Greenwave Technology Solutions Inc. reported revenue of USD 11.00 million for the second quarter (Q2) ended June 30, 2025, reflecting an increase of 39.51%. Gross profit for the period was USD 2.11 million, representing a decrease of 7.47%. The company noted a gain on settlement of non-convertible notes and advances of USD 1.01 million for the six months ended June 30, 2025. Interest expenses and amortization of debt discount decreased during the half-year period to USD 2.15 million. The company also reported a reduction in expenses related to shares issued for financing, with no such expense recorded in the first half of 2025. Greenwave Technology Solutions continues to focus on competitive advantages through its processing capacity, technology solutions, and operational synergies across its facilities. The company highlighted recent material agreements entered into during the quarter and noted its ongoing efforts to secure additional financing if required to meet future obligations.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Greenwave Technology Solutions Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-005251), on February 05, 2026, and is solely responsible for the information contained therein.
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