Olenox Q1 FY26 net loss widens to $3.06 million; revenue falls 50% to $285,313 - OLOX News | RalliesOlenox Q1 FY26 net loss widens to $3.06 million; revenue falls 50% to $285,313
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OLOX• Quarterly loss widens as revenue falls
- Olenox posted a net loss attributable to common stockholders of USD 3.06 million for the quarter ended March 31, 2026.
- Revenue fell 50% to USD 285,313, driven by lower construction services activity.
- Operating loss widened to USD 2.88 million from USD 1.83 million a year earlier on higher payroll and other operating expenses.
- Other income turned positive at USD 217,390, reflecting USD 1.2 million in debt-extinguishment gains partly offset by USD 613,723 in losses.
- SG Echo filed for Chapter 11 on April 28, triggering a default tied to about USD 4 million owed to Enhanced Capital Oklahoma Rural Fund.
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