Greenlane Renewables Inc.
Greenlane Renewables Inc. (GRNWF) Financial Performance & Income Statement Overview
Review Greenlane Renewables Inc. (GRNWF) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
Greenlane Renewables Inc. (GRNWF) Income Statement & Financial Overview
Access detailed annual and quarterly income data for Greenlane Renewables Inc. GRNWF financial performance.
| Metric | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| Revenue | $8.52M | $10.54M | $14.63M | $18.13M |
| Cost of Revenue | $4.91M | $7.15M | $10.79M | $13.60M |
| Gross Profit | $3.61M | $3.40M | $3.84M | $4.53M |
| Gross Profit Ratio | $0.42 | $0.32 | $0.26 | $0.25 |
| R&D Expenses | $63000.00 | $91000.00 | $192000.00 | $65000.00 |
| SG&A Expenses | $3.55M | $3.83M | $4.95M | $5.48M |
| Operating Expenses | $4.10M | $4.49M | $5.42M | $5.55M |
| Total Costs & Expenses | $9.002M | $11.64M | $15.99M | $19.14M |
| Interest Income | $206000.00 | $87000.00 | $70000.00 | $104000.00 |
| Interest Expense | $35000.00 | $36000.00 | $37000.00 | $35000.00 |
| Depreciation & Amortization | $276000.00 | $280000.00 | $277000.00 | $277000.00 |
| EBITDA | $2.71M | -$1.60M | -$204000.00 | -$250000.00 |
| EBITDA Ratio | $0.32 | -$0.15 | -$0.01 | -$0.01 |
| Operating Income | -$485000.00 | -$1.09M | -$1.36M | -$1.01M |
| Operating Income Ratio | -$0.06 | -$0.10 | -$0.09 | -$0.06 |
| Other Income/Expenses (Net) | $2.88M | -$817000.00 | $838000.00 | $452000.00 |
| Income Before Tax | $2.39M | -$1.91M | -$518000.00 | -$562000.00 |
| Income Before Tax Ratio | $0.28 | -$0.18 | -$0.04 | -$0.03 |
| Income Tax Expense | $322000.00 | $245000.00 | -$41000.00 | $256000.00 |
| Net Income | $2.07M | -$2.16M | -$477000.00 | -$818000.00 |
| Net Income Ratio | $0.24 | -$0.20 | -$0.03 | -$0.05 |
| EPS | $0.00 | -$0.01 | -$0.003 | -$0.005 |
| Diluted EPS | $0.00 | -$0.01 | -$0.003 | -$0.005 |
| Weighted Avg Shares Outstanding | $154.19M | $154.19M | $154.15M | $154.01M |
| Weighted Avg Shares Outstanding (Diluted) | $154.19M | $154.19M | $154.15M | $154.01M |
Over the last four quarters, Greenlane Renewables Inc.'s revenue moved from $18.13M in Q1 2024 to $8.52M in Q4 2024. Operating income in Q4 2024 was -$485000.00, with a strong operating margin of -6%. Despite fluctuations in R&D and SG&A expenses, EBITDA for Greenlane Renewables Inc. remained robust at $2.71M, reflecting operational efficiency. Net income rose to $2.07M, with an EPS of $0.00. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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