374Water FY2024 revenue $0.4M, net loss $12.4M; wins NC AFFF contract, deploys AirSCWO units

374Water Inc.

Revenue fell to $0.4M from $0.7M; net loss widened to $12.4M from $8.1M.
Operating expenses up 59% to $11.9M on professional fees, G&A, and R&D.
Cash at Dec 31, 2024: $10.7M; closed $12.2M registered direct offering.
Awarded NC contract to destroy 1,000 gal AFFF (potential expansion to 28,000 gal).
Appointed Russell Kline CFO and Raj Melkote CTO; second AS6 unit planned for Orange County, CA.

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