See more : Shelter Acquisition Corporation I (SHQAU) Income Statement Analysis – Financial Results
Complete financial analysis of Greenwave Technology Solutions, Inc. (GWAV) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Greenwave Technology Solutions, Inc., a leading company in the Waste Management industry within the Industrials sector.
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Greenwave Technology Solutions, Inc. (GWAV)
About Greenwave Technology Solutions, Inc.
Greenwave Technology Solutions, Inc., through its subsidiary, Empire Services, Inc., operates metal recycling facilities in Virginia 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 Technology Solutions, Inc. in October 2021. The company was founded in 2002 and is headquartered in Suffolk, Virginia.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 35.67M | 33.98M | 8.10M | 6.96K | 23.70K | 19.60K | 319.24K | 701.58K | 213.96K | 9.03K | 705.00 |
| Cost of Revenue | 21.18M | 21.54M | 5.24M | 1.28K | 3.53K | 994.00 | 630.00 | 180.43K | 57.61K | 690.00 | 0.00 |
| Gross Profit | 14.48M | 12.44M | 2.86M | 5.68K | 20.17K | 18.60K | 318.61K | 521.15K | 156.35K | 8.34K | 705.00 |
| Gross Profit Ratio | 40.61% | 36.61% | 35.31% | 81.58% | 85.11% | 94.93% | 99.80% | 74.28% | 73.07% | 92.36% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 14.65M | 13.30M | 4.35M | 1.11M | 2.84M | 11.09M | 30.38M | 13.14M | 5.56M | 1.43M | 1.29M |
| Selling & Marketing | 414.19K | 83.99K | 33.60K | 58.96K | 29.76K | 501.45K | 960.24K | 985.34K | 717.77K | 180.78K | 93.55K |
| SG&A | 15.07M | 13.38M | 4.38M | 1.17M | 2.87M | 11.59M | 31.34M | 14.12M | 6.28M | 1.43M | 1.38M |
| Other Expenses | 18.93M | 9.94M | 1.40M | 162.11M | 38.55K | 1.71M | 1.99M | 9,493.31B | 0.00 | 1.80K | 0.00 |
| Operating Expenses | 31.10M | 23.32M | 5.79M | 1.17M | 2.91M | 13.30M | 33.33M | 14.12M | 6.28M | 1.43M | 1.38M |
| Cost & Expenses | 55.18M | 44.86M | 11.03M | 1.17M | 2.91M | 13.30M | 33.33M | 14.30M | 6.34M | 1.43M | 1.38M |
| Interest Income | 0.00 | 34.08M | 10.56M | 5.14M | 4.94M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 8.90M | 34.08M | 10.56M | 5.14M | 4.94M | 1.97M | 659.77K | 3.85M | 4.38K | 8.32K | 0.00 |
| Depreciation & Amortization | 7.46M | 6.45M | 1.28M | 6.73K | 45.28K | 443.06K | 416.25K | 19.45K | 10.17K | 1.80K | 342.00 |
| EBITDA | -10.58M | 5.49M | 10.21M | -9.57M | -29.29M | -13.60M | -43.31M | -14.16M | -8.35M | -2.36M | -918.90K |
| EBITDA Ratio | -29.67% | -11.43% | 2,229.15% | 2,311,100.00% | -38,106.83% | -65,493.39% | -10,208.78% | -1,936.05% | -2,857.94% | -15,761.09% | -195,509.65% |
| Operating Income | -19.51M | -10.88M | 179.23M | -1.16M | -2.89M | -13.88M | -36.80M | -13.60M | -6.13M | -1.61M | -1.38M |
| Operating Income Ratio | -54.71% | -32.03% | 2,213.29% | -16,660.12% | -12,186.73% | -70,850.21% | -11,528.55% | -1,938.82% | -2,862.69% | -17,798.70% | -195,558.16% |
| Total Other Income/Expenses | -7.42M | -24.16M | 1.30M | -13.55M | -31.38M | -2.13M | -7.59M | -4.43M | -2.35M | -828.92K | 0.00 |
| Income Before Tax | -26.94M | -35.04M | -1.63M | -14.71M | -34.27M | -16.02M | -44.39M | -18.03M | -8.47M | -2.44M | -1.38M |
| Income Before Tax Ratio | -75.52% | -103.13% | -20.16% | -211,235.78% | -144,576.26% | -81,729.05% | -13,904.68% | -2,569.93% | -3,959.98% | -26,978.32% | -195,558.16% |
| Income Tax Expense | 0.00 | 28.82M | 192.72M | 5.14M | -1.25M | 1.20M | 659.77K | 3.85M | 4.38K | 8.32K | 0.00 |
| Net Income | -26.94M | -63.86M | -194.35M | -19.85M | -33.02M | -16.02M | -44.39M | -18.03M | -8.47M | -2.44M | -1.38M |
| Net Income Ratio | -75.52% | -187.94% | -2,400.02% | -285,034.19% | -139,287.26% | -81,729.05% | -13,904.68% | -2,569.93% | -3,959.98% | -26,978.32% | -195,558.16% |
| EPS | -385.81 | -1.46K | -3.78K | -640.03 | -2.58K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS Diluted | -385.81 | -1.46K | -3.56K | -640.03 | -2.58K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Weighted Avg Shares Out | 87.08K | 43.84K | 51.41K | 31.01K | 12.82K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Weighted Avg Shares Out (Dil) | 87.08K | 43.85K | 54.66K | 31.01K | 12.82K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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Why Is Greenwave Technology Solutions (GWAV) Stock Down 47% Today?
Greenwave Technology Solutions (NASDAQ: GWAV ) stock is taking a beating on Tuesday after the metal recycling company announced a direct offering and private placement. Greenwave Technology Solutions has entered into a securities purchase agreement with certain institutional and accredited investors.
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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 capital infusion CHESAPEAKE, Va., April 23, 2024...
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Greenwave Technology Solutions Strengthens Balance Sheet by Approximately $14.87 Million
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Why Is Greenwave Tech Solutions (GWAV) Stock Down 53% Today?
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Greenwave Technology Solutions Successfully Restructures Debt to Facilitate Continued Growth
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Greenwave Technology Solutions' Scrap App Expands to Richmond, VA Market as it Continues to Capture Market Share
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Source: https://incomestatements.info
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