Greenlane Q2 revenue plummets 69% to $0.8M; net loss widens to $3.2M

Greenlane Holdings, Inc.

2025-Q2 EPS reported -$13.92 revenue$2,257,000

Total revenue $0.8M, down 69% from $2.6M in Q2 2024.
Net loss $3.2M vs $0.6M loss in prior-year quarter; net loss per share $3.18.
Operating expenses fell 27% to $3.3M; operating loss improved to $3.3M from $3.5M.
Restructured sales organization; appointed Mike Hinson as EVP of Sales; reports 880% MoM increase in new customer revenue.
Cash $5.7M at June 30, 2025, up from $0.9M at Dec 31, 2024, after $20.7M equity issuance.

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