Home / Going-concern warnings / OLENOX INDUSTRIES INC.
Filed 2025-06-13 路 Form 10-Q 路 Accession 0001213900-25-054136 micro
Price before filing: $476.7 (2025-06-12 close, split/dividend-adjusted)
Market cap at flag: $59.9M (2025-06-13) 路 Latest: $713,678 (2026-10-16)
| Window | OLOX | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -15.1% | +3.8% | -18.9% | 2025-07-14 |
| 90 days | -78.7% | +9.2% | -88.0% | 2025-09-11 |
| 180 days | -92.3% | +14.5% | -106.9% | 2025-12-10 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-03-15 to 2025-07-13. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"Based on its conversations with key customers, the Company anticipates its backlog to convert to revenue over the following period: 2025 Within 1 year $ 801,944 Total Backlog $ 801,944 The Company has incurred losses since its inception, has negative working capital of $ 21,495,360 as of March 31, 2025 and has negative operating cash flows, which has raised substantial doubt about its ability to continue as a going..."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-03-31)
Why this score: quarterly (unaudited) disclosure; also within 90 days: Late quarterly report (NT 10-Q)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
The week's most serious auditor changes, restatements, late filings and going-concern warnings, in plain English. Free. Unsubscribe anytime.
Subscribe to the newsletter →
The signup form didn't load here (often an ad or privacy blocker). This opens beehiiv's secure signup page.
Form not showing? Subscribe on beehiiv →
Newsletter delivered by beehiiv. See our privacy policy.