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Greenlane Renewables Inc T.GRN

Alternate Symbol(s):  GRNWF

Greenlane Renewables Inc. is a Canada-based company, which provides biogas upgrading systems. Its systems produce clean, renewable natural gas from organic-waste sources including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as commercial vehicle fuel. The biogas upgrading systems, marketed and sold by the Company under the Greenlane Renewables brand, remove impurities and separate carbon dioxide from bio methane in the raw biogas created from the anaerobic decomposition of organic waste at landfills, wastewater treatment plants, farms, food waste streams, and other feedstock sources. It is engaged in deploying the three main upgrading technologies: water wash, pressure swing adsorption, and membrane separation, plus proprietary biogas desulfurization technology. It has delivered over 145 biogas upgrading systems into 19 countries and over 160 biogas desulfurization units.


TSX:GRN - Post by User

Comment by miscstuffon May 12, 2021 7:40pm
372 Views
Post# 33188658

RE:Wow on Revenue and no Debt!

RE:Wow on Revenue and no Debt!
GoldenArm wrote: Excellent!  They did 22.5M for 2020 and in the first quarter they are at 12.2M which is an increase of 317%. Their Gross margins for all of 2020 was 6.4M and they are already up 3.3M in one quarter.
The large increase can be due to completion and billing of a large job, but shouldn't new contracts keep pace with billings? Yes, it can take several quarters or more than a year to complete a job but without feeding the beast quarterly to replenish work completed there has to be a big dip somewhere down the road. Think about it: revenue for the quarter $12.2 million, new contracts $3.6 million. Is exercising of warrants rolled into revenue which will not be ongoing? Just asking for input or correction of warped logic, not bashing.

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