OLENOX INDUSTRIES INC. OLOX
operate in the following four segments: (i) manufacturing for construction; (ii) technology; (iii) oil and gas; and (iv) environmental
services. The construction segment designs and constructs modular structures in our factory using recycled shipping containers; in the
past, traditional wood and steel frames were also used. In the technology sector, we offer turnkey solutions to monitor oil and gas operations
remotely and other similar applications. Our oil and gas wells operate in multiple states and in Canada. The environmental services segment
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Construction
- SaaS
- Oil and gas
| Segment | FY2025 |
|---|---|
| Construction | $2.3M |
| SaaS | $377.6K |
| Oil and gas | $288.5K |
As the company reported it, from the “Segment Reporting- Schedule of Segments (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0M | $5.0M | $16.5M | $24.4M | $38.3M | $8.8M | $3.0M | $8.2M | $5.1M | — |
| Cost of revenue | $7.2M | $5.2M | $19.1M | $21.1M | $36.0M | $6.5M | $2.3M | $7.6M | $4.4M | — |
| Gross profit | -$4.3M | -$244.1K | -$2.6M | $3.3M | $2.3M | $2.2M | $677.3K | $542.7K | $633.8K | — |
| SG&A | $6.6M | $3.1M | $6.6M | $4.5M | $40.8K | $40.8K | $1.8M | $2.8M | $1.8M | — |
| Total operating expenses | $9.8M | $9.5M | $19.2M | $10.5M | $8.3M | $6.8M | $7.4M | $5.4M | $3.9M | — |
| Operating income | -$14.1M | -$9.7M | -$21.7M | -$7.2M | -$6.0M | -$4.6M | -$6.7M | -$4.8M | -$3.3M | — |
| Interest expense | $2.9M | $3.1M | $1.4M | $336.2K | — | — | — | — | — | — |
| Pre-tax income | -$18.8M | -$19.7M | -$22.6M | -$7.1M | -$5.9M | -$4.5M | -$6.9M | -$4.8M | -$4.5M | — |
| Income tax | — | — | — | — | — | — | — | — | $2.3M | $894.6K |
| Net income | -$18.8M | -$17.0M | -$26.3M | -$8.3M | -$10.8M | -$4.7M | -$6.9M | -$4.8M | -$4.5M | — |
| EPS, basic | -165.22 | -6,740.61 | -34.03 | -12.48 | -1.16 | — | — | — | — | — |
| EPS, diluted | -165.22 | -6,740.61 | -34.03 | -12.48 | -1.16 | -0.79 | -22.85 | -22.74 | -1.95 | — |
| Shares, diluted (wtd. avg.) | 113,908 | 3,353 | 772,261 | 666,605 | 9.3M | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $427.9K | $375.9K | $14.2K | $582.8K | $13.0M | $13.0M | $1.6M | $1.4M | $4.9M | $549.1K |
| Short-term investments | — | $0 | $0 | $0 | $0 | $0 | $0 | — | $30.0K | $30.0K |
| Receivables | $317.2K | $105.5K | $182.8K | $1.3M | $2.9M | $2.6M | $1.1M | $1.7M | $3.0M | $234.5K |
| Inventory | $330.0K | $471.5K | $156.5K | $465.6K | $1.3M | $778.1K | $0 | $0 | $0 | $9.4K |
| Total current assets | $1.5M | $1.2M | $5.3M | $7.5M | $17.9M | $18.3M | $2.9M | $4.4M | $8.2M | $981.1K |
| Property, plant and equipment | $4.7M | $4.0M | $4.4M | $5.6M | $6.8M | $2.7M | $11.7K | $71.3K | $6.8K | $5.6K |
| Goodwill | $17.4M | — | — | $1.3M | $1.3M | $1.3M | $1.2M | $4.2M | $4.2M | $4.2M |
| Other intangibles | $5.7M | $11.7K | $1.4K | $2.0M | $2.1M | $2.2M | $2.3M | $2.4M | $3.0M | $3.6M |
| Total assets | $36.0M | $6.1M | $17.2M | $26.6M | $34.9M | $26.9M | $6.6M | $11.0M | $15.3M | $8.7M |
| Accounts payable | $12.1M | $9.3M | $9.3M | $4.0M | $3.8M | $3.0M | $2.1M | $2.6M | $2.1M | $350.8K |
| Short-term debt | — | $394.3K | $1.7M | $2.6M | $23.7K | — | — | — | — | — |
| Total current liabilities | $25.8M | $13.8M | $20.5M | $8.3M | $11.6M | $7.2M | $2.3M | $4.0M | $3.8M | $856.5K |
| Long-term debt | $9.7M | $4.7M | $2.4M | $3.4M | — | — | — | — | — | $2.4M |
| Total liabilities | $28.4M | $18.5M | $23.5M | $12.1M | $13.2M | $8.4M | $2.3M | — | $3.8M | $3.3M |
| Retained earnings | -$117.4M | -$98.5M | -$75.9M | -$41.4M | -$33.1M | -$22.3M | -$17.6M | -$10.7M | -$5.8M | -$1.3M |
| Total equity | $7.6M | -$12.5M | -$6.3M | $14.4M | $21.7M | $18.4M | $4.4M | $7.1M | $11.5M | $5.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$7.8M | -$9.3M | -$6.8M | -$5.6M | -$662.8K | -$2.9M | -$2.8M | -$3.5M | -$1.2M | — |
| Depreciation and amortisation | $470.8K | $513.1K | $370.3K | $410.3K | $398.7K | $50.7K | $9.6K | $6.8K | $3.0K | — |
| Stock-based compensation | $434.7K | $1.2M | $653.6K | $2.8M | $1.6M | $1.3M | $729.4K | $396.2K | $701.4K | — |
| Capital expenditure | — | $90.4K | $600.1K | $2.8M | $4.8M | $1.6M | $2.1K | $71.3K | $4.2K | — |
| Investing cash flow | -$4.1M | $111.1K | -$783.0K | -$3.9M | -$9.5M | -$3.0M | -$2.1K | -$50.2K | -$4.2K | — |
| Financing cash flow | $12.0M | $7.7M | $3.3M | -$3.0M | $10.1M | $17.3M | $3.1M | — | $5.6M | — |
| Buybacks | — | — | $42.7K | $49.7K | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-073749.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $5.1M | $8.2M | $3.0M | $8.8M | $38.3M | $24.4M | $16.5M | $5.0M | $3.0M |
| Gross profit | — | $633.8K | $542.7K | $677.3K | $2.2M | $2.3M | $3.3M | -$2.6M | -$244.1K | -$4.3M |
| Net income | — | -$4.5M | -$4.8M | -$6.9M | -$4.7M | -$10.8M | -$8.3M | -$26.3M | -$17.0M | -$18.8M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Accounts can no longer be relied on The company is telling investors that figures it has already published are wrong. Rare, and about as direct as a filing gets. Item 4.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Material agreement signed Item 1.01
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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