Why Greenlane Holdings' Hopes of a Great Q3 Went Up in Smoke [The Motley Fool]
Greenlane Holdings, Inc. - Class A (GNLN)
Last greenlane holdings, inc. - class a earnings: 3/30 07:13 am
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Source: The Motley Fool
Why Greenlane Holdings' Hopes of a Great Q3 Went Up in Smoke Health concerns related to vaping weighed heavily on the company's third-quarter sales. As recently as September, some Wall Street analysts were projecting that Greenlane Holdi ngs ( NASDAQ:GNLN ) stock could triple in value . But the cannabis accessories and CBD stock has gone anywhere but up so far this year. Greenlane announced its third-quarter results before the market opened on Friday. And they weren't anywhere close to meeting expectations. Here are the highlights from the company's Q3 update. Greenlane reported revenue in the third quarter of $44.9 million. This reflected a 3% increase from the prior-year period revenue total of $43.6 million. However, its Q3 revenue was well below the consensus Wall Street estimate of $50.1 million. The company announced a net loss of $9 million based on generally accepted accounting principles ( GAAP ). This compared to a net loss of $135,000 in the prior-year period. Greenlane p
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News
- Greenlane Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1) [Yahoo! Finance]Yahoo! Finance
- Greenlane Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)Accesswire
- Charging Corridors, Stations Will Support Heavy-Duty EV Trucks [Yahoo! Finance]Yahoo! Finance
- Greenlane Announces 280-mile Corridor of Commercial EV Charging Stations from Los Angeles to Las Vegas [Yahoo! Finance]Yahoo! Finance
- Greenlane Renewables Announces Fourth Quarter and Fiscal Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
GNLN
Earnings
- 8/15/23 - Miss
GNLN
Sec Filings
- 4/23/24 - Form 8-K
- 4/1/24 - Form NT
- 3/27/24 - Form 8-K
- GNLN's page on the SEC website