Greenlane Holdings, Inc. (NASDAQ:GNLN) is expected to report third quarter earnings results, before market open, on Thursday 12th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.1 per share.
Looking ahead, the full year loss are expected at $ 0.32 per share on the revenues of $ 136.66 million.
Previous Quarter Performance
Greenlane Holdings, Inc. disclosed loss for the second quarter of $ 0.46 per share, from the revenue of $ 32.40 million. The quarterly revenues down 38.86 percent compared with the same quarter last year. According to street consensus, GNLN was expected to report 2Q20 loss of $ 0.08 per share from revenue of $ 29.38 million. The bottom line results missed street analysts by $ 0.38 or 475 percent, at the same time, top line results outshined analysts by $ 3.02 million or 10.28 percent.
Stock Performance
Shares of Greenlane Holdings, Inc. traded low $ -0.25 or -7.14 percent on Wednesday, reaching $ 3.25 with volume of 313.00 thousand shares. Greenlane Holdings, Inc. has traded high as $ 3.50 and has cracked $ 3.17 on the downward trend
The closing price of $ 3.25, representing a 243.14 % increase from the 52 week low of $ 1.02 and a 16.67 % decrease over the 52 week high of $ 4.20.
The company has a market capital of $ 136.89 million and is part of the Consumer Defensive sector and Tobacco industry.
Conference Call
Greenlane Holdings, Inc. will be hosting a conference call at 8:30 AM eastern time on 12th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, (833) 519-1285 Toll Free, (United States), and the passcode is 9693218 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.gnln.com
Greenlane Holdings, Inc. distribute consumption accessories and vaporization products to wholesale and retail customers in the United States and Canada. The company offers vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers, and customized lines of specialty packaging.
