Greenlane Renewables Inc T.GRN

Alternate Symbol(s): GRNWF

Energy Technology

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.

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Greenlane Renewables Inc > GRN revenue

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Comment by tonyxdsunon Nov 10, 2021 3:41pm

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Post# 34111713

RE:GRN revenue

This is not true.

The correct math is:
Current backlog = q2 backlog + q3 sales contract - q3 revenue (recognized)

DDT980 wrote: Over the last 5 qtrs.GRN has consistently reported an average backlog of about $40 million. They have also said that contracts take 3 to 5 qtrs to for the total revenue to be recognized. The math is simple. Even if the backlog stays at $40 million, the annual steady state revenue will be 4 x $40 million.

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