374Water FY2023 revenue falls 75% to $744K; operating expenses rise to $7.5M

374Water Inc.

Revenue of $744K for FY2023, down 75% from $3.02M in FY2022, as focus shifted to deployment of sold unit and customer relationships.
Total operating expenses increased 48% to $7.5M due to higher compensation and G&A, including workforce growth and marketing.
Working capital at Dec 31, 2023 was $13.5M, up from $7.1M YoY, providing sufficient capital for operations.
New contract with City of Orlando for AirSCWO 6 deployment at Iron Bridge facility: 400 metric tons sludge/month, $812K fee, expected H2 2024.
Collaboration with DIU, Arcadis, Clean Earth to advance PFAS remediation for defense sites; Orange County Sanitation deployment still expected H1 2024.

item 2.02 item 8.01 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 fourth quarter and year ended December 31, 2023 results: revenue $744,000.

Period: the fourth quarter and year ended December 31, 2023
Revenue: $744,000
Result: reported results

Exact text from the filing

For the twelve month period ended December 31, 2023, the Company generated revenue of $744,000 which compares to $3,016,000 for the twelve months ending December 31, 2022, a 75% decrease.

View on SEC.gov

1362 earnings releases filed in the last 30 days. Browse all earnings releases →

374Water Inc. filing history →

Source: SEC EDGAR

accession 0001654954-24-003956

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.