Greenlane Renewables Second Quarter 2024 Earnings: CA$0.003 loss per share (vs CA$0.029 loss in 2Q 2023)

Greenlane Renewables (TSE:GRN) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$14.6m (down 1.9% from 2Q 2023).
• Net loss: CA$477.0k (loss narrowed by 89% from 2Q 2023).
• CA$0.003 loss per share (improved from CA$0.029 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Greenlane Renewables Earnings Insights

Looking ahead, revenue is expected to decline by 20% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 2.6%.

Performance of the Canadian Oil and Gas industry.

The company's shares are down 5.3% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Greenlane Renewables (1 makes us a bit uncomfortable!) that we have uncovered.

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