Safe & Green reports Q1 revenue $5.5M; construction services up 230% YoY; net loss $3.2M

OLENOX INDUSTRIES INC.

2023-Q1 EPS reported -$0.25 vs consensus -$1044.48 ▲ beat (+100.0%)

Construction services revenue of $5.5M in Q1 2023, a 230% increase from prior-year period.
Net loss attributable to common shareholders of $3.2M ($0.22 per share) vs $717k loss in Q1 2022.
Adjusted EBITDA loss of $2.0M vs positive $239k in Q1 2022; cash fell to $1.5M from $13.1M.
SG Echo manufacturing expected to turn cash flow positive in Q3 2023; Waldron facility ready for production.
Backlog of 4,000+ units with $800M gross potential value; SG DevCo spin-out anticipated within 90 days.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OLENOX INDUSTRIES INC. reported financial results for the fiscal quarter ended March 31, 2023.

Period: the fiscal quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On May 11, 2023, Safe & Green Holdings Corp., a Delaware corporation (the “Company”), issued a press release that included financial information for the fiscal quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001213900-23-038554

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