Greenwave Technology Solutions, Inc. Raises Revenue Guidance to $47-$50 Million for FY 2025
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Greenwave Technology Solutions, Inc. has raised its revenue guidance to $47-$50 million for FY 2025, driven by expected 10-20% revenue growth due to tariffs on metal imports. The company supplies 100% domestically-sourced metals and is in negotiations with multiple entities.
February 04, 2025 | 1:30 pm
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Greenwave Technology Solutions has increased its revenue guidance for FY 2025 to $47-$50 million, anticipating 10-20% growth due to tariffs on metal imports. The company benefits from supplying domestically-sourced metals.
The increase in revenue guidance is directly linked to the new tariffs on metal imports, which are expected to boost Greenwave's sales by 10-20%. The company's focus on domestically-sourced metals positions it well to capitalize on these tariffs, likely leading to a positive short-term impact on its stock price.
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