Greenwave Technology Solutions Inc

Greenwave Technology Solutions, Inc. is an emerging growth company, which engages in the recycling ferrous metal. It also nonferrous metals including aluminum, copper, stainless steel, nickel, brass, titanium, lead, alloys, and mixed metal products. The company was founded on April 26, 2013 and is headquartered in Suffolk, VA.

Earnings data Q2 2023

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Greenwave Technology Solutions, Inc. is an emerging growth company, which engages in recycling ferrous metal. It also recycles nonferrous metals including aluminum, copper, stainless steel, nickel, brass, titanium, lead, alloys, and mixed metal products. The company was founded on April 26, 2013 and is headquartered in Chesapeake, VA.

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 generate positive cashflows from operations and positive EBITDA for the year ending December 31, 2023.

Greenwave Technology Solutions, Inc. Shareholder Update

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 Carolina, is pleased to share that it has officially opened its Cleveland, Ohio facility. Greenwave Technology Solutions, Inc. secured the property formerly occupied by JBI Scrap Processors on East 55th Street in Cleveland in February 2023.

Greenwave Officially Opens Cleveland Facility

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, North Carolina, and Ohio, is pleased to announce that it has secured the property formerly occupied by JBI Scrap Processors on East 55th Street in Cleveland, Ohio to open a scrap metal recycling facility.

Greenwave Secures Property for Metal Recycling Facility in Cleveland, Ohio

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 North Carolina, is pleased to share that it expects optimal market conditions for scrap metal recycling throughout 2023 and for the foreseeable future, with prices for many of Greenwave's products near record highs.

Greenwave Expects Optimal Market Conditions in 2023

CHESAPEAKE, Va., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (NASDAQ: GWAV), a leading operator of metal recycling facilities in Virginia and North Carolina, is pleased to announce that over the past several months, it has established relationships with leading international and domestic steel mills to secure the best possible prices for each type of metal it processes.

Greenwave Secures New Customers to Increase Margins

CHESAPEAKE, Va., Jan. 20, 2023 (GLOBE NEWSWIRE) -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (NASDAQ: GWAV), a leading operator of metal recycling facilities in Virginia and North Carolina, is pleased to announce Greenwave's Chief Executive Officer Danny Meeks has agreed to waive his quarterly bonuses due under his employment agreement for fiscal year 2023. This waiver is expected to reduce operating expenses and improve free cash flow by approximately $1 million.

Greenwave CEO Danny Meeks Waives Quarterly Bonuses for Fiscal Year 2023

CHESAPEAKE, Va., Jan. 13, 2023 (GLOBE NEWSWIRE) -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (NASDAQ: GWAV), a leading operator of metal recycling facilities in Virginia and North Carolina, is pleased to announce it is now operating a metal processing and equipment maintenance hub in Chesapeake, VA.

Greenwave Operating Metal Processing Facility in Chesapeake, VA

The Company's Norfolk facility – its highest volume yard – now has the ability to purchase scrap cars directly from customers The Company's Norfolk facility – its highest volume yard – now has the ability to purchase scrap cars directly from customers

Greenwave's Norfolk Facility Obtains Automotive Recycler License from Virginia Department of Motor Vehicles

CHESAPEAKE, Va., Dec. 01, 2022 (GLOBE NEWSWIRE) -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (NASDAQ: GWAV), a leading operator of 12 metal recycling facilities in Virginia and North Carolina, is pleased to announce its 12th metal recycling facility has opened in Fairmont, NC. With one of the largest footprints of metal recycling facilities in the mid-Atlantic region, Greenwave supplies some of the world's leading steel mills with a continuous supply of ferrous and non-ferrous metal.

Greenwave Opens 12th Metal Recycling Facility in Fairmont, NC and Announces Results of its Annual Meeting of Shareholders

Company is opening Greenwave Elite Sports Facility to enter the youth sports market, an estimated $19 billion industry [ 1] , in addition to launching an online car buying program and expanding its fleet to more than 30 trucks

Greenwave to Open 12th Metal Recycling Facility; to Expand into the Sports Facility Market

JUPITER, Fla., Oct. 12, 2022 (GLOBE NEWSWIRE) -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (NASDAQ: GWAV), a leading operator of 11 metal recycling facilities in Virginia and North Carolina, is pleased to announce that its Chairman and Chief Executive Officer, Danny Meeks, will be presenting at the Dawson James 7th Annual Small Cap Growth Conference this morning, October 12, 2022, at 11:30am ET.

Greenwave to Present at Dawson James Small Cap Growth Conference Today at 11:30am ET

Since July 2022, the Company has been scrapping three ship-to-shore cranes estimated to weigh 3,200 tons and a scrap value of approximately $1 million Since July 2022, the Company has been scrapping three ship-to-shore cranes estimated to weigh 3,200 tons and a scrap value of approximately $1 million

Greenwave Scrapping Cranes Estimated to Weigh 3,200 Tons at the Port of Virginia

The Company is on track to open two additional metal recycling facilities, as well as completing the installation of its second automotive shredder to double its metal processing capacity, in the fourth quarter of 2022

Greenwave Appoints Ashley Sickles as Chief Financial Officer

Simultaneous with its NASDAQ listing on July 22, 2022, all of the Company's convertible debt converted into shares of common stock at a conversion price of $6.02 per share Simultaneous with its NASDAQ listing on July 22, 2022, all of the Company's convertible debt converted into shares of common stock at a conversion price of $6.02 per share

Greenwave to Withdraw Registration Statement on Form S-3

Company to Ring Nasdaq Opening Bell Today, August 10, 2022

Greenwave Reports Record Q2 2022 Revenues and Cashflows from Operations and Announces it Will Open Two New Metal Recycling Facilities Following Listing on Nasdaq

CHESAPEAKE, Va., Aug. 05, 2022 (GLOBE NEWSWIRE) -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (NASDAQ:GWAV), a leading operator of 11 metal recycling facilities in Virginia and North Carolina, today announced that management will participate in an Opening Bell Ceremony at the Nasdaq Stock Market on Wednesday, August 10, 2022. Danny Meeks, Greenwave's Chief Executive Officer, will lead the ceremony alongside members of the Company's Board of Directors, advisors and investors. The Opening Bell Ceremony celebrates Greenwave's recent uplisting to Nasdaq.

Greenwave to Ring Nasdaq Opening Bell

The Company operates 11 metal recycling facilities in Virginia and North Carolina, generating record revenues of $10.70 million during the quarter ended June 30, 2022, and is positioned for rapid expansion The Company operates 11 metal recycling facilities in Virginia and North Carolina, generating record revenues of $10.70 million during the quarter ended June 30, 2022, and is positioned for rapid expansion

Greenwave to Begin Trading on NASDAQ at Market Open on Friday, July 22, 2022

The Company generated $10.70 million in revenue in the second quarter of 2022 and generated positive cashflows from operations for the six months ending June 30, 2022 The Company generated $10.70 million in revenue in the second quarter of 2022 and generated positive cashflows from operations for the six months ending June 30, 2022

Greenwave Generates Record Revenues of $10.70 Million in Q2 2022, an Increase of 56% over Empire's Q2 2021 Revenues

The Company has generated revenues in excess of $10 million during the second quarter of 2022 and expects to generate positive cashflows from operations for the six months ending June 30, 2022 The Company has generated revenues in excess of $10 million during the second quarter of 2022 and expects to generate positive cashflows from operations for the six months ending June 30, 2022

Greenwave Generates Record Revenues in Excess of $10 Million in Q2 2022

The installation of the Company's second automotive shredder and downstream system is on track to be completed in Q3 2022, which is expected to double Greenwave's processing capacity and expand its profit margins The installation of the Company's second automotive shredder and downstream system is on track to be completed in Q3 2022, which is expected to double Greenwave's processing capacity and expand its profit margins

Greenwave Gearing Up for Significant Expansion

The Company expects revenues for the second quarter of 2022 to grow by 40% over Empire's second quarter 2021 revenues and to generate positive cashflows from operations for the six months ending June 30, 2022 The Company expects revenues for the second quarter of 2022 to grow by 40% over Empire's second quarter 2021 revenues and to generate positive cashflows from operations for the six months ending June 30, 2022

Greenwave Expects Q2 2022 Revenues to Grow by 40% over Empire's Q2 2021 Revenues

The Company generated positive cashflows from operating activities and eliminated $44 million in derivative liabilities during the first quarter of 2022 The Company generated positive cashflows from operating activities and eliminated $44 million in derivative liabilities during the first quarter of 2022

Greenwave Reports Record Revenues of $9.92 Million in Q1 2022

The Company expects to submit its application to uplist to a national exchange imminently The Company expects to submit its application to uplist to a national exchange imminently

Greenwave Appoints Three Independent Directors

The Company is currently installing an additional automotive shredder and downstream system which is expected to double its processing capacity The Company is currently installing an additional automotive shredder and downstream system which is expected to double its processing capacity

Greenwave Generates Revenues of $9.7 Million in Q1 2022

The Company has generated record revenue in the first quarter of 2022 and is preparing its formal application to uplist to a national exchange

News for Greenwave Technology Solutions Inc Stock (GWAV)