Greenwave Technology Solutions, Inc. (GWAV)
| Market Cap | 21.04M |
| Revenue (ttm) | 35.13M |
| Net Income (ttm) | -63.03M |
| Shares Out | 12.75M |
| EPS (ttm) | -366.00 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 578,786 |
| Open | 1.720 |
| Previous Close | 1.730 |
| Day's Range | 1.650 - 1.720 |
| 52-Week Range | 1.580 - 168.000 |
| Beta | 1.53 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | May 20, 2024 |
About GWAV
Greenwave Technology Solutions, Inc., through its subsidiary, Empire Services, Inc., operates metal recycling facilities in Virginia, North Carolina, and Ohio. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders. In addition, the company process nonferrous metals, such as aluminum, copper, stainless steel, nickel, brass, titanium, le... [Read more]
Financial Performance
In 2023, GWAV's revenue was $35.67 million, an increase of 4.97% compared to the previous year's $33.98 million. Losses were -$33.60 million, -47.39% less than in 2022.
Financial StatementsNews
Follow the Money in Metals Recycling - Why the Big Miners Are Jumping In
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - June 20, 2024) - Investorideas.com. a go-to platform for big investing ideas issues the second half of a two -part series looking at ...
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...
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 op...
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 Ad...
Greenwave Technology Solutions Regains Full Compliance with Nasdaq Listing Standards
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 Carolin...
Greenwave Technology Solutions' Downstream Processing System Generates Record Revenues as Copper Hits All Time High
Company's Downstream Processing System Generated Record Revenues in May 2024 Greenwave Reiterates its Confidence in Exceeding Revenue Guidance of $40 million Driven by Both Increased Volume and Higher...
Greenwave Announces Reverse Stock Split to Regain Nasdaq Compliance
Common stock will begin trading on reverse split-adjusted basis on June 3, 2024 CHESAPEAKE, Va. , May 29, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasd...
Greenwave Eliminates All Convertible Debt
Final Conversion of $18 Million in Convertible Debt Occurred Today Greenwave Eliminated an Additional $17.2 Million in Debt Held by Chairman Company Now Has No Convertible Debt or Preferred Shares Out...
Greenwave Technology Solutions Expects to Process Record Volumes of Steel and Copper with Revenues Exceeding $40 Million in 2024
Growth Being Driven by Cleveland, OH and Virginia Beach, VA Locations Cashflows and EBITDA to be Accelerated Once its Second American Pulverizer 60x85 Shredder Commencing Operations CHESAPEAKE, Va. , ...
Greenwave Technology Solutions' Exchanges All Outstanding Notes Held by its Chief Executive Officer into Equity
Greenwave CEO Exchanges $7.22 Million in Debt into Common Shares at $0.1167/Share Additionally, Company CEO Exchanges $10 Million in Debt into Shares of Series D Preferred CHESAPEAKE, Va. , May 7, 202...
Greenwave Technology Solutions Further Strengthens its Balance Sheet
Company has improved its balance sheet by $27 million over the past 90 days Chairman and CEO has converted all $17.22 million of his debt into equity Company bolsters balance sheet with $5.25 million ...
Greenwave Technology Solutions Regains Compliance with Nasdaq Market Value of Listed Securities Requirement
Nasdaq Grants Company 180 Day Extension to Regain Compliance with $1.00 Minimum Bid Price Requirement CHESAPEAKE, Va. , April 4, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" ...
Greenwave Technology Solutions Strengthens Balance Sheet by Approximately $14.87 Million
Company Believes it Has Regained Compliance with Nasdaq's Shareholder Equity Requirement CHESAPEAKE, Va. , April 1, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Compa...
Greenwave Technology Solutions' Scrap App Launches A.I. Features to Scale and Grow into New Markets
Greenwave is One of the First Companies to Utilize Artificial Intelligence in the $42.3 Billion U.S. Scrap Metal Industry(1) ScrapApp.com has Launched A.I.-Powered Systems to Optimize Pricing and Sale...
Greenwave Technology Solutions' Second Shredder Currently Being Connected to Power Grid by Dominion Energy Ahead of Schedule
The second shredder is expected to boost annual revenues by approximately $4.8 million, with significant increase to gross profit Second shredder on track to be connected to power grid by March 29, 2...
Greenwave Technology Solutions Successfully Restructures Debt to Facilitate Continued Growth
Company Not Required to Make Cash Payments on Senior Secured Notes until July 31, 2024 Quarterly-Cash Covenants Waived until September 30, 2024 Greenwave's Second American Pulverizer 60x85 Shredder Ex...
Greenwave Technology Solutions' Scrap App Expands to Richmond, VA Market as it Continues to Capture Market Share
ScrapApp.com is Now Serving the Richmond Metropolitan Area – the Third Largest in the Commonwealth of Virginia – Enabling People to Get Paid for their End-of-Life Vehicles Currently Available in Three...
Greenwave Technology Solutions' Second Shredder Scheduled to Be Connected to Power Grid by April 9, 2024
Second shredder is expected to double Greenwave's ferrous metal processing capacity CHESAPEAKE, Va. , Feb. 15, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") ...
Greenwave Technology Solutions Releases Shareholder Update
Company on track to generate record revenues in FY 2024 Second shredder will be fully operational soon and is expected to double Greenwave's ferrous metal processing capacity CHESAPEAKE, Va. , Feb. 13...
Greenwave Technology Solutions' Scrap App Continues Capturing Market Share
Greenwave Generated Over $200,000 in Revenue from Cars Purchased through Scrap App During its First 130 Days Company is Developing Artificial Intelligence to Optimize Pricing and Automate Systems to C...
Greenwave Technology Solutions Receives License from Ohio Bureau of Motor Services
Greenwave's Subsidiary, Empire Metals, is Now Licensed to Purchase Scrap Cars in the State of Ohio Company's Scrap Car Buying Platform, ScrapApp.com, Continues to Rapidly Scale CHESAPEAKE, Va. , Jan. ...
Greenwave Technology Solutions Generates More than $9 Million Revenue in Q4 2023
Company Grows Revenues More than 10% Over Q3 2023 Greenwave Expects to Significantly Grow Revenues in FY 2024 CHESAPEAKE, Va. , Jan. 22, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Gre...
Greenwave Technology Solutions Commences Operation of Metal Baler, Wire Stripper, and Sheers at Non-Ferrous Processing Facility
Equipment Expected to Grow Revenues by Tens of Thousands of Dollars per Month with Significant Margins Automates Certain Manual Processes Required to Process, Transport, and Sell Aluminum and Copper P...
Greenwave Technology Solutions' Scrap App Expands to Second Market as it Continues to Capture Market Share
Greenwave Generated Over $100,000 in Revenue from Cars Purchased through Scrap App During its First 90 Days Company is Developing Artificial Intelligence to Optimize Pricing and Automate Systems to Cr...
Second Automotive Shredder at Greenwave Expected to Materially Increase Carrollton Facility's Revenues Beginning in Q4 2023
Additional Shredder to Double Greenwave's Ferrous Metal Processing Capacity Greenwave Poised to Expand to 20+ Metal Recycling Facilities CHESAPEAKE, Va. , Sept. 28, 2023 /PRNewswire/ -- Greenwave Tec...