---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-003956"
form_type: "8-K"
ticker: "SCWO"
cik: "0000933972"
company_name: "374Water Inc."
filed_at: "2024-03-29T23:59:59+00:00"
generated_at: "2026-06-04T05:39:05.893410+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-24-003956
- form_type: 8-K
- ticker: SCWO
- cik: 0000933972
- company_name: 374Water Inc.
- filed_at: 2024-03-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/933972/000165495424003956/0001654954-24-003956-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/933972/000165495424003956/scwo_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-003956
- JSON: https://secwatch.observer/filing/0001654954-24-003956.json
- Plain text: https://secwatch.observer/filing/0001654954-24-003956.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/933972/000165495424003956/0001654954-24-003956-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.