secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001213900-23-024190
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390023024190/0001213900-23-024190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390023024190/ea176034-8k_safeandgreen.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-024190

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