Greenwave Technology Solutions, Inc. (GWAV)

NASDAQ: GWAV · IEX Real-Time Price · USD
0.121
-0.006 (-4.95%)
At close: Mar 28, 2024, 4:00 PM
0.124
+0.003 (2.40%)
After-hours: Mar 28, 2024, 4:44 PM EDT
-4.95%
Market Cap 2.11M
Revenue (ttm) 32.65M
Net Income (ttm) -36.60M
Shares Out 16.56M
EPS (ttm) -2.59
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 5,619,550
Open 0.128
Previous Close 0.127
Day's Range 0.116 - 0.129
52-Week Range 0.115 - 1.120
Beta 1.65
Analysts n/a
Price Target n/a
Earnings Date Aug 14, 2023

About GWAV

Greenwave Technology Solutions, Inc., through its subsidiary, operates metal recycling facilities in Virginia, Ohio, 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... [Read more]

Sector Industrials
Founded 2002
Employees 145
Stock Exchange NASDAQ
Ticker Symbol GWAV
Full Company Profile

Financial Performance

Financial Statements

News

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 days 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...

3 days 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...

9 days 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...

24 days 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") ...

6 weeks 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...

6 weeks 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...

2 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. ...

2 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...

2 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...

2 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...

3 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...

6 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, ...

6 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 ...

7 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...

7 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...

7 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 ...

7 months ago - Accesswire

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 ...

7 months ago - PRNewsWire

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...

7 months ago - PRNewsWire

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...

8 months ago - PRNewsWire

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...

8 months ago - PRNewsWire

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...

8 months ago - PRNewsWire

Greenwave Officially Opens Cleveland Facility

CLEVELAND , April 5, 2023 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (NASDAQ: GWAV), a leading operator of metal recycling facilities in Virginia and North Car...

1 year ago - PRNewsWire

Greenwave Secures Property for Metal Recycling Facility in Cleveland, Ohio

CHESAPEAKE, Va., Feb. 15, 2023 (GLOBE NEWSWIRE) -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (NASDAQ: GWAV), a leading operator of metal recycling facilities in Virginia, Nor...

1 year ago - GlobeNewsWire

Greenwave Expects Optimal Market Conditions in 2023

CHESAPEAKE, Va., Jan. 30, 2023 (GLOBE NEWSWIRE) -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (NASDAQ: GWAV), a leading operator of metal recycling facilities in Virginia and ...

1 year ago - GlobeNewsWire