374Water Q3 revenue down 99% YoY to $12k; working capital $16.3M; appoints new COO

374Water Inc.

Q3 2023 revenue $12,000 vs $923,000 in Q3 2022 (down 99%); 9-month revenue $864,000 vs $2.226M (down 61%).
Working capital $16.278M at Sep 30, 2023 vs $7.061M at Dec 31, 2022; total operating expenses $1.716M for Q3 vs $1.023M.
Brad Meyers appointed COO effective Nov 6, 2023; granted options for 400,000 shares at $1.42 strike, vesting over 3 years.
First AirSCWO 6 deployment to Orange County Sanitation District delayed to early 2024; FAT completed for dewatering skid.
Received LCCMR funding for PFAS study; Genesis unit deployment anticipated in 2024.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Brad I. Meyers

Chief Operating Officer

SCWO · 374Water Inc.

Effective: 2023-11-06
Filed: November 13, 2023, 6:59 PM ET

Effective as of November 6, 2023, the Company appointed Brad I. Meyers as its Chief Operating Officer (“ COO ”).

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

374Water Inc. reported quarter ended September 30, 2023 results: revenue $12,000.

Period: quarter ended September 30, 2023
Revenue: $12,000
Result: reported results

Exact text from the filing

Revenue for the quarter decreased 99% to $12,000, compared to last year's quarter of $923,000.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Brad I. Meyers was appointed as Chief Operating Officer at 374Water Inc..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

Effective as of November 6, 2023, the Company appointed Brad I. Meyers as its Chief Operating Officer (“ COO ”).

View on SEC.gov

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374Water Inc. filing history →

Source: SEC EDGAR

accession 0001654954-23-014176

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