secwatch.observer — SEC 8-K summary
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Issuer:     374Water Inc. (SCWO)
CIK:        0000933972
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001654954-23-005947
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933972/000165495423005947/0001654954-23-005947-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933972/000165495423005947/scwo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-005947

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