Greenlane Holdings Inc
For the period ended Dec 31, 2023. Filed Jul 19, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Jul 19, 2024
GNLN$1.14-1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except per share amounts)
| For the for the year ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Net sales | $65,373 | $137,085 |
| Cost of sales | 47,547 | 112,102 |
| Gross profit | 17,826 | 24,983 |
| Operating expenses: | ||
| Salaries, benefits and payroll taxes | 17,454 | 31,290 |
| General and administrative | 24,213 | 41,000 |
| Goodwill and indefinite-lived intangibles impairment charge | — | 71,360 |
| Definite-lived intangibles impairment charge | — | 50,694 |
| Property and equipment impairment charge | — | 7,336 |
| Depreciation and amortization | 2,243 | 7,405 |
| Total operating expenses | 43,910 | 209,085 |
| Loss from operations | (26,084) | (184,102) |
| Other (expense) income, net: | ||
| Interest expense | (5,450) | (2,450) |
| Employee retention credits | — | 4,854 |
| Other expense, net | (791) | (541) |
| Total other (expense) income, net | (6,241) | 1,863 |
| Loss before income taxes | (32,325) | (182,239) |
| Provision for (benefit from) income taxes | — | (13) |
| Net loss | (32,325) | (182,226) |
| Less: Net loss attributable to non-controlling interest | (150) | (12,717) |
| Net loss attributable to Greenlane Holdings, Inc. | $(32,175) | $(169,509) |
| Net loss attributable to Class A common stock per share - basic and diluted (Note 9)* | $(8.16) | $(22.51) |
| Weighted-average shares of Class A common stock outstanding - basic and diluted (Note 9)* | 3,993 | 753 |
| Other comprehensive income (loss): | ||
| Foreign currency translation adjustments | 190 | (211) |
| Unrealized gain (loss) on derivative instrument | — | 26 |
| Comprehensive loss | (32,135) | (182,411) |
| Less: comprehensive loss attributable to non-controlling interest | (150) | (12,633) |
| Comprehensive loss attributable to Greenlane Holdings, Inc. | $(31,985) | $(169,778) |
| * | After giving effect to the Reverse Stock Splits - See Note 9 - Stockholders’ Equity. |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.