Greenwave Technology Solutions, Inc. (GWAV)

NASDAQ: GWAV · IEX Real-Time Price · USD
1.880
-0.060 (-3.09%)
At close: Jun 14, 2024, 4:00 PM
1.890
+0.010 (0.53%)
After-hours: Jun 14, 2024, 7:59 PM EDT
-3.09%
Market Cap 13.29M
Revenue (ttm) 35.13M
Net Income (ttm) -63.03M
Shares Out 7.07M
EPS (ttm) -366.00
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 984,186
Open 1.900
Previous Close 1.940
Day's Range 1.870 - 2.000
52-Week Range 1.765 - 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, operates metal recycling facilities in Virginia, Ohio, and North Carolina. 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, lead, alloys, and mixed m... [Read more]

Sector Industrials
Founded 2002
Employees 131
Stock Exchange NASDAQ
Ticker Symbol GWAV
Full Company Profile

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 Statements

News

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...

9 days ago - PRNewsWire

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...

16 days ago - PRNewsWire

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...

23 days ago - PRNewsWire

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. , ...

5 weeks ago - PRNewsWire

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...

5 weeks ago - PRNewsWire

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 ...

7 weeks ago - PRNewsWire

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" ...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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") ...

4 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

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. ...

5 months ago - PRNewsWire

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...

5 months ago - PRNewsWire

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...

5 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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...

9 months ago - PRNewsWire

Greenwave Technology Solutions Announces its Shear Baler is Now Fully Operational at its Cleveland Facility

Newly installed equipment to significantly increase facility's metal recycling production capacity and ramp up revenue CHESAPEAKE, Va. , Sept. 26, 2023 /PRNewswire/ -- Greenwave Technology Solutions, ...

9 months ago - PRNewsWire

Greenwave Technology Solutions Launches Scrap App with AI Pricing Engine in Development

Greenwave is developing an AI pricing engine for junk cars to optimize margins and plans to utilize its proprietary transaction data to train a large language model (LLM) Greenwave intends to develop ...

9 months ago - PRNewsWire

Greenwave Technology Solutions to be Featured on Benzinga All Access at 11:00am EDT on August 30, 2023

Topics are expected to include upcoming catalysts including recently announced systems that increase capabilities to drive the company towards $50 million annual revenues  CHESAPEAKE, Va. , Aug. 29, 2...

10 months ago - PRNewsWire

Greenwave Technology Solutions' Copper Extraction System Expected to Commence Operations in September 2023

New infrastructure and technology coming online to significantly increase processing capacity, resulting in increased annual revenues CHESAPEAKE, Va. , Aug. 29, 2023 /PRNewswire/ -- Greenwave Technolo...

10 months ago - PRNewsWire

U.S. Steel Turns Down $7.3 Billion Offer From Cleveland-Cliffs, Explores Alternatives – Potential Upside For Greenwave Technology Solutions?

SUFFOLK, VA / ACCESSWIRE / August 25, 2023 / U.S. Steel looks like it's up for sale - the major mill is now considering competing offers from both Cleveland Cliffs and Esmark Inc and there are rumors ...

10 months ago - Accesswire