Greenlane Renewables Inc.
Greenlane Renewables Inc. (GRNWF) Financial Performance & Income Statement Overview
Access detailed quarterly and annual financial reports for Greenlane Renewables Inc. (GRNWF), covering cash flow, earnings, and balance sheets.
Greenlane Renewables Inc. (GRNWF) Income Statement & Financial Overview
Explore comprehensive income reports for Greenlane Renewables Inc. GRNWF, broken down by year and quarter.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $7.007M | $8.52M | $10.54M | $14.63M |
| Cost of Revenue | $4.43M | $4.91M | $7.15M | $10.79M |
| Gross Profit | $2.58M | $3.61M | $3.40M | $3.84M |
| Gross Profit Ratio | $0.37 | $0.42 | $0.32 | $0.26 |
| R&D Expenses | $253000.00 | $63000.00 | $91000.00 | $192000.00 |
| SG&A Expenses | $3.69M | $3.55M | $3.83M | $4.95M |
| Operating Expenses | $3.99M | $4.10M | $4.49M | $5.42M |
| Total Costs & Expenses | $8.42M | $9.002M | $11.64M | $15.99M |
| Interest Income | $94000.00 | $206000.00 | $87000.00 | $70000.00 |
| Interest Expense | $32000.00 | $35000.00 | $36000.00 | $37000.00 |
| Depreciation & Amortization | $273000.00 | $276000.00 | $280000.00 | $277000.00 |
| EBITDA | -$586000.00 | $2.71M | -$1.60M | -$204000.00 |
| EBITDA Ratio | -$0.08 | $0.32 | -$0.15 | -$0.01 |
| Operating Income | -$1.42M | -$485000.00 | -$1.09M | -$1.36M |
| Operating Income Ratio | -$0.20 | -$0.06 | -$0.10 | -$0.09 |
| Other Income/Expenses (Net) | $524000.00 | $2.88M | -$817000.00 | $838000.00 |
| Income Before Tax | -$891000.00 | $2.39M | -$1.91M | -$518000.00 |
| Income Before Tax Ratio | -$0.13 | $0.28 | -$0.18 | -$0.04 |
| Income Tax Expense | $124000.00 | $322000.00 | $245000.00 | -$41000.00 |
| Net Income | -$1.01M | $2.07M | -$2.16M | -$477000.00 |
| Net Income Ratio | -$0.14 | $0.24 | -$0.20 | -$0.03 |
| EPS | -$0.006 | $0.01 | -$0.01 | -$0.003 |
| Diluted EPS | -$0.006 | $0.01 | -$0.01 | -$0.003 |
| Weighted Avg Shares Outstanding | $156.82M | $154.19M | $154.19M | $154.15M |
| Weighted Avg Shares Outstanding (Diluted) | $156.82M | $154.19M | $154.19M | $154.15M |
The company's financials show resilient growth, with revenue advancing from $14.63M in Q2 2024 to $7.007M in Q1 2025. Gross profit remained healthy with margins at 37% in Q1 2025 compared to 26% in Q2 2024. Operating income hit -$1.42M last quarter, sustaining a consistent -20% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at -$586000.00. Net income dropped to -$1.01M, while earnings per share reached -$0.006. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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