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

Core Insights - Greenwave Technology Solutions, Inc. is raising its revenue guidance for FY 2025 to $47–$50 million due to anticipated revenue growth driven by tariffs on steel, aluminum, and copper imports, which are expected to result in a 10-20% increase in revenue and gross profit margins of 40-45% [1] Group 1: Company Overview - Greenwave operates 13 metal recycling facilities and supplies 100% domestically-sourced steel, aluminum, copper, and rare-earth metals to major industrial partners [2][3] - The company plays a critical role in infrastructure projects and U.S. national security, with operations located in Virginia, North Carolina, and Ohio [3] Group 2: Market Position and Negotiations - Greenwave is currently in active negotiations with multiple entities seeking access to its high-volume, mill-ready metal supply [2] - The company’s focus on domestic sourcing positions it favorably in the current market environment influenced by tariffs [1][2]