Welcome to our dedicated page for DEEP GREEN WASTE news (Ticker: DGWR), a resource for investors and traders seeking the latest updates and insights on DEEP GREEN WASTE stock.
DEEP GREEN Waste & Recycling Inc. is a full-service waste & recycling provider offering customized programs for a wide range of clients, from individual proprietors to large-scale malls and commercial properties. With a commitment to flexibility and tailored solutions, DEEP GREEN aims to be a one-stop-shop for waste management needs. Whether servicing tenants directly or providing consolidated billing to property managers, the company prides itself on its comprehensive approach to waste management.
DEEP GREEN Waste & Recycling Inc. has experienced significant revenue growth, with a 155% increase in gross profit margins in recent years. The company's dedication to innovation and customer service positions it as a leader in the waste management industry, catering to diverse client needs and delivering sustainable solutions.
DEEP GREEN Waste & Recycling Inc. (OTCQB: DGWR) reported strong financial results for Q2 2024. Key highlights include:
- Revenue increased 87% to $653,354 for the six months ended June 30, 2024
- Gross profit nearly doubled to $508,579, up 97% year-over-year
- Operating loss decreased to $255,777 from $1,115,401 in 2023
- Net loss improved to $42,700 from $1,273,589 in the prior year period
The company completed the sale of its AMWASTE subsidiary for $175,000, implemented a Gross Profit Incentive Plan, and reduced outstanding debt by $178,591. DEEP GREEN is focusing on expanding asbestos and radon remediation services, with strong growth in Nashville, and evaluating strategic acquisition opportunities.
DEEP GREEN Waste & Recycling Inc. (OTCQB: DGWR) has released a new podcast discussing its impressive Q1 2024 financial results. The company reported 191% year-over-year revenue growth and a 252% increase in gross profit, driven by strong organic growth in its Asbestos Remediation channel. CEO Bill Edmonds highlighted the successful sale of subsidiary AMWASTE, which generated maximum cash in Q1 2024.
President David Bradford called it the best first quarter ever for the company, building on the momentum from a record-setting 2023. DEEP GREEN plans to accelerate geographic expansion across the Southeastern United States and add complementary environmental remediation services. The company is actively seeking strategic acquisition opportunities to further penetrate the $109 billion environmental services market.
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