SGBX Q2 net loss $5.6M; manufacturing revenue +21% YoY; SG DevCo spin-off approved

OLENOX INDUSTRIES INC.

2023-Q2 EPS reported -$0.64 vs consensus -$3002.88 ▲ beat (+100.0%)

Manufacturing revenue $5.1M (+21% YoY); total revenue $5.1M down 33% as COVID testing ended.
Net loss $5.6M ($0.37/share) vs $1.4M loss ($0.11) in Q2 2022; operating expenses $5.6M.
Adjusted EBITDA loss $2.3M vs +$512k YoY; SG Echo expects positive cash flow in Q3 2023.
SG DevCo spin-off approved; record date Aug 21; Nasdaq listing soon; SGBX distributes 30%, retains 70%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

OLENOX INDUSTRIES INC. reported financial results for the three months ended June 30, 2023.

Period: the three months ended June 30, 2023
Result: reported results

Exact text from the filing

On August 14, 2023, Safe & Green Holdings Corp., a Delaware corporation (the “Company”), issued a press release that included financial information for the fiscal quarter ended June 30, 2023.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

OLENOX INDUSTRIES INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-066560

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.