Greenwave Technology Solutions Sees Revenues Exceeding $40M On Record Volumes Of Steel And Copper Processing
Portfolio Pulse from Benzinga Newsdesk
Greenwave Technology Solutions, Inc. (GWAV) anticipates revenues exceeding $40M for the year ended December 31, 2024, driven by record volumes of steel and copper processing at its Cleveland, OH, and Virginia Beach, VA locations. The company expects positive EBITDA and cashflows following the commencement of its second American Pulverizer 60x85 shredder. CEO Danny Meeks highlights the strengthened balance sheet and infrastructure investments as key to future growth and shareholder value.
May 09, 2024 | 1:22 pm
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Greenwave Technology Solutions expects over $40M in revenues for 2024, driven by its operations in OH and VA, with positive EBITDA and cashflows anticipated post-new shredder operations.
The anticipation of exceeding $40 million in revenues due to high processing volumes of steel and copper, along with the expected positive EBITDA and cashflows from the new shredder, are strong indicators of financial health and operational efficiency. These factors are likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
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IMPORTANCE 90
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