shutterstock_637273330.jpg

SCRAP IS THE NEW
PRECIOUS METAL

We’re at an Inflection Point in Greenwave's Growth

Through our subsidiary, Empire Services, Inc. ("Empire") we operate 11 metal recycling facilities in Virginia and North Carolina which generated $10.70 million in revenue during Q2 2022, an increase of 56% over the revenues Empire generated in Q2 2021. 

We plan to aggressively expand our footprint of locations by rolling up independent, profitable scrap yards in the coming months.

Greenwave Location Footprint

(as of July 2022)

Greenwave Map.png

Uplisted to NASDAQ

Significantly Strengthened Balance Sheet

On July 22, 2022, Greenwave uplisted to NASDAQ causing $37,714,966 in convertible debt, together with $1,470,844 in accrued interest, to be converted into shares of common stock at a conversion price of $6.02/share.

 

All of the Company’s convertible debt was converted into shares of common stock and the price protection provision in the warrants expired as a result of the Nasdaq listing.

OPTIMAL METAL MARKET CONDITIONS

We expect there will continue to be a strong market for recycled metals for the foreseeable future driven by:

  • Robust domestic and international demand;

  • Inflationary pressures; and

  • The recent passage of the Infrastructure Investment and Jobs Act.

​We believe this supply/demand imbalance for recycled steel and other metals will create optimal market conditions for Greenwave for the foreseeable future.

 PRICE OF COPPER (COMEX)

Screen Shot 2022-08-20 at 12.07.03 PM.png
operations.jpg

UTILIZING TECHNOLOGY TO OPTIMIZE OPERATIONS

We have recently implemented several technologies to increase metal processing volumes and operating efficiencies, including a cloud-based ERP system to manage inventories and operations along with a website with live metal prices for each location.

We believe that these systems will create a solid foundation on which we can rapidly expand our facilities and scale our operations.

2022 OUTLOOK

Greenwave's management has set aggressive revenue goals for the coming quarters as we begin rolling up independent, profitable metal recycling facilities. 

The Company is currently installing a second automotive shredder and downstream system, which are expected to double Empire’s capacity and significantly increase its profit margins. 

With a significantly improved balance sheet and clean capitalization table, we believe Greenwave is poised to create significant shareholder value as our second automotive shredder and downstream processing system come online, along with the opening of our 12th and 13th locations over the next 6 weeks.

Screen Shot 2021-12-19 at 4.37.20 PM.png
shutterstock_1666279852.jpg

Significant Environmental Benefits

STEEL IS ONE OF THE WORLD'S MOST RECYCLED MATERIALS

Unlike plastics and other materials, steel is able to be melted and re-cast countless times as it has no structural memory.

Recycling steel, rather than using virgin materials, cuts CO2 emissions by approximately 75% while utilizing approximately 70% less energy.

Currently, two out of every three tons of steel produced comes from recycling, up from one out of every ten tons in 1980. 

shutterstock_621375611.jpg

Greenwave by the Numbers

11

Locations and Growing

$37.7M

CAPITAL RAISE

IN NOV 2021

$27.97M

Revenue for First

Nine Months of 2022

89

Employees

Time-Tested Relationships

Our
Partners

We have meaningful business relationships with many of the leading companies in the metal recycling industry, some of which have been building for nearly 20 years.

Sims Logo.png
Nucor steel.png
Domestic Fuels Logo.png
techemet logo.jpeg

Press Releases

We believe consistent, honest communication with our shareholders is critical to our success.

Greenwave to Present at Dawson James Small Cap Growth Conference Today at 11:30am ET

October 12, 2022

Greenwave's Chairman and Chief Executive Officer, Danny Meeks, will be presenting at the Dawson James 7th Annual Small Cap Growth Conference this morning, October 12, 2022, at 11:30am ET.