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Olenox Industries Inc

olenox.com

What Do They Do?

Builds modular structures from modified shipping containers for contractors, home builders and commercial users, and provides remote monitoring technology and operates oil and gas wells.

How Do They Make Money?

The company earns money from construction projects as work progresses; it earns oil and gas sales when the commodity reaches the delivery point, and monitoring and subscription revenue over the service term.

FY2025 revenue

Who Are Their Customers?

Markets modular products to construction professionals and resellers, developers, and public-sector and military customers across the continental United States and Canada.

Do Revenues Turn Into Profits?

No. It lost $18.8M in FY2025.

Operating income, FY2025
−476% of revenue
▲ +45% (Loss) vs FY2024 (−$9.7M, −195%)
Net income, FY2025
−637% of revenue
▲ +11% (Loss) vs FY2024 (−$17M, −341%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +194%
vs $721.4K in Q2 FY2025
Net income
▼ −29% (Loss)
vs −$4.6M in Q2 FY2025
  • Aug 7, 2026 Replaced its independent auditor RBSM was dismissed and Urish Popeck & Co. appointed for the fiscal year ending December 31, 2026.
  • Aug 6, 2026 Plans to restate previously issued quarterly statements The correction concerns the fair value of shares issued in the merger and does not affect net loss or cash flows.
  • Jul 29, 2026 Appointed an interim chief financial officer Kimberly Hawley was appointed to the role with an initial term ending December 31, 2026.
  • Jul 10, 2026 Acquired neurotechnology company Psylinks Psylinks develops platforms using brain, body and environmental data to support decisions, training and performance.

Shrinking. Revenue fell 92% in 4 years, from $38.3M in FY2021 to $3M in FY2025, about 47% a year.

Portfolio emphasis The older report described medical testing, real estate development and biomedical-waste services alongside construction; the latest report instead describes oil and gas operations, remote monitoring technology and on-site energy services alongside modular construction.

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