Greystone Logistics (GLGI) AI Stock Analysis

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Greystone Logistics

(Other OTC:GLGI)

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Rating:22Underperform

Price Target:$0.12▼(-13.97% Downside)

Action:reiterated

Date:11/13/26

GLGI scores near the bottom of the range, driven primarily by a financial profile that has shifted from modestly profitable to distressed: revenue has more than halved, gross margins are negative, and the company is burning cash while equity has fallen below $9M against roughly $10M of debt. Technicals reinforce the concern, with the price below all major moving averages and negative MACD momentum. Valuation provides no offset given negative earnings and no dividend. The earnings call offered a genuinely interesting pipeline — international manufacturing partners, pooling programs and the Quikrete opportunity — but management conceded sales have not meaningfully recovered, cash flow is tenuous, and suppliers are being paid late. Any re-rating depends on converting pipeline opportunities into volume quickly enough to restore positive gross margins before the balance sheet cushion is exhausted.

Positive Factors

Recurring pallet-service modelThe combination of pallet sales and recurring management fees gives Greystone more than a one-time product revenue stream. Lease, rental, recovery, and redeployment services can deepen customer integration and provide a durable foundation for revenue once utilization and customer activity stabilize.

Negative Factors

Sharp profitability and revenue deteriorationThe recent shift from prior-period profitability to negative gross profit and deeply negative margins indicates that the core operation is currently destroying earnings rather than compounding them. Material revenue contraction further reduces operating leverage and makes a durable recovery dependent on renewed demand and execution.

Greystone Logistics (GLGI) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $3.57M
Dividend Yield: ―
Average Volume (3M): 28.66K
Price to Earnings (P/E): -0.4
Beta (1Y): -0.30
Revenue Growth: -59.88%
EPS Growth: -1666.08%
Country: US
Employees: 95
Sector: Basic Materials
Sector Strength: 61
Industry: Manufacturing - Miscellaneous

Greystone Logistics Business Overview & Revenue Model

Company Description

Greystone Logistics, Inc., through its subsidiaries, manufactures and markets plastic pallets and pelletized recycled plastic resins in the United States. It offers rackable, can, nestable, display, monoblock, half-barrel and slim keg stackable, drum...

How the Company Makes Money

GLGI generates revenue primarily through (1) the sale of reusable plastic pallets to customers and (2) service-based pallet programs where pallets are provided under lease/rental or managed pooling-type arrangements. Under these programs, the company...

Greystone Logistics Earnings Call Summary

Earnings Call Date:Oct 15, 2026(Q1-2027)|% Change Since:-45.60%|Next Earnings Date:Nov 05, 2019

Earnings Call SentimentNeutral

The call conveyed cautious optimism about new international, Quikrete, leasing, and pooling opportunities, a recent $500,000 order, and continued orders from longstanding customers. However, these developments remain largely pipeline or business-development opportunities, while the company reported a $2.5 million quarterly loss, an approximately $750,000 gross loss, tenuous cash flow, a cash deficit, supplier-payment stretching, and hundreds of layoffs. The positive outlook and sales pipeline were meaningfully offset by current financial and operating challenges.

Positive Updates

New International Manufacturing Opportunities

Greystone signed nondisclosure agreements with 3 international groups to manufacture pallets in the United States. One group purchased tooling, which arrived from Taiwan last week, and Greystone has produced sample parts that the customer is described as being very pleased with. The opportunity is about 45 days behind schedule but remains on track.

Negative Updates

Sales Have Not Picked Up Dramatically

Although management described continual progress on the sales front, it explicitly said sales have not picked up dramatically. Management also emphasized that the pipeline still needs to be converted into signed business.

Company Guidance

Management said sales have not picked up dramatically but described the outlook as “very cautiously optimistic,” with 3 international groups under nondisclosure, 1 of 3 having purchased tooling and received sample parts, and that opportunity about 45 days behind; for 2027 calendar year, the company has “a bunch in the pipeline that we’ve penciled in,” including a $500,000 order received last month that will be completed through this month, while “in the next 90 days, some really, really, really positive things are going to happen.” Management also cited 3 “nice, nice opportunities” for pooling programs, said cash flow is tenuous and that capital expenditures are limited to operating equipment needed for maintenance, and noted depreciation is going to run $460,000 a month, with debt interest-only through year-end and payments not renewing until after the first of the year.

Greystone Logistics Financial Statement Overview

Summary

Severely distressed. Revenue more than halved from roughly $57.9M in fiscal 2025 to about $22.1M on a trailing-twelve-month basis, and gross margin flipped from +16.4% to roughly -6%, meaning product is being sold below production cost. The company swung to an $8.4M operating loss and a $9.7M net loss (net margin near -30%), while operating cash flow turned negative at -$3.3M and free cash flow at -$5.1M. Management has cut total debt from about $18.5M to $10.1M and scaled back capital spending, improving debt-to-equity to roughly 1.13, but equity has eroded to under $9M and continued losses at this pace would consume the remaining cushion within a year or two. Return on equity near -65% underscores the risk of needing lender forbearance or fresh capital.

Income Statement

8Very Negative

Balance Sheet

27Negative

Cash Flow

12Very Negative

Financial statement breakdown
Breakdown	TTM	May 2026	Aug 2025	Aug 2024	May 2023	May 2022
Income Statement
Total Revenue	22.12M	27.54M	57.87M	61.78M	60.76M	74.17M
Gross Profit	-2.92M	-1.72M	9.48M	11.72M	9.33M	7.77M
EBITDA	-2.54M	-1.71M	10.25M	13.08M	15.23M	11.28M
Net Income	-9.70M	-8.24M	2.35M	5.03M	6.34M	4.27M
Balance Sheet
Total Assets	35.81M	37.36M	45.97M	52.26M	49.53M	45.75M
Cash, Cash Equivalents and Short-Term Investments	360.53K	511.92K	1.55M	5.80M	695.95K	3.14M
Total Debt	10.12M	18.53M	16.26M	18.92M	22.59M	15.69M
Total Liabilities	26.85M	25.84M	26.10M	28.28M	29.99M	30.66M
Stockholders Equity	8.96M	11.52M	19.88M	23.98M	19.54M	13.70M
Cash Flow
Free Cash Flow	-5.06M	-3.46M	4.53M	9.59M	-5.31M	506.84K
Operating Cash Flow	-3.31M	-1.48M	10.29M	12.39M	3.87M	6.64M
Investing Cash Flow	-1.75M	-1.97M	-5.70M	-2.80M	-9.13M	-6.08M
Financing Cash Flow	3.08M	2.42M	-8.84M	-4.49M	2.81M	-1.80M

Greystone Logistics Technical Analysis

Technical Analysis SentimentNegative

Last Price0.14

Price Trends

50DMA0.22Negative

100DMA0.22Negative

200DMA0.24Negative

Market Momentum

MACD-0.02Positive

RSI32.86Neutral

STOCH21.37Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLGI, the sentiment is Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.22, and below the 200-day MA of 0.24, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 32.86 is Neutral, neither overbought nor oversold. The STOCH value of 21.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GLGI.

Greystone Logistics Risk Analysis

Greystone Logistics disclosed 25 risk factors in its most recent earnings report. Greystone Logistics reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

2 New Risks

1.There is substantial doubt about our ability to continue as a going concern. If we do not continue as a going concern, investors will lose their entire investment.Q2, 2026

2.We remain subject to risks associated with our indebtedness despite receiving lender accommodations.Q2, 2026

Greystone Logistics Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

GLGI against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CMT	55Neutral	$187.87M	27.70	4.37%	―	9.41%	-13.25%
FSI	55Neutral	$82.91M	-25.69	-8.12%	―	-4.66%	-201.32%
NTIC	50Neutral	$70.75M	-60.42	-1.60%	0.52%	7.70%	-139.19%
GURE	47Neutral	$5.17M	-0.09	-37.35%	―	120.75%	-17.98%
LOOP	42Neutral	$11.60M	-0.89	158.94%	―	-94.98%	-1.55%
GLGI	22Underperform	$4.06M	-0.40	-76.26%	―	-59.88%	-1666.08%

* Basic Materials Sector Average

Performance Comparison

GLGI and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
GLGI	Greystone Logistics	0.14	-0.49	-78.41%
CMT	Core Molding	22.17	4.61	26.25%
FSI	Flexible Solutions International	6.23	-0.83	-11.76%
GURE	Gulf Resources	2.80	-0.76	-21.35%
NTIC	Northern Technologies International	7.62	-0.32	-4.04%
LOOP	Loop Industries	0.22	-0.92	-80.70%

Greystone Logistics Corporate Events

Executive/Board Changes

Greystone Logistics Director Larry LeBarre Retires from Board

Neutral

Nov 2, 2026

Effective October 30, 2026, Larry J. LeBarre retired from Greystone Logistics’ Board of Directors after serving as a director since May 5, 2012. The company said the retirement did not result from any disagreement over its operations, policies or pra...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 13, 2026

Greystone Logistics AI Stock Analysis