---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-038554"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T03:21:24.341817+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-038554
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390023038554/0001213900-23-038554-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390023038554/ea178347-8k_safeandgreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-038554
- JSON: https://secwatch.observer/filing/0001213900-23-038554.json
- Plain text: https://secwatch.observer/filing/0001213900-23-038554.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023038554/0001213900-23-038554-index.htm

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