Filing Flows › Greenwave Technology Solutions (GWAV) › Q4 2024
Greenwave Technology Solutions (GWAV) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 15, 2025
Greenwave Technology Solutions (GWAV) reported revenue of $8.4M for the fourth quarter 2024 (Q4 2024), -7% from a year earlier and -1% from the quarter before. Operating margin was -214.3%, net loss $18.4M (218.2% of revenue).
Greenwave Technology Solutions, Q4 2024: revenue $8.4M (-7% year over year), operating margin -214.3%, net loss $18.4M, operating cash flow −$2.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.4M | -1% | -7% |
| Operating profit | −$18.1M | — | — |
| Net earnings | −$18.4M | — | — |
| Operating cash flow | −$2.5M | — | — |
What changed
Revenue was $8.4M in Q4 2024, down 7% year over year and down 1% from the previous quarter.
Gross margin was 46.2%, up 7.2 points from a year earlier. Operating costs exceeded revenue by $18.1M, an operating margin of -214.3%. Operating expenses grew 297% against a revenue fall of 7%. The quarter ended with a net loss of $18.4M, wider than the previous quarter's $4.8M loss.
Operating cash flow was −$2.5M. Non-cash charges added back $2.1M of depreciation and amortization and $761K of share-based compensation. Working capital and other items added $13.0M.
Questions
What was Greenwave Technology Solutions' revenue in the fourth quarter 2024?
Greenwave Technology Solutions (GWAV) reported revenue of $8.4M for the fourth quarter 2024 (Q4 2024), -7% from a year earlier and -1% from the quarter before.
Was Greenwave Technology Solutions profitable in the fourth quarter 2024?
Operating loss was $18.1M (-214.3% of revenue) and net loss $18.4M.