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.

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Greenlane Renewables Inc

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Post by DDT980on Nov 10, 2021 8:55pm

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Post# 34113031

GRN revenue

Estimate was only mentioned because the backlog has been at about 40 for over 5 qtrs. If GRN is able to maintain a 40 million backlog in a longer term and all new orders are recognized as revenue in equal amounts over 5 qtrs (just an assumption) then the steady state revenue would get to ~ 160 million over 3 years. New orders would have have to rise considerably from the current level. See below.

			Year 1				Year 2				Year 3
	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
	20	21	21	21	21	22	22	22	22	23	23	23	23
Backlog Begin Qtr	40	40	40	40	40	40	40	40	40	40	40	40	40
New orders in Qtr	10	10	3	16	20	13	13	23	26	29	33	35	35
SALES - Initial BL	8	8	8	8	8	-	-	-	-	-	-	-	-
SALES -New Orders	2	2	2	2	2	-	-	-	-	-	-	-	-
	-	2	2	2	2	2	-	-	-	-	-	-
	-	-	1	1	1	1	1	-	-	-	-	-	-
	-	-	-	3	3	3	3	3	-	-	-	-
	-	-	-	-	4	4	4	4	4	-	-	-	-
	-	-	-	-	-	3	3	3	3	3	-	-	-
	-	-	-	-	-	-	3	7	7	7	7	7	-
	-	-	-	-	-	-	-	7	7	7	7	7	7
	-	-	-	-	-	-	-	-	7	7	7	7	7
	-	-	-	-	-	-	-	-	-	7	7	7	7
	-	-	-	-	-	-	-	-	-	-	7	7	7
	-	-	-	-	-	-	-	-	-	-	-	8	8
	-	-	-	-	-	-	-	-	-	-	-	-	8
Rev in Qtr	10	12	13	16	20	12	13	23	26	29	33	41	43
Annual Rev					60				74				147

			= Entered number to keep backlog at $40 million