Greenwave Technology Solutions, Inc. Raises Revenue Guidance to $47-$50 Million for FY 2025

Tariffs Expected to Drive 10-20% Revenue Growth on Metal Products with 40-45% Gross Profit Margins

Greenwave Supplies 100% Domestically-Sourced Steel, Aluminum, Copper, and Rare-Earth Metals to Industry Titans

 Company in Active Negotiations with Multiple Entities Seeking Access to its High-Volume Flow of Mill-Ready Metals

CHESAPEAKE, Va., Feb. 4, 2025 /PRNewswire/ — Greenwave Technology Solutions, Inc. (“Greenwave” or the “Company”) (Nasdaq: GWAV), a leader in metal recycling, is raising revenue guidance to $47–$50 million for FY 2025 following President Trump’s announcement of sweeping tariffs on steel, aluminum, and copper imports.

Greenwave supplies 100% domestically-sourced steel, aluminum, copper, and rare-earth metals to industry titans.

The Company is in active negotiations with multiple entities seeking access to its high-volume, mill-ready metal supply.

About Greenwave 
Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) operates 13 metal recycling facilities supplying leading steel mills and industrial partners with domestically-sourced metals. Headquartered in Chesapeake, VA, Greenwave plays a critical role in infrastructure projects and U.S. national security, with operations across Virginia, North Carolina, and Ohio. For more information, visit www.GWAV.com.

For detailed financials and updates, visit www.GWAV.com.

Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about its revenue growth, opening of additional locations, margin expansion and cashflow projections. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, the Company can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Company’s control), assumptions and other factors that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for the Company’s common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the SEC. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

SOURCE Greenwave Technology Solutions