10-K · June 30, 2026
Olenox Industries Inc. continues to grapple with significant financial challenges, reporting a net loss of $18.82 million for 2025, an increase of 45% compared to the previous year's loss of $16.98 million. The company…
Earnings analysis · 10-Q
OLOX earnings analysis
Filed August 19, 2026 · Our reading of the company's report
The latest report
The extracted 10-Q text does not include the income statement, balance sheet, cash-flow statement, or segment results, so current-period revenue, margins, EPS, cash flow, and working-capital trends cannot be assessed.…
Read full summary
The extracted 10-Q text does not include the income statement, balance sheet, cash-flow statement, or segment results, so current-period revenue, margins, EPS, cash flow, and working-capital trends cannot be assessed. The filing is negative from a reporting-quality and liquidity-risk perspective: disclosure controls remained ineffective as of June 30, 2026, management cannot predict when remediation will be complete, and an August 11, 2026 lawsuit seeks $4,674,947.07 from the company as an alleged guarantor. The CS Digital acquisition adds bitcoin-mining exposure, while its final valuation and purchase price accounting remain incomplete.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
-
Material weakness remediation implemented
Management implemented remediation measures during the six months ended June 30, 2026, including enhanced period-end accounting procedures, third-party U.S. GAAP and SEC reporting support, and strengthened accounting resources.
-
Bitcoin mining platform acquired
The CS Digital acquisition closed on May 26, 2026, adding bitcoin-mining operations to the company and creating a new operating platform.
-
Preferred conversion generated equity
Between August 3 and August 14, 2026, conversion of 80 shares of Series C preferred stock resulted in the issuance of 94,117 common shares at a conversion price of $1.00 per share.
-
$1.274 million judgment secured
The company secured a $1.274 million jury judgment against EDI in November 2024, although collection remains uncertain and the matter is proceeding through post-judgment motions.
-
Certain litigation exposures accrued
The company recorded estimated potential losses of approximately $232,000 in the AMEX litigation and approximately $138,000 in the Choctaw litigation as of June 30, 2026.
What to watch
-
Internal controls remain ineffective
Disclosure controls remained ineffective as of June 30, 2026 because of previously reported material weaknesses, creating a reasonable possibility that material misstatements may not be prevented or detected on a timely basis. Management stated it is unable to predict when remediation will be complete.
-
$4.675 million guaranty lawsuit
Enhanced Capital filed suit on August 11, 2026, alleging that Olenox guaranteed SG Echo’s obligations and seeking $4,674,947.07 under a promissory note after SG Echo filed for bankruptcy in April 2026.
-
CS Digital valuation remains incomplete
The company has not completed the final valuation or purchase price accounting for CS Digital, acquired on May 26, 2026. Management warns that a significant difference from pre-closing expectations could materially affect financial results.
-
Declining bitcoin block rewards
Bitcoin mining economics are exposed to a finite supply capped at 21.0 million coins and declining block rewards; approximately 20.0 million bitcoin had been mined and circulating as of December 31, 2025.
-
Hash-rate and equipment competition
Management identifies rising network competition as a risk: the company must grow hash rate cost-effectively, procure specialized miners from a limited supplier base, and obtain sufficient capital to maintain competitiveness.
-
New $1.374 million default judgment
A default judgment was entered against the company in the Rulien litigation on June 24, 2026, involving claimed commissions of $1,373,750; the company has not recorded a liability because it cannot reasonably estimate the possible loss.
Management's outlook
No quantitative revenue or EPS guidance was provided in the extracted 10-Q text; numeric fields are left null. The report does not provide a comparable company outlook to assess whether guidance was raised, maintained, lowered, or withdrawn.
Earlier filings 4
10-Q · November 14, 2025
Safe & Green reported a quarter of declining top-line and sharply wider losses as the company integrates acquisitions. Q3 revenue fell to $1,051,165 (down 40.06% vs. $1,753,223 a year ago) and GAAP net loss widened to…
10-Q · August 14, 2025
Safe & Green reported Q2 revenue of $721,351, down from $1,211,254 in Q2 2024 (-~40.5%), and a GAAP net loss of $4,573,870 (EPS -$0.47) compared with a loss of $4,677,000 (EPS -$3.31) a year ago. Gross profit swung to a…
10-K · April 1, 2025
Safe & Green describes a modular-construction strategy focused on vertically integrated manufacturing (Echo), ESR-certified GreenSteel modules, and growth initiatives in medical and environmental services. Key corporate…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.