Greystone Logistics is a “Green” manufacturing company that reprocesses recycled plastic and designs, manufactures and sells high quality 100% recycled plastic pallets that provide logistical solutions for a wide range of industries such as the food and beverage, automotive, chemical, pharmaceutical and consumer products. The Company’s technology, including a proprietary blend of recycled plastic resins used in the injection molding equipment and patented pallet designs, allows production of high-quality pallets more rapidly and at lower costs than many other processes. The recycled plastic for Greystone’s pallets helps control material costs while reducing environmental waste and provides cost advantages over users of virgin resin.
Company profile
Ticker
GLGI
Exchange
Website
CEO
Warren F. Kruger
Employees
Location
Fiscal year end
Industry (SIC)
Lam Research • Milacron • Azenta • Cricut • Axcelis • Intevac • Manitex International • Desktop Metal • Amtech Systems • Energy Recovery ...
Former names
PALWEB CORP
SEC CIK
Corporate docs
IRS number
752954680
GLGI stock data
Latest filings (excl ownership)
10-Q
2023 Q2
Quarterly report
17 Jan 23
10-Q
2023 Q1
Quarterly report
13 Oct 22
10-K/A
2022 FY
Annual report (amended)
23 Aug 22
8-K
Other Events
22 Aug 22
10-K
2022 FY
Annual report
19 Aug 22
8-K
Entry into a Material Definitive Agreement
4 Aug 22
8-K
Results of Operations and Financial Condition
3 May 22
10-Q
2022 Q3
Quarterly report
14 Apr 22
8-K
Results of Operations and Financial Condition
24 Jan 22
10-Q
2022 Q2
Quarterly report
14 Jan 22
Latest ownership filings
SC 13G/A
Topline Capital Partners, LP
13 Feb 23
4
WARREN F KRUGER
2 Feb 23
4
WARREN F KRUGER
18 Oct 21
4
Larry J. LeBarre
15 Oct 20
4
WARREN F KRUGER
15 Oct 20
4
WARREN F KRUGER
8 Sep 20
4
Larry J. LeBarre
30 Jul 20
4/A
WARREN F KRUGER
4 Feb 20
4
WARREN F KRUGER
23 Jan 20
SC 13G/A
Greystone Logistics, Inc.
4 Nov 19
Financial summary
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| Diluted EPS |
| Annual (USD) | May 22 | May 21 | May 20 | May 19 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.02 mm | 1.02 mm | 1.02 mm | 1.02 mm | 1.02 mm | 1.02 mm |
| Cash burn (monthly) | 638.55 k | 1.08 mm | 90.42 k | (no burn) | 1.90 k | 762.62 k |
| Cash used (since last report) | 2.46 mm | 4.17 mm | 348.81 k | n/a | 7.33 k | 2.94 mm |
| Cash remaining | -1.44 mm | -3.15 mm | 670.44 k | n/a | 1.01 mm | -1.92 mm |
| Runway (months of cash) | -2.3 | -2.9 | 7.4 | n/a | 532.3 | -2.5 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Feb 23 | Kruger Warren F | COMMON STOCK | Buy | Acquire P | No | No | 0.46 | 5,000 | 2.30 k | 8,592,855 |
| 14 Oct 21 | Kruger Warren F | COMMON STOCK | Buy | Acquire P | No | No | 1.12 | 450 | 504.00 | 8,588,305 |