secwatch.observer — SEC 8-K summary
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Issuer:     374Water Inc. (SCWO)
CIK:        0000933972
Form:       8-K
Filed at:   2023-03-17T23:59:59+00:00
Accession:  0001654954-23-003101
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933972/000165495423003101/0001654954-23-003101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933972/000165495423003101/scwo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-003101

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer