secwatch.observer — SEC 8-K summary
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Issuer:     374Water Inc. (SCWO)
CIK:        0000933972
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001654954-23-014176
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933972/000165495423014176/0001654954-23-014176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933972/000165495423014176/scwo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-014176

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