Greenwave Technology Solutions Key Executives
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Greenwave Technology Solutions Earnings
This section highlights Greenwave Technology Solutions's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
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| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
Greenwave Technology Solutions, Inc., through its subsidiary, Empire Services, Inc., operates metal recycling facilities in Virginia and North Carolina. The company, through its 11 metal recycling facilities, collects, classifies, and processes raw scrap ferrous and nonferrous metals for recycling iron, steel, aluminum, copper, lead, stainless steel, and zinc. It is involved in the purchasing and selling processed and unprocessed scrap metals to steel mills and other purchasers. The company was formerly known as MassRoots, Inc and changed its name to Greenwave Technology Solutions, Inc. in October 2021. The company was founded in 2002 and is headquartered in Suffolk, Virginia.
$0.24
Stock Price
$14.78M
Market Cap
131
Employees
Suffolk, VA
Location
Financial Statements
Access annual & quarterly financial statements for Greenwave Technology Solutions, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $35.67M | $33.98M | $8.10M | $6.96K | $23.70K |
| Cost of Revenue | $21.18M | $21.54M | $5.24M | $1.28K | $3.53K |
| Gross Profit | $14.48M | $12.44M | $2.86M | $5.68K | $20.17K |
| Gross Profit Ratio | 40.60% | 36.61% | 35.30% | 81.58% | 85.11% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $14.65M | $13.30M | $4.35M | $1.11M | $2.84M |
| Selling and Marketing Expenses | $414.19K | $83.99K | $33.59K | $58.96K | $29.76K |
| Selling General and Administrative Expenses | $15.07M | $13.38M | $4.38M | $1.17M | $2.87M |
| Other Expenses | $18.93M | $9.94M | $1.40M | $162.11M | $38.55K |
| Operating Expenses | $31.10M | $23.32M | $5.79M | $1.17M | $2.91M |
| Cost and Expenses | $55.18M | $44.86M | $11.03M | $1.17M | $2.91M |
| Interest Income | $- | $34.08M | $10.56M | $5.14M | $4.94M |
| Interest Expense | $8.90M | $34.08M | $10.56M | $5.14M | $4.94M |
| Depreciation and Amortization | $7.46M | $6.45M | $1.28M | $6.73K | $45.28K |
| EBITDA | $-10.58M | $5.49M | $10.21M | $-9.57M | $-29.29M |
| EBITDA Ratio | -29.67% | -11.43% | 2229.15% | 2311100.00% | -38106.83% |
| Operating Income | $-19.51M | $-10.88M | $179.23M | $-1.16M | $-2.89M |
| Operating Income Ratio | -54.71% | -32.03% | 2213.29% | -16660.12% | -12186.73% |
| Total Other Income Expenses Net | $-7.42M | $-24.16M | $1.30M | $-13.55M | $-31.38M |
| Income Before Tax | $-26.94M | $-35.04M | $-1.63M | $-14.71M | $-34.27M |
| Income Before Tax Ratio | -75.52% | -103.13% | -20.16% | -211235.78% | -144576.26% |
| Income Tax Expense | $- | $28.82M | $192.72M | $5.14M | $-1.25M |
| Net Income | $-26.94M | $-63.86M | $-194.35M | $-19.85M | $-33.02M |
| Net Income Ratio | -75.52% | -187.94% | -2400.02% | -285034.19% | -139287.26% |
| EPS | $-385.81 | $-1456.51 | $-3780.63 | $-640.03 | $-2575.70 |
| EPS Diluted | $-385.81 | $-1456.35 | $-3555.64 | $-640.03 | $-2575.70 |
| Weighted Average Shares Outstanding | 87.08K | 43.84K | 51.41K | 31.01K | 12.82K |
| Weighted Average Shares Outstanding Diluted | 87.08K | 43.85K | 54.66K | 31.01K | 12.82K |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.51M | $7.88M | $8.50M | $9.03M | $8.18M | $9.42M | $9.04M | $6.01M | $7.35M | $10.70M | $9.92M | $8.10M | $54 | $79 | $1.53K | $4.65K | $2.32K | $- | $- | $45 |
| Cost of Revenue | $6.75M | $5.60M | $6.88M | $7.13M | $5.25M | $6.12M | $4.32M | $4.38M | $4.86M | $6.64M | $5.66M | $5.24M | $150 | $79.38K | $297 | $1.13K | $150 | $93.16K | $82.74K | $661.85K |
| Gross Profit | $1.76M | $2.28M | $1.63M | $1.89M | $2.93M | $3.30M | $4.73M | $1.63M | $2.48M | $4.07M | $4.26M | $2.86M | $-96 | $-79.30K | $1.23K | $3.52K | $2.17K | $-93.16K | $-82.74K | $-661.80K |
| Gross Profit Ratio | 20.69% | 29.00% | 19.10% | 21.00% | 35.80% | 35.00% | 52.30% | 27.10% | 33.80% | 38.00% | 43.00% | 35.30% | -177.80% | -100377.20% | 80.60% | 75.62% | 93.52% | 0.00% | 0.00% | -1470666.67% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $4.27M | $909.72K | $3.83M | $3.22M | $3.83M | $3.46M | $4.14M | $3.83M | $3.69M | $3.01M | $2.77M | $3.17M | $399.89K | $495.21K | $284.43K | $453.74K | $165.07K | $276.79K | $211.33K | $594.59K |
| Selling and Marketing Expenses | $1.02K | $6.91M | $2.37K | $3.34K | $395.00K | $10.33K | $5.52K | $14.03K | $9.66K | $44.07K | $16.23K | $15.47K | $-4.58K | $4.15K | $18.55K | $15.94K | $43.02K | $- | $- | $-9.57K |
| Selling General and Administrative Expenses | $4.27M | $7.82M | $4.44M | $3.70M | $4.23M | $3.47M | $4.14M | $3.84M | $3.70M | $3.05M | $2.79M | $3.19M | $395.31K | $499.37K | $302.98K | $469.69K | $208.09K | $276.79K | $211.33K | $585.02K |
| Other Expenses | $1.93M | $3.43M | $-3.08M | $6.74M | $-62.38K | $- | $2.52M | $4.21M | $2.08M | $393.25K | $1.67M | $2.89M | $4.33M | $192.52K | $3.92M | $162.11M | $63.88K | $-1.23K | $2.11K | $70.57K |
| Operating Expenses | $6.20M | $5.65M | $4.44M | $3.70M | $6.39M | $5.39M | $6.66M | $8.05M | $5.78M | $5.03M | $4.46M | $4.59M | $395.31K | $499.37K | $302.98K | $469.69K | $208.09K | $276.79K | $211.33K | $224.52K |
| Cost and Expenses | $12.94M | $16.84M | $11.32M | $10.83M | $11.65M | $11.51M | $10.98M | $12.43M | $10.64M | $11.67M | $10.12M | $9.83M | $395.31K | $499.37K | $303.27K | $470.82K | $208.24K | $276.79K | $211.33K | $224.52K |
| Interest Income | $- | $- | $- | $- | $- | $891.85K | $2.17M | $813.59K | $688.57K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $361.07K | $2.50M | $2.19M | $2.17M | $3.67M | $891.85K | $2.17M | $813.59K | $688.57K | $13.17M | $19.41M | $8.89M | $699.25K | $398.01K | $570.15K | $1.53M | $1.60M | $1.06M | $941.65K | $2.80M |
| Depreciation and Amortization | $1.93M | $1.73M | $1.71M | $1.69M | $1.83M | $2.03M | $1.91M | $1.59M | $1.84M | $1.73M | $1.30M | $1.28M | $395.26K | $499.29K | $301.75K | $1.68K | $1.68K | $1.68K | $1.68K | $3.17K |
| EBITDA | $-2.51M | $11.55M | $-4.16M | $-300.39K | $-10.99M | $656.97K | $54.31K | $-4.75M | $-6.05M | $763.16K | $15.53M | $-2.81M | $667.66K | $37.84M | $-25.48M | $33.67M | $66.28M | $-79.07M | $-31.01M | $-5.13M |
| EBITDA Ratio | -29.52% | 146.59% | -12.92% | -1.33% | -20.77% | -0.64% | -0.23% | -39.88% | -22.21% | 7.13% | 11.07% | 14.29% | 7291100.00% | -632007.59% | 236803.27% | 3477600.00% | -8891.28% | 0.00% | 0.00% | -334960.00% |
| Operating Income | $-4.44M | $-8.96M | $-2.81M | $-1.81M | $-13.49M | $-2.09M | $-1.94M | $-6.43M | $-3.29M | $-963.75K | $-197.69K | $-1.73M | $-395.26K | $-499.29K | $-301.75K | $-466.17K | $-205.92K | $-276.79K | $-211.33K | $-584.97K |
| Operating Income Ratio | -52.16% | -113.69% | -33.06% | -20.01% | -164.82% | -22.20% | -21.40% | -107.02% | -44.84% | -9.00% | -1.99% | -21.38% | -731959.26% | -632007.59% | -19760.84% | -10029.48% | -8891.28% | 0.00% | 0.00% | -1299940.00% |
| Total Other Income Expenses Net | $-361.07K | $16.28M | $-5.25M | $-2.15M | $-3.01M | $-174.78K | $-2.09M | $-727.75K | $-5.28M | $-13.17M | $-4.98M | $-17.17M | $-128.48K | $37.94M | $-25.75M | $33.16M | $64.89M | $-79.85M | $-31.74M | $-7.35M |
| Income Before Tax | $-4.80M | $7.32M | $-8.06M | $-4.15M | $-16.49M | $-2.27M | $-4.03M | $-7.16M | $-8.58M | $-14.14M | $-5.18M | $-18.90M | $5.88M | $37.44M | $-26.06M | $32.69M | $64.68M | $-80.13M | $-31.95M | $-7.93M |
| Income Before Tax Ratio | -56.41% | 92.91% | -94.80% | -46.01% | -201.57% | -24.05% | -44.51% | -119.14% | -116.75% | -132.05% | -52.17% | -233.43% | 10887800.00% | 47396100.00% | -1706293.19% | 703367.02% | 2792700.00% | 0.00% | 0.00% | -17623684.44% |
| Income Tax Expense | $- | $- | $-2.89M | $2 | $3.61M | $891.85K | $-75.00K | $28.82M | $5.28M | $- | $4.98M | $8.27M | $699.25K | $-101.28K | $570.15K | $1.53M | $1.60M | $1.06M | $939.97K | $2.87M |
| Net Income | $-4.80M | $7.32M | $-8.06M | $-4.15M | $-16.49M | $-2.27M | $-3.95M | $-35.97M | $-13.86M | $-14.14M | $-10.15M | $-18.90M | $5.88M | $37.44M | $-26.06M | $30.78M | $64.68M | $-80.13M | $-31.95M | $-7.93M |
| Net Income Ratio | -56.41% | 92.91% | -94.80% | -46.01% | -201.57% | -24.05% | -43.69% | -598.94% | -188.66% | -132.05% | -102.34% | -233.43% | 10887800.00% | 47396100.00% | -1706293.19% | 662272.05% | 2792700.00% | 0.00% | 0.00% | -17623684.44% |
| EPS | $-0.26 | $-8.38 | $-57.98 | $-37.85 | $-187.12 | $-30.20 | $-52.99 | $-653.70 | $-239.09 | $-634.72 | $-232.40 | $750.43 | $-16.76 | $761.35 | $-1521.70 | $975.45 | $2077.18 | $-2589.33 | $-4174.67 | $-549.17 |
| EPS Diluted | $-0.26 | $-8.43 | $-57.98 | $-37.65 | $-187.12 | $-30.20 | $-52.87 | $-652.21 | $-239.08 | $-634.72 | $-232.50 | $215.24 | $-16.76 | $628.50 | $-1521.70 | $860.22 | $72.40 | $-2700.01 | $-4174.67 | $-549.17 |
| Weighted Average Shares Outstanding | 18.36M | 5.23M | 139.06K | 109.73K | 88.14K | 75.01K | 74.55K | 55.03K | 57.97K | 22.27K | 22.26K | 124.10K | 31.25K | 37.84K | 31.01K | 35.78K | 893.30K | 29.68K | 30.41K | 28.78K |
| Weighted Average Shares Outstanding Diluted | 18.36M | 5.20M | 139.06K | 110.31K | 88.14K | 75.01K | 74.73K | 55.15K | 57.98K | 22.27K | 22.27K | 124.94K | 31.25K | 37.85K | 31.01K | 31.56K | 893.30K | 30.95K | 30.41K | 28.78K |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.55M | $821.80K | $2.96M | $1.49K | $1.12K |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $1.55M | $821.80K | $2.96M | $1.49K | $1.12K |
| Net Receivables | $646.41K | $215.26K | $- | $- | $- |
| Inventory | $200.43K | $189.65K | $381.00K | $- | $- |
| Other Current Assets | $296.76K | $12.84K | $- | $194.26K | $1.98K |
| Total Current Assets | $2.69M | $1.24M | $3.34M | $98.62K | $3.10K |
| Property Plant Equipment Net | $23.80M | $17.37M | $6.53M | $- | $- |
| Goodwill | $- | $- | $2.50M | $- | $- |
| Intangible Assets | $19.89M | $22.85M | $25.81M | $- | $- |
| Goodwill and Intangible Assets | $19.89M | $22.85M | $28.31M | $- | $- |
| Long Term Investments | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $31.89K | $6.89K | $3.59K | $- | $- |
| Total Non-Current Assets | $43.72M | $40.23M | $34.84M | $- | $- |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $46.41M | $41.47M | $38.18M | $98.62K | $3.10K |
| Account Payables | $1.88M | $1.55M | $623.56K | $1.11M | $5.46M |
| Short Term Debt | $11.01M | $7.77M | $8.50M | $3.35M | $7.12M |
| Tax Payables | $4.09M | $3.95M | $4.00M | $- | $- |
| Deferred Revenue | $- | $25.00K | $25.00K | $3.95M | $337.50K |
| Other Current Liabilities | $6.29M | $12.11M | $46.32M | $33.26M | $24.30M |
| Total Current Liabilities | $23.27M | $19.01M | $59.47M | $37.72M | $36.87M |
| Long Term Debt | $27.60M | $7.23M | $2.06M | $110.00K | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $-116.26K | $- | $- | $- |
| Total Non-Current Liabilities | $27.60M | $7.12M | $2.06M | $110.00K | $- |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $50.87M | $26.13M | $61.53M | $37.83M | $36.87M |
| Preferred Stock | $- | $- | $1 | $2 | $1 |
| Common Stock | $16.96K | $10.96K | $3.33K | $493.73K | $384.27K |
| Retained Earnings | $-395.87M | $-362.27M | $-298.41M | $-301.19M | $-189.56M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $8 | $-20.07M | $944.66K |
| Other Total Stockholders Equity | $391.40M | $377.60M | $275.06M | $302.60M | $152.31M |
| Total Stockholders Equity | $-4.45M | $15.34M | $-23.35M | $-37.73M | $-36.87M |
| Total Equity | $-4.45M | $15.34M | $-23.35M | $-37.73M | $-36.87M |
| Total Liabilities and Stockholders Equity | $46.41M | $41.47M | $38.18M | $98.62K | $3.10K |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $46.41M | $41.47M | $38.18M | $98.62K | $3.10K |
| Total Investments | $- | $- | $- | $- | $- |
| Total Debt | $38.61M | $16.81M | $10.46M | $3.46M | $7.12M |
| Net Debt | $37.06M | $15.98M | $7.50M | $3.45M | $7.12M |
Balance Sheet Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $15.20M | $24.30M | $713.22K | $1.55M | $1.45M | $374.95K | $276.08K | $821.80K | $1.57M | $1.04M | $1.79M | $2.96M | $1.08K | $1.26K | $204 | $1.49K | $650 | $650 | $850 | $1.12K |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $15.20M | $24.30M | $713.22K | $1.55M | $1.45M | $374.95K | $276.08K | $821.80K | $1.57M | $1.04M | $1.79M | $2.96M | $1.08K | $1.26K | $204 | $1.49K | $650 | $650 | $850 | $1.12K |
| Net Receivables | $1.89M | $810.12K | $943.25K | $646.41K | $493.13K | $226.56K | $359.52K | $215.26K | $672.66K | $82.92K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $2.15M | $1.12M | $400.22K | $200.43K | $146.70K | $119.61K | $493.47K | $189.65K | $717.68K | $503.16K | $729.08K | $381.00K | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $527.52K | $754.17K | $162.67K | $296.76K | $970.29K | $609.48K | $110.20K | $12.84K | $38.63K | $140.22K | $90.52K | $- | $- | $94.26K | $94.26K | $194.26K | $- | $- | $- | $1.98K |
| Total Current Assets | $19.77M | $26.99M | $2.22M | $2.69M | $2.57M | $1.33M | $1.18M | $1.24M | $3.00M | $1.70M | $2.61M | $3.34M | $1.08K | $48.39K | $47.34K | $98.62K | $650 | $650 | $850 | $3.10K |
| Property Plant Equipment Net | $32.10M | $29.18M | $23.90M | $23.80M | $24.83M | $19.63M | $20.48M | $17.37M | $11.14M | $10.02M | $7.29M | $6.53M | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $2.50M | $2.50M | $2.50M | $2.50M | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $17.67M | $18.41M | $19.15M | $19.89M | $20.63M | $21.37M | $22.11M | $22.85M | $23.59M | $24.33M | $25.07M | $25.81M | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $17.67M | $18.41M | $19.15M | $19.89M | $20.63M | $21.37M | $22.11M | $22.85M | $26.09M | $26.83M | $27.57M | $28.31M | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $- | $67.92K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $17.47M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $31.89K | $31.89K | $-17.44M | $31.89K | $31.89K | $31.89K | $31.89K | $6.89K | $2.59K | $1.15K | $3.59K | $3.59K | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Non-Current Assets | $49.81M | $47.63M | $43.15M | $43.72M | $45.49M | $41.04M | $42.62M | $40.23M | $37.23M | $36.85M | $34.86M | $34.84M | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $69.58M | $74.62M | $45.37M | $46.41M | $48.06M | $42.37M | $43.80M | $41.47M | $40.23M | $38.55M | $37.47M | $38.18M | $1.08K | $48.39K | $47.34K | $98.62K | $650 | $650 | $850 | $3.10K |
| Account Payables | $2.42M | $2.30M | $1.91M | $1.88M | $1.62M | $2.09M | $2.22M | $1.55M | $827.83K | $995.81K | $736.54K | $623.56K | $4.22M | $4.24M | $5.41M | $1.11M | $8.17M | $6.87M | $6.20M | $5.46M |
| Short Term Debt | $3.26M | $3.38M | $12.41M | $11.01M | $7.87M | $11.38M | $7.51M | $4.80M | $5.97M | $40.84M | $27.51M | $8.40M | $4.82M | $3.50M | $3.32M | $3.35M | $7.88M | $7.64M | $7.29M | $7.12M |
| Tax Payables | $- | $4.01M | $4.01M | $4.09M | $4.29M | $4.46M | $3.91M | $3.95M | $3.91M | $- | $4.06M | $4.00M | $4.04M | $3.99M | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $-20.75K | $- | $- | $- | $25.00K | $25.00K | $25.00K | $25.00K | $25.00K | $98.00K | $25.00K | $25.00K | $25.00K | $25.00K | $4.01M | $3.95M | $4.16M | $4.12M | $4.11M | $337.50K |
| Other Current Liabilities | $7.32M | $3.17M | $4.38M | $6.29M | $4.97M | $12.44M | $18.15M | $8.70M | $2.89M | $7.59M | $2.53M | $46.42M | $4.41M | $12.77M | $54.57M | $33.26M | $67.74M | $134.01M | $55.01M | $24.30M |
| Total Current Liabilities | $13.00M | $12.86M | $22.71M | $23.27M | $18.78M | $23.69M | $22.51M | $19.01M | $13.63M | $49.52M | $34.86M | $59.47M | $17.52M | $24.53M | $63.30M | $37.72M | $83.79M | $148.52M | $68.50M | $36.87M |
| Long Term Debt | $5.30M | $5.68M | $16.98M | $27.60M | $29.59M | $9.63M | $10.23M | $7.12M | $4.80M | $3.21M | $2.75M | $2.06M | $128.86K | $60.00K | $110.00K | $110.00K | $110.00K | $60.00K | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- | $- | $-238.33K | $- | $-692.60K | $-1.28M | $-1.38M | $- | $- | $1 | $1 | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $5.30M | $5.68M | $16.98M | $27.60M | $29.59M | $9.63M | $9.99M | $7.12M | $4.11M | $1.93M | $1.38M | $2.06M | $128.86K | $60.00K | $110.00K | $110.00K | $110.00K | $60.00K | $13.49M | $12.91M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-13.49M | $-12.91M |
| Total Liabilities | $18.30M | $18.55M | $39.69M | $50.87M | $48.37M | $33.32M | $32.49M | $26.13M | $17.73M | $51.45M | $36.24M | $61.53M | $17.64M | $24.59M | $63.41M | $37.83M | $83.90M | $148.58M | $68.50M | $36.87M |
| Preferred Stock | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $1 | $1 | $1 | $3 | $1 | $1 | $2 | $1 | $1 | $1 | $1 |
| Common Stock | $22.38K | $12.75K | $44.11K | $16.96K | $15.88K | $11.25K | $11.25K | $10.96K | $10.71K | $3.34K | $3.34K | $3.33K | $499.87K | $499.87K | $498.18K | $493.73K | $493.73K | $493.73K | $474.98K | $384.27K |
| Retained Earnings | $-477.93M | $-473.13M | $-429.33M | $-395.87M | $-391.71M | $-368.56M | $-366.29M | $-362.27M | $-356.57M | $-317.72M | $-303.59M | $-298.41M | $-318.72M | $-324.60M | $-348.38M | $-301.19M | $-331.97M | $-396.65M | $-316.52M | $-189.56M |
| Accumulated Other Comprehensive Income Loss | $-0 | $- | $-1 | $- | $- | $- | $- | $- | $- | $- | $2 | $8 | $-3 | $-1 | $-1 | $-2 | $-1 | $-1 | $-1 | $-1 |
| Other Total Stockholders Equity | $529.18M | $529.19M | $434.96M | $391.40M | $391.39M | $377.60M | $377.60M | $377.60M | $379.05M | $304.82M | $304.82M | $275.06M | $300.57M | $299.55M | $286.86M | $283.02M | $247.57M | $247.57M | $247.54M | $152.31M |
| Total Stockholders Equity | $51.27M | $56.07M | $5.68M | $-4.45M | $-308.19K | $9.05M | $11.31M | $15.34M | $22.49M | $-12.90M | $1.24M | $-23.35M | $-17.64M | $-24.54M | $-63.36M | $-37.73M | $-83.90M | $-148.58M | $-68.50M | $-36.87M |
| Total Equity | $51.27M | $56.07M | $5.68M | $-4.45M | $-308.19K | $9.05M | $11.31M | $15.34M | $22.49M | $-12.90M | $1.24M | $-23.35M | $-17.64M | $-24.54M | $-63.36M | $-37.73M | $-83.90M | $-148.58M | $-68.50M | $-36.87M |
| Total Liabilities and Stockholders Equity | $69.58M | $74.62M | $45.37M | $46.41M | $48.06M | $42.37M | $43.80M | $41.47M | $40.23M | $38.55M | $37.47M | $38.18M | $1.08K | $48.39K | $47.34K | $98.62K | $650 | $650 | $850 | $3.10K |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $69.58M | $74.62M | $45.37M | $46.41M | $48.06M | $42.37M | $43.80M | $41.47M | $40.23M | $38.55M | $37.47M | $38.18M | $1.08K | $48.39K | $47.34K | $98.62K | $650 | $650 | $850 | $3.10K |
| Total Investments | $- | $- | $67.92K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Debt | $8.56M | $9.06M | $29.42M | $38.61M | $37.46M | $21.00M | $21.69M | $16.81M | $10.08M | $42.77M | $28.89M | $10.46M | $4.95M | $3.56M | $3.43M | $3.46M | $7.99M | $7.70M | $7.29M | $7.12M |
| Net Debt | $-6.64M | $-15.22M | $28.70M | $37.06M | $36.02M | $20.63M | $21.41M | $15.98M | $8.51M | $41.73M | $27.10M | $7.50M | $4.95M | $3.56M | $3.43M | $3.45M | $7.99M | $7.70M | $7.29M | $7.12M |
Annual Cash Flow
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $-26.94M | $-35.04M | $-1.63M | $-14.71M | $-34.27M |
| Depreciation and Amortization | $7.46M | $3.27M | $1.28M | $5.14M | $45.28K |
| Deferred Income Tax | $- | $- | $-11.47M | $- | $20.32M |
| Stock Based Compensation | $171.24K | $- | $166.85K | $- | $222.70K |
| Change in Working Capital | $914.91K | $3.57M | $-782.38K | $122.37K | $976.91K |
| Accounts Receivables | $-431.15K | $-215.26K | $232.11K | $- | $- |
| Inventory | $-10.78K | $191.36K | $-381.00K | $- | $- |
| Accounts Payables | $-856.15K | $1.70M | $-609.68K | $77.52K | $557.36K |
| Other Working Capital | $2.21M | $1.90M | $-23.81K | $44.85K | $419.55K |
| Other Non Cash Items | $16.56M | $25.59M | $9.94M | $8.41M | $10.91M |
| Net Cash Provided by Operating Activities | $-1.83M | $-2.61M | $-2.49M | $-1.04M | $-1.80M |
| Investments in Property Plant and Equipment | $-1.76M | $-5.94M | $-218.69K | $- | $- |
| Acquisitions Net | $- | $- | $141.03K | $- | $90.98K |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $90.98K |
| Other Investing Activities | $82.77K | $- | $- | $- | $-90.98K |
| Net Cash Used for Investing Activities | $-1.68M | $-5.94M | $-77.67K | $- | $90.98K |
| Debt Repayment | $10.20M | $2.28M | $20.92M | $716.52K | $692.35K |
| Common Stock Issued | $2.84M | $1 | $- | $37.16K | $1.41M |
| Common Stock Repurchased | $- | $0 | $-26.00K | $95.80M | $- |
| Dividends Paid | $- | $- | $- | $-95.84M | $- |
| Other Financing Activities | $-8.81M | $4.13M | $-15.37M | $321.69K | $-422.05K |
| Net Cash Used Provided by Financing Activities | $4.24M | $6.41M | $5.52M | $1.04M | $1.68M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $724.36K | $-2.14M | $2.96M | $365 | $-28.45K |
| Cash at End of Period | $1.55M | $821.80K | $2.96M | $1.49K | $1.12K |
| Cash at Beginning of Period | $821.80K | $2.96M | $1.49K | $1.12K | $29.57K |
| Operating Cash Flow | $-1.83M | $-2.61M | $-2.49M | $-1.04M | $-1.80M |
| Capital Expenditure | $-1.76M | $-5.94M | $-218.69K | $- | $- |
| Free Cash Flow | $-3.59M | $-8.55M | $-2.71M | $-1.04M | $-1.80M |
Cash Flow Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-4.80M | $7.32M | $-8.06M | $-4.15M | $-16.49M | $-2.27M | $-4.03M | $-7.16M | $-8.58M | $-14.14M | $-5.18M | $-18.90M | $5.88M | $37.44M | $-26.06M | $32.69M | $64.68M | $-80.13M | $-31.95M | $-7.93M |
| Depreciation and Amortization | $2.01M | $1.73M | $1.71M | $1.69M | $1.83M | $2.03M | $1.91M | $-1.42M | $1.66M | $1.73M | $1.30M | $911.22K | $- | $- | $570.15K | $5.14M | $- | $- | $941.65K | $3.17K |
| Deferred Income Tax | $- | $- | $- | $1 | $-171.24K | $- | $- | $- | $- | $- | $- | $8.87M | $- | $- | $- | $- | $- | $- | $- | $4.58M |
| Stock Based Compensation | $3.03M | $-268.07K | $309.73K | $-1 | $171.24K | $- | $- | $- | $- | $- | $- | $166.85K | $- | $- | $- | $- | $- | $- | $- | $10.00K |
| Change in Working Capital | $1.80M | $-6.02M | $-2.67M | $3.52M | $-4.51M | $1.79M | $120.26K | $5.94M | $-1.19M | $757.77K | $-494.97K | $-1.26M | $233.48K | $172.71K | $76.21K | $145.39K | $-18.60K | $-106.40K | $101.98K | $418.29K |
| Accounts Receivables | $-1.38M | $-4.38K | $-296.83K | $-153.28K | $-266.57K | $132.97K | $-144.27K | $457.41K | $-589.74K | $-82.92K | $- | $-38.27K | $- | $- | $- | $- | $- | $- | $- | $167 |
| Inventory | $-1.94M | $-723.18K | $-199.79K | $-53.73K | $-27.09K | $373.86K | $-303.83K | $528.03K | $-214.52K | $225.92K | $-348.07K | $-381.00K | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $-269.65K | $506.20K | $-1.65M | $-248.25K | $-1.11M | $-308.94K | $812.19K | $2.63M | $-980.78K | $148.16K | $-89.70K | $-796.71K | $137.03K | $83.15K | $-33.16K | $196.70K | $-50.04K | $-120.13K | $50.99K | $60.04K |
| Other Working Capital | $5.40M | $-5.80M | $-526.60K | $3.98M | $-3.11M | $1.59M | $-364.09K | $2.33M | $591.85K | $73.00K | $-57.20K | $-48.81K | $96.45K | $89.57K | $109.36K | $-51.31K | $31.44K | $13.73K | $50.99K | $358.25K |
| Other Non Cash Items | $-2.71M | $-13.40M | $11.13M | $-298.63K | $15.36M | $-114.84K | $1.79M | $2.09M | $5.47M | $12.16M | $4.43M | $8.28M | $-6.28M | $-37.78M | $25.18M | $-38.30M | $-64.89M | $79.85M | $30.80M | $2.51M |
| Net Cash Provided by Operating Activities | $-671.22K | $-10.62M | $-3.46M | $753.69K | $-3.82M | $1.44M | $-203.97K | $-541.92K | $-2.63M | $512.47K | $53.76K | $-1.94M | $-162.98K | $-160.12K | $-225.54K | $-320.78K | $-224.52K | $-383.19K | $-109.35K | $-408.01K |
| Investments in Property Plant and Equipment | $-7.74M | $-2.56M | $- | $-100.41K | $-834.12K | $-114.09K | $-712.34K | $-2.25M | $-1.14M | $-1.43M | $-1.12M | $-218.69K | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $141.03K | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $82.77K | $- | $- | $- | $- | $- | $-969.29K | $141.03K | $- | $- | $- | $- | $- | $- | $- | $-2 |
| Net Cash Used for Investing Activities | $-7.74M | $-2.56M | $- | $-100.41K | $-751.35K | $-114.09K | $-712.34K | $-2.25M | $-1.14M | $-1.43M | $-1.12M | $-77.67K | $- | $- | $- | $- | $- | $- | $- | $-2 |
| Debt Repayment | $4.28K | $-1.33M | $53.20K | $-563.73K | $11.44M | $-601.97K | $480.46K | $-2.10M | $4.31M | $162.96K | $-100.00K | $20.60M | $- | $156.41K | $24.65K | $-71 | $224.52K | $382.99K | $109.08K | $166.35K |
| Common Stock Issued | $40.37M | $40.63M | $2.57M | $-13.13M | $2.84M | $- | $- | $1 | $- | $- | $- | $- | $- | $-3.00K | $133.00K | $37.16K | $- | $- | $- | $1.41M |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $0 | $- | $- | $- | $-11.60M | $- | $- | $- | $95.80M | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $-23.95M | $-5.02M | $- | $- | $- | $- | $- | $- | $- | $-35.88M | $- | $- | $- | $-95.84M | $- | $- | $-95.00M | $- |
| Other Financing Activities | $-694.44K | $38.11M | $26.53M | $5.03M | $-8.82M | $-623.18K | $-109.88K | $4.15M | $-12.00K | $- | $- | $-15.63M | $4.43K | $4.77K | $199.61K | $321.69K | $- | $- | $- | $-1.17M |
| Net Cash Used Provided by Financing Activities | $-690.15K | $36.77M | $2.63M | $-556.46K | $5.65M | $-1.23M | $370.58K | $2.05M | $4.30M | $162.96K | $-100.00K | $4.97M | $162.80K | $161.17K | $224.26K | $321.62K | $224.52K | $382.99K | $109.08K | $406.50K |
| Effect of Forex Changes on Cash | $- | $- | $- | $24.23M | $-24.23M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-9.10M | $23.59M | $-832.94K | $96.82K | $1.07M | $98.87K | $-545.72K | $-746.97K | $528.60K | $-750.10K | $-1.17M | $2.96M | $-179 | $1.06K | $-1.28K | $835 | $- | $-200 | $-270 | $-1.52K |
| Cash at End of Period | $15.20M | $24.30M | $713.22K | $1.55M | $1.45M | $374.95K | $276.08K | $821.80K | $1.57M | $1.04M | $1.79M | $2.96M | $1.08K | $1.26K | $204 | $1.49K | $650 | $650 | $850 | $1.12K |
| Cash at Beginning of Period | $24.30M | $713.22K | $1.55M | $1.45M | $374.95K | $276.08K | $821.80K | $1.57M | $1.04M | $1.79M | $2.96M | $1.08K | $1.26K | $204 | $1.49K | $650 | $650 | $850 | $1.12K | $2.64K |
| Operating Cash Flow | $-671.22K | $-10.62M | $-3.46M | $753.69K | $-3.82M | $1.44M | $-203.97K | $-541.92K | $-2.63M | $512.47K | $53.76K | $-1.94M | $-162.98K | $-160.12K | $-225.54K | $-320.78K | $-224.52K | $-383.19K | $-109.35K | $-408.01K |
| Capital Expenditure | $-7.74M | $-2.56M | $- | $-100.41K | $-834.12K | $-114.09K | $-712.34K | $-2.25M | $-1.14M | $-1.43M | $-1.12M | $-218.69K | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $-8.41M | $-13.18M | $-3.46M | $653.28K | $-4.66M | $1.32M | $-916.30K | $-2.79M | $-3.77M | $-913.06K | $-1.07M | $-2.16M | $-162.98K | $-160.12K | $-225.54K | $-320.78K | $-224.52K | $-383.19K | $-109.35K | $-408.01K |
Greenwave Technology Solutions Dividends
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Greenwave Technology Solutions News
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Greenwave's Margins Expand as Scrap Metal Prices Surge Ahead of Steel and Aluminum Import Tariffs Taking Effect March 12, 2025
Tariffs Taking Effect on all Foreign Steel and Aluminum Imports Without Exception or Exclusion Greenwave Provides 100% Domestically-Sourced Scrap Metal to Nucor, Sims, Cleveland-Cliffs, and Georgia-Pacific Prices for Scrap Steel have Surged More than 20% the Past Month and are Expected to Go Higher Upcoming Tariffs on Copper Imports Expected to Further Accelerate Greenwave's Revenue Growth and Margin Expansion CHESAPEAKE, Va. , March 10, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), today announced that its margins have expanded significantly due to surging prices for scrap steel – already up 20% since early February and expected to go higher – ahead of steel and aluminum import tariffs taking effect on March 12, 2025.
Greenwave Technology Solutions, Inc. Chief Executive Officer Danny Meeks to be Interviewed on Fox Business Network's Varney & Co. Today
CHESAPEAKE, Va. , March 6, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), today announced that its Chairman and Chief Executive Officer, Danny Meeks, is expected to be interviewed on Fox Business Network's Varney & Co. at 11:30am EST today.
Greenwave Technology Solutions, Inc. Selects GreenSpark as Operating System to Drive Rapid Growth
GreenSpark – Backed by BMW i Ventures and Gaining Significant Adoption in the Metal Recycling Sector – is Expected to Power $GWAV's Ambitious 2025 Growth Plans Greenwave Supplies Industry Titans Nucor, Sims Metal, Cleveland-Cliffs, and Georgia-Pacific with 100% U.S.-Sourced Recycled Metals $GWAV Recently Raised 2025 Revenue Outlook to $47-$50 Million, Signaling Robust Growth Resulting from President Trump's Steel and Aluminum Tariffs GreenSpark's AI-Driven Platform is Focused on the Multi-Billion-Dollar Scrap Metal Industry CHESAPEAKE, Va. , Feb. 26, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), a leading scrap metal recycling chain, today selected GreenSpark—the metal recycling industry's fastest-growing, AI-powered operating system—as its core platform.
Greenwave Technology Solutions, Inc. Underscores Commitment to Growth and Shareholder Value
President Trump is expected to announce copper tariffs soon – the higher the tariff, the more revenue Greenwave is expected to generate GWAV recently raised revenue guidance to $47-$50 Million for Fiscal Year 2025 Greenwave supplies Nucor, Sims Metal, Cleveland-Cliffs, and Georgia-Pacific with 100% domestically-sourced recycled metals S&P Global Commodity Insights and BNN Bloomberg recently covered Greenwave CHESAPEAKE, Va. , Feb. 21, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), today announced that despite receiving numerous inquiries from investors, Greenwave has no immediate plans to raise capital.
BNN Bloomberg Interviews Greenwave Technology Solutions, Inc. Chief Executive Officer Danny Meeks
Greenwave supplies Nucor, Sims Metal, Cleveland-Cliffs, and Georgia-Pacific with100% domestically-sourced recycled metals The Company recently raised revenue guidance to $47-50 Million for Fiscal Year 2025 President Trump is expected to announce copper tariffs soon – the higher the tariff, the more revenue Greenwave is expected to generate S&P Global Commodity Insights recently covered Greenwave in an interview accessible here CHESAPEAKE, Va. , Feb. 18, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), today announced that its Chairman and Chief Executive Officer, Danny Meeks, was interviewed on BNN Bloomberg.
Greenwave Technology Solutions, Inc. Chief Executive Officer Danny Meeks to be Interviewed on BNN Bloomberg at 3:05pm EST Today
CHESAPEAKE, Va. , Feb. 18, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), today announced that its Chairman and Chief Executive Officer, Danny Meeks, is expected to be interviewed on BNN Bloomberg at 3:05pm Eastern Standard Time today.
Greenwave Technology Solutions, Inc. Covered by S&P Global Commodity Insights
Company Recently Raised Revenue Guidance to $47–50 Million for FY 2025 Greenwave's Customers Include Nucor, Sims Metal Management, Cleveland-Cliffs, and Georgia-Pacific Recovery of Rare Earth Metals to be a Focus in FY 2025 CHESAPEAKE, Va. , Feb. 14, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), today announced it was covered by S&P Global Commodity Insights.
Greenwave Technology Solutions, Inc. Preparing for Massive Demand Influx Amid 25% Tariffs on Steel and Aluminum Without Exceptions or Exemptions
Company Provides 100% Domestically-Sourced Steel, Aluminum, Copper, and Zorba to Steel Mills Greenwave's Customers Include Nucor, Sims Metal Management, Cleveland-Cliffs, and Georgia-Pacific Prices for Domestic Scrap Metal have Surged in February and are Expected to Go Higher CHESAPEAKE, Va. , Feb. 11, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), today announced it is preparing for significant demand increases for its 100% domestically-sourced scrap metal products, including steel, aluminum, copper, and zorba.
Greenwave Technology Solutions, Inc.'s Scrap Metal Inventories Estimated to Surpass $6 Million as Prices Surge, Poised for Further Gains
Company's Scrap Metal Inventories are Estimated to Surpass $6 Million in Current Market Value, Ideally Positioned to Capitalize on Rising Metal Prices Amid Anticipated Tariff Increases Domestic Scrap Steel Prices Up Significantly This Week, Forecasted to Keep Climbing Exclusive Operational Licenses and Contracts with Suppliers Create Significant Barriers to Entry CHESAPEAKE, Va. , Feb. 7, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), today announced its scrap metal inventories are estimated to have surpassed $6 million in current market value, positioning the Company to benefit from surging metal prices and increasing demand.
Greenwave's Scrap App Adopted by a Leading U.S. Junk Car Buyer, Powering Expansion to 27 New Markets
Scrap App Aims to be the #1 Junk Car Platform in the $32 Billion Auto Recycling Industry Company Accelerating Nationwide Expansion, Building on Objective Success in Key Cities Platform Set New Weekly Record Both in Number of Cars and Revenue from January 26 to February 1, 2025 CHESAPEAKE, Va. , Feb. 5, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), a leading innovator in the metal recycling sector, today announced the adoption of its AI-powered car buying platform, Scrap App, by one of the largest buyers of junk cars in the United States.
Greenwave Technology Solutions, Inc. Raises Revenue Guidance to $47-$50 Million for FY 2025
Tariffs Expected to Drive 10-20% Revenue Growth on Metal Products with 40-45% Gross Profit Margins Greenwave Supplies 100% Domestically-Sourced Steel, Aluminum, Copper, and Rare-Earth Metals to Industry Titans Company in Active Negotiations with Multiple Entities Seeking Access to its High-Volume Flow of Mill-Ready Metals CHESAPEAKE, Va., Feb. 4, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leader in metal recycling, is raising revenue guidance to $47–$50 million for FY 2025 following President Trump's announcement of sweeping tariffs on steel, aluminum, and copper imports.
Greenwave Technology Solutions, Inc. Poised for Explosive Growth Amid New Steel, Aluminum, and Copper Tariffs
On January 31, 2025, President Trump Stated he will be Placing Significant Tariffs on Steel, Aluminum, and Copper Tariffs are Expected to Drive Price Increases on Domestically-Sourced Metal Greenwave's customers include subsidiaries of Nucor Corporation, Cleveland-Cliffs, Inc., Sims Limited, and Georgia-Pacific CHESAPEAKE, Va. , Feb. 3, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leader in metal recycling, is primed for significant revenue acceleration following President Trump's announcement of sweeping tariffs on steel, aluminum, and copper imports.
Greenwave Technology Solutions, Inc. Launches AI-Powered Expansion of Scrap App
Scrap App's AI Operator Drives Automation of Quotes, Scheduling, and Customer Support Company Accelerates Nationwide Expansion in 2025, Building on Success in Key Cities Aims to Dominate $32 Billion Auto Recycling Industry CHESAPEAKE, Va. , Jan. 27, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), a leader in metal recycling, today announced the launch of an advanced AI-powered operator in its subsidiary, Scrap App (www.scrapapp.com).
Greenwave Technology Solutions, Inc. Wins Exclusive Municipal Contract with Virginia Beach
Initial value estimates at over $500,000 in revenues Company secures exclusive operations in Virginia's largest city and industrial hub, home to several military bases, advanced manufacturers, and defense contractors Leveraging municipal and federal agreements further establishes Greenwave's leadership in metal recycling CHESAPEAKE, Va. , Jan. 23, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV), a prominent leader in sustainable metal recycling across Virginia, North Carolina, and Ohio, announces its exclusive contract win with the City of Virginia Beach—the state's largest city and industrial hub.
Greenwave Technology Solutions Announces $4 Million Offering Priced at Market
Company to Accelerate Recovery and Monetization of Rare Earth Metals Transaction Prohibits Short Selling, Optimizes Capital Structure, and Aligns Investors with Long-Term Growth CHESAPEAKE, Va. , Jan. 13, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), a leading supplier of sustainably-sourced ferrous, non-ferrous and rare-earth metals, announced today the entry into a securities purchase agreement with institutional and accredited investors for a registered direct offering and concurrent private placement priced at the market as of January 10, 2025.
Greenwave Technology Solutions, Inc. Announces Cancellation of Special Meeting of Stockholders
CHESAPEAKE, Va. , Jan. 8, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), announced today that the Company determined to cancel the January 2025 Special Meeting of Stockholders previously scheduled for January 10, 2025.
Greenwave Technology Solutions, Inc. Projects $43-$45 Million Revenue in FY 2025 Driven by Market Expansion, Long-Term Contracts and Industry Demand
Government contracts, including agreements with the U.S. Federal Government, municipalities, and contractors, drive revenue growth Greenwave's customers are industry giants such as Nucor Corporation, Sims Limited, Cleveland-Cliffs, Inc., and Georgia-Pacific Expansion of Scrap App and hurricane recovery contracts position Greenwave for continued growth and leadership Over 500,000 GWAV shares purchased by insiders in December 2024 CHESAPEAKE, Va. , Dec. 30, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), a leading metal recycler in Virginia, North Carolina, and Ohio, today released revenue guidance of $43-$45 million for fiscal year 2025.
Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) Accelerates Rare-Earth Metal Recovery Amid Global Supply Disruptions
On December 3, 2024, China banned the export of gallium, germanium, and antimony to the United States – vital minerals utilized in the production of semiconductors, solar panels, and electric car batteries The Company expects to generate significant revenue in FY 2025 through the efficient extraction of these rare-earth minerals from vehicles, appliances, equipment, and heavy machinery Greenwave believes its proprietary rare-earth metal recovery initiative is a "catalytic converter-level" opportunity, with breakthrough technologies unlocking the profitable recovery of rare and high-value metals historically overlooked by the recycling industry CHESAPEAKE, Va. , Dec. 18, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), a leading metal recycler in Virginia, North Carolina, and Ohio, announced today it is accelerating the recovery of rare-earth metals from appliances, equipment, heavy machinery, and vehicles – capitalizing on surging global demand and escalating geopolitical tensions.
Greenwave Technology Solutions, Inc. (Nasdaq:GWAV) Issues Chairman's Letter
Insiders made open market purchases of more than 500,000 GWAV shares in December 2024 Company has increased shareholders' equity by approximately $51 million in 2024 Greenwave continues to prioritize government contracts as a key driver of revenue and cash flow growth The Company recently purchased the real estate for seven of its core facilities, reducing annual rent expenses by approximately $1.7 million Numerous upcoming catalysts expected to benefit Greenwave -- including the opening of Nucor Corporation's state-of-the-art Lexington, NC steelmaking facility with a staggering 430,000-ton annual processing capacity(1) CHESAPEAKE, Va. , Dec. 17, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), a leading metal recycler in Virginia, North Carolina, and Ohio, released today the following letter to shareholders from Danny Meeks, Chairman and Chief Executive Officer: Greenwave Shareholders, I am pleased to report Greenwave will enter 2025 in the strongest strategic and financial position in the history of the Company.
Greenwave Technology Solutions, Inc. Wins Exclusive Government Contract for Metal Recycling Valued at Approximately $2 Million
Greenwave to recycle 550,000 pounds of non-ferrous metal, estimated to increase Q4 2024 and Q1 2025 revenues by approximately $2 million Leveraging municipal, state, and federal agreements further establishes Greenwave's leadership in metal recycling CHESAPEAKE, Va. , Dec. 12, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV), a prominent leader in sustainable metal recycling across Virginia, North Carolina, and Ohio, announces it has been awarded an exclusive government contract for the recycling of 550,000 pounds of non-ferrous metal, estimated to boost Q4 2024 and Q1 2025 revenues by approximately $2 million.
Greenwave Technology Solutions, Inc. Awarded Contract Valued at $15 - $35 Million with Core Tree Care, Inc. for Hurricane Helene Recovery Services
CHESAPEAKE, Va. , Dec. 9, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV), a leader in sustainable metal recycling across Virginia, North Carolina, and Ohio, is on track to generate $15 – $35 million in revenue through a contract with Core Tree Care, Inc., related to a prime contract with the Army Corps of Engineers.
Greenwave Technology Solutions, Inc. Strategically Positions for Growth in Rapidly Consolidating U.S. Scrap Metal Industry
CHESAPEAKE, Va. , Dec. 6, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), a leader in metal recycling operations across Virginia, North Carolina, and Ohio, announces strategic developments poised to deliver shareholder value in a rapidly consolidating scrap metal market.
Greenwave Technology Solutions, Inc. Positioned to Capitalize on Nucor's Lexington Facility Launch and Record Domestic Demand
CHESAPEAKE, Va. , Dec. 5, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV), a leader in metal recycling operations across Virginia, North Carolina, and Ohio, is set to benefit from the 2025 opening of Nucor Corporation's state-of-the-art steelmaking facility in Lexington, North Carolina.
Greenwave Technology Solutions (Nasdaq:GWAV) Secures Ownership of Key Real Estate, Saving $1.7M Annually and Boosting Strategic Opportunities
CHESAPEAKE, Va. , Dec. 2, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), a leading operator of metal recycling facilities across Virginia, North Carolina, and Ohio, has taken a transformative step by acquiring the real estate for seven of its core facilities.
Greenwave Technology Solutions, Inc. Expects U.S. Tariffs on Steel Imports to Drive Margin Expansion in FY 2025
Greenwave's customers include subsidiaries of Nucor Corporation, Cleveland-Cliffs, Inc., Sims Limited, and Georgia-Pacific The Company is one of primary domestic suppliers of mill-ready shred in the mid-Atlantic region CHESAPEAKE, Va. , Nov. 27, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio, announced today that based on its 20+ years of operating history in the U.S. scrap metal industry – including Chief Executive Officer Danny Meeks' firsthand experience from President-elect Trump's first term – that it expects tariffs on U.S. steel imports will drive the Company's revenue growth and margin expansion throughout fiscal year 2025.
Greenwave Technology Solutions' Scrap App Sets New Weekly Revenue Record; Expands to Greenville, NC Market
Company Launches Trust Pilot reviews to Boost Google Search Ranking and Optimize its Conversion Rate ScrapApp.com is Capturing Market Share and Growing Revenue in Key Markets Primarily Utilizing Cashflows Generated from Operating Activities CHESAPEAKE, Va. , Aug. 2, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio, announced today that its wholly-owned subsidiary, Scrap App, Inc., set a new weekly revenue record from cars purchased through the ScrapApp.com platform from July 21 through and including July 27, 2024.
Greenwave Technology Solutions' Scrap App Sets New Daily Record
Greenwave Sees Adoption of Technology and Specifically Artificial Intelligence in the $42.3 Billion U.S. Scrap Metal Industry(1) as Being a Driver for Growth and Competitive Advantage Company Recently Set a New Daily Record for Cars Purchased Through the Scrap App Platform CHESAPEAKE, Va. , June 18, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio, announced today that its wholly-owned subsidiary, ScrapApp.com, recently set a new daily record for cars purchased through the Scrap App platform.
Recycling Metal Stocks - The Opportunities and the Players
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - June 18, 2024) - Investorideas.com , a go-to platform for big investing ideas issues the first of a two-part series looking at the opportunities and the players in metals recycling, featuring Greenwave Technology Solutions, Inc. (NASDAQ: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio. Read the full article on Investorideas https://www.investorideas.com/News/2024/renewable-energy/06180Recycling-Metal-Stocks.asp Research and Markets reports, "The rising demand for consumer electronics is significantly driving the growth of the metal recycling market.
Greenwave Technology Solutions Completes Recapitalization
Company Strengthens Balance Sheet by $80.5 Million since February Greenwave Attracts $45.3 Million in New Capital Infusions since March Company's Business Plan Fully Funded with No Current Need for Additional Capital CHESAPEAKE, Va. , June 18, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio, announced today the completion of its recapitalization, significantly strengthening its balance sheet.
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