---
schema_version: "secwatch.filing_event.v1"
accession: "0001743745-23-000031"
form_type: "8-K"
ticker: "GNLN"
cik: "0001743745"
company_name: "Greenlane Holdings, Inc."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:20:52.021162+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Greenlane Q1 revenue up 9% QoQ but net loss still $10.2M; cash drops to $5.9M

## Summary
- Revenue $24.0M, +9.0% vs Q4 2022; gross margin 23.0% vs 26.7% prior quarter.
- Net loss attributable to GNLN $10.2M ($0.64/sh) vs $13.3M ($1.02/sh) in Q4 2022.
- Adjusted EBITDA loss $6.8M, improved from $7.6M loss in Q4 2022.
- Operating expenses down $7.1M or 32% vs Q4 2022, including $4.6M impairment in prior quarter.
- Cash & restricted cash $5.9M, down from $12.2M at Dec 31, 2022.

## SEC filing metadata
- accession: 0001743745-23-000031
- form_type: 8-K
- ticker: GNLN
- cik: 0001743745
- company_name: Greenlane Holdings, Inc.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1743745/000174374523000031/0001743745-23-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1743745/000174374523000031/gnln-20230515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001743745-23-000031
- JSON: https://secwatch.observer/filing/0001743745-23-000031.json
- Plain text: https://secwatch.observer/filing/0001743745-23-000031.txt

## Key facts
- Earnings Releases
  Greenlane Holdings, Inc. reported the first quarter ended March 31, 2023 results: revenue $24.0 million, net income $10.2 million, EPS $0.64 per share.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $24.0 million
  - Net income: $10.2 million
  - EPS: $0.64 per share
  - Result: reported results
  source text: Recent Highlights • Revenue for Q1 2023 increased 9.0% to $24.0 million, compared to $22.0 million in Q4 2022. • Operating expenses in Q1 2023 were down $7.1 million or 32% compared with Q4 2022, inclusive of a Q4 2022 intangible assets impairment charge of $4.6 million. • Net loss attributed to Greenlane Holdings, Inc. for Q1 2023 was $10.2 million, compared to $13.3 million in Q4 2022, inclusive of the $4.6 million intangible assets impairment charge. Basic and diluted net loss of $0.64 per share compared to a loss of $1.02 per share for the prior quarter. • Adjusted EBITDA loss for Q1 2023 was $6.8 million compared to a loss of $7.6 million for Q4 2022. • The Company has launched 16 new products: 12 products from Groove, 3 from Eyce, and the MIQRO-C from DaVinci.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1743745/000174374523000031/0001743745-23-000031-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.