Greenlane reports FY 2022 revenue down 17.4% to $137.1M; net loss widens to $125.9M

Greenlane Holdings, Inc.

2023-Q1 EPS reported -$0.64 vs consensus -$793029.60 ▲ beat (+100.0%)

FY 2022 revenue $137.1M vs $166.1M in 2021; net loss $125.9M vs $53.4M.
Adjusted EBITDA loss of $31.8M, worsening from $22.3M loss in 2021.
Q4 2022 revenue $22.0M; cash $12.2M; working capital $41.0M.
Guides Q1 2023 revenue $23-24M (+5-10% QoQ); expects positive Adj EBITDA by Q4 2023.
Consumer goods sales fell 56% to $48.1M; industrial goods rose 59% to $89.0M.

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 0.9

Greenlane Holdings, Inc. reported the fiscal year ended December 31, 2022 results: revenue $137.1 million.

Period: the fiscal year ended December 31, 2022
Revenue: $137.1 million
Result: reported results

Exact text from the filing

Greenlane Reports Q4 2022 Revenue of $22.0 Million and FY 2022 Revenue of $137.1 Million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Greenlane Holdings, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $22.0 million.

Period: the fourth quarter ended December 31, 2022
Revenue: $22.0 million
Result: reported results

Exact text from the filing

Greenlane Reports Q4 2022 Revenue of $22.0 Million and FY 2022 Revenue of $137.1 Million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Greenlane Holdings, Inc. reported Q1-23 results: revenue between $23.0-24.0 million. Guidance initiated.

Period: Q1-23
Revenue: between $23.0-24.0 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Revenue for Q1-23 is expected to be between $23.0-24.0 million

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Greenlane Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001743745-23-000022

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