Greenlane Holdings, Inc.
Greenlane Holdings, Inc. (GNLN) Financial Performance & Income Statement Overview
Analyze Greenlane Holdings, Inc. (GNLN) financial statements (income, balance sheet, and cash flow) across both yearly and quarterly periods.
Greenlane Holdings, Inc. (GNLN) Income Statement & Financial Overview
Analyze Greenlane Holdings, Inc.’s GNLN earnings with segmented quarterly and yearly financial statement figures.
| Metric | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|
| Revenue | $4.04M | $2.65M | $4.93M | $9.99M |
| Cost of Revenue | $1.01M | $3.35M | $6.61M | $9.004M |
| Gross Profit | $3.03M | -$694000.00 | -$1.69M | $985000.00 |
| Gross Profit Ratio | $0.75 | -$0.26 | -$0.34 | $0.10 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $1.77M | $2.80M | $2.29M | $4.004M |
| Operating Expenses | $3.56M | $2.80M | $2.29M | $4.004M |
| Total Costs & Expenses | $4.58M | $6.15M | $8.91M | $13.008M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $3.22M | $289000.00 | $522000.00 | $302000.00 |
| Depreciation & Amortization | $185000.00 | $196000.00 | $254000.00 | $751000.00 |
| EBITDA | -$353000.00 | -$147000.00 | -$3.71M | -$3.40M |
| EBITDA Ratio | -$0.09 | -$0.06 | -$0.76 | -$0.23 |
| Operating Income | -$538000.00 | -$3.50M | -$3.98M | -$3.02M |
| Operating Income Ratio | -$0.13 | -$1.32 | -$0.81 | -$0.30 |
| Other Income/Expenses (Net) | -$3.22M | $2.86M | -$511000.00 | -$1.43M |
| Income Before Tax | -$3.76M | -$632000.00 | -$4.49M | -$4.45M |
| Income Before Tax Ratio | -$0.93 | -$0.24 | -$0.91 | -$0.45 |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $6000.00 |
| Net Income | -$3.76M | -$615000.00 | -$4.49M | -$4.33M |
| Net Income Ratio | -$0.93 | -$0.23 | -$0.91 | -$0.43 |
| EPS | -$2.28 | -$1.33 | -$9.39 | -$12.79 |
| Diluted EPS | -$2.28 | -$1.33 | -$9.39 | -$12.79 |
| Weighted Avg Shares Outstanding | $1.65M | $462000.00 | $478363.00 | $338727.00 |
| Weighted Avg Shares Outstanding (Diluted) | $1.65M | $462000.00 | $478363.00 | $338727.00 |
Over the last four quarters, Greenlane Holdings, Inc. achieved steady financial progress, growing revenue from $9.99M in Q4 2023 to $4.04M in Q3 2024. Gross profit stayed firm with margins at 75% in Q3 2024 versus 10% in Q4 2023. Operating income totaled -$538000.00 in Q3 2024, maintaining a -13% margin over recent quarters. Despite shifts in R&D and SG&A costs, EBITDA stayed strong at -$353000.00. Net income dropped to -$3.76M, with EPS at -$2.28. Disciplined expense strategies and efficient operations ensured sustained profitability and long-term financial stability.
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