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DEEP GREEN Waste & Recycling Inc. (DGWR) announces record annual earnings with revenues surging by 155% to $2.68 million in 2023 from $1.05 million in 2022. Gross profit margins also improved significantly to 76% from 62% in the same period. Operating loss narrowed to $259,314 in 2023 from $784,238 in 2022, with a net loss of $690,140 compared to $1,194,221 in the prior year. The company's subsidiary completed a major project at Vanderbilt University Medical Center, showcasing expertise and generating interest from other commercial players. DEEP GREEN plans to expand geographically and explore strategic acquisitions to tap into the $109 billion environmental services market.
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DEEP GREEN Waste & Recycling Inc. (DGWR) announces successful completion of a $2 million asbestos removal project, sale of subsidiary for $175,000, up-listing to OTCQB Venture Market, revenue growth of 145% to $902,987 in Q3 2023, and commitment to strategic acquisitions and expansion.
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DEEP GREEN Waste & Recycling Inc. (DGWR) completes the sale of its subsidiary, DG Research Inc, to Amwaste of Georgia, for $175,000. The sale aims to focus on core competencies in environmental safety and expand nationally.
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2.51%
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DEEP GREEN Waste & Recycling Inc. (DGWR) completes a $2 million asbestos removal project at Vanderbilt University Medical Center, marking the largest single abatement project in its history. The project was finished on time, under budget, and is expected to fuel accelerated growth. The company's subsidiary, Lyell Environmental Services, efficiently handled the asbestos removal with strict safety measures. DEEP GREEN's strong financial performance over the past two quarters and its commitment to environmental stewardship position it for continued growth and expansion in the environmental services sector.
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-9.09%
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DEEP GREEN Waste & Recycling, Inc. (DGWR) successfully up-listed from the OTC Pink Sheets to the OTCQB Venture Market, with trading commencing on January 22, 2024. This milestone will provide the company with broader acceptance within the investment banking community and benefit institutional and retail shareholders. The up-listing will also enable DEEP GREEN to raise capital for acquiring private companies and adding new remediation services to its existing capabilities in waste, recycling, and environmental remediation services markets.
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4.62%
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Deep Green Waste & Recycling Inc. (DGWR) reports a 140% increase in revenues and a shift to positive gross margins in its financial results for the third quarter and nine months ended Sept. 30, 2023. The company achieved a quarterly revenue of $902,987 and an operating profit of $327,751, showcasing robust organic growth and recent acquisitions. Despite a net loss of $226,090 due to non-cash derivative liability expenses, the company had an adjusted net income of $227,138 for the three months ended September 30, 2023.
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-64.23%
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DEEP GREEN Waste & Recycling Inc. provides an update on asbestos abatement project at Vanderbilt University Medical Center, with the project being 35% completed. DEEP GREEN also reports strong financial performance and plans for continued growth. Lyell Environmental Services, acquired by DEEP GREEN in 2021, is efficiently executing the project. DEEP GREEN aims to capitalize on the growing demand for eco-friendly solutions.
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DEEP GREEN WASTE INC
OTC:DGWR
DGWR Rankings
DGWR Stock Data
727.21k
2.34M
73.43%
Hosiery and Sock Mills
Manufacturing
United States of America
Saint Simons Island
About DGWR
deep green is a full-service provider of waste & recycling services. we seek to be your one-call provider for anything regarding waste & recycling. we are flexible and will develop a customized program to fit your specific needs. we can bill and service your tenants directly or provide service and consolidated billing to the property manager. we service individual proprietors to large-scale malls to commercial properties and entire portfolios of properties