2023-05-15 16:33:57 ET
- Greenlane Holdings press release ( NASDAQ: GNLN ): Q1 GAAP EPS of -$0.64 beats by $0.06 .
- Revenue of $24M (-48.4% Y/Y) beats by $1.09M .
- Gross margin was 23.0% during the quarter versus 26.7% during the fourth quarter of 2022.
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Operating expenses in Q1 2023 were down $7.1 million or 32% compared with Q4 2022, inclusive of a Q4 2022 intangible assets impairment charge of $4.6 million.
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Adjusted EBITDA loss was $6.8 million during the quarter, compared with a loss of $7.6 million, in the fourth quarter of 2022.
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Greenlane Holdings GAAP EPS of -$0.64 beats by $0.06, revenue of $24M beats by $1.09M