Revenue and Expenses - Revenue for the year ended December 31, 2024, was $445,445, a decrease of 40% compared to $743,952 in 2023[261] - Cost of revenues decreased by 27% to $1,358,152 in 2024 from $1,852,208 in 2023[261] - Research and development expenses increased by 43% to $2,143,471 in 2024 from $1,496,129 in 2023[262] - Total operating expenses rose by 58% to $11,890,551 in 2024 compared to $7,534,620 in 2023[262] - Net loss for the year ended December 31, 2024, was $12,434,114, representing a 53% increase from a net loss of $8,103,522 in 2023[262] - Compensation and related expenses increased to $3,685,007 in 2024, up from $2,854,494 in 2023, primarily due to increased hiring and salary increases[265] - Professional fees rose to $2,231,005 in 2024, compared to $508,795 in 2023, mainly due to legal fees related to a settlement and executive search services[266] - General and administrative expenses increased to $3,831,068 in 2024, up from $2,675,202 in 2023, driven by stock-based compensation and relocation expenses[267] - Net loss increased to $12,434,114 in 2024, compared to $8,103,522 in 2023, attributed to higher expenses[269] Assets and Liabilities - The company capitalized $136,651 of costs incurred to fulfill the Demo contract as contract assets as of December 31, 2024[250] - An inventory allowance of $50,000 was estimated as of December 31, 2024, compared to $0 in 2023[240] - The company accrued a total accrued loss provision of $1,000,000 for the Equipment Sale Contract as of December 31, 2024, up from $500,000 in 2023[253] - Working capital decreased to $11,760,131 as of December 31, 2024, from $13,528,176 in 2023, primarily due to lower proceeds from equity offerings[273] Cash Flow - Cash used in operating activities was $(10,589,735) in 2024, an increase of $1,554,748 from $(9,034,987) in 2023[278] - Cash provided by financing activities was $11,449,519 in 2024, a decrease of $2,129,419 compared to 2023[280] - Cash on hand as of December 31, 2024, was $10,651,644, reflecting a 2% increase from $10,445,404 in 2023[278] - The company completed a registered direct offering in November 2024, raising gross proceeds of $12.2 million[272] - Cash used by investing activities was $(653,544) in 2024, a significant decrease from cash provided of $1,851,717 in 2023, primarily due to increased purchases of property and equipment[279] Future Plans - The company expects to complete its commercial-scale demonstration under the contract with the City of Orlando in 2025[260] - The company plans to deploy an AirSCWO system to multiple locations, including Detroit, MI, and Orange County, CA, in 2025[260]

Awarded Aqueous Film-Forming Foam Waste Destruction Services Contract for the State of North Carolina DURHAM, NC – March 27, 2025 - 374Water Inc. (NASDAQ: SCWO) ("374Water") (the "Company"), a global leader in waste destruction technology for the municipal, federal, and industrial markets, today reported its financial and operational results for the fourth quarter and full year ended December 31, 2024. EX-99.1 2 scwo_ex991.htm PRESS RELEASE EXHIBIT 99.1 374Water Reports Fourth Quarter and Full Year 2024 Fin ...

Second AirSCWO Deploying to Orange County, CA in 2025, Multiple Additional Deployments Scheduled throughout 2025 to Showcase AirSCWO Successful Demonstrations in Collaboration with Municipal and Federal Government Agencies, Prime Contractors, and Industry Awarded Aqueous Film-Forming Foam Waste Destruction Services Contract for the State of North Carolina DURHAM, N.C., March 27, 2025 (GLOBE NEWSWIRE) -- 374Water Inc. (NASDAQ: SCWO) ("374Water") (the "Company"), a global leader in waste destruction technolog ...

Core Viewpoint - 374Water Inc. has been awarded a contract by the State of North Carolina for the destruction of Aqueous Film-Forming Foam (AFFF), marking a significant step in addressing PFAS contamination [2][3][4] Group 1: Contract and Initiative Details - The North Carolina initiative aims to destroy a total of 60,000 gallons of AFFF, with 374Water initially set to treat 1,000 gallons in the first phase [3] - If selected for the second phase, 374Water could treat an additional 28,000 gallons of AFFF, demonstrating a commitment to large-scale environmental remediation [3][4] - This initiative is part of North Carolina's Responsible Firefighting Foam Management Act (H370) [3] Group 2: Technology and Efficiency - 374Water's AirSCWO technology has shown over 99.99% efficiency in the destruction and removal of PFAS [4] - The company specializes in organic waste destruction, including concentrated PFAS waste streams, and aims to provide innovative solutions to environmental challenges [5][7] Group 3: Company Background and Vision - 374Water is a global cleantech company focused on wastewater treatment and waste management within municipal, federal, and industrial markets [7] - The company emphasizes its role as a leader in sustainable waste destruction and aims to set new standards for responsible waste management [5][7]

DURHAM, N.C., March 26, 2025 (GLOBE NEWSWIRE) -- 374Water Inc. (NASDAQ: SCWO) ("374Water") (the "Company"), a global leader in waste destruction technology for the municipal, federal, and industrial markets, today announced that it will participate in the Gabelli Funds' 11th Annual Waste, Recycling & Environmental Services Symposium taking Place Thursday, April 3rd, 2025, at The Harvard Club, New York City. This timely conference will feature presentations by senior management of leading companies, with an ...

Company Overview - 374Water Inc. is a global leader in waste destruction technology, focusing on municipal, federal, and industrial markets [1][7] - The company provides innovative solutions for wastewater treatment and waste management, utilizing its AirSCWO technology to efficiently destroy and mineralize organic wastes [7] Upcoming Event - 374Water will participate in the Gabelli Funds' 11th Annual Waste, Recycling & Environmental Services Symposium on April 3, 2025, at The Harvard Club, New York City [1] - The event will feature presentations by senior management, emphasizing industry dynamics, new technologies, and company fundamentals [1] Management Engagement - Management is scheduled for a Fireside Chat and will host one-on-one meetings with institutional investors during the event [2] - In-person meetings will also be available on April 2 and April 5, 2025, in New York [4] Technology and Market Position - 374Water's AirSCWO technology helps customers meet discharge requirements, reduce disposal costs, and mitigate litigation risks [7] - The company is dedicated to creating a greener future by eradicating harmful pollutants [7]

DURHAM, N.C., March 20, 2025 (GLOBE NEWSWIRE) -- 374Water Inc. (NASDAQ: SCWO) ("374Water") (the "Company"), a global leader in waste destruction technology for the municipal, federal, and industrial markets, today announced that it will report financial results for the fourth quarter and full year ended December 31, 2024, after market close on Thursday, March 27, 2025. Following this, the Company will hold a conference call at 4:30 p.m. Eastern time to discuss its results for the fourth quarter and full yea ...

Results Underscore the Robustness of AirSCWO Technology in Eliminating PFAS and Transforming Complex Waste Streams DURHAM, N.C., March 18, 2025 (GLOBE NEWSWIRE) -- 374Water Inc. (NASDAQ: SCWO) ("374Water") (the "Company"), a global leader in waste destruction technology for the municipal, federal, and industrial markets, today announced the successful treatment and destruction of Light Non-Aqueous Phase Liquid (LNAPL) impacted with Per- and Polyfluoroalkyl Substances (PFAS) using the Company's proprietary A ...

Core Insights - 374Water Inc. has appointed Raj Melkote as the new Chief Technology Officer, bringing over 30 years of experience in R&D and engineering [1][2][3] - Melkote's expertise includes product commercialization, new product development, and process improvements in high-volume manufacturing environments [2][3] - The company aims to accelerate the development of its AirSCWO technology to address global wastewater treatment and waste management challenges [3][4] Company Overview - 374Water Inc. is a global leader in waste destruction technology, focusing on municipal, federal, and industrial markets [1][4] - The company's AirSCWO technology efficiently destroys and mineralizes a wide range of organic wastes, producing safe dischargeable water, mineral effluent, vent gas, and recoverable heat energy [4] - 374Water is dedicated to innovative waste treatment solutions, aiming to create a greener future and eliminate harmful pollutants [4]

Core Insights - 374Water Inc. has demonstrated its AirSCWO technology's capability to achieve 99.9999% destruction of PFAS in AFFF, positioning it as a scalable solution for waste management [1][3] - The article published in the NGWA Journals highlights the challenges of treating AFFF and emphasizes the need for effective destruction technologies [1][2] Company Overview - 374Water Inc. is a global leader in waste destruction technology, focusing on municipal, federal, and industrial markets [1][4] - The company's AirSCWO technology is designed to efficiently destroy a wide range of organic wastes, producing safe dischargeable water, mineral effluent, and recoverable heat energy [4][5] Industry Context - AFFF is widely used in firefighting across various sectors but contains PFAS, which are persistent environmental pollutants posing health risks [2] - Regulatory bodies like the U.S. Department of Defense and the European Union are enforcing stricter regulations, including a transition to fluorine-free foams by 2024 [2] Market Opportunity - The significant challenges associated with AFFF waste management present a growth opportunity for 374Water to expand its services [3] - The demand for sustainable and cost-effective waste destruction solutions is increasing, particularly in the U.S. DoD and civil aviation sectors [3]