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Greystone Logistics
(OTC:GLGI)
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Rating:45Neutral
Price Target:
$0.20
▼(-13.04% Downside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by the 2026 financial deterioration (losses, negative cash flow, and higher leverage). The earnings call adds some offset through concrete revenue initiatives and a cooperative lender stance, but covenant and liquidity risks remain central. Technicals are mixed (neutral momentum but below the 200-day average), and valuation is difficult to support given negative earnings and no dividend yield.
Positive Factors
Recycling revenue expansion
Contract recycling and pelletizing add a service-oriented revenue stream alongside pallet sales, supporting greater business diversification. The existing four-unit footprint and identified material pipeline provide a tangible base for utilization growth and could improve revenue resilience over the next several quarters.
Negative Factors
Loss of major customer
The departure of an 11-year, high-volume customer represents a structural reduction in the company’s established revenue base rather than a temporary order fluctuation. Replacing that volume will require successful execution across newer recycling, pooling, and customer-development initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Recycling revenue expansion
Contract recycling and pelletizing add a service-oriented revenue stream alongside pallet sales, supporting greater business diversification. The existing four-unit footprint and identified material pipeline provide a tangible base for utilization growth and could improve revenue resilience over the next several quarters.
Read all positive factors
Greystone Logistics (GLGI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.60M
Dividend YieldN/A
Average Volume (3M)9.49K
Price to Earnings (P/E)―
Beta (1Y)-0.48
Revenue Growth-52.42%
EPS Growth-533.91%
CountryUS
Employees82
SectorBasic Materials
Sector Strength58
IndustryManufacturing - Miscellaneous
Share Statistics
EPS (TTM)-0.30
Shares Outstanding27,270,700
10 Day Avg. Volume7,675
30 Day Avg. Volume9,487
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.47
Price to Sales (P/S)0.20
P/FCF Ratio-1.58
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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, d...
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 comp...
Greystone Logistics Earnings Call Summary
Earnings Call Date:Apr 15, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jan 26, 2027
Earnings Call Sentiment Neutral
The call describes a company facing a material near-term disruption after losing a long-term, high-volume customer (≈$30M/year), which precipitated layoffs, covenant breaches and pressured cash flow. Offsetting this, management presented multiple actionable recovery paths: expanding contract recycling/pelletizing (≈$150k/month), larger customers/pilot programs (Walmart track-and-trace, 80 truckloads in 90 days), new leasing/pooling opportunities (including a 90,000-pallet opportunity), available manufacturing capacity and 38,000 tracking devices already acquired. The bank appears cooperative (interest-only for a year) and management has a planned property sale ($1.675M) to shore up liquidity. Positives and negatives are both significant and the tone is cautiously optimistic but realistic about near-term risk.Positive Updates
New and Growing Revenue Streams from Recycling/Granulation
Generating approximately $150,000 per month from grinding, granulating and pelletizing contracts; currently operating 4 pelletizing units and engaged on a project to process ~13 million pounds of ABS trays plus 6–7 million pounds of high molecular weight material. Management sees capacity and interest to expand this contract recycling business.
Negative Updates
Loss of Major Customer (iGPS) Causing Large Revenue Shortfall
Largest customer of 11 years (iGPS) ceased purchasing in November, removing roughly $30 million of annual revenue historically (iGPS had purchased as many as 750,000 pallets/year from the company, at times ~1.2 million). This loss was described as sudden and the primary driver of the quarter's revenue decline.
Read all updates
Q3-2026 Updates
Positive
Negative
New and Growing Revenue Streams from Recycling/Granulation
Generating approximately $150,000 per month from grinding, granulating and pelletizing contracts; currently operating 4 pelletizing units and engaged on a project to process ~13 million pounds of ABS trays plus 6–7 million pounds of high molecular weight material. Management sees capacity and interest to expand this contract recycling business.
Read all positive updates
Company Guidance
Management guided that the company has moved to interest-only payments with its bank for one year while it resolves covenant issues (expected to be settled within ~30 days) and renews its working-capital line; it has contracted to sell a property for $1.675 million to bolster cash, and reports roughly $9.5 million of total debt (auditors classified debt as current due to covenant breaches, though the bank expects multi‑year amortization). Revenue-generating actions include about $150,000/month from grinding/granulating/pelletizing work, a backlog/project pipeline that includes ~13 million pounds of ABS plus another 6–7 million pounds of high‑molecular‑weight material to process, four pelletizing units in operation, and a potential 90,000‑pallet management opportunity; historically the company did roughly $50 million of revenue with Walmart over 5–6 years and received ~80 truckloads from Walmart in the last 90 days as part of a track‑and‑trace pilot. Operational capacity for tracking includes ~38,000 cellular devices (7‑year life), the firm has ~3,300‑ton machines and new equipment in Missouri, and corporate actions noted include prior repurchases of ~$1 million of common stock and payoff of $5 million of preferred (saving ~ $350,000/year in interest); the company says headcount was reduced by 140 (with some rehired) and expects cash flow to approach a steady breakeven as these initiatives take hold.Greystone Logistics Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
43
Neutral
Cash Flow
28
Negative
| Breakdown | May 2026 | Aug 2025 | Aug 2024 | May 2023 | May 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 27.54M | 57.87M | 61.78M | 60.76M | 74.17M |
| Gross Profit | -1.72M | 9.48M | 11.72M | 9.33M | 7.77M |
| EBITDA | -1.71M | 10.25M | 13.08M | 15.23M | 11.28M |
| Net Income | -8.24M | 2.35M | 5.03M | 6.34M | 4.27M |
Balance Sheet | |||||
| Total Assets | 37.36M | 45.97M | 52.26M | 49.53M | 45.75M |
| Cash, Cash Equivalents and Short-Term Investments | 511.92K | 1.55M | 5.80M | 695.95K | 3.14M |
| Total Debt | 18.53M | 16.26M | 18.92M | 22.59M | 15.69M |
| Total Liabilities | 25.84M | 26.10M | 28.28M | 29.99M | 30.66M |
| Stockholders Equity | 11.52M | 19.88M | 23.98M | 19.54M | 13.70M |
Cash Flow | |||||
| Free Cash Flow | -3.46M | 4.53M | 9.59M | -5.31M | 506.84K |
| Operating Cash Flow | -1.48M | 10.29M | 12.39M | 3.87M | 6.64M |
| Investing Cash Flow | -1.97M | -5.70M | -2.80M | -9.13M | -6.08M |
| Financing Cash Flow | 2.42M | -8.84M | -4.49M | 2.81M | -1.80M |
Greystone Logistics Technical Analysis
Negative
0.23
Price Trends
0.23
Negative
0.21
Negative
0.31
Negative
Market Momentum
<0.01
Positive
37.87
Neutral
62.64
Neutral
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 0.23 is below the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.23, and below the 200-day MA of 0.31, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 37.87 is Neutral, neither overbought nor oversold. The STOCH value of 62.64 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 23 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 0 New Risks
Greystone Logistics Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | $210.16M | 27.59 | 4.64% | 1.38% | -7.88% | -20.75% | |
52 Neutral | $72.16M | -23.06 | -8.12% | 2.35% | -4.66% | -201.32% | |
50 Neutral | $77.11M | -63.14 | -1.60% | 0.49% | 7.70% | -139.19% | |
45 Neutral | $5.60M | -0.70 | -54.41% | ― | -52.42% | -533.91% | |
45 Neutral | $6.62M | -0.12 | -36.69% | ― | 228.99% | 43.94% | |
41 Neutral | $22.87M | -1.87 | 142.32% | ― | -96.04% | 9.12% |
* Basic Materials Sector Average
GLGI
Greystone Logistics
0.21
-1.04
-83.47%
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23.75
2.00
9.20%
FSI
Flexible Solutions International
5.65
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-47.69%
GURE
Gulf Resources
3.65
-3.35
-47.86%
NTIC
Northern Technologies International
8.12
0.39
5.03%
LOOP
Loop Industries
0.47
-1.43
-75.16%
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.