v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net sales $ 34,715 $ 32,400 $ 68,724 $ 66,268
Cost of sales 26,944 25,583 53,640 52,122
Gross profit 7,771 6,817 15,084 14,146
Operating expenses:        
Salaries, benefits and payroll taxes 5,596 6,121 11,966 12,735
General and administrative 7,116 6,426 15,455 15,085
Goodwill impairment charge 0 0 0 8,996
Depreciation and amortization 642 650 1,186 1,360
Total operating expenses 13,354 13,197 28,607 38,176
Loss from operations (5,583) (6,380) (13,523) (24,030)
Other (expense) income, net:        
Interest expense (133) (110) (249) (220)
Other (expense) income, net (120) 186 204 1,126
Total other (expense) income, net (253) 76 (45) 906
Loss before income taxes (5,836) (6,304) (13,568) (23,124)
Provision for (benefit from) income taxes 4 8 (14) (73)
Net loss (5,840) (6,312) (13,554) (23,051)
Less: Net loss attributable to non-controlling interest (2,797) (4,261) (6,255) (16,539)
Net loss attributable to Greenlane Holdings, Inc. $ (3,043) $ (2,051) $ (7,299) $ (6,512)
Net loss per share of Class A common stock - basic (in dollars per share) $ (0.16) $ (0.18) $ (0.45) $ (0.60)
Net loss per share of Class A common stock - diluted (in dollars per share) $ (0.16) $ (0.18) $ (0.45) $ (0.60)
Weighted-average shares of Class A common stock outstanding - basic (in shares) 18,837 11,380 16,095 10,921
Weighted-average shares of Class A common stock outstanding - diluted (in shares) 18,837 11,380 16,095 10,921
Other comprehensive income (loss):        
Foreign currency translation adjustments $ 243 $ 471 $ 88 $ (156)
Unrealized gain (loss) on derivative instrument 0 (66) 204 (559)
Comprehensive loss (5,597) (5,907) (13,262) (23,766)
Less: Comprehensive loss attributable to non-controlling interest (2,650) (3,955) (6,077) (17,086)
Comprehensive loss attributable to Greenlane Holdings, Inc. $ (2,947) $ (1,952) $ (7,185) $ (6,680)

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