Olenox Industries (OLOX) AI Stock Analysis

• Market Cap: $11.44M
• Dividend Yield: N/A
• Average Volume (3M): 14.71M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.87
• Revenue Growth: -43.44%
• EPS Growth: 85.17%
• Country: US
• Employees: 31
• Sector: Industrials
• Sector Strength: 72
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): -12.68
• Shares Outstanding: 9,609,436
• 10 Day Avg. Volume: 35,232,770
• 30 Day Avg. Volume: 14,712,537
• PEG Ratio: <0.01
• Price to Book (P/B): -0.08
• Price to Sales (P/S): 0.21
• P/FCF Ratio: -0.10
• Enterprise Value/Market Cap: 1.45
• Enterprise Value/Revenue: 4.89
• Enterprise Value/Gross Profit: -5.60
• Enterprise Value/Ebitda: -1.08
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: $1.00 ▼(-58.51% Downside)
• Action: Upgraded Date: 01/21/26
• Date: Action: Upgraded 01/21/26

The score is weighed down primarily by severe unprofitability and weak cash generation, reinforced by a strong technical downtrend (below key moving averages with negative MACD). Corporate actions provide some potential upside, but do not outweigh the current fundamental and momentum risks.

Positive Factors

Manageable leverage

A debt-to-equity ratio around 0.49 and a ~46% equity ratio indicate manageable leverage and structural capacity to finance working capital, projects, or acquisitions without excessive interest burden. Over the next 2-6 months this balance-sheet headroom supports strategic optionality and reduces acute insolvency risk while the company executes a turnaround.

Strategic corporate actions

Recent structural moves — rebranding, an acquisition with a stated contract pipeline, and a private placement — can materially reshape long-term prospects if integration and deployment of capital succeed. These actions can expand backlog, provide growth avenues, and improve liquidity, creating durable revenue and partnership opportunities beyond short-term market swings.

Modular construction model

The company’s focus on sustainable, prefabricated modular buildings targets durable industry trends: demand for faster, lower-cost, and eco-friendly construction. This business model offers scalable, project-based revenues, potential licensing or partner integration, and competitive differentiation that can sustain growth and margins if operations and sales execution improve.

Negative Factors

Deep unprofitability

Severely negative gross and net margins mean product or project costs substantially exceed revenue. This structural loss-making undermines retained equity and prevents reinvestment into operations. Without sustainable margin recovery (pricing, cost reductions, or project mix shifts), the company faces persistent value erosion and increased reliance on external financing over the medium term.

Weak cash generation

Negative operating and free cash flows with FCF growth down ~47% signal worsening ability to self-fund projects and working capital. Structurally weak cash generation increases dependency on dilutive equity or debt, constrains investment in backlog fulfillment, and raises refinancing and liquidity risk over several months absent a clear path to positive cash conversion.

Governance / shareholder engagement risk

Repeated adjournments for lack of quorum point to low shareholder engagement and governance weaknesses. This structural problem can impede timely approvals for financing, board changes, or strategic transactions, complicating execution of turnaround plans and increasing the risk that management cannot secure necessary stakeholder support for durable recovery initiatives.

Olenox Industries Business Overview & Revenue Model

Company Description

Olenox Industries Inc. provides prefabricated modular structures using wood or steel as the base material for residential and commercial use in the United States. The company operates through three segments: Construction; Medical; and Development and Environmental. It provides fabricated and finished buildings, including floors, windows, doors, interior painting, electrical wiring and fixtures, plumbing outlets and bathrooms, roofing systems, as well as construction administration and/or project management services. The company also offers turnkey solutions to medical testing and treatment businesses; builds green single or multifamily projects; and offers medical and waste management solution that has a patented technology to collect waste and treat waste for safe disposal. It serves governments, hotels, offices, the medical community, contractors, home builders, building owners, and other resellers. The company was formerly known as Safe & Green Holdings Corp. and changed its name to Olenox Industries Inc. in January 2026. Olenox Industries Inc. was founded in 2007 and is headquartered in Miami, Florida.

How the Company Makes Money

Sg Blocks generates revenue through the sale of its modular building solutions, which includes custom-designed shipping container structures and related construction services. The company's revenue model is primarily based on direct sales to developers, contractors, and individual clients who are looking for sustainable construction alternatives. Key revenue streams include project contracts for specific building projects, design and engineering services, and potential licensing agreements for its proprietary construction methods. Additionally, SGBX may benefit from strategic partnerships with real estate developers or construction firms that seek to incorporate its modular solutions into larger projects, thereby expanding its market reach and enhancing its earnings potential.

Olenox Industries Financial Statement Overview

Summary

Financials are very weak: deeply negative gross margin (-67.08%) and net margin (-591.04%), revenue down 17.19%, and negative operating/free cash flow with worsening FCF growth (-47.08%). Leverage looks manageable (D/E 0.49), but the highly negative ROE (-134.41%) and persistent losses dominate the picture.

Income Statement

The income statement reveals significant challenges for Sg Blocks, with negative gross and net profit margins indicating unprofitability. The TTM (Trailing-Twelve-Months) data shows a gross profit margin of -67.08% and a net profit margin of -591.04%, highlighting severe cost management issues. Revenue has declined by 17.19% compared to the previous period, further exacerbating the financial strain. The EBIT and EBITDA margins are also deeply negative, reflecting operational inefficiencies.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 0.49, suggesting manageable leverage levels. However, the return on equity is highly negative at -134.41%, indicating that the company is not generating returns for its shareholders. The equity ratio stands at 46.07%, which is relatively stable, but the overall financial health is compromised by persistent losses and negative equity in previous periods.

Cash Flow

Cash flow analysis reveals a concerning picture with negative operating and free cash flows. The TTM free cash flow growth rate is -47.08%, indicating worsening cash generation capabilities. The operating cash flow to net income ratio is -0.17, showing that operating activities are not supporting profitability. Despite a free cash flow to net income ratio of 1.11, the absolute negative cash flows highlight liquidity challenges.

Breakdown	TTM	Mar 2025	Mar 2024	Dec 2022	Mar 2022	Mar 2021
Income Statement
Total Revenue	3.38M	4.98M	16.52M	24.39M	38.34M	8.76M
Gross Profit	-2.95M	-244.00K	-2.56M	3.25M	2.33M	2.22M
EBITDA	-15.33M	-15.01M	-18.14M	-5.49M	-5.34M	-4.30M
Net Income	-19.25M	-16.98M	-26.28M	-8.32M	-10.83M	-4.69M
Balance Sheet
Total Assets	54.11M	6.07M	17.21M	26.56M	34.92M	26.88M
Cash, Cash Equivalents and Short-Term Investments	3.02M	375.87K	17.45K	582.78K	13.02M	13.01M
Total Debt	12.19M	6.89M	12.32M	7.66M	3.93M	1.54M
Total Liabilities	29.17M	18.53M	23.55M	12.12M	13.21M	8.44M
Stockholders Equity	24.94M	-12.46M	-7.46M	14.82M	20.35M	18.25M
Cash Flow
Free Cash Flow	-5.24M	-10.99M	-7.84M	-8.46M	-5.53M	-4.46M
Operating Cash Flow	-4.80M	-10.90M	-7.14M	-5.63M	-662.76K	-2.89M
Investing Cash Flow	-2.06M	6.70K	-864.82K	-3.85M	-9.47M	-3.05M
Financing Cash Flow	9.63M	11.25M	7.44M	-2.96M	10.15M	17.32M

Olenox Industries Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.41
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OLOX, the sentiment is Negative. The current price of 2.41 is above the 20-day moving average (MA) of 1.06, above the 50-day MA of 1.29, and below the 200-day MA of 14.27, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.27 is Neutral, neither overbought nor oversold. The STOCH value of 28.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for OLOX.

Olenox Industries Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HIHO	52 Neutral	$3.82M	-15.91	-8.38%	9.60%	-19.68%	-2.61%
MTEN	47 Neutral	$1.82M	-13.20	-81.84%	―	―	―
AP	46 Neutral	$134.76M	―	-8.61%	―	0.20%	88.39%
TPCS	42 Neutral	$36.14M	-8.20	-13.31%	―	1.15%	94.58%
OLOX	41 Neutral	$11.44M	-0.14	-134.41%	―	-43.44%	85.17%