secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001213900-23-038554
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390023038554/0001213900-23-038554-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390023038554/ea178347-8k_safeandgreen.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-038554

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