Greenwave Technology Solutions, Inc.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Danny Meeks
- Full Time Employees
- 180
- Sector
- Industrials
- Industry
- Waste Management
- Address
- 277 Suburban Drive Chesapeake VA United States of America 23434
- IPO Date
- Apr 9, 2015
- CIK
- 0001589149
- Similar Companies
- Business
- Greenwave Technology Solutions, Inc. operates as a leading metal recycling company primarily through its wholly owned subsidiary, Empire Services, Inc. Founded in 2002 and headquartered in Chesapeake, Virginia, the company specializes in the collection, classification, and processing of ferrous and nonferrous scrap metals. Its core products and services comprise scrap metal recycling, hauling, and downstream processing of appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. The product portfolio includes ferrous metals such as heavy melting steel, plate, structural, and shredded scrap, alongside nonferrous metals like aluminum, copper, stainless steel, nickel, brass, titanium, and lead. Greenwave also sells catalytic converters recovered from end-of-life vehicles, supplying processors that extract precious nonferrous metals including platinum, palladium, and rhodium. The company operates a network of 11 metal recycling facilities across Virginia, North Carolina, and Ohio, focusing on serving industrial, commercial, and government customers. Greenwave supports critical regional infrastructure and sustainability initiatives by providing high-demand recycled metals for steel production and other uses. Recent major changes include a successful recapitalization that strengthened the balance sheet by over $80 million, secured new capital infusions of $45.3 million, and improved liquidity with a cash balance exceeding $26 million. Greenwave also completed a reverse stock split to retain Nasdaq compliance and executed a $10 million debt conversion into equity by the CEO to strengthen financial position. Operationally, the company is expanding its shredding capacity with an industry-leading American Pulverizer shredder connected ahead of schedule and was awarded a substantial $15–$35 million contract with Core Tree Care for hurricane recovery services under a U.S. Army Corps of Engineers prime contract. Furthermore, its downstream processing systems have started generating significant monthly revenue with high margins, contributing to forecasted revenue growth projected at $43-$45 million for FY 2025. Greenwave Technology Solutions continues to leverage technological adoption in the scrap metal industry, including the integration of artificial intelligence to optimize operations and enhance competitive advantage. The company positions itself strategically for sustained growth by capitalizing on regional infrastructure investments, a finite supply of recycled metals, and consolidation trends in the scrap metal sector. It targets industries requiring sustainable metal sourcing and recycling services across the U.S. East Coast, reinforcing its role as a key player in environmental and commercial recycling services. This comprehensive operational and strategic profile establishes Greenwave Technology Solutions, Inc. as a critical participant in the metal recycling and environmental services industry with a strong financial foundation, expanding infrastructure, and technology-driven growth initiatives.
Greenwave Announces Receipt of Additional Delinquency Notice from Nasdaq
Greenwave Announces Receipt of Additional Delinquency Notice from Nasdaq
Greenwave Announces Receipt of Non-Compliance Notice from Nasdaq
Greenwave Announces Receipt of Non-Compliance Notice from Nasdaq
Greenwave Announces Appointment of Chelsea Pullano as Chief Financial Officer
Greenwave Technology Solutions (NASDAQ:GWAV) Shares Down 12% – Should You Sell?
Greenwave Announces Receipt of a Staff Determination Letter from Nasdaq and That it Will Seek a Hearing & Continued Listing
Greenwave Announces Receipt of Additional Delinquency Notice from Nasdaq
Greenwave Announces Reverse Stock Split to Regain Nasdaq Compliance
Greenwave's Margins Expand as Scrap Metal Prices Surge Ahead of Steel and Aluminum Import Tariffs Taking Effect March 12, 2025
Greenwave Technology Solutions, Inc. Chief Executive Officer Danny Meeks to be Interviewed on Fox Business Network's Varney & Co. Today
Greenwave Technology Solutions, Inc. Selects GreenSpark as Operating System to Drive Rapid Growth
Greenwave Technology Solutions, Inc. Underscores Commitment to Growth and Shareholder Value
BNN Bloomberg Interviews Greenwave Technology Solutions, Inc. Chief Executive Officer Danny Meeks
Greenwave Technology Solutions, Inc. Chief Executive Officer Danny Meeks to be Interviewed on BNN Bloomberg at 3:05pm EST Today
Greenwave Technology Solutions, Inc. Covered by S&P Global Commodity Insights
Greenwave Technology Solutions, Inc. Preparing for Massive Demand Influx Amid 25% Tariffs on Steel and Aluminum Without Exceptions or Exemptions
Greenwave Technology Solutions, Inc.'s Scrap Metal Inventories Estimated to Surpass $6 Million as Prices Surge, Poised for Further Gains
Greenwave's Scrap App Adopted by a Leading U.S. Junk Car Buyer, Powering Expansion to 27 New Markets
Greenwave Technology Solutions, Inc. Raises Revenue Guidance to $47-$50 Million for FY 2025