Education
About Us
Working with TipRanks
Follow Us
Greenlane Renewables (TSE:GRN)
:GRN
RESEARCH TOOLSreports
Top Page
Greenlane Renewables Inc
(TSX:GRN)
66Neutral
Greenlane Renewables Inc (GRN) vs. S&P 500 (SPY)
Market Cap
C$14.90M
Dividend YieldN/A
Average Volume (3M)104.10K
Price to Earnings (P/E)―
Beta (1Y)1.53
Revenue Growth-10.37%
EPS Growth95.22%
CountryCA
Employees92
SectorIndustrials
Sector Strength63
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding156,840,030
10 Day Avg. Volume86,732
30 Day Avg. Volume104,099
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.27
Price to Cash Flow (P/CF)0.60
P/FCF Ratio0.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Greenlane Renewables Inc Business Overview & Revenue Model
Company DescriptionGreenlane Renewables Inc. is a leading provider of biogas upgrading systems that transform raw biogas into renewable natural gas (RNG) for various energy sectors. The company operates internationally, offering a suite of technologies that cater to the renewable energy sector by converting waste into clean energy. Greenlane's core services include the design, supply, and installation of biogas upgrading systems that utilize pressure swing adsorption, water wash, and membrane separation technologies.
How the Company Makes MoneyGreenlane Renewables Inc. generates revenue primarily through the sale and installation of biogas upgrading systems. The company's key revenue streams include equipment sales, project management services, and after-sales support such as maintenance and spare parts. Significant partnerships with industry stakeholders and governments also contribute to its earnings, as they often involve long-term contracts and collaboration on projects aimed at increasing renewable energy production. Additionally, Greenlane benefits from the growing global demand for sustainable energy solutions and incentives provided by governments to promote the use of RNG.
Greenlane Renewables Inc Financial Statement Overview
Summary
Greenlane Renewables Inc is facing financial difficulties with declining revenues and persistent losses. Despite a low debt-to-equity ratio indicating minimal leverage risk, the company has negative cash flows and declining stockholder equity, raising concerns about long-term financial health.Income Statement
Greenlane Renewables Inc shows a challenging revenue trajectory with a decline in TTM revenue compared to last year. The gross profit margin stands at 23.83% for TTM, indicating some operational efficiency, but the net profit margin remains negative due to persistent losses. EBIT and EBITDA margins are also negative, reflecting ongoing profitability challenges.45
Neutral
Balance Sheet
The company's debt-to-equity ratio is low at 0.10, suggesting minimal leverage risk. However, the stockholders' equity has been decreasing, showing financial strain. The equity ratio at 44.20% indicates a moderate capital structure but reflects declining asset base stability.55
Neutral
Cash Flow
Operating cash flow is negative, and although free cash flow showed slight improvement, it remains in deficit. The operating cash flow to net income ratio is unfavorable, highlighting the company's struggles to generate cash from operations relative to its losses.40
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 60.60M | 57.82M | 71.24M | 55.35M | 22.50M | 9.12M | Gross Profit |
| 14.44M | 14.38M | 14.93M | 12.89M | 6.42M | 3.27M | EBIT |
| -6.47M | -13.20M | -7.87M | -2.17M | -3.64M | -2.69M | EBITDA |
| -4.66M | -11.15M | -3.05M | -868.00K | -528.00K | -4.04M | Net Income Common Stockholders |
| -21.27M | -29.58M | -5.50M | -2.45M | -2.47M | -5.05M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 524.00K | 11.79M | 21.38M | 31.47M | 16.44M | 2.27M | Total Assets |
| 528.00K | 54.35M | 83.39M | 78.79M | 43.17M | 26.57M | Total Debt |
| 0.00 | 1.95M | 1.24M | 459.00K | 6.64M | 11.79M | Net Debt |
| -524.00K | -9.84M | -20.15M | -31.01M | -9.80M | 9.52M | Total Liabilities |
| 91.00K | 29.05M | 29.90M | 22.30M | 17.30M | 18.87M | Stockholders Equity |
| 437.00K | 25.30M | 53.48M | 56.48M | 25.87M | 7.70M |
| Cash Flow | Free Cash Flow | ||||
| -1.21M | -9.20M | -475.00K | -10.69M | -2.10M | -2.86M | Operating Cash Flow |
| -1.02M | -9.00M | 40.00K | -10.48M | -2.04M | -2.81M | Investing Cash Flow |
| -166.00K | -311.00K | -9.91M | -217.00K | -53.00K | -2.26M | Financing Cash Flow |
| -190.00K | -265.00K | -231.00K | 25.72M | 16.27M | 6.82M |
Greenlane Renewables Inc Technical Analysis
Positive
0.10
Price Trends
0.09
Positive
0.10
Positive
0.09
Positive
Market Momentum
<0.01
Negative
57.89
Neutral
46.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GRN, the sentiment is Positive. The current price of 0.1 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.09, and above the 200-day MA of 0.09, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.89 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GRN.
Greenlane Renewables Inc Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $4.84B | 17.98 | 6.48% | 6.61% | 5.08% | ― | |
70 Outperform | C$2.73B | 265.29 | 1.44% | 2.68% | 2.60% | ― | |
66 Neutral | C$14.90M | ― | -5.60% | ― | -10.37% | 95.22% | |
64 Neutral | C$2.66B | 74.02 | 2.23% | 2.54% | -16.54% | -53.85% | |
62 Neutral | $7.25B | 12.39 | 3.08% | 3.39% | 3.63% | -14.32% | |
51 Neutral | $5.29B | ― | 1.65% | 7.19% | -6.72% | -6766.85% |
* Industrials Sector Average
Performance Comparison
TSE:GRN
Greenlane Renewables Inc
0.10
0.00
0.00%
TSE:NPI
Northland Power
18.56
-2.47
-11.72%
TSE:AQN
Algonquin Power & Utilities
6.89
-1.16
-14.42%
TSE:BLX
Boralex Inc Cl A
25.93
-1.47
-5.36%
TSE:INE
Innergex Renewable Energy
13.45
5.66
72.66%
Greenlane Renewables Inc Earnings Call Summary
Earnings Call Date: Mar 20, 2025 | % Change Since: 11.11% | Next Earnings Date: May 8, 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.Highlights
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.
Lowlights
Revenue Decline
Fourth quarter revenue of $8.5 million compared to $16.5 million in the same period of 2023. Fiscal year 2024 revenue of $51.8 million was 5% lower than 2023 revenue of $54.6 million.
Exposure to US Tariffs
Ongoing assessment of the direct and indirect impacts of US tariffs, including retaliatory tariffs or other trade protectionist measures.
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.Greenlane Renewables Inc Corporate Events
Business Operations and StrategyFinancial Disclosures
Greenlane Renewables Reports Strong Financial Gains and Technological Advances in 2024
Positive
Mar 20, 2025
Greenlane Renewables reported a significant improvement in its financial performance for the fiscal year 2024, with an 81% increase in adjusted EBITDA and a strengthened cash position. The company achieved notable operational milestones, including new contracts and patent filings for advanced landfill gas upgrading technology, positioning itself for further growth and innovation in the renewable energy sector.
Financial Disclosures
Greenlane Renewables to Release FY 2024 Financial Results
Neutral
Mar 13, 2025
Greenlane Renewables Inc. announced it will release its fourth quarter and fiscal year 2024 financial results on March 20, 2025. The announcement will be followed by a video presentation from the company’s CEO and CFO, providing insights into the company’s performance and future outlook. This release is significant for stakeholders as it will offer a detailed view of Greenlane’s financial health and its ongoing impact on the renewable energy industry.
Business Operations and Strategy
Greenlane Renewables Expands Service Agreements to Boost Recurring Revenue
Positive
Mar 13, 2025
Greenlane Renewables Inc. has secured three new service agreements for renewable natural gas project sites in North America, enhancing its service business and driving recurring revenue. These agreements, part of Greenlane’s 3-tiered service offering program, demonstrate customer confidence in the company’s expertise and solutions across various biogas sectors. By expanding its service offerings, Greenlane is reinforcing its position as a long-term partner, aligning with its 2025 strategy to prioritize financial discipline, customer success, and scalable growth in high-demand segments.
Business Operations and Strategy
Greenlane Renewables Unveils 2025 Strategy for Sustainable Growth
Positive
Feb 27, 2025
Greenlane Renewables has announced its 2025 strategy, emphasizing advanced products, superior project execution, and financial discipline. The company aims to leverage its market leadership in the fast-growing RNG sector, with a focus on price and performance, manufacturing control, intellectual property, and strategic partnerships to ensure long-term operational excellence and financial strength.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.