GWTI
Greenway Technologies, Inc.0.0385
+0.0079+25.8%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
17.57MP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
8-K
10-Q
Q3 FY2025 results
Greenway Technologies posted a net loss of $1.5M for Q3 FY2025 ended September 30, 2025, up from $396K a year earlier, driven by $990K in general and administrative expenses and $364K in research and development—mostly payments to the University of Texas at Arlington for G-Reformer tech advances—while revenue stayed at zero. Year-to-date through nine months, losses hit $3.4M, a 208% jump from $1.1M last year, with operating cash burn at $675K offset by $696K from stock sales that boosted cash to $37K. Total debt lingers around $3.6M, all in default, yet a October 2025 settlement slashed litigation liabilities by about $650K net. Liquidity strains persist. Ongoing founder disputes could still snag progress.
8-K
Lawsuit settlement finalized
Greenway Technologies settled a lawsuit with Ric Halden and related parties on October 30, 2025, issuing 2 million shares and agreeing to $950,000 in cash payments—$50,000 within four months and $900,000 in 12 monthly installments starting August 1, 2026, with up to three payable in stock. Backed by a $1.25 million agreed judgment at 18% and 7.5% interest rates, the deal withdraws a prior $335,234 summary judgment. The company views the net impact as a positive $649,636. Litigation ends cleanly.
10-Q
Q2 FY2025 results
Greenway Technologies posted a Q2 net loss of $1.2M, up from $0.3M last year, driven by $0.7M in general and administrative costs and $0.3M in new research and development on its G-Reformer syngas tech. For the half-year, losses hit $1.9M versus $0.7M prior, with operating expenses tripling on legal fees and consulting while interest held steady at $0.3M. Cash climbed to $0.4M from stock sales netting $0.7M, funding $0.3M in operating outflows, yet total debt lingers at $3.6M across defaulted notes and a $0.2M convertible. Customer deposits swelled to $1.3M, signaling project interest. Ongoing litigation with founders poses a key risk.
8-K
CEO terminated, interim appointed
Greenway Technologies abruptly terminated CEO Robert Kevin Jones on July 9, 2025, effective immediately, though he stays on the board. The board then named Raymond Wright as interim president on July 15, 2025, with no compensation disclosed. This leadership shakeup signals internal shifts, yet Wright's clean ties avoid conflicts. No search for a permanent CEO is mentioned.
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