Greenlane Holdings Inc reports results for the quarter ended in June - Earnings Summary

Greenlane Holdings

15/08/2023 01:32

* Greenlane Holdings Inc  GNLN.OQ  reported a quarterly
adjusted
loss of $6.56​​ per share for the quarter ended in June. The
lone analyst forecast for the quarter was for a loss of $4.21
per share.
    * Revenue fell 50.8% to $19.63 million from a year ago;
analysts
expected $22.64 million. 
    * Greenlane Holdings Inc's reported EPS for the quarter was
a loss
of $6.56​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Greenlane Holdings Inc shares had fallen by 8.1% this
quarter and lost 69.0% so far this year.
    * The company reported a quarterly loss of $10.53 million.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 15 at 12:32 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -4.21          -6.56          Missed
 Mar. 31 2023      -11.78         -6.40          Beat
 Dec. 31 2022      -16.40         -10.20         Beat
 Sep. 30 2022      -12.02         -1.14 hundred  Missed