374Water Q2 revenue falls 95% to $50K; first commercial AirSCWO shipment on track for November

374Water Inc.

Q2 revenue $50,000 vs $1,031,000 a year ago; six-month revenue $851,000 (-35% YoY).
Operating expenses rose 32% in Q2 to $1,774,000 on higher compensation and marketing.
Working capital increased to $17.82M from $7.06M at year-end 2022.
First commercial AirSCWO unit (ANA) to Orange County Sanitation District expected to begin ops Nov 2023.
Formed exclusive partnership with Environmental Group Limited for AirSCWO in Australia & New Zealand.

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 0.95

374Water Inc. reported quarter ended June 30, 2023 results: revenue $50,000.

Period: quarter ended June 30, 2023
Revenue: $50,000
Result: reported results

Exact text from the filing

Revenue for the quarter decreased 95% to $50,000, compared to last year’s quarter of $1,031,000.

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Source: SEC EDGAR

accession 0001654954-23-010334

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