Greenwave Technology Solutions (GWAV) Guides FY25 Revenue of $43M-$45M

Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) today released revenue guidance of $43-$45 million for fiscal year 2025.

Market-Leading Position and Growth Catalysts:

1. Key Customers: Sims Metal Management alone contributes approximately $20M in scrap metal purchases annually from Greenwave.
2. Hurricane Helene Recovery Efforts: Contract valued at $15-$35M through March 2026, with Core Tree Care related to a prime contract awarded by the U.S. Army Corps of Engineers.
3. Steel Industry Shift: Rising demand for high-quality recycled metal, driven by U.S. steel producers targeting 97% recycled material and consolidation across the sector to meet a 16 million tons capacity increase _(1)(2)(3).
4. Domestic Market Expansion: Domestic sales projected to rise from 41% to 75% in 2025, up from 41%, fueled by anticipated tariffs and trade policies. This greatly reduces the transportation costs of its product – significantly increasing margins and free cashflow.
5. Exclusive Licenses: Greenwave's portfolio operational licenses, often protected by grandfathered municipal codes, provide significant barriers to entry to competitors in Greenwave's tightly regulated markets.

Cutting-Edge Technology and Resources:

• Tech Platform Expansion: Scrap App rollout to top 25 U.S. markets in 2025; comparable platforms generated $130.7M in FY 2024 _(4).
• Rare-Earth Minerals Extraction: Leveraging geopolitical events, including China's December 2024 export ban, to profit from domestic extraction of critical materials like gallium, germanium, and antimony _(5).
• Strategic Location Advantages: Proximity to Naval Station Norfolk, Port of Virginia, and key industrial regions ensures consistent access to high-grade scrap.

Financial Strength:

• Robust Balance Sheet: $69.58M in assets, $51.27M in shareholder equity (as of September 2024).
• De-risked Operations: Company reduced total liabilities by $32.56M, or 64%, during the first nine months of 2024.
• Scalable Business Model: An industry-leading American Pulverizer 60x85 shredder and thirteen facilities supplying high-demand recycled metals.

Positioned for Sustained Growth:

Greenwave is primed to capitalize on surging regional infrastructure investment, growing domestic market demand for a finite supply of recycled metal, and the rapid consolidation of the scrap metal industry. Its strategic initiatives, combined with over $30 million in industry-leading equipment, position the Company to rapidly grow its revenues and create shareholder value in FY 2025.

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