Greenlane Renewables - Ausichtsreiche Umweltaktie für eine CO2-freie Weltwirtschaft !!! (Seite 100)

[yarumchuck]

Jetzt müsste nur noch der Kurs nachziehen👌

[techinvestor69]

Beacon Securities behält das Kursziel für Greenlane bei 1,30 CAD und schreibt

Greenlane Renewables (GRN-V)
An Opportunity You Don’t Want to Miss
August 26, 2020

Q2/FY20 Results Beat on Profitability

Despite COVID19. Greenlane reported Q2/FY20 results that met expectations on revenue and beat on EBITDA, helped by solid cost controls. Total revenue of $4.2 million was in line with our estimate. Revenue breakdown was back near its normal split, with aftercare service revenue representing only 12.5% of total revenue for the quarter. GRN reported adjusted EBITDA loss of $510k, better than our forecast of loss of $700k. Gross margin of 25.7% was relatively in line with our 26.5% estimate, with the EBITDA beat largely driven by better-than-expected SG&A cost (by ~$300k). The company reported EPS (diluted) of -$0.01, in line with our forecast. Greenlane recognized revenue from four customer contracts during the quarter.

Backlog At Record Levels and Sales Pipeline Continues to Grow.

As of the end of Q2/FY20, GRN’s backlog stood at a record $41.9 million, to be recognized over a period of 9-18 months. The company’s sales pipeline stood at ~$694 million, which is relatively unchanged from the ~$700 million of Q1/FY20E. Net of new contract wins that were announced during the quarter (including the largest in GRN’s history, our report here), the sales pipeline grew by ~$18 million q/q. GRN updated the timeline for two of its projects, largely driven by the impact of COVID19. First, as it relates to its landfill contract in California ($8.3 million contract that was announced in Q4/FY19), GRN now expects work to commence before the end of FY20E (vs. mid-FY20E previously). This is due to delays in gaining the required permitting by GRN’s client due to COVID19 related government shutdowns. Second, GRN updated the timeline on its contract with Renewable Natural Gas Company of Ligonier, Pennsylvania ($7.0 million contract that was announced in Q1/FY20E, referred to as “RNGC” contract). It is expected that work on RNGC contract will also commence by the end of FY20E (vs. by end of Q2/FY20 previously). This delay is driven by change in the project’s financial partner (equity provider only, representing ~1/3rd of capital required). Note that these delays will not have a material impact on our FY20E revenue forecast as they will be more than offset by the company’s recent win in California (dairy projects).

GRN Continues Discussions for Build, Own and Operate Partnership in North America.

The company didn’t provide any major updates on this front, as discussions continue with “one or more partners”. While the announcement on this front has been delayed, in our view this shouldn’t faze investors especially as GRN is targeting a larger scope for its North American partnership than the one it signed with SWEN for the European market (see our report here). Encouragingly, we believe there is an opportunity to have the first project announced in tandem with the announcement of this partnership. The prime candidate for this would be the RNGC project, which is in need of a new financial partner on the equity side. Consequently, we pin our updated timeline for this initiative at “before the end of FY20E” mark.

A Steal at current Valuation.

Greenlane currently trades at an EV/Sales (FY21E) multiple of just 0.9x, near the lowest level since going public and well below renewable-gas-driven cleantech peers at an average of 10.4x and median of 2.6x. GRN’s valuation is in clear disconnect with its improving fundamentals as we believe GRN is in its best shape since going public. The company’s management achieved many impressive milestones, bolstering their track record at the helm of a public company. These include new contract wins for a total of $45.9 million, including the largest single contract in the GRN’s 30+ years history. The company continues to achieve its target gross margin, which gives us comfort regarding its future profitability as it scales up. GRN’s management team successfully expanded into the RNG BOO business with the signing of the definitive agreement with SWEN. Imminent expansion into North America’s BOO market represents the next major catalyst for the stock, which could potentially be announced with a project in hand as well. Our FY20E/FY21E estimates are unchanged. We maintain our $1.30 target price. BUY!

[techinvestor69]

Antwort auf Beitrag Nr.: 64.900.697 von KB22 am 27.08.20 13:13:43

Börsenwert von Greenlane ist einen Tick höher

siehe: https://web.tmxmoney.com/quote.php?locale=en&qm_symbol=grn

Ich rechne mit einem starken H2 und 25 Mio. CAD Jahresumsatz.

[KB22]

Meiner Meinung nach keine riesige Überraschung, aber dennoch sehr positiv.
Die Zahlen bewegen sich auf jeden Fall in die richtige RIchtung

Umsatz +45% auf 4,2 Millionen US-Dollar im Vergleich zu Q1
Auftragsbestand von 41,9 Millionen US-Dollar, ein Anstieg +159% gegenüber den 16,2 Millionen US-Dollar vom 31. Dezember 2019
Nettoverlust von 0,9 Millionen US-Dollar und ein bereinigter EBITDA-Verlust von 0,5 Millionen US-Dollar in Q2.

Man merkt auch bei XEBEC Q2 das immer mehr Geld in den RNG Markt fließt. Wenn man nun bedenkt das GRN aktuell eine Marktkapitalisierung von ca. 36mio CAD$ oder 27Mio€ (laut tradingview) hat und das mit dem Umsatz ins Verhältnis setzt, dann ist das hier sehr preiswert.

Meine persönliche Schätzung ist, der Umsatz von Greenlane im Jahr 2020 irgendwo zwischen 12-18 Mio liegen wird und dann ist das hier so gut wie geschenkt. Bei XEBEC liegt da (und das zurecht) viel mehr Geld. Nur das Verhältnis von Marktkapitalisierung und Umsatz von GRN wird sich früher oder später an das von XEBEC annähern müssen.

Also stark wachsender Markt (für alle Wettbewerber), steigende Zahlen und bisher noch (zumindest bei Greenlane) eine recht gerine Marktkapitalisierung. --> Schaut im Großen und Ganzen sehr gut aus

[investmentcase]

Wie sind die Zahlen einzuordnen ?

[Salbeitee]

Antwort auf Beitrag Nr.: 64.881.581 von techinvestor69 am 25.08.20 23:15:01

Danke für die Info.

[techinvestor69]

Greenlane Renewables Announces Second Quarter Financial Results

VANCOUVER, British Columbia -- (Business Wire) -- Greenlane Renewables Inc. (“Greenlane” or the “Company”) (TSXV: GRN), today announced its interim financial results for the second quarter ended June 30, 2020. For further information on these results, please see Greenlane’s Condensed Consolidated Interim Financial Statements and Management Discussion and Analysis. All amounts are in Canadian dollars and in accordance with IFRS.

Second Quarter Highlights Include:

Revenue of $4.2 million in the quarter ended June 30, 2020 representing a 45% increase from $2.9 million reported in the first quarter ended March 31, 2020 (note one).
Gross profit of $1.1 million, or 26% of revenue.
Sales order backlog (note two) of $41.9 million, a 159% increase from the $16.2 million reported on December 31, 2019. The increase reflects the successful conversion and movement of sales pipeline opportunities into sales contracts.
Sales pipeline (note three) valued at approximately $694 million as at June 30, 2020, versus $680 million as at December 31, 2019 and $450 million as at December 31, 2018. The sales pipeline reflects both the expansion of the project bid universe and the movement of successful contract wins into the sales order backlog.
Net loss of $0.9 million and Adjusted EBITDA loss of $0.5 million* in the three month period ended June 30, 2020.
Cash and cash equivalents of $5.3 million compared with $6.7 million as at March 31, 2020. The cash balance excludes the $1.3 million in gross proceeds from warrant exercises and the framework agreement with Pressure Technologies plc to reduce outstanding debt, both announced subsequent to quarter end.

“We successfully grew our revenue this quarter by 45% on a sequential basis while facing some tough marketplace conditions as a result of the COVID19 backdrop,” said Brad Douville, President and CEO of Greenlane. “We also achieved a third consecutive quarter of rapid growth of our sales order backlog adding $21 million from the recent and significant contract wins for dairy farm projects in California. Our focus remains on a strong second half of 2020. This trend continues so far in the third quarter highlighted by a recent contract win in Brazil, and the launch of our joint venture with SWEN Impact Fund for Transition to accelerate deployment of Greenlane’s biogas upgrading systems and solutions in Europe.”

As a reminder, the Company’s revenues are largely derived from a relatively small number of large biogas upgrader orders accounted for on a stage of completion basis over typically a nine to eighteen-month period. Timing of new contract awards varies due to customer-related factors such as finalizing technical specifications and securing project funding, permits and RNG off-take and feedstock agreements. Some projects have built-in pause periods to allow customers to complete concurrent activities such as civil work. As a result, the Company’s revenue varies from month to month and quarter-to-quarter.

The Market Outlook

The energy transition continues to gain momentum and support as global economies chart a recovery from the COVID-19 pandemic that incorporates varying levels of green initiatives, including from unlikely participants. BP, one of the largest integrated global oil and gas companies, announced this year it intends to be a net zero carbon company by 2050 or sooner by drastically cutting the carbon intensity of the products it sells and increasing the proportion of its investment into non-oil and gas businesses as it reinvents itself. S&P Global Platts Analytics, a global data analytics and research firm, recently highlighted RNG as an emerging tool for the decarbonization of energy production and subsequent consumption in both the transportation and natural gas utility sectors.

RNG continues to gain traction with natural gas utilities in their quest to remain competitive with the electricity grid relative to driving renewable content and decarbonized energy offerings. Several large utilities in the United States have recently made RNG-specific announcements: Xcel Energy has announced an initiative to explore RNG options for up to 1.8 million natural gas customers, Chesapeake Utilities is set to inject RNG directly into its East Coast gas distribution pipeline system, and Duke Energy will be injecting RNG produced from dairy farms in the southeastern United States into its national gas distribution pipeline system.

Greenlane, with visibility to more than 100 new projects, remains well positioned to capture a growing share of the RNG value chain as a leading industry provider of biogas upgrading and project development solutions.

NON-IFRS FINANCIAL MEASURES

Management evaluates the Company’s performance using a variety of measures, including “operating profit” and “Adjusted EBITDA”. The non-IFRS measures should not be considered as an alternative to or more meaningful than revenue or net loss. These measures do not have a standardized meaning prescribed by IFRS and therefore they may not be comparable to similarly titled measures presented by other publicly traded companies and should not be construed as an alternative to other financial measures determined in accordance with IFRS. The Company believes these non-GAAP financial measures provide useful information to both management and investors in measuring the financial performance and financial condition of the Company. Management uses these and other non-IFRS financial measures to exclude the impact of certain expenses and income that must be recognized under IFRS when analyzing consolidated underlying operating performance, as the excluded items are not necessarily reflective of the Company’s underlying operating performance and make comparisons of underlying financial performance between periods difficult. From time to time, the Company may exclude additional items if it believes doing so would result in a more effective analysis of underlying operating performance. The exclusion of certain items does not imply that they are non-recurring.

*Reconciliation of net loss to Adjusted EBITDA loss




Three months ended

June 30, 2020

$’000s

Net loss


(940)

Add back:




Share based compensation


36

Depreciation and amortization


379

Finance expense


128

Foreign exchange gain


(113)

Adjusted EBITDA loss


(510)

Note one - Comparison to revenue in the same period of last year is not made because of a partial quarter, with the Company completing its qualifying transaction on June 3, 2019.

Note two - Order backlog refers to the balance of unrecognized revenue from contracted projects, where such revenue is recognized over time as completion of projects progress.

Note three - Greenlane maintains a sales pipeline of prospective projects that it updates regularly based on quote activity to ensure that it is reflective of sales opportunities that can convert into orders within approximately a rolling 24 month time horizon. Not all of these potential projects will proceed or proceed within the expected timeframe and not all of the projects that do proceed will be awarded to Greenlane. Additions to the amount in the sales pipeline come from situations where the Company provides a quote on a prospective project and reductions to the sales pipeline arise when the Company loses a prospective project to a competitor, a project does not proceed or, where a quote in the pipeline is converted to Greenlane’s sales order backlog.

All filings related to the second quarter ended June 30, 2020 are available on SEDAR at www.sedar.com.

[Bernati]

Ging soweit schonmal gut auf, ich denke Greenlane hat noch viel mehr Potential als Xebec...

Info vom 22. 7. 2020
https://www.greenlanerenewables.com/investors/news/2020/gree…
In Kürze: SWEN (Impact Fund for Transition, Frankreich) wird Greenlane helfen, in Europa Projekte zu realisieren. u.A. durch Vorfinanzierung für deren Kunden.

[Bernati]

habe heute hier aufgstockt und dafür xebec abgebaut - gutes WE!

[manmaku]

Antwort auf Beitrag Nr.: 64.716.874 von techinvestor69 am 11.08.20 10:53:43

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