Greenlane Q3 revenue $28.7M (-31% YoY), net loss $79.2M with $66.8M goodwill impairment

Greenlane Holdings, Inc.

2022-Q3 EPS reported -$18.01 vs consensus -$809523.00 ▲ beat (+100.0%)

Revenue $28.7M down 31% from $41.3M YoY; net loss $79.2M vs $28.7M loss in Q3 2021.
Adjusted EBITDA loss $11.2M vs $6.9M loss a year ago; nine-month adjusted EBITDA loss $24.6M.
CEO transition: President Craig Snyder to become CEO Jan 1, 2023; current CEO Nick Kovacevich moves to Chief Corporate Development.
Sale of Boca Raton headquarters for $9.95M; $7.5M public offering closed; liquidity plan generated ~$27M.
Launched new house brand Groove and distribution partnerships with AUXO by CCELL and Leaf Trade.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Greenlane Holdings, Inc. reported the nine months ended September 30, 2022 results: net income Net loss was $102.6 million, EPS $18.01 per share.

Period: the nine months ended September 30, 2022
Net income: Net loss was $102.6 million
EPS: $18.01 per share
Result: reported results

Exact text from the filing

Net loss attributable to Greenlane Holdings, Inc. was $75.1 million during the quarter, or $11.43 per share, which included $66.8 million related to the Goodwill impairment charge, compared with a loss of $16.3 million, or $8.19 per share, in the third quarter of 2021. Net loss was $102.6 million, during the nine months ending September 30, 2022, or $18.01 per share, versus a net loss of $23.6 million, or $19.60 per share during the corresponding period in 2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Greenlane Holdings, Inc. reported the quarter ended September 30, 2022 results: net income Net loss attributable to Greenlane Holdings, Inc. was $75.1 million, EPS $11.43 per share.

Period: the quarter ended September 30, 2022
Net income: Net loss attributable to Greenlane Holdings, Inc. was $75.1 million
EPS: $11.43 per share
Result: reported results

Exact text from the filing

Net loss attributable to Greenlane Holdings, Inc. was $75.1 million during the quarter, or $11.43 per share, which included $66.8 million related to the Goodwill impairment charge, compared with a loss of $16.3 million, or $8.19 per share, in the third quarter of 2021. Net loss was $102.6 million, during the nine months ending September 30, 2022, or $18.01 per share, versus a net loss of $23.6 million, or $19.60 per share during the corresponding period in 2021.

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

Greenlane Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001743745-22-000086

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.