Filing Flows › Greenlane Holdings (GNLN) › Q4 2024
Greenlane Holdings (GNLN) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 21, 2025
Greenlane Holdings (GNLN) reported revenue of $1.7M for the fourth quarter 2024 (Q4 2024), -83% from a year earlier and -59% from the quarter before. Operating margin was -229.1%, net loss $8.8M (528.9% of revenue).
Greenlane Holdings, Q4 2024: revenue $1.7M (-83% year over year), operating margin -229.1%, net loss $8.8M, operating cash flow −$1.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7M | -59% | -83% |
| Operating profit | −$3.8M | — | — |
| Net earnings | −$8.8M | — | — |
| Operating cash flow | −$1.5M | — | — |
What changed
Revenue was $1.7M in Q4 2024, down 83% year over year and down 59% from the previous quarter.
Gross margin was 44.1%, down 2.0 points from a year earlier. Operating costs exceeded revenue by $3.8M, an operating margin of -229.1%. Operating expenses fell 41% while revenue fell 83%. The quarter ended with a net loss of $8.8M, wider than the previous quarter's $3.8M loss. Net interest and other expense of $5.0M was the main reason.
Operating cash flow was −$1.5M. Non-cash charges added back $165K of depreciation and amortization. Working capital and other items added $7.1M. Capital expenditures of $71K exceeded it, leaving free cash flow of −$1.6M.
Questions
What was Greenlane Holdings' revenue in the fourth quarter 2024?
Greenlane Holdings (GNLN) reported revenue of $1.7M for the fourth quarter 2024 (Q4 2024), -83% from a year earlier and -59% from the quarter before.
Was Greenlane Holdings profitable in the fourth quarter 2024?
Operating loss was $3.8M (-229.1% of revenue) and net loss $8.8M.
Source: Greenlane Holdings 10-K on SEC EDGAR.