Post by
Canadian_101 on Nov 08, 2022 4:25pm
Strong 3rd Quarter Results and NO Debt
"We've delivered record quarterly revenue and a solid bottom line, and we maintain our excitement about the growth of the RNG industry and our role in its success," said Brad Douville, CEO of Greenlane. "We remain driven to grow our business and balance this growth's impact on our bottom line."
"We appreciate that macroeconomic events have dominated market headlines in recent months. However, even with this uncertainty, we have maintained a balanced and analytical approach to our business. Our balance sheet is strong and we will continue to be opportunistic as the market for RNG further develops. Looking ahead, we're excited about what 2023 can bring."
It was never a matter of 'if', it was always a matter of 'when'. We anticipate further consolidation in the sector, which together with supportive regulations and policies such as the Inflation Reduction Act and REPowerEU plan, are expected to provide additional capital to help expedite the RNG industry's growth. We expect this will have a positive effect on the pace of development for RNG project developers and owners, increasing market strength, project financing and new sales opportunities for Greenlane."
Looking forward to an exciting 2023!!!!!
Comment by
impega on Nov 08, 2022 4:37pm
Looking good! Just need a few decent contract wins to move ahead. Notably they showed a profit in Q3 a considerable feat given supply chain issues, interest rates and other macro headwinds. Will 2023 bw a breakout year? Perhaps they get swallowed up by a big player.
Comment by
Canadian_101 on Nov 08, 2022 4:42pm
Yes I was very happy to see that they were able to have some profit, hopefully that will shut_up the bashers out there. It could happen that they get bought, I just hope its for 3 bucks a share or more...LOL
Comment by
ddogold on Nov 08, 2022 6:30pm
Nice solid numbers . Onwards and upwards . GLTA