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Bullboard - Stock Discussion Forum 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... see more

TSX:GRN - Post Discussion

Greenlane Renewables Inc > Wow on Revenue and no Debt!
View:
Post by GoldenArm on May 12, 2021 4:38pm

Wow on Revenue and no Debt!

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.
Comment by Redj4444 on May 12, 2021 4:43pm
Good time to buy  $1,49
Comment by miscstuff on May 12, 2021 7:40pm
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 ...more  
Greenlane Renewables Inc
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