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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.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.
- Q1 2026 saw a 50% revenue drop, deepening losses, liquidity risks, and a key subsidiary bankruptcy.OLOX
Q1 2026 - $500M modular project pipeline and major brand partnerships drive growth.OLOX
Investor presentation - Revenue dropped 41% and net loss widened to $18.8M, with ongoing liquidity and operational risks.OLOX
Q4 2025 - Shareholders are asked to approve key governance, capital, and merger proposals at the 2025 meeting.OLOX
Proxy Filing - Meeting adjourned for lack of quorum; new date to be set after recent company name change.OLOX
AGM 2026 - Annual meeting adjourned for lack of quorum; reconvening set for January 28, 2026.OLOX
Proxy Filing - Registering 8.7M shares for resale after $4.05M placement; growth and Nasdaq compliance in focus.OLOX
Registration Filing - Ten key proposals, including director elections and capital changes, up for shareholder vote.OLOX
Proxy Filing - Shareholders will vote on a merger, major stock increases, and key governance changes.OLOX
Proxy Filing
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