GWAV Earnings — Greenwave Technology Solutions, Inc. Common Stock Post-ER Performance | BigEarnings
GWAV — Greenwave Technology Solutions, Inc. Common Stock
XNAS
Price$4.84
Market Cap$3.9M
P/E—
52W Range$2.39 – $24.00
About Greenwave Technology Solutions, Inc. Common Stock
Greenwave Technology Solutions Inc through its subsidiary, is an operator of several metal recycling facilities in Virginia, Ohio, & North Carolina. At these facilities, the company collects, classifies, & processes appliances, construction materials, end-of-life vehicles, boats, & industrial machinery. The company processes these items by crushing, shearing, shredding, separating, & sorting into smaller pieces & categorizes these recycled ferrous, nonferrous, & mixed metal pieces based on density & metal type before sale. For scrap cars, it removes the catalytic converters, aluminum wheels, & batteries for separate processing & sale before shredding the vehicle. The company is organized into three operating segments: Scrap Metal Recycling, Hauling, & Other (comprised of rental income).
🤖 AI Earnings Analysis
Nasdaq delisting risk dominates the story: Greenwave remains a distressed metal recycling operator after the Empire acquisition, despite revenue jumping to **$16M** from $11M. The **-52.7%** margin and **$18M** operating loss show the growth is still deeply unprofitable and weak.
