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Greenwave Technology Solutions, Inc.

Greenwave Technology Solutions, Inc.

NASDAQ•GWAV
CEO: Mr. Danny Meeks
Sector: Industrials
Industry: Waste Management
Listing Date: 2015-04-09
Greenwave Technology Solutions, Inc., through its subsidiary, Empire Services, Inc., operates metal recycling facilities in Virginia, North Carolina, and Ohio. The company recycling facilities collect, classify, and process raw scrap metals, including ferrous and nonferrous. It is also involved in the purchase and sale of scrap metals; and operation of automotive shredders. In addition, the company process aluminum, copper, stainless steel, nickel, brass, titanium, lead, alloys, and mixed metal products; and sells catalytic converters recovered from end-of-life vehicles to processors that extracts nonferrous precious metals comprising platinum, palladium, and rhodium. It serves large corporations, industrial manufacturers, retail customers, and government organizations. The company was formerly known as MassRoots, Inc and changed its name to Greenwave Technology Solutions, Inc. in October 2021. Greenwave Technology Solutions, Inc. was founded in 2002 and is headquartered in Chesapeake, Virginia.
Contact Information
4016 Raintree Road, Suite 300, Chesapeake, VA, 23321, United States
800-490-5020
www.gwav.com
Market Cap
$6.64M
P/E (TTM)
-0.2
361.5
Dividend Yield
--
52W High
$90.86
52W Low
$4.25
52W Range
4%
Rank59Top 76.7%
2.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q1 2025 Data

Revenue

$7.33M-13.77%
4-Quarter Trend

EPS

-$17.85-69.21%
4-Quarter Trend

FCF

-$4.37M+26.33%
4-Quarter Trend

2025 Q1 Earnings Highlights

Key Highlights

Gross Profit Increased Gross Profit reached $3.49M, showing a $222K increase (+6.81%) due to better hauling margins.
Net Loss Significantly Reduced Net Loss available to common stockholders was $(7.67M), a reduction of $25.80M compared to prior period.
Cash Position Strengthened Cash balance grew to $5.50M as of March 31, 2025, nearly doubling from year-end 2024 levels.
Financing Inflow Provided Capital Net cash provided by financing activities was $7.15M, primarily from common stock and warrant proceeds.

Risk Factors

Operating Cash Burn Worsened Net cash used in operating activities increased to $(4.16M) versus $(3.46M) in the prior year period.
Disclosure Controls Ineffective Management concluded disclosure controls were not effective as of March 31, 2025, requiring timely reporting adjustments.
Working Capital Deficit Persists Working capital deficit reached $(7.48M) as current liabilities exceeded current assets, raising going concern doubt.
Payroll Tax Liabilities Owed Company owes $3.95M in delinquent payroll tax liabilities, including penalties, dating back to 2016 filings.

Outlook

Recent Financing Closed January Company raised approximately $4.0M USD in January 2025 through a registered direct offering and warrants.
Major Reverse Stock Split Executed 1-for-110 reverse stock split in August 2025 to address minimum bid price listing requirements.
Executive Leadership Changes CFO terminated and a director resigned in April 2025, subsequent to the reporting period end.
Nasdaq Compliance Achieved Regained minimum bid price compliance in September 2025, successfully closing the previously disclosed listing matter.

Peer Comparison

Revenue (TTM)

Frontier Group Holdings, Inc.ULCC
$3.73B
+1.8%
Enviri CorporationNVRI
$2.24B
-3.0%
Astec Industries, Inc.ASTE
$1.37B
+6.7%

Gross Margin (Latest Quarter)

Pursuit Attractions and Hospitality, Inc.PRSU
92.4%
+0.7pp
Global Ship Lease, Inc.GSL
54.4%
-1.1pp
Frontier Group Holdings, Inc.ULCC
45.4%
+18.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
NVRI$1.46B-9.3-37.5%59.4%
ULCC$1.33B-9.8-25.7%75.1%
GSL$1.28B3.225.9%28.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-2.4%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Reports
All Years

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Nov 19, 2025|
    Revenue: $7.33M-13.8%
    |
    EPS: $-17.85-69.2%
    N/A

  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 30, 2025|
    Revenue: $33.32M-6.6%
    |
    EPS: $-8.47+97.8%
    N/A

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 15, 2025|Refer to amended data

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 15, 2024|
    Revenue: $8.51M+4.0%
    |
    EPS: $-0.26-85.2%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 19, 2024|
    Revenue: $7.88M-16.3%
    |
    EPS: $-8.38-72.3%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 20, 2024|
    Revenue: $8.50M-6.0%
    |
    EPS: $-57.98+7.6%
    N/A

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 16, 2024|
    Revenue: $35.67M+5.0%
    |
    EPS: $-385.81-3873.3%
    N/A

  • Form 10-Q - Q3 2023

    Period End: Sep 30, 2023|Filed: Nov 14, 2023|
    Revenue: $8.18M+11.4%
    |
    EPS: $-1.75-99.7%
    N/A