GREYSTONE LOGISTICS, INC. (GLGI) Form 10-Q — Oct 15, 2026

Greystone Logistics reported Q1 FY2027 sales of $5.3 million, down 50% year-over-year, with a net loss of $2.56 million ($-0.09/share) versus a $1.10 million loss a year ago, after losing a major customer that represented roughly $30 million, or 55%, of annual sales. The company disclosed substantial doubt about its ability to continue as a going concern: cash fell to $360,533, working capital deficit reached $8.8 million, and all $12.0 million of debt was reclassified as current due to covenant violations and expected noncompliance when IBC covenant testing resumes after November 30, 2026.

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