Financial Snapshot

Revenue
$87.35M
TTM
Gross Margin
26.59%
TTM
Net Earnings
-$12.37M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
167.82%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$61.30M
Q3 2024
Cash
Q3 2024
P/E
-2.319
Nov 29, 2024 EST
Free Cash Flow
$9.431M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $90.33M $90.83M $98.84M $66.86M $52.40M $0.00
YoY Change -0.55% -8.1% 47.83% 27.6%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $90.33M $90.83M $98.84M $66.86M $52.40M $0.00
Cost Of Revenue $65.76M $71.00M $79.25M $54.05M $40.02M
Gross Profit $24.58M $19.83M $19.59M $12.81M $12.38M
Gross Profit Margin 27.21% 21.84% 19.82% 19.16% 23.63%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $7.522M $8.089M $4.837M $3.060M $2.880M
YoY Change -7.01% 67.24% 58.07% 6.25%
% of Gross Profit 30.61% 40.78% 24.69% 23.89% 23.26%
Research & Development $5.424M $5.787M $5.527M $2.380M $2.360M
YoY Change -6.26% 4.71% 132.21% 0.85%
% of Gross Profit 22.07% 29.18% 28.21% 18.58% 19.06%
Depreciation & Amortization $2.191M $2.436M $2.512M $2.440M $2.300M
YoY Change -10.07% -3.02% 2.95% 6.09%
% of Gross Profit 8.91% 12.28% 12.82% 19.05% 18.58%
Operating Expenses $13.80M $13.88M $11.34M $6.110M $5.780M $370.0K
YoY Change -0.57% 22.33% 85.66% 5.71% 1462.16%
Operating Profit $10.78M $5.959M $8.250M $6.700M $6.600M
YoY Change 80.9% -27.78% 23.14% 1.52%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense -$2.598M $403.0K -$519.0K $1.010M -$1.140M $310.0K
YoY Change -744.71% -177.65% -151.38% -188.6% -467.74%
% of Operating Profit -24.1% 6.76% -6.29% 15.07% -17.27%
Other Income/Expense, Net -$31.16M $1.706M $1.379M $1.000M $720.0K $0.00
YoY Change -1926.99% 23.71% 37.86% 38.89%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income -$23.31M $7.316M $9.111M $8.640M $5.930M -$70.00K
YoY Change -418.59% -19.7% 5.46% 45.7% -8571.43%
Income Tax $1.708M $699.7K $1.843M $2.270M $850.0K
% Of Pretax Income 9.56% 20.23% 26.27% 14.33%
Net Earnings -$15.88M $3.560M $6.266M $6.760M $4.460M -$70.00K
YoY Change -546.1% -43.19% -7.31% 51.57% -6471.43%
Net Earnings / Revenue -17.58% 3.92% 6.34% 10.11% 8.51%
Basic Earnings Per Share $0.30 $0.58
Diluted Earnings Per Share -$1.20 $0.27 $578.0K $673.3K $562.4K -$49.30K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $24.10M $13.17M $7.200M $2.100M $600.0K
YoY Change 82.98% 82.9% 242.86% 250.0%
Cash & Equivalents $16.30M $11.06M $7.200M $2.100M
Short-Term Investments $7.801M $2.106M
Other Short-Term Assets $5.415M $7.188M $3.300M $4.000M $100.0K
YoY Change -24.67% 117.81% -17.5% 3900.0%
Inventory $23.10M $25.80M $15.40M $10.00M
Prepaid Expenses
Receivables $14.34M $15.92M $12.40M $12.00M
Other Receivables $65.42M $77.23M $69.30M $52.20M
Total Short-Term Assets $132.4M $139.3M $107.6M $80.20M $700.0K
YoY Change -4.98% 29.47% 34.16% 11357.14%
Property, Plant & Equipment $18.21M $19.04M $20.10M $20.60M
YoY Change -4.34% -5.28% -2.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $250.0K $44.30M
YoY Change
Other Assets $4.141M $4.221M $4.200M $5.200M
YoY Change -1.88% 0.5% -19.23%
Total Long-Term Assets $22.75M $23.26M $24.40M $26.30M $44.30M
YoY Change -2.2% -4.66% -7.22% -40.63%
Total Assets $155.1M $162.6M $132.0M $106.5M $45.00M
YoY Change
Accounts Payable $24.82M $29.06M $22.00M $14.70M $0.00
YoY Change -14.61% 32.11% 49.66%
Accrued Expenses $1.931M $980.0K $500.0K $500.0K
YoY Change 97.06% 96.0% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $37.26M $51.07M $44.90M $34.10M $0.00
YoY Change -27.05% 13.75% 31.67%
Long-Term Debt Due $0.00 $197.9K $800.0K $2.700M
YoY Change -100.0% -75.26% -70.37%
Total Short-Term Liabilities $66.21M $85.46M $78.80M $56.00M $0.00
YoY Change -22.53% 8.46% 40.71%
Long-Term Debt $0.00 $0.00 $200.0K $1.300M $0.00
YoY Change -100.0% -84.62%
Other Long-Term Liabilities $3.989M $2.261M $2.300M $2.200M $1.000M
YoY Change 76.46% -1.72% 4.55% 120.0%
Total Long-Term Liabilities $3.989M $2.261M $2.500M $3.500M $1.000M
YoY Change 76.46% -9.58% -28.57% 250.0%
Total Liabilities $83.92M $100.3M $87.10M $67.90M $1.000M
YoY Change -16.32% 15.14% 28.28% 6690.0%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 11.89M shares 10.84M shares
Diluted Shares Outstanding 11.89M shares 10.84M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $28.684 Million

About Greenland Technologies Holding Corp.

Greenland Technologies Holding Corp. engages in the manufacture of drivetrain systems for material handling machineries and electric vehicles, as well as electric industrial vehicles. The company is headquartered in East Windsor, New Jersey and currently employs 325 full-time employees. The company went IPO on 2018-07-27. Through its subsidiaries, the Company offers transmission products, which are key components for forklift trucks used in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfilment centers, shipyards, and seaports. The company provides transmission systems and integrated powertrains for material handling machineries, particularly for electric forklift trucks. The range of the transmission systems covers machineries from one ton to 15 tons. The company designs and develops powertrains, which integrates electric motor, speed reduction gearbox, and driving axles into a combined integral module. Through its subsidiary, HEVI Corp. (HEVI), the Company offers all-electric clean and sustainable alternatives to heavy-emission systems in the industrial heavy equipment industry.

Industry: General Industrial Machinery & Equipment Peers: CHICAGO RIVET & MACHINE CO Fast Radius, Inc. ILLINOIS TOOL WORKS INC TECHPRECISION CORP ORIGINCLEAR, INC. TAYLOR DEVICES, INC.