Earnings summaries and quarterly performance for 374Water.
Executive leadership at 374Water.
Board of directors at 374Water.
Research analysts who have asked questions during 374Water earnings calls.
MM
Michael Mathison
Sidoti & Company, LLC
2 questions for SCWO
Also covers: ALEX, ARLP, GNK +3 more
Rob Brown
Lake Street Capital Markets
2 questions for SCWO
Also covers: AGX, APLD, BLDP +13 more
JG
Jeffrey Grampp
Alliance Global Partners
1 question for SCWO
Also covers: AMPX, AMPY, DTI +8 more
Justin Smith
Bernstein
1 question for SCWO
Also covers: AZN, GSK
MM
Michael Matheson
Sidoti & Company
1 question for SCWO
Also covers: ARLP, PANL
Recent press releases and 8-K filings for SCWO.
374Water Announces Board Leadership Changes, Reverse Stock Split Approval, and Insider Stock Purchases
SCWO
Board Change
Management Change
Delisting/Listing Issues
- Stephen J. Jones has been appointed Chairperson of the Board of Directors, replacing Rene Estes, and James Pawlowski was named Lead Independent Director.
- Stockholders approved a 1-for-10 reverse stock split, which the Board of Directors subsequently approved to maintain Nasdaq listing compliance and S-3 shelf eligibility; it will take effect on December 26, 2025.
- Interim President and CEO Stephen J. Jones completed an open market purchase of 450,000 shares of 374Water common stock, with other management members also making purchases.
Dec 18, 2025, 1:31 PM
374Water Reports Q3 2025 Results and Provides 2026 Revenue Guidance
SCWO
Earnings
Guidance Update
Delisting/Listing Issues
- 374Water (SCWO) reported Q3 2025 revenue of $760,000, a significant increase from $81,000 in the prior year, primarily driven by waste destruction services. The company also reported a net loss of $4.3 million for the quarter.
- The company projects $4 million in revenue for fiscal year 2025 and anticipates 2026 revenue to be in the range of $6 million to $8 million, representing a 50%-100% increase over 2025 expectations.
- To strengthen its balance sheet, 374Water secured approximately $7 million in gross proceeds from its at-the-market (ATM) facility, extending its cash runway into Q2 2026.
- The company is pursuing a reverse stock split to address NASDAQ listing compliance issues, with a special shareholder meeting scheduled for December 15, 2025, to approve the necessary amendments.
- Key projects include processing AFFF for North Carolina and the upcoming deployment of the AirSCWO-6 system to the Orange County Sanitation District (OCSAN) in late Q4 2025 or early Q1 2026. The company aims to become cash flow positive in the 2027 timeframe.
Nov 12, 2025, 9:30 PM
374Water Inc. Reports Q3 2025 Operational Progress and Provides 2026 Revenue Projection
SCWO
Earnings
Guidance Update
Management Change
New Projects/Investments
- 374Water Inc. reported significant operational progress in Q3 2025, including preparing for AirSCWO system deployment to Orange County Sanitation in late Q4 2025 or early Q1 2026, and beginning the first phase of a Waste Destruction Services award from the State of North Carolina. The company also announced a WDS collaboration agreement focused on PFAS eradication with Crystal Clean.
- The company fortified its balance sheet with a new at-the-market facility, which resulted in gross proceeds of approximately $7.0 million, extending its cash runway into the second quarter of 2026.
- 374Water projects its 2026 revenue to be in the $6-8 million range, a substantial increase from the projected $4 million for 2025 and $0.4 million for 2024.
- Stephen J. Jones was appointed Interim President and Chief Executive Officer, and Jim Siccardi was appointed Senior Vice President of Investor Relations.
Nov 12, 2025, 9:30 PM
374Water Inc. Reports Q3 2025 Financial Results and Provides 2025/2026 Revenue Guidance
SCWO
Earnings
Guidance Update
New Projects/Investments
- 374Water Inc. reported Q3 2025 revenue of $0.8 million, a substantial increase from $81,000 in the prior year, primarily driven by higher service revenues.
- The company projects full-year 2025 revenues of approximately $4 million and anticipates 2026 revenue to be in the $6-8 million range.
- The net loss for Q3 2025 was $4.3 million , and as of September 30, 2025, cash and cash equivalents were $0.9 million. The company extended its cash runway into Q2 2026 by raising $7.0 million through an at-the-market facility.
- Operational highlights include completing a commercial-scale waste destruction project for the Department of Defense, signing a waste destruction services collaboration with Crystal Clean, and securing an order from the City of Olathe, KS for an AirSCWO 6 system.
Nov 12, 2025, 9:13 PM
374Water Reports Q3 2025 Financial Results and Provides Revenue Guidance
SCWO
Earnings
Guidance Update
New Projects/Investments
- 374Water reported third-quarter 2025 revenue of $760,000, a significant increase from the prior year, and a net loss of $4.3 million for the quarter.
- The company projects full-year 2025 revenue of approximately $4 million and anticipates 2026 revenue to be in the $6-8 million range.
- A $7.0 million at-the-market facility has fortified the balance sheet, extending the cash runway into Q2 2026.
- Key operational advancements include completing a commercial-scale waste destruction project for the Department of Defense, deploying AirSCWO technology for PFAS destruction with the Colorado School of Mines, and securing an order from the City of Olathe, KS.
Nov 12, 2025, 9:01 PM
374Water Commences North Carolina AFFF Destruction Contract
SCWO
New Projects/Investments
Product Launch
- 374Water Inc. (SCWO) has commenced the first phase of its Waste Destruction Services (WDS) award from the State of North Carolina to destroy Aqueous Film-Forming Foam (AFFF) utilizing its AirSCWO technology.
- The initial phase involves treating 1,000 gallons of AFFF for the University of North Carolina (UNC) at Chapel Hill Collaboratory.
- If selected for a second phase, 374Water could treat up to an additional 28,000 gallons of AFFF, contributing to North Carolina's overall 60,000-gallon AFFF destruction initiative.
- This contract marks 374Water's first-ever Waste Destruction Services deployment, validating its WDS model and ability to bring it to market.
Nov 4, 2025, 1:31 PM
374Water Seeks Approval for Reverse Stock Split
SCWO
Delisting/Listing Issues
Management Change
Proxy Vote Outcomes
- 374Water is seeking stockholder approval for a reverse stock split at a ratio between 1 for 8 and 1 for 20 at a Special Meeting on December 15, 2025, with the aim of maintaining its Nasdaq listing and attracting institutional investors. If approved, the common stock is expected to trade on a split-adjusted basis by December 26, 2025.
- The company has fortified its balance sheet with approximately $7.0 million in gross proceeds from an at-the-market (ATM) facility, extending its cash runway into the second quarter of 2026.
- New executive leadership, including Interim President and CEO Stephen J. Jones, open market stock purchases by insiders, and a Minimum Equity Ownership Policy for the Board have been implemented to align shareholder interests.
Oct 24, 2025, 9:38 PM
374Water Appoints Stephen J. Jones as Interim President and CEO
SCWO
CEO Change
Management Change
Executive Compensation
- 374Water Inc. (SCWO) appointed current board member Stephen J. Jones as its Interim President and Chief Executive Officer, effective October 8, 2025, succeeding Chris Gannon.
- Mr. Jones, who joined 374Water's Board in June 2025, previously served as President and CEO of Covanta Holding Corporation and will lead the company's commercialization efforts and the search for a permanent CEO.
- His compensation for the interim role includes a base salary of $1.00 and a stock option grant.
- Mr. Jones is scheduled to provide a strategic update during the third quarter results conference call on November 12, 2025.
Oct 8, 2025, 8:01 PM
374Water Provides Waste Destruction Services and AirSCWO Deployment Updates
SCWO
New Projects/Investments
Product Launch
Guidance Update
- 374Water is expanding its business model to include Waste Destruction Services (WDS), leveraging its AirSCWO technology to eliminate PFAS, hazardous, and non-hazardous wastes, and is actively bidding on tens of millions of dollars in WDS contracts. The company intends to establish multiple WDS operations in the United States over the next 12 to 18 months.
- The WDS business model offers flexible access, pay-as-you-go service, and a scalable platform, with each AirSCWO unit designed to process 1-30 wet tons per day. The potential annual revenue unit economics for different AS units are as follows :
| Metric | AS 1 | AS 6 | AS 30 |
|---|---|---|---|
| Revenue ($USD) | $2M+ | $3M - $5M | $12M - $20M |
- The deployment of 374Water's AirSCWO 6 system to the Orange County Sanitation District (OC San), previously scheduled for late September 2025, has been postponed due to mutually agreed-upon technology and infrastructure upgrades, supply chain delays, and delays in receiving required permits. The company now hopes to ship the system in Q4 2025, aiming for a late Q4 2025 or early Q1 2026 start-up.
Sep 29, 2025, 12:31 PM
374Water Insiders Announce Open-Market Stock Purchases
SCWO
- 374Water Inc. announced recent open-market stock purchases by Company insiders, including Board members and senior management.
- These purchases underscore the Company's confidence in its vision and the significant opportunities for its AirSCWO ("AS") technology.
- Management believes there is a significant disconnect between the current stock price and the value the Company can deliver, and these purchases align them with all shareholders.
Sep 3, 2025, 8:20 PM
Quarterly earnings call transcripts for 374Water.
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