Greenwave Technology Solutions, Inc. (GWAV)
| Market Cap | 2.80M |
| Revenue (ttm) | 35.67M |
| Net Income (ttm) | -33.60M |
| Shares Out | 44.07M |
| EPS (ttm) | -2.57 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,812,288 |
| Open | 0.0680 |
| Previous Close | 0.0680 |
| Day's Range | 0.0630 - 0.0680 |
| 52-Week Range | 0.0620 - 1.1200 |
| Beta | 1.57 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Apr 16, 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]
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
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...
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, ...
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 ...
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...
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...
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 ...
Greenwave Technology Solutions Regains Compliance with Nasdaq Listing Standards
CHESAPEAKE, Va. , Aug. 24, 2023 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (NASDAQ: GWAV), a leading operator of metal recycling facilities in Virginia, North ...
Greenwave Technology Solutions Announces $3.2 Million Registered Direct Offering Priced Above Market
Company to use funds for expansion and accretive acquisitions CHESAPEAKE, Va. , Aug. 21, 2023 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (NASDAQ: GWAV), a lead...
Greenwave Technology Solutions Reports Third Highest Quarterly Revenues in Company History
Greenwave generated $1.23 million in positive cashflows from operations during the six months ended June 30, 2023, a new record for the Company Company generated $18.46 million in revenues for the six...
Greenwave Appoints Henry Sicignano III and Jason Adelman to Board of Directors
Former CEO of 22nd Century Group and current President of Charlie's Holdings, Henry Sicignano III is a seasoned public company executive with substantial expertise in competitive strategy and regulato...
Greenwave Technology Solutions, Inc. Shareholder Update
Company's downstream processing system has commenced operations and is on track to generate in excess of $1,000,000 per month in revenue with 80%+ margins by the end of 2023. Greenwave expects to gene...