Earnings Call Summary | GREENLANE RENEWABLES INC(GRNWF.US) Q1 2024 Earnings Conference
Earnings Call Summary | GREENLANE RENEWABLES INC(GRNWF.US) Q1 2024 Earnings Conference
The following is a summary of the Greenlane Renewables Inc. (GRNWF) Q1 2024 Earnings Call Transcript:
以下是格林兰可再生能源公司（GRNWF）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Greenlane Renewables reported Q1 2024 revenue of $18.1 million, 23% higher than the previous year.
The company reported an improved gross margin of 26.5%, up 250 basis points from Q1 2023 due to changes in product mix.
Adjusted EBITDA loss decreased from $1.7 million in Q4, 2023 to $0.5 million in Q1, 2024.
Greenlane Renewables experienced a reduced net loss and comprehensive loss from continuing operations of $800,000 from $2 million in Q1 2023.
格林兰可再生能源公司报告称，2024年第一季度收入为1,810万美元，比上年增长23％。
该公司报告称，由于产品组合的变化，毛利率提高了26.5％，较2023年第一季度增长了250个基点。
调整后的息税折旧摊销前利润亏损从2023年第四季度的170万美元下降到2024年第一季度的50万美元。
格林兰可再生能源公司的持续经营净亏损和综合亏损从2023年第一季度的200万美元减少了80万美元。
Business Progress:
业务进展：
The company foresees positive growth in its adjusted EBITDA, premised on strong ongoing sales activity and a refilled sales pipeline.
They have begun recognizing royalty revenue from their collaboration with ZEG Biogas in Brazil, expected to improve margin and business performance.
Greenlane Renewables sold its U.K. subsidiary to focus more on growing the core parts of its business, particularly its Cascade products.
Greenlane's sales order backlog at the end of the quarter stood at $24 million.
该公司预计，调整后的息税折旧摊销前利润将实现正增长，这要归因于强劲的持续销售活动和充足的销售渠道。
他们已开始确认与巴西ZEG Biogas合作的特许权使用费收入，预计这将提高利润率和业务绩效。
Greenlane Renewables出售了其英国子公司，以更多地专注于发展其业务的核心部分，尤其是其Cascade产品。
截至本季度末，Greenlane的销售订单积压为2400万美元。
More details: GREENLANE RENEWABLES INC IR
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