374Water reports 2022 revenue $3.02M, up 6,169% YoY; net loss widens to $4.7M

374Water Inc.

Revenue for 2022 was $3.02M, up 6,169% from $48.1K in 2021, driven by first AirSCWO system sale.
Net loss of $4.7M ($0.04 per share) compared to $3.2M loss ($0.03/share) in 2021.
Total cash and investments $6M as of Dec 31, 2022, down from $11.1M; current assets $8.7M, current liabilities $1.6M.
First municipal-scale AirSCWO system substantially completed for Orange County Sanitation District; installation expected summer 2023.
Selected by US Navy and Air Force for PFAS destruction projects; MOU with Forever Water Ecuador and partnership in Australia.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

374Water Inc. reported the year ended December 31, 2022 results: revenue $3.02 million, net income $4.7 million, EPS $(0.04) per basic and diluted share.

Period: the year ended December 31, 2022
Revenue: $3.02 million
Net income: $4.7 million
EPS: $(0.04) per basic and diluted share
Result: reported results

Exact text from the filing

Revenue for 2022 was $3.02 million compared to $48,100 in 2021, an increase of 6,169%.

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Source: SEC EDGAR

accession 0001654954-23-003101

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