374Water Q1 net loss widens to $3.7M on higher costs; revenue $0.5M

374Water Inc.

2025-Q1 EPS reported -$0.03 vs consensus -$0.02 ▼ miss (-47.1%)

Revenue $0.5M vs $0.3M in prior year; net loss $3.7M vs $2.0M.
Operating expenses $3.9M, up 106% due to stock-based comp, legal fees from litigation settlement, and staffing.
Cash $6.9M at March 31, 2025, down from $10.7M at Dec 31, 2024; working capital $8.7M.
Secured contract with North Carolina to destroy PFAS AFFF: 1,000 gallons initially, potential 29,000 gal phase.
Appointed Raj Melkote CTO, Stephen Jones to board, James Pawloski as advisor and nominee for director.

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