Stephen Jones
On April 13, 2025, 374Water Inc. (the “Company”) appointed Stephen Jones to the Company’s Board of Directors, effective April 14, 2025.
Highest-materiality recent filing
374Water Q1 revenue flat at $551K; gross margin jumps to 63% from 25% YoY; advances key contracts
Revenue $551,155 (flat YoY); gross margin 63% vs 25% – 38 percentage point improvement.
374Water releases new investor presentation, highlights $450B+ market and strategic partnerships
CEO Danny Bogar appointed Feb 2026; new independent directors added to board.
374Water FY2025 revenue $0.2M, net loss $21.0M; CEO outlines turnaround
Revenue fell to $0.2M from $0.4M; net loss widened to $21.0M from $12.4M.
374Water receives Orlando license for waste destruction; OC San project delayed to 2026
Approved 5-year license with City of Orlando for Waste Destruction Services at Iron Bridge facility.
374Water appoints Danny Bogar as permanent CEO, adds three new board members
Danny Bogar appointed President and CEO effective Feb 23, 2026; base salary $225K/yr plus $50K signing bonus.
374Water appoints Stephen McKnight to board; audit committee falls below Nasdaq requirement
Director James Vanderhider resigned Feb 4, 2026 effective immediately; not due to disagreement.
Deanna Rene Estes to resign as director after certification of reverse stock split approval at Dec 15 special meeting.
374Water Q3 revenues up to $0.8M; net loss widens to $4.3M; FY25 revenue ~$4M guided
Q3 2025 revenue of $760K vs $81K YoY, driven by service revenue (+$643K) and equipment sale ($36K).
374Water CEO Christian Gannon steps down; director Stephen Jones named Interim CEO
Christian Gannon stepped down as President and CEO effective Oct 8, 2025; separation details to be filed via 8-K/A.
374Water Q2 rev $600k, net loss $4.6M; PFAS destruction milestones
Revenue $600k vs $37k YoY; net loss widened to $4.6M from $2.9M.
374Water granted 180-day Nasdaq extension until Jan 12, 2026 to meet $1.00 bid price
Company received Nasdaq deficiency notice Jan 15, 2025 for bid price below $1.00 for 30 consecutive days.
374Water Q1 net loss widens to $3.7M on higher costs; revenue $0.5M
Revenue $0.5M vs $0.3M in prior year; net loss $3.7M vs $2.0M.
374Water fails Nasdaq independent director rule; cure period until March 9, 2026
Company notified Nasdaq on March 13, 2025 it lacks a majority of independent directors per Listing Rule 5605(b)(1).
374Water receives Nasdaq deficiency notice for bid price below $1; has until July 14, 2025 to comply
Received Nasdaq deficiency letter on Jan 15, 2025 for bid price below $1 for 30 consecutive days.
374Water Q3 revenue up 575% to $81k; AirSCWO operational in Orlando; plans stock offering
Q3 2024 revenue $81k (up 575% YoY); nine-month revenue $434k (down 50% YoY).
374Water Q2 revenue falls 26% YoY to $37k; appoints Peter Mandel as General Counsel
Q2 2024 revenue of $37k, down 26% from $50k in Q2 2023; six-month revenue $352k, down 59% from $851k.
374Water white paper shows >99.999% destruction of PFAS in Li-ion battery waste
AirSCWO technology destroyed >99.999% of HQ-115 PFAS additive, reducing from 1B ppt to 34 ppt.
374Water AirSCWO destroys >99.9% of pharma waste in demo; beats incineration
AirSCWO destroyed >99.9% of halogenated solvents and organic wastes in pharmaceutical wastewater demo for a major manufacturer.
374Water to deploy AirSCWO at City of Orlando's Iron Bridge facility for 7-month demo
Orlando treats 45M gallons wastewater daily, produces 300 wet tons Class B biosolids daily.
374Water Q1 revenue down 61% to $315k; new CEO outlines strategic plan
Revenue $315k vs $801k YoY (-61%); operating expenses $1.9M vs $1.8M.
374Water appoints Chris Gannon as CEO; base salary $450K, equity awards of 7.5M shares
Effective April 22, 2024; Gannon receives $450K annual salary with target bonus of 125% of base.
374Water FY2023 revenue falls 75% to $744K; operating expenses rise to $7.5M
Revenue of $744K for FY2023, down 75% from $3.02M in FY2022, as focus shifted to deployment of sold unit and customer relationships.
On April 13, 2025, 374Water Inc. (the “Company”) appointed Stephen Jones to the Company’s Board of Directors, effective April 14, 2025.
appointment of Christian Gannon, age 52, as President and Chief Executive Officer of the Company effective April 22, 2024
Jeffrey Quick will cease to be the interim Chief Executive Officer of the Company on that date.
On April 19 2024, 374Water Inc. (the “ Company ”) entered into an employment agreement with Christian Gannon (the “ Employment Agreement ”), for Mr. Gannon to serve as President and Chief Executive Officer of the Company effective April 22, 2024 (the “ Start Date ”).
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