See more : St. Galler Kantonalbank AG (0QQZ.L) 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 |
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") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina,...
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, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or...
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 Create Efficiencies as it Continues to Capture Market Share CHESAPEAKE, Va....
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. 24, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or...
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. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of...
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 Products CHESAPEAKE, Va. , Jan. 19, 2024 /PRNewswire/ -- Greenwave Technology...
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 Create Efficiencies as it Captures Market Share CHESAPEAKE, Va. , Dec. 19,...
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 Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling...
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, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in...
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 Scrap App into the leading technology platform for...
Source: https://incomestatements.info
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