---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-066560"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T09:53:49.768064+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001213900-23-066560
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2023-08-14T23:59:59+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/1023994/000121390023066560/0001213900-23-066560-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390023066560/sgbx-20230814.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-066560
- JSON: https://secwatch.observer/filing/0001213900-23-066560.json
- Plain text: https://secwatch.observer/filing/0001213900-23-066560.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023066560/0001213900-23-066560-index.htm

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