Greenwave Technology Solutions, Inc. Projects $43-$45 Million Revenue in FY 2025 Driven by Market Expansion, Long-Term Contracts and Industry Demand

PR Newswire2024-12-30

Government contracts, including agreements with the U.S. Federal Government, municipalities, and contractors, drive revenue growth Greenwave's customers are industry giants such as Nucor Corporation, ...

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Projects $43-$45 Million Revenue in FY 2025 Driven by Market Expansion, Long-Term Contracts and Industry Demand","media":"PR Newswire","content":"<div>\n<p>Government contracts, including agreements with the U.S. Federal Government, municipalities, and contractors, drive revenue growth\nGreenwave's customers are industry giants such as Nucor Corporation, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/greenwave-technology-solutions-inc-projects-140900933.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Greenwave Technology Solutions, Inc. 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Projects $43-$45 Million Revenue in FY 2025 Driven by Market Expansion, Long-Term Contracts and Industry Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-30 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/greenwave-technology-solutions-inc-projects-140900933.html><strong>PR Newswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Government contracts, including agreements with the U.S. Federal Government, municipalities, and contractors, drive revenue growth\nGreenwave's customers are industry giants such as Nucor Corporation, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/greenwave-technology-solutions-inc-projects-140900933.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GWAV","symbol_name":"Greenwave Technology Solutions Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/greenwave-technology-solutions-inc-projects-140900933.html","article_id":"2495528698","we_media_id":null,"thumbnails":[],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/greenwave-technology-solutions-inc-projects-140900933.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2495528698","pubTimestamp":1735567740,"columns":[{"name":"Data Report","id":30,"label_key":"dataReport"}],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Government contracts, including agreements with the U.S. Federal Government, municipalities, and contractors, drive revenue growth. Greenwave's customersare industry giants such as Nucor Corporation, Sims Limited, Cleveland-Cliffs, Inc., and Georgia-Pacific. Expansion of Scrap App and hurricane recovery contracts position Greenwave for continued growth and leadership. Over500,000 GWAV shares purchasedby insiders in December 2024. CHESAPEAKE, Va., Dec. 30, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc.  , a leading metal recycler in Virginia, North Carolina, and Ohio, today released revenue guidance of $43-$45 million for fiscal year 2025.Domestic Market Expansion: Domestic sales projected to rise from 41% to 75% in 2025, up from 41%, fueled by anticipated tariffs and trade policies. This greatly reduces the transportation costs of its product – significantly increasing margins and free cashflow.Exclusive Licenses: Greenwave's portfolio operational licenses, often protected b","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GWAV":"Greenwave Technology Solutions Inc."},"translate_title":"Greenwave Technology Solutions，Inc.预计在市场扩张、长期合同和行业需求的推动下，2025财年的收入为43-4500万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GWAV":0.9},"content_text":"Government contracts, including agreements with the U.S. Federal Government, municipalities, and contractors, drive revenue growth\nGreenwave's customers are industry giants such as Nucor Corporation, Sims Limited, Cleveland-Cliffs, Inc., and Georgia-Pacific\nExpansion of Scrap App and hurricane recovery contracts position Greenwave for continued growth and leadership\nOver 500,000 GWAV shares purchased by insiders in December 2024\nCHESAPEAKE, Va., Dec. 30, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) (\"Greenwave\" or the \"Company\"), a leading metal recycler in Virginia, North Carolina, and Ohio, today released revenue guidance of $43-$45 million for fiscal year 2025.\n\n  \n\nMarket-Leading Position and Growth Catalysts:\n\nKey Customers: Sims Metal Management alone contributes approximately $20M in scrap metal purchases annually from Greenwave.\nHurricane Helene Recovery Efforts: Contract valued at $15-$35M through March 2026, with Core Tree Care related to a prime contract awarded by the U.S. Army Corps of Engineers.\nSteel Industry Shift: Rising demand for high-quality recycled metal, driven by U.S. steel producers targeting 97% recycled material and consolidation across the sector to meet a 16 million tons capacity increase (1)(2)(3).\nDomestic Market Expansion: Domestic sales projected to rise from 41% to 75% in 2025, up from 41%, fueled by anticipated tariffs and trade policies. This greatly reduces the transportation costs of its product – significantly increasing margins and free cashflow.\nExclusive Licenses: Greenwave's portfolio operational licenses, often protected by grandfathered municipal codes, provide significant barriers to entry to competitors in Greenwave's tightly regulated markets.\n\nCutting-Edge Technology and Resources:\n\nTech Platform Expansion: Scrap App rollout to top 25 U.S. markets in 2025; comparable platforms generated $130.7M in FY 2024 (4).\nRare-Earth Minerals Extraction: Leveraging geopolitical events, including China's December 2024 export ban, to profit from domestic extraction of critical materials like gallium, germanium, and antimony (5).\nStrategic Location Advantages: Proximity to Naval Station Norfolk, Port of Virginia, and key industrial regions ensures consistent access to high-grade scrap.\n\nFinancial Strength:\n\nRobust Balance Sheet: $69.58M in assets, $51.27M in shareholder equity (as of September 2024).\nDe-risked Operations: Company reduced total liabilities by $32.56M, or 64%, during the first nine months of 2024.\nScalable Business Model: An industry-leading American Pulverizer 60x85 shredder and thirteen facilities supplying high-demand recycled metals.\n\nPositioned for Sustained Growth:\nGreenwave is primed to capitalize on surging regional infrastructure investment, growing domestic market demand for a finite supply of recycled metal, and the rapid consolidation of the scrap metal industry. Its strategic initiatives, combined with over $30 million in industry-leading equipment, position the Company to rapidly grow its revenues and create shareholder value in FY 2025. \n(1) https://ionanalytics.com/insights/mergermarket/trash-to-treasure/\n(2) https://assets.ctfassets.net/aax1cfbwhqog/1B2AplzfIpH2aiSws0qoNf/db895286e45c8b18e21b1f7e2496ea8d/NSLexington_Event_Fact_Sheet_4.6.22.pdf\n(3) https://www.clevelandcliffs.com/sustainability/environment\n(4) https://rocketreach.co/peddle-profile_b5ebd76df42e85ca\n(5) https://www.reuters.com/markets/commodities/china-bans-exports-gallium-germanium-antimony-us-2024-12-03/\nAbout Greenwave – One of the Mid Atlantic's Leading Metal Recyclers\nAs an operator of 13 metal recycling facilities, Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) supplies leading steel mills and industrial conglomerates with ferrous and non-ferrous metal. With steel being one of the most recycled materials worldwide, Greenwave supplies the raw metal utilized in critical infrastructure projects and U.S. warships vital to American national security interests. Headquartered in Chesapeake, VA, the Company has 167 employees with metal recycling operations across Virginia, North Carolina, and Ohio.\nFor detailed financials and updates, visit www.GWAV.com.\nForward-looking StatementsThis press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about its revenue growth, opening of additional locations, margin expansion and cashflow projections. These statements are identified by the use of the words \"could,\" \"believe,\" \"anticipate,\" \"intend,\" \"estimate,\" \"expect,\" \"may,\" \"continue,\" \"predict,\" \"potential,\" \"project\" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, the Company can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Company's control), assumptions and other factors that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for the Company's common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the SEC. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.\n View original content to download multimedia:https://www.prnewswire.com/news-releases/greenwave-technology-solutions-inc-projects-43-45-million-revenue-in-fy-2025-driven-by-market-expansion-long-term-contracts-and-industry-demand-302340182.html\nSOURCE Greenwave Technology Solutions","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2495528698"}