 2022.
  - Period: the fourth quarter of 2022
  - Result: reported results
  source text: Safe & Green Holdings Corp. Reports 476% Year Over Year Increase in Construction Services Revenue for the Fourth Quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023024190/0001213900-23-024190-index.htm

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