secwatch.observer — SEC 8-K summary
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Issuer:     GREYSTONE LOGISTICS, INC. (GLGI)
CIK:        0001088413
Form:       8-K
Filed at:   2022-01-24T23:59:59+00:00
Accession:  0001493152-22-002027
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greystone Logistics Q2 fiscal 2022 net loss $(0.01)/share; gross margin drops to 8.0% from 18.3%
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- Six months net income available to common rose to $2.59M ($0.09/share) vs $1.73M ($0.06) prior year; three months ended Nov. 30, 2021 net loss $(0.01)/share vs income $0.03.
- EBITDA for six months was $5.97M, down from $6.62M prior year.
- Gross profit margin collapsed to 8.0% on sales of $30.6M from 18.3% on $33.1M, driven by inflation and labor shortages.
- CEO cited a $13.5M contract for recycled pallets with a national retailer, expects future growth from new equipment and lines.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1088413/000149315222002027/0001493152-22-002027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1088413/000149315222002027/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-002027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer