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Greenwave CEO Danny Meeks Waives Quarterly Bonuses for Fiscal Year 2023
January 20, 2023
Greenwave’s Chief Executive Officer Danny Meeks has agreed to waive his quarterly bonuses due under his employment agreement for fiscal year 2023. This waiver is expected to reduce operating expenses and improve free cash flow by approximately $1 million.
Greenwave Operating Metal Processing Facility in Chesapeake, VA
January 13, 2023
Greenwave expects its profit margins on the metal processed through its Chesapeake facility will increase by 20-25% as a result of the Company preparing metal for steel mills, stripping wire and non-ferrous metals, and cutting metals to the proper size for shipping both international and domestic
Greenwave Reports Record Q2 2022 Revenues and Cashflows from Operations and Announces it Will Open Two New Metal Recycling Facilities Following Listing on Nasdaq
August 10, 2022
Company to Ring Nasdaq Opening Bell on August 10, 2022. The Company filed its Quarterly Report on Form 10-Q for the Second Quarter of 2022, reporting record revenues of $10.70 million and cashflows from operations of $566,238 for the 6 months ended June 30, 2022
Greenwave Expects Q2 2022 Revenues to Grow by 40% over Empire’s Q2 2021 Revenues
June 7, 2022
The Company expects revenues for the second quarter of 2022 to grow by 40% over Empire’s second quarter 2021 revenues and to generate positive cashflows from operations for the six months ending June 30, 2022
MassRoots Issues Update on its Planned Acquisition of Empire Services, Inc., Which is Continuing its Expansion
July 6, 2021
MassRoots, Inc. recently entered into a Letter of Intent to acquire Empire Services, Inc., which is expected to result in MassRoots generating significant revenues and positive cashflows from operations