Greenlane Q4 revenue falls, net loss widens

Reuters04-01
Greenlane Q4 revenue falls, net loss widens

Overview

  • US digital asset treasury firm's Q4 revenue fell 18% as legacy operations wound down

  • Greenlane Holdings posted a large Q4 net loss, driven by digital asset fair value losses and non-cash charges

Outlook

  • Company did not provide specific financial guidance for the current or future periods in the press release

Result Drivers

  • DIGITAL ASSET STRATEGY SHIFT - Co attributed Q4 results to its transition toward a digital asset treasury strategy focused on BERA, including acquisition and staking activities

  • LEGACY BUSINESS WIND-DOWN - Q4 revenue decline reflected continued wind-down of legacy wholesale and distribution operations

  • BERA FAIR VALUE LOSS - Q4 net loss was driven by $31.1 mln loss on change in fair value of BERA holdings

Company press release: ID:nGNX2Lx0sp

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

$1.4 mln

Q4 Net Income

-$69.6 mln

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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