Greenlane Holdings Inc. (GNLN) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1095 BROKEN SOUND PARKWAY BOCA RATON, FL 33487 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 5099 - Durable Goods, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 169 | 157 | 463 | 2,443 | 4,651 | 5,872 | |||
| Cash and cash equivalents | 169 | 157 | 463 | 2,443 | 4,651 | 5,872 | |||
| Receivables | 2,140 | 1,834 | 1,771 | 3,803 | 3,089 | 7,856 | |||
| Inventory, net of allowances, customer advances and progress billings | 17,268 | 18,320 | 20,529 | 22,638 | 29,840 | 37,043 | |||
| Inventory | 17,268 | 18,320 | 20,529 | 22,638 | 29,840 | 37,043 | |||
| Prepaid expense | 102 | 748 | 1,207 | 2,757 | |||||
| Deferred costs | |||||||||
| Other current assets | 2,261 | 2,741 | 3,319 | 1,310 | |||||
| Other undisclosed current assets | 3,418 | 3,134 | 2,480 | 4,558 | 11,906 | 12,023 | |||
| Total current assets: | 25,358 | 26,934 | 29,769 | 37,509 | 49,486 | 62,794 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,499 | 1,727 | 1,936 | 2,163 | 2,505 | 2,936 | |||
| Property, plant and equipment | 2,178 | 2,358 | 2,476 | ||||||
| Intangible assets, net (including goodwill) | 46,630 | 47,949 | |||||||
| Intangible assets, net (excluding goodwill) | 46,630 | 47,949 | |||||||
| Other noncurrent assets | 3,894 | 4,044 | 3,912 | ||||||
| Other undisclosed noncurrent assets | 8,776 | 15,862 | 16,302 | ||||||
| Total noncurrent assets: | 7,571 | 8,129 | 8,324 | 10,939 | 64,997 | 67,187 | |||
| TOTAL ASSETS: | 32,929 | 35,063 | 38,093 | 48,448 | 114,483 | 129,981 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 17,855 | 16,829 | 15,159 | 21,305 | 28,884 | 29,883 | |||
| Accounts payable | 15,005 | 12,909 | 12,103 | 11,909 | 17,166 | 16,999 | |||
| Accrued liabilities | 2,850 | 3,920 | 3,056 | 9,396 | 11,718 | 12,884 | |||
| Deferred revenue | 2,410 | 2,938 | 3,224 | ||||||
| Debt | 4,905 | 7,202 | 7,290 | 7,106 | 2,462 | 2,827 | |||
| Other undisclosed current liabilities | 3,661 | 3,661 | 3,641 | 898 | 1,005 | 1,179 | |||
| Total current liabilities: | 26,421 | 27,692 | 26,090 | 31,719 | 35,289 | 37,113 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 5,564 | ||||||||
| Long-term debt, excluding current maturities | 5,535 | ||||||||
| Finance lease, liability | 29 | ||||||||
| Liabilities, other than long-term debt | 554 | 782 | 1,011 | 1,238 | 1,473 | 1,730 | |||
| Other liabilities | 1 | ||||||||
| Operating lease, liability | 554 | 782 | 1,010 | 1,238 | 1,473 | 1,730 | |||
| Other undisclosed noncurrent liabilities | 80 | 2,671 | 80 | ||||||
| Total noncurrent liabilities: | 554 | 782 | 1,011 | 1,318 | 4,144 | 7,374 | |||
| Total liabilities: | 26,975 | 28,474 | 27,101 | 33,037 | 39,433 | 44,487 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 6,103 | 6,721 | 11,124 | 15,420 | 75,095 | 85,547 | |||
| Additional paid in capital | 268,249 | 268,212 | 268,132 | 268,105 | 266,912 | 266,721 | |||
| Accumulated other comprehensive income | 244 | 247 | 245 | 238 | 260 | 233 | |||
| Accumulated deficit | (262,395) | (261,780) | (257,289) | (252,956) | (192,092) | (181,559) | |||
| Other undisclosed equity, attributable to parent | 5 | 42 | 36 | 33 | 15 | 152 | |||
| Equity, attributable to noncontrolling interest | (149) | (132) | (132) | (9) | (45) | (53) | |||
| Total equity: | 5,954 | 6,589 | 10,992 | 15,411 | 75,050 | 85,494 | |||
| TOTAL LIABILITIES AND EQUITY: | 32,929 | 35,063 | 38,093 | 48,448 | 114,483 | 129,981 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,652 | 4,926 | 9,989 | 11,800 | 19,625 | 23,959 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (1,641) | (3,414) | (5,385) | (8,671) | (15,051) | (18,440) | ||
| Gross profit: | 1,011 | 1,512 | 4,604 | 3,129 | 4,574 | 5,519 | ||
| Operating expenses | (4,506) | (5,492) | (7,623) | (10,016) | (14,103) | (15,039) | ||
| Operating loss: | (3,495) | (3,980) | (3,019) | (6,887) | (9,529) | (9,520) | ||
| Nonoperating income (expense) | 2,863 | (511) | (1,431) | (3,211) | (1,003) | (727) | ||
| Other nonoperating income (expense) | (14) | 11 | (1,129) | 204 | (85) | 88 | ||
| Interest and debt expense | 2,166 | (522) | (3,415) | (918) | (815) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 5,148 | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,534 | (5,013) | 698 | (13,513) | (11,450) | (11,062) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (2,166) | 522 | (5,148) | 3,415 | 918 | 815 | ||
| Loss from continuing operations before income taxes: | (632) | (4,491) | (4,450) | (10,098) | (10,532) | (10,247) | ||
| Income tax expense (benefit) | 7 | (1) | ||||||
| Other undisclosed loss from continuing operations | (6) | |||||||
| Net loss: | (632) | (4,491) | (4,456) | (10,098) | (10,525) | (10,248) | ||
| Net income (loss) attributable to noncontrolling interest | 17 | 123 | (19) | (8) | 54 | |||
| Net loss attributable to parent: | (615) | (4,491) | (4,333) | (10,117) | (10,533) | (10,194) | ||
| Other undisclosed net income (loss) available to common stockholders, basic | 388 | (388) | ||||||
| Net loss available to common stockholders, basic: | (615) | (4,491) | (3,945) | (10,505) | (10,533) | (10,194) | ||
| Other undisclosed net loss available to common stockholders, diluted | (388) | |||||||
| Net loss available to common stockholders, diluted: | (615) | (4,491) | (4,333) | (10,505) | (10,533) | (10,194) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (632) | (4,491) | (4,456) | (10,098) | (10,525) | (10,248) | ||
| Other comprehensive income (loss) | (22) | 27 | 178 | |||||
| Other undisclosed comprehensive income (loss) | (3) | 2 | 9 | (2) | ||||
| Comprehensive loss: | (635) | (4,489) | (4,447) | (10,122) | (10,498) | (10,070) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 17 | 2 | 142 | (19) | 8 | 54 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (2) | 19 | (54) | |||||
| Comprehensive loss, net of tax, attributable to parent: | (618) | (4,489) | (4,305) | (10,122) | (10,490) | (10,070) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.