Greenwave Technology Solutions Generates More Than $9M Revenue In Q4 2023; Expects To Significantly Grow Revenues In FY24
Portfolio Pulse from Benzinga Newsdesk
Greenwave Technology Solutions, Inc. (GWAV) reported over $9M in revenue for Q4 2023, marking a 10% increase from Q3 2023. The company, which operates metal recycling facilities, expects significant revenue growth in FY 2024 following recent capital investments in equipment and technology to improve operations and margins. These developments come after the commencement of new processing equipment at its Virginia facility.
January 22, 2024 | 5:34 pm
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Greenwave Technology Solutions (GWAV) reported a successful Q4 2023 with revenues exceeding $9M and anticipates significant growth in FY 2024 due to recent capital investments in processing equipment and technology.
The positive revenue report for Q4 2023 and the optimistic outlook for FY 2024, backed by recent investments in equipment and technology, are likely to be viewed favorably by investors. This could lead to increased investor confidence and a potential rise in GWAV's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100