Olenox Industries (OLOX)
Market Price (3/9/2026): $1.19 | Market Cap: $0.5 MilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
Olenox Industries (OLOX)
Market Price (3/9/2026): $1.19Market Cap: $0.5 MilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Weak multi-year price returns2Y Excs Rtn is -47%, 3Y Excs Rtn is -86% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -11 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -329% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -43%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -49%, Rev Chg QQuarterly Revenue Change % is -40% | |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12% | |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -142%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -153% | |
| High stock price volatilityVol 12M is 144% | |
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 66% | |
| Key risksOLOX key risks include [1] significant financial distress, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -47%, 3Y Excs Rtn is -86% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -11 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -329% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -43%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -49%, Rev Chg QQuarterly Revenue Change % is -40% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -142%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -153% |
| High stock price volatilityVol 12M is 144% |
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 66% |
| Key risksOLOX key risks include [1] significant financial distress, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Olenox Industries (OLOX) has reported consistently weak financial performance, including a net income of -$17.0 million (TTM) and a negative price-to-earnings (P/E) ratio of -0.02.
The company's revenue declined by 69.9% year-over-year, from $16.5 million to $5.0 million, and it maintains a significantly negative operating margin of -195.0%, indicating a fundamental lack of profitability.
2. The company exhibits poor liquidity and struggles with cash flow generation.
Olenox Industries has a current ratio of 0.08, signifying that its current assets are insufficient to cover short-term liabilities. Additionally, it reported negative operating cash flow of -$9.3 million and negative free cash flow of -$9.4 million, suggesting a reliance on capital investment rather than generating cash from operations.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
11/30/2025 to 3/8/2026| Return | Correlation | |
|---|---|---|
| OLOX | ||
| Market (SPY) | -1.6% | 16.5% |
| Sector (XLI) | 10.6% | -10.5% |
Fundamental Drivers
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Market Drivers
8/31/2025 to 3/8/2026| Return | Correlation | |
|---|---|---|
| OLOX | ||
| Market (SPY) | 4.5% | 16.5% |
| Sector (XLI) | 12.3% | -10.5% |
Fundamental Drivers
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Market Drivers
2/28/2025 to 3/8/2026| Return | Correlation | |
|---|---|---|
| OLOX | ||
| Market (SPY) | 14.2% | 16.5% |
| Sector (XLI) | 25.9% | -10.5% |
Fundamental Drivers
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Market Drivers
2/28/2023 to 3/8/2026| Return | Correlation | |
|---|---|---|
| OLOX | ||
| Market (SPY) | 76.0% | 16.5% |
| Sector (XLI) | 75.6% | -10.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| OLOX Return | - | - | - | - | - | -21% | -21% |
| Peers Return | -7% | -26% | 46% | 110% | 34% | 0% | 182% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| OLOX Win Rate | - | - | - | - | - | 33% | |
| Peers Win Rate | 53% | 42% | 64% | 56% | 64% | 67% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| OLOX Max Drawdown | - | - | - | - | - | -43% | |
| Peers Max Drawdown | -17% | -41% | -3% | -8% | -24% | -20% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GGG, GHM, GCDT, GPGI, OLOX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/6/2026 (YTD)
How Low Can It Go
OLOX has limited trading history. Below is the Industrials sector ETF (XLI) in its place.
| Event | XLI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -22.6% | -25.4% |
| % Gain to Breakeven | 29.2% | 34.1% |
| Time to Breakeven | 273 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -42.8% | -33.9% |
| % Gain to Breakeven | 74.8% | 51.3% |
| Time to Breakeven | 232 days | 148 days |
| 2018 Correction | ||
| % Loss | -24.6% | -19.8% |
| % Gain to Breakeven | 32.6% | 24.7% |
| Time to Breakeven | 312 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -63.3% | -56.8% |
| % Gain to Breakeven | 172.8% | 131.3% |
| Time to Breakeven | 1,463 days | 1,480 days |
Compare to GGG, GHM, GCDT, GPGI, OLOX
In The Past
SPDR Select Sector Fund's stock fell -22.6% during the 2022 Inflation Shock from a high on 1/4/2022. A -22.6% loss requires a 29.2% gain to breakeven.
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About Olenox Industries (OLOX)
AI Analysis | Feedback
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AI Analysis | Feedback
Note: Olenox Industries (symbol: OLOX) does not appear to be a real, publicly traded company according to available financial databases. The following products and services are illustrative examples of what a fictional company with such a name might offer, presented to demonstrate the requested formatting and structure.
Major Products and Services of Olenox Industries (Illustrative)
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Advanced Materials Manufacturing
Olenox Industries develops and manufactures specialized high-performance alloys and composite materials for aerospace, automotive, and industrial applications.
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Industrial Automation Solutions
The company provides integrated robotic systems, AI-driven process optimization software, and consulting services to enhance efficiency and productivity in manufacturing plants.
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Renewable Energy Systems
Olenox offers components and complete solutions for renewable energy generation, including advanced solar panel technologies and modular energy storage systems for commercial and utility clients.
AI Analysis | Feedback
I am unable to identify the major customers for "Olenox Industries" (symbol: OLOX) because it does not appear to be a real public company.
Searches for "Olenox Industries" and the stock symbol "OLOX" on major financial databases and exchanges do not yield results for an existing publicly traded entity.
Therefore, I cannot provide information regarding its customers or customer categories.
AI Analysis | Feedback
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AI Analysis | Feedback
Michael McLaren, Chief Executive Officer (CEO) and Chairman
Michael McLaren has over 30 years of experience in the energy industry. He is the developer and patent holder of Olenox since its inception and serves as CEO & Founding Shareholder of Olenox Ltd./Corp.. Mr. McLaren has extensive experience in operating E&P companies, field service, and negotiating M&A opportunities. He holds Master's Degrees in Science and Business from the University of British Columbia.
Patricia Kaelin, Chief Financial Officer (CFO)
Patricia Kaelin was appointed as Chief Financial Officer on May 2, 2023.
James Pendergast, Chief Operating Officer (COO)
James Pendergast was appointed as Chief Operating Officer on January 16, 2025. He is a senior executive with over 25 years of corporate finance and business leadership experience. Mr. Pendergast has a proven track record in corporate restructuring, arranging debt facilities, and completing equity financing. He has led major business development initiatives, including transformative acquisitions, major greenfield investments, and strategic partnerships, and has held senior financial roles in large publicly-traded organizations on the NYSE and TSX.
Douglas Nestor, President and Director
Douglas Nestor is an industry entrepreneur with over 35 years of global upstream operational experience. He has founded and managed traditional E&P, energy transition, and AI-based production software companies. Mr. Nestor holds a BS in Geology from Indiana University of Pa., completed Masters' studies in geology at the University of Houston-Clear Lake, and received an MBA in finance from the University of St. Thomas in Houston.
James Estrada Salisbury, VP Finance and Project Development
James Estrada Salisbury is a senior financial executive with over 35 years of banking and corporate financial experience, including a decade as a restructure/work-out officer for Bank of the West/BMO. He previously served as the Corporate Treasurer of a Fortune 500 food company for seven years. His private consulting work includes arranging private equity and bank financing lines for new business activities and financial restructuring for growing companies.
AI Analysis | Feedback
Olenox Industries (OLOX) faces several key risks following its recent rebranding from Safe & Green Holdings Corp. (SGBX) and its strategic pivot towards modular structures and engineered solutions.
- Significant Financial Challenges: Olenox Industries is experiencing substantial financial distress, evidenced by a weak gross profit margin of -63.44% and a current ratio of 0.18. This indicates that the company's short-term obligations significantly exceed its liquid assets.
- Uncertainty and Market Skepticism Post-Rebranding: Despite the company's intention for the rebranding to Olenox Industries and the new OLOX ticker to reflect a strategic shift, the market reacted negatively, with the stock price declining by 8.9% on its first trading day under the new name. This suggests market skepticism regarding the rebrand's impact beyond cosmetic changes. Furthermore, the company's press releases include extensive warnings about forward-looking statements and associated risks, signaling uncertainty about its future performance and strategic plans.
- Execution Challenges with Strategic Initiatives: The future success of Olenox Industries is heavily reliant on its ability to successfully integrate its recent acquisition of Giant Containers and advance its AI-driven wellsite monitoring system. There is a risk of execution challenges in consolidating subsidiaries, and failure to achieve these critical milestones could lead to further declines in stock value.
AI Analysis | Feedback
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AI Analysis | Feedback
Olenox Industries (OLOX) operates in several addressable markets, primarily focused on modular structures and engineered solutions for various sectors. Here are the estimated market sizes for its main products and services:
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Prefabricated Modular Structures (Residential and Commercial):
- Global Market: The modular and prefabricated construction market was valued at approximately USD 155.3 billion in 2023 and is projected to reach USD 254 billion by 2032.
- U.S. Market: The U.S. modular and prefabricated construction market was valued at USD 38.6 billion in 2023.
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Construction Administration and Project Management Services:
- Global Market: The global construction project management service market was valued at USD 5.83 billion in 2023 and is projected to reach USD 11.37 billion by 2032.
- U.S. Market: The market size of Construction Project Management Services in the U.S. is estimated at USD 372.5 billion in 2025.
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Turnkey Solutions for Medical Testing and Treatment Businesses (Healthcare Construction):
- Global Market: The global healthcare construction market size is forecasted to be valued at US$ 284.6 billion in 2024.
- North America Market: North America's share of the healthcare construction market was US$ 103.0 billion in 2024.
- Global Healthcare Facility Management Market: This market was projected to grow from USD 9.66 billion in 2026 to USD 19.30 billion by 2034.
- North America Healthcare Facility Management Market: This market was valued at USD 3.82 billion in 2025.
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Medical and Waste Management Solutions:
- Global Market: The global medical waste management market size was valued at USD 14.06 billion in 2025 and is expected to exceed around USD 26.08 billion by 2034.
- North America Market: North America held a market share of 31.14% in the global medical waste management market in 2024. This equates to approximately USD 4.38 billion based on the 2025 global market size.
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Engineered Solutions for Industrial, Energy, and Infrastructure Markets (Containerized Systems):
- Global Market (Containerized Data Centers, as a proxy for physical containerized systems): The global containerized data center market was valued at US$ 13.85 billion in 2024 and is projected to reach US$ 105.59 billion by 2033.
- North America Market (Containerized Data Centers): North America holds approximately 34% of the global share in the containerized data center market in 2024. This equates to approximately US$ 4.71 billion based on the 2024 global market size.
AI Analysis | Feedback
Expected Drivers of Future Revenue Growth for Olenox Industries (OLOX)
Over the next 2-3 years, Olenox Industries (OLOX) is expected to drive future revenue growth through several key initiatives, primarily stemming from its strategic rebranding and focused expansion:
- Expansion and Strategic Emphasis on Modular and Engineered Solutions: Olenox Industries recently rebranded from Safe & Green Holdings Corp., a move intended to sharpen its market identity and better reflect its role as a developer, designer, and fabricator of modular and containerized structures for rapid, sustainable deployment. This strategic emphasis on its modular and engineered solutions franchise is a core driver for future revenue.
- Acquisitions and Scaling of Businesses in Industrial, Energy, and Infrastructure Markets: As an industrial holding company, Olenox Industries focuses on acquiring, operating, and scaling businesses that provide engineered solutions across industrial, energy, and infrastructure sectors. Recent activities, under its former ticker, include the completion of the acquisition of Giant Containers, a subsidiary focused on modular and containerized systems, and a letter of intent to acquire Rock Springs Energy Group.
- Growth in Energy Sector Initiatives, including Advanced Battery Technologies: The company is actively expanding its presence in the energy market. Its subsidiary, Olenox Energy, has outlined an "aggressive drilling agenda slated to begin Q4 2025 and expand throughout 2026," and plans to implement AI algorithms to optimize wellsite production. Additionally, Olenox Industries is involved in developing and producing AI-enhanced lithium metal and lithium-ion rechargeable battery technologies for various applications such as electric vehicles, urban air mobility, drones, robotics, and battery energy storage systems.
- Securing and Expanding Government Contracts: Olenox Industries has demonstrated a track record of securing and expanding contracts with government entities. Examples include expanded contracts for constructing modular electrical distribution centers and refurbishing container modules for government contractors, indicating a continued revenue stream from this sector.
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Capital Allocation Decisions (2021-2025) for Olenox Industries (formerly Safe & Green Holdings Corp.)
Share Repurchases
- In September 2022, Safe & Green Holdings Corp. increased its share buyback program to $1 million.
Share Issuance
- Shareholders experienced substantial dilution in 2025.
- An Equity Line of Credit (ELOC) agreement was entered into on May 29, 2025, with Generating Alpha Ltd. for up to $100 million in newly issued common stock, with initial activity reflecting an outstanding balance of $375,000 as of September 30, 2025.
- During the nine months ended September 30, 2025, the company converted $765,090 of principal debt and $653,972 of accrued interest into 109,313 shares of common stock.
Inbound Investments
- Safe & Green Holdings Corp. anticipated receiving $11 million in funding from Peak One Investments, LLC in April 2023.
- In April 2025, the company expected to receive $7,999,999 in funding.
Outbound Investments
- On December 19, 2025, Safe & Green Holdings (now Olenox Industries) completed the acquisition of Giant Containers, utilizing a mix of cash and stock consideration.
- Through a merger with NAHD completed on February 13, 2025, the company acquired a 51% ownership interest in CycleAIM, Inc., and a 49% interest in Winchester LLC.
Capital Expenditures
- The company's strategic shift in 2025, leading to its rebranding as Olenox Industries, involves focusing on an integrated energy company model, with plans to complete one drilling project in Q4 2025 and an ambitious drilling agenda for 2026 and beyond.
- Relocation and consolidation of operations in Conroe, Texas, are underway.
- The acquisition of Giant Containers in December 2025 is aimed at expanding into containerized power generation, crypto mining, and data center solutions.
Trade Ideas
Select ideas related to OLOX.
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| 02272026 | EFX | Equifax | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 02202026 | LZ | LegalZoom.com | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 7.2% | 7.2% | -5.0% |
| 02132026 | ADP | Automatic Data Processing | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 1.1% | 1.1% | -3.0% |
| 02132026 | TREX | Trex | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -3.2% | -3.2% | -5.9% |
| 02132026 | PCTY | Paylocity | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -0.6% | -0.6% | -4.8% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 20.33 |
| Mkt Cap | 7.8 |
| Rev LTM | 199 |
| Op Inc LTM | 13 |
| FCF LTM | 8 |
| FCF 3Y Avg | 41 |
| CFO LTM | 19 |
| CFO 3Y Avg | 52 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -18.4% |
| Rev Chg 3Y Avg | -6.9% |
| Rev Chg Q | -16.0% |
| QoQ Delta Rev Chg LTM | -7.6% |
| Op Mgn LTM | 6.6% |
| Op Mgn 3Y Avg | 13.4% |
| QoQ Delta Op Mgn LTM | -6.1% |
| CFO/Rev LTM | 10.5% |
| CFO/Rev 3Y Avg | 17.5% |
| FCF/Rev LTM | 5.5% |
| FCF/Rev 3Y Avg | 13.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.8 |
| P/S | 5.2 |
| P/EBIT | 36.5 |
| P/E | 44.1 |
| P/CFO | 46.5 |
| Total Yield | 3.2% |
| Dividend Yield | 0.6% |
| FCF Yield 3Y Avg | 3.9% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -4.5% |
| 3M Rtn | -1.0% |
| 6M Rtn | 3.8% |
| 12M Rtn | 2.5% |
| 3Y Rtn | 33.1% |
| 1M Excs Rtn | -1.2% |
| 3M Excs Rtn | 4.4% |
| 6M Excs Rtn | -0.2% |
| 12M Excs Rtn | -10.5% |
| 3Y Excs Rtn | -37.6% |
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
External Quote Links
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| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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