Greystone Logistics Inc (GLGI)
OTHER OTC:GLGI
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Greystone Logistics
(OTC:GLGI)
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Rating:49Neutral
Price Target:
$0.29
▼(-71.11% Downside)
Action:ReiteratedDate:01/29/26
The score is driven primarily by weakened TTM profitability and margin compression, partially offset by still-positive operating/free cash flow. Technicals are notably bearish with price far below key moving averages, while valuation is constrained by negative earnings. Earnings-call guidance provides some support via near-term contracted revenue and lender concessions, but the iGPS loss keeps near-term uncertainty elevated.
Positive Factors
Cash generation
Consistent positive operating cash flow (~$6.4M) and free cash flow (~$3.7M) show the core logistics and recycling business still produces cash despite a TTM net loss. That cash provides a durable buffer to service debt, fund working capital, and support redeploying idle capacity while new contracts mature.
Negative Factors
Loss of key customer (iGPS)
The sudden termination of an 11‑year iGPS relationship removed substantial recurring recycling and service revenue (management cited ~300k–400k pallets/year), creating a structural demand shortfall. Rebuilding closed‑loop, leased and outsourced volumes typically requires multiple quarters and new contractual wins, prolonging recovery risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistent positive operating cash flow (~$6.4M) and free cash flow (~$3.7M) show the core logistics and recycling business still produces cash despite a TTM net loss. That cash provides a durable buffer to service debt, fund working capital, and support redeploying idle capacity while new contracts mature.
Read all positive factors
Greystone Logistics (GLGI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.29M
Dividend YieldN/A
Average Volume (3M)46.65K
Price to Earnings (P/E)―
Beta (1Y)0.21
Revenue Growth-4.65%
EPS Growth-78.80%
CountryUS
Employees181
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-0.08
Shares Outstanding27,270,271
10 Day Avg. Volume27,893
30 Day Avg. Volume46,645
Financial Highlights & Ratios
PEG Ratio-0.28
Price to Book (P/B)1.85
Price to Sales (P/S)0.64
P/FCF Ratio8.11
Enterprise Value/Market Cap2.42
Enterprise Value/Revenue0.44
Enterprise Value/Gross Profit3.65
Enterprise Value/Ebitda3.46
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Greystone Logistics Business Overview & Revenue Model
Company Description
Greystone Logistics (GLGI) is a leading manufacturer and distributor of plastic products, primarily focusing on the production of sustainable, high-quality plastic pallets and containers. Operating in various sectors including logistics, agricultu...
How the Company Makes Money
GLGI generates revenue primarily by (1) selling plastic reusable shipping containers/pallet products and (2) providing container-management services associated with those reusable assets. In product sales, the company earns revenue when it manufac...
Greystone Logistics Earnings Call Summary
Earnings Call Date:Jan 15, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Apr 20, 2026
Earnings Call Sentiment Neutral
The call described a material negative event — the abrupt loss of long-time customer iGPS — that led to meaningful revenue disruption and the immediate layoff of ~140 employees, creating near-term uncertainty and unutilized equipment-related debt. Offsetting these negatives were several concrete mitigants and growth opportunities: an 8-month, 18M-pound resin processing contract starting immediately; promising Walmart trials and cellular track-and-trace technology with multi-year battery life; lender concessions to interest-only payments for 2026; a sizable installed equipment base (~$60M) and ~$10M of new capacity; and a visible sales pipeline (Toyota, Berry, Southwire) and product diversification. Management is optimistic about recovery within several quarters but acknowledges short-term financial and operational headwinds.Positive Updates
Short-term contract secured for resin processing
Signed an 8-month contract to grind/granulate ~18 million pounds of plastic starting next week; will begin contributing revenue immediately after start.
Negative Updates
Abrupt loss of long-term customer (iGPS)
An 11-year relationship with major customer iGPS ended abruptly, and the related revenue stream stopped immediately. Management called it a significant exogenous event that materially reduced sales.
Read all updates
Q2-2026 Updates
Positive
Negative
Short-term contract secured for resin processing
Signed an 8-month contract to grind/granulate ~18 million pounds of plastic starting next week; will begin contributing revenue immediately after start.
Read all positive updates
Company Guidance
Management gave near‑term, metric‑driven guidance: an 8‑month contract beginning next week to grind/granulate ~18 million pounds of plastic will start generating revenue shortly; they laid off ~140 people in late November (current headcount now in the 80s, down from a peak near 250); the CEO holds 8,884,354 shares; the company has ~$10M of brand‑new equipment (part of roughly $60M of total equipment investment) largely unleveraged; bank loan payments of about $250K/month have been converted to interest‑only for calendar 2026 and the revolver extension is expected to be renewed; management expects to add meaningful revenue over a couple quarters and be “back on track” within ~6 months, is testing cellular track‑and‑trace pallets (battery life ~7 years) with Walmart (a ~5M sq ft import facility where Greystone delivered roughly $30M of revenue over the last 5–6 years), and plans to replace iGPS volume (they historically recycled ~300–400K pallets/year for iGPS, with industry displacement cited as ~800K pallets/year) by expanding closed‑loop leasing and recycling programs.Greystone Logistics Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
55
Neutral
Cash Flow
62
Positive
| Breakdown | TTM | Aug 2025 | Aug 2024 | May 2023 | May 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.78M | 57.87M | 61.78M | 60.76M | 74.17M | 64.93M |
| Gross Profit | 6.16M | 9.48M | 11.72M | 9.33M | 7.77M | 11.46M |
| EBITDA | 6.50M | 10.25M | 13.08M | 15.23M | 11.28M | 12.05M |
| Net Income | -942.85K | 2.35M | 5.03M | 6.34M | 4.27M | 3.35M |
Balance Sheet | ||||||
| Total Assets | 40.39M | 45.97M | 52.26M | 49.53M | 45.75M | 43.73M |
| Cash, Cash Equivalents and Short-Term Investments | 919.92K | 1.55M | 5.80M | 695.95K | 3.14M | 4.39M |
| Total Debt | 15.91M | 16.26M | 18.92M | 22.59M | 15.69M | 19.91M |
| Total Liabilities | 23.80M | 26.10M | 28.28M | 29.99M | 30.66M | 32.48M |
| Stockholders Equity | 16.59M | 19.88M | 23.98M | 19.54M | 13.70M | 10.02M |
Cash Flow | ||||||
| Free Cash Flow | 3.72M | 4.53M | 9.59M | -5.31M | 506.84K | 12.28M |
| Operating Cash Flow | 6.39M | 10.29M | 12.39M | 3.87M | 6.64M | 15.18M |
| Investing Cash Flow | -2.62M | -5.70M | -2.80M | -9.13M | -6.08M | -2.91M |
| Financing Cash Flow | -7.74M | -8.84M | -4.49M | 2.81M | -1.80M | -9.02M |
Greystone Logistics Technical Analysis
Positive
0.99
Price Trends
0.31
Positive
0.44
Negative
0.80
Negative
Market Momentum
>-0.01
Negative
55.61
Neutral
38.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLGI, the sentiment is Positive. The current price of 0.99 is above the 20-day moving average (MA) of 0.28, above the 50-day MA of 0.31, and above the 200-day MA of 0.80, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.61 is Neutral, neither overbought nor oversold. The STOCH value of 38.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GLGI.
Greystone Logistics Risk Analysis
Greystone Logistics disclosed 23 risk factors in its most recent earnings report. Greystone Logistics reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Greystone Logistics Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $195.92M | 15.33 | 7.26% | ― | -16.59% | -47.02% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | $70.31M | ― | 4.98% | ― | 0.18% | -54.25% | |
57 Neutral | $75.94M | 73.75 | 0.02% | 1.33% | -0.97% | -99.67% | |
53 Neutral | $69.61M | -4.53 | 71.64% | ― | 11013.00% | 39.85% | |
49 Neutral | $9.29M | -1.92 | -4.89% | ― | -4.65% | -78.80% | |
43 Neutral | $9.74M | -0.05 | -43.37% | ― | 61.85% | 49.02% |
* Basic Materials Sector Average
GLGI
Greystone Logistics
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-67.31%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.