secwatch.observer — SEC 8-K summary
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Issuer:     Greenlane Holdings, Inc. (GNLN)
CIK:        0001743745
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001743745-23-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743745/000174374523000031/0001743745-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743745/000174374523000031/gnln-20230515.htm
  HTML page:      https://secwatch.observer/filing/0001743745-23-000031

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