374Water Q1 2023 revenue rises 193% to $801k; working capital nearly doubles

374Water Inc.

Revenue $801k, up 193% YoY from $273k; gross profit increased 222%.
Working capital rose to $14.0M from $7.1M at Dec 31, 2022 via ATM equity issuances.
R&D spend $356k (up from $186k) and compensation $719k (up from $301k) as company scales.
AirSCWO demonstration event attracted over 400 attendees, including 200+ potential customers from 10+ countries.
First commercial unit (Ana) set for deployment in Orange County, CA later in 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

374Water Inc. reported the quarter ended March 31, 2023 results: revenue $801,000.

Period: the quarter ended March 31, 2023
Revenue: $801,000
Result: reported results

Exact text from the filing

Revenue for the quarter ended March 31, 2023 was $801,000, compared to $273,000 for the same period in 2022, an increase of 193%.

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Source: SEC EDGAR

accession 0001654954-23-005947

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