Olenox FY25 net loss narrows to $18.82 million; revenue drops 41% to $2.95 million

Olenox Industries Inc.

Olenox Industries Inc.

OLOX

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  • Olenox posted a net loss attributable to common stockholders of $18.82 million for 2025, narrowing from a $22.6 million loss in 2024.
  • Revenue fell 41% to $2.95 million, with the decline tied primarily to a 2025 restructuring.
  • Operating loss widened 45% to $14.07 million, as corporate and support loss increased on higher SEC compliance, legal, IT support, and insurance costs.
  • Other income swung to $4.75 million from an expense in 2024, helped by a $2 million legal settlement and derivative gains.
  • Cash and cash equivalents rose to $427,866, while management flagged substantial doubt about the company’s ability to continue as a going concern.


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