Greenlane Holdings Third Quarter 2022 Earnings: Misses Expectations

Greenlane Holdings (NASDAQ:GNLN) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$28.7m (down 31% from 3Q 2021).

  • Net loss: US$75.1m (loss widened by 361% from 3Q 2021).

  • US$11.43 loss per share (further deteriorated from US$8.20 loss in 3Q 2021).



All figures shown in the chart above are for the trailing 12 month (TTM) period

Greenlane Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Retail Distributors industry in the US.

Performance of the American Retail Distributors industry.

The company’s shares are down 11% from a week ago.

Risk Analysis

What about risks? Every company has them, and we’ve spotted 4 warning signs for Greenlane Holdings you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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