Greenlane Renewables Inc T.GRN

The key to Q2/21 on August 12th. PROFIT.

[DOCInvestor]

Revenue growth is great but for GRN to breakout into the $3.00+ range it needs EPS of at least 10 cents. I'm not holding out for that, and any improvement is good, but no use taking LNG to scale if you can't make any money doing it. 

If the company is still not making any money, don't expect any great breakout, and any selling or profit taking in the $1.75 - $2.25 range is reasonable.

If it makes money, HOLD and don't shortchange yourself, as Greenlane will position itself nicely towards becoming a billion dollar company in the next few years.

[Airbud]

I definitely agree with you DOC.  Brad has been on record many times saying that GRN will begin to turn a profit north of the $30M rev level...if we can accelerate the frequency of these large contract wins (yet another one today) then I'm as confident as he is that we'll see a profit in 2021 and beyond. I have no doubt that we'll see record Q2 revs announced on Thursday

[MB11111]

looking at last 3 quarters, we are at 27.5M$...when adding next quarter (around 18M$ If growth % is in line with last quarter) we will be way above the 30M$ break even point on a rolling 12 month...let's hope Brad keeps his promise!  GLTA

[GoldenArm]

You can't promise profitability and Brad never promised that. All you can say is if everything goes according to plan and if costs are in line then profitability is going to happen. Carefully add in the greater than expected inflation and the cost of steel being high, not to mention other parts needed, could drive the cost of goods higher. GRN did mention these things in their last talk after

[tonyxdsun]

This is a growth play.

[GoldenArm]

Absolutely a growth play. We want to see revenue and backlog increase. They paid of debt so we should anticipate positive earnings however I think we may see a head wind on the earnings side only because of inflation. We should see growth in revenue and I won't be disappointed if they have negative earning or breakeven.

[DOCInvestor]

Respectfully disagree. Substantial revenue growth is already priced in and should be comparable to the Q1 2020/2021 multiples.  My hunch is that those on the sidelines want to see one of these LNG plays start making some money. I'm not saying it needs to have mining/oilfield type cashflow. But too many renewables don't make any money and get sacrificed at the altar of the

[bmbruce]

Given the fact that GRN outsources, to a third party, the manufacturing of the materials relevant to any particular project they are able to maintain their gross profit margins of 25-30% on the sale of equipment... accordingly inflation should not be a significant concern..