Olenox Industries
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Olenox Industries (OLOX) investor relations material

Olenox Industries Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary19 Aug, 2026

Executive summary

  • Vertically integrated energy and digital infrastructure operator with segments in construction, SaaS, oil and gas, and crypto mining. Acquisition of CS Digital Ventures in May 2026 established the Crypto Mining segment, contributing significant revenue growth. SG Echo, a construction subsidiary, filed for Chapter 11 in April 2026 but continues operations as debtor-in-possession.

Financial highlights

  • Total revenue for Q2 2026 was $2.12M, up 193.7% year-over-year; six-month revenue was $2.40M, up 86.7% year-over-year, driven by $1.45M in crypto mining revenue post-acquisition.

  • Gross profit for Q2 2026 was $247K (gross margin 11.7%), compared to a gross loss of $994K (margin -137.9%) in Q2 2025. Six-month gross profit was $141K (margin 5.9%), versus a loss of $1.32M (margin -102.4%) in 2025.

  • Net loss for Q2 2026 was $3.24M, improved from $4.57M in Q2 2025; six-month net loss was $5.91M, improved from $7.32M in 2025.

  • Cash and equivalents at June 30, 2026 were $1.21M, up from $428K at year-end 2025; working capital deficit was approximately $22.9M.

  • Stockholders' equity increased to $19.36M from $7.59M at year-end, mainly due to $14M in Series E Preferred Stock issued for the CS Digital acquisition and $1.55M from Series C Preferred Stock sales.

Outlook and guidance

  • Management intends to meet capital needs through operational revenue, cost containment, alliances, and additional financing, but there is no assurance of success. No committed sources of additional financing currently exist.

  • The company expects to satisfy its construction backlog of $1.12M within one year.

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Frequently asked questions

Safe & Green Holdings Corp (formerly SG Blocks, Inc.) designs and modifies code-engineered cargo shipping containers and purpose-built modules for commercial, industrial, and residential building construction in the United States. It provides modules to be used in sustainable modular construction that consist of cargo shipping containers modified into structural building blocks to meet the increasing demand for green and sustainable construction. The company offers its products through direct sales, brokers, representatives, and construction partners.