Greystone Logistics Inc (GLGI)
OTHER OTC:GLGI
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Greystone Logistics
(OTC:GLGI)
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Rating:44Neutral
Price Target:
$0.20
▼(-80.30% Downside)
Action:Reiterated
Date:05/02/26
The score is held down primarily by deteriorating TTM fundamentals (revenue decline, net loss, weaker/volatile free cash flow). Technicals also remain unfavorable given the longer-term downtrend and negative MACD. The earnings call adds some offset from concrete liquidity steps and identifiable revenue recovery actions, but covenant and customer-concentration fallout keep overall risk elevated; valuation offers limited support due to negative earnings and no dividend.
Positive Factors
Contract recycling & pelletizing revenue
The company has established a recurring contract recycling stream (~$150k/month) and operational pelletizing capacity with a large processing backlog (≈13M lbs ABS + 6–7M lbs HMW material). This diversifies revenue beyond pallets and provides scalable, higher-margin service income over the medium term.
Negative Factors
Loss of a major customer (~$30M/year)
The sudden exit of a long-term customer that once accounted for material annual revenue creates structural customer-concentration risk. Recovering that volume or replacing it with multiple smaller clients will take many quarters and materially raises revenue volatility and planning uncertainty.
Read all positive and negative factors
Positive Factors
Negative Factors
Contract recycling & pelletizing revenue
The company has established a recurring contract recycling stream (~$150k/month) and operational pelletizing capacity with a large processing backlog (≈13M lbs ABS + 6–7M lbs HMW material). This diversifies revenue beyond pallets and provides scalable, higher-margin service income over the medium term.
Read all positive factors
Greystone Logistics (GLGI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.48M
Dividend YieldN/A
Average Volume (3M)46.65K
Price to Earnings (P/E)―
Beta (1Y)-0.24
Revenue Growth-27.00%
EPS Growth-291.20%
CountryUS
Employees181
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-0.17
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 Cap4.00
Enterprise Value/Revenue0.55
Enterprise Value/Gross Profit11.14
Enterprise Value/Ebitda9.34
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, Inc. (GLGI), through its various subsidiaries, is primarily engaged in the creation and sale of plastic pallets, in addition to processed recycled plastic resins. The company provides a diverse range of pallet designs, includi...
How the Company Makes Money
Greystone Logistics generates revenue primarily by providing reusable pallet solutions and related logistics services to customers. Key revenue streams include: (1) sales of plastic pallets to customers needing reusable shipping platforms; (2) pal...
Greystone Logistics Earnings Call Summary
Earnings Call Date:Apr 15, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Sep 01, 2026
Earnings Call Sentiment Neutral
The call describes a company facing a material near-term disruption after losing a long-term, high-volume customer (≈$30M/year), which precipitated layoffs, covenant breaches and pressured cash flow. Offsetting this, management presented multiple actionable recovery paths: expanding contract recycling/pelletizing (≈$150k/month), larger customers/pilot programs (Walmart track-and-trace, 80 truckloads in 90 days), new leasing/pooling opportunities (including a 90,000-pallet opportunity), available manufacturing capacity and 38,000 tracking devices already acquired. The bank appears cooperative (interest-only for a year) and management has a planned property sale ($1.675M) to shore up liquidity. Positives and negatives are both significant and the tone is cautiously optimistic but realistic about near-term risk.Positive Updates
New and Growing Revenue Streams from Recycling/Granulation
Generating approximately $150,000 per month from grinding, granulating and pelletizing contracts; currently operating 4 pelletizing units and engaged on a project to process ~13 million pounds of ABS trays plus 6–7 million pounds of high molecular weight material. Management sees capacity and interest to expand this contract recycling business.
Negative Updates
Loss of Major Customer (iGPS) Causing Large Revenue Shortfall
Largest customer of 11 years (iGPS) ceased purchasing in November, removing roughly $30 million of annual revenue historically (iGPS had purchased as many as 750,000 pallets/year from the company, at times ~1.2 million). This loss was described as sudden and the primary driver of the quarter's revenue decline.
Read all updates
Q3-2026 Updates
Positive
Negative
New and Growing Revenue Streams from Recycling/Granulation
Generating approximately $150,000 per month from grinding, granulating and pelletizing contracts; currently operating 4 pelletizing units and engaged on a project to process ~13 million pounds of ABS trays plus 6–7 million pounds of high molecular weight material. Management sees capacity and interest to expand this contract recycling business.
Read all positive updates
Company Guidance
Management guided that the company has moved to interest-only payments with its bank for one year while it resolves covenant issues (expected to be settled within ~30 days) and renews its working-capital line; it has contracted to sell a property for $1.675 million to bolster cash, and reports roughly $9.5 million of total debt (auditors classified debt as current due to covenant breaches, though the bank expects multi‑year amortization). Revenue-generating actions include about $150,000/month from grinding/granulating/pelletizing work, a backlog/project pipeline that includes ~13 million pounds of ABS plus another 6–7 million pounds of high‑molecular‑weight material to process, four pelletizing units in operation, and a potential 90,000‑pallet management opportunity; historically the company did roughly $50 million of revenue with Walmart over 5–6 years and received ~80 truckloads from Walmart in the last 90 days as part of a track‑and‑trace pilot. Operational capacity for tracking includes ~38,000 cellular devices (7‑year life), the firm has ~3,300‑ton machines and new equipment in Missouri, and corporate actions noted include prior repurchases of ~$1 million of common stock and payoff of $5 million of preferred (saving ~ $350,000/year in interest); the company says headcount was reduced by 140 (with some rehired) and expects cash flow to approach a steady breakeven as these initiatives take hold.Greystone Logistics Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
58
Neutral
Cash Flow
46
Neutral
| Breakdown | TTM | Aug 2025 | Aug 2024 | May 2023 | May 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.93M | 57.87M | 61.78M | 60.76M | 74.17M | 64.93M |
| Gross Profit | 1.97M | 9.48M | 11.72M | 9.33M | 7.77M | 11.46M |
| EBITDA | 2.34M | 10.25M | 13.08M | 15.23M | 11.28M | 12.05M |
| Net Income | -4.71M | 2.35M | 5.03M | 6.34M | 4.27M | 3.35M |
Balance Sheet | ||||||
| Total Assets | 38.87M | 45.97M | 52.26M | 49.53M | 45.75M | 43.73M |
| Cash, Cash Equivalents and Short-Term Investments | 216.60K | 1.55M | 5.80M | 695.95K | 3.14M | 4.39M |
| Total Debt | 16.64M | 16.26M | 18.92M | 22.59M | 15.69M | 19.91M |
| Total Liabilities | 25.09M | 26.10M | 28.28M | 29.99M | 30.66M | 32.48M |
| Stockholders Equity | 13.79M | 19.88M | 23.98M | 19.54M | 13.70M | 10.02M |
Cash Flow | ||||||
| Free Cash Flow | -93.23K | 4.53M | 9.59M | -5.31M | 506.84K | 12.28M |
| Operating Cash Flow | 2.39M | 10.29M | 12.39M | 3.87M | 6.64M | 15.18M |
| Investing Cash Flow | -2.44M | -5.70M | -2.80M | -9.13M | -6.08M | -2.91M |
| Financing Cash Flow | -3.54M | -8.84M | -4.49M | 2.81M | -1.80M | -9.02M |
Greystone Logistics Technical Analysis
Negative
0.99
Price Trends
0.21
Negative
0.26
Negative
0.54
Negative
Market Momentum
>-0.01
Negative
46.78
Neutral
49.66
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLGI, the sentiment is Negative. The current price of 0.99 is above the 20-day moving average (MA) of 0.21, above the 50-day MA of 0.21, and above the 200-day MA of 0.54, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.78 is Neutral, neither overbought nor oversold. The STOCH value of 49.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | $82.54M | 100.25 | 2.11% | ― | 7.82% | -64.59% | |
52 Neutral | $76.32M | -98.41 | -1.07% | 1.33% | 5.55% | -120.30% | |
50 Neutral | $211.81M | 21.19 | 6.15% | ― | -5.16% | -16.62% | |
45 Neutral | $40.16M | -3.24 | 196.02% | ― | -95.28% | 18.96% | |
44 Neutral | $5.48M | -1.16 | -4.89% | ― | -27.00% | -291.20% | |
43 Neutral | $5.32M | -0.09 | -43.37% | ― | 61.85% | 49.02% |
* Basic Materials Sector Average
GLGI
Greystone Logistics
0.20
-1.10
-84.54%
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23.80
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FSI
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6.48
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Gulf Resources
3.85
-4.13
-51.75%
NTIC
Northern Technologies International
8.04
0.67
9.05%
LOOP
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0.83
-0.72
-46.45%
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.