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
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.) | $113.9K | $3.4K | $772.3K | $666.6K | $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.
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