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Greenlane Renewables (TSE:GRN)
:GRN
RESEARCH TOOLSreports
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.17Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 20, 2025
|% Change Since: -11.11%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial improvements, technological advancements, and strategic market positioning, especially in Brazil. However, it also noted revenue declines and potential impacts from US tariffs. The positive developments and strategic plans suggest a favorable outlook, while acknowledging certain challenges.Company Guidance
During the Greenlane Renewables' Q4 and year-end 2024 video conference, significant progress was highlighted in financial and operational metrics. The adjusted dividend increased by over 80%, and the balance sheet's cash position improved by 35%, while G&A costs decreased by 25%. The gross margin as a percentage of revenue rose from 25% in 2023 to 32% in 2024. Greenlane concluded 2024 with $16.2 million in cash and no debt, alongside a $21.8 million sales order backlog. Despite a revenue decrease to $51.8 million, there was a marked improvement in profitability, with the adjusted EBITDA loss reducing by 81% year-over-year. The company also achieved a net income of $1.9 million in Q4 2024, compared to a $16.8 million loss in the same period of 2023. Greenlane's strategic focus remains on developing advanced products, enhancing project execution, and maintaining strong financial discipline into 2025.Improved Financial Metrics
Adjusted dividend improved by over 80%, balance sheet cash position strengthened by over 35%, and G&A cost run rate reduced by over 25%. Gross margin increased from 25% in 2023 to 32% in 2024.
Technological Innovations
Greenlane filed two new patent applications for landfill gas upgrading technology aimed at maximizing methane recovery while reducing capital expenditure. Plans to unveil next generation product line in 2025.
Strong Financial Performance
Adjusted EBITDA improved 81% from a $9 million loss in 2023 to a $1.7 million loss in 2024. Net income of $1.9 million in Q4 2024 compared to a net loss of $16.8 million in Q4 2023.
Market Leadership and Opportunities
Greenlane is the market share leader in Brazil, poised to benefit from the projected growth of RNG volumes globally with a 19% CAGR from 2018 to 2027 according to IEA.
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TSE:GRN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:GRN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 20, 2025 | C$0.09 | C$0.10 | +11.11% |
| Nov 07, 2024 | C$0.06 | C$0.08 | +33.33% |
| Aug 07, 2024 | C$0.10 | C$0.09 | -10.00% |
| May 09, 2024 | C$0.08 | C$0.10 | +25.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Greenlane Renewables (TSE:GRN) report earnings?
Greenlane Renewables (TSE:GRN) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Greenlane Renewables (TSE:GRN) earnings time?
Greenlane Renewables (TSE:GRN) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:GRN EPS forecast?
Currently, no data Available
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