374Water (US:SCWO) Globenewswire·2025-11-12 21:01Core Insights - 374Water Inc. reported a significant increase in third-quarter revenues to $0.8 million, driven by higher service revenues, and projects full-year revenues for 2025 to be approximately $4 million [1][13] - The company has strengthened its balance sheet with a $7.0 million at-the-market facility, extending its cash runway into Q2 2026 [5][13] - The management is focused on the successful commercialization of its Super Critical Water Oxidation (SCWO) technology, particularly for PFAS waste destruction [2][6] Financial Performance - For Q3 2025, total revenue was $760,000, a substantial increase from $81,000 in the same period last year, primarily due to a $643,000 rise in service revenues [7][13] - Operating expenses rose by 64% to $4.6 million, attributed to expanded operations, including increased compensation and research and development costs [7][8] - The net loss for Q3 2025 was $4.3 million, compared to $2.7 million in the prior year, reflecting ongoing investments in commercialization and operational costs [13][17] Operational Highlights - The company completed a commercial-scale waste destruction project for the Department of Defense, successfully destroying PFAS waste streams [2][3] - A collaboration agreement was signed with Crystal Clean to enhance waste destruction services, aiming to scale operations across North America [3] - Recent orders include a deployment of the AirSCWO 6 system for the City of Olathe, KS, to assess its potential as a sustainable alternative for sludge management [4] Future Outlook - The company anticipates 2026 revenues to be in the range of $6-8 million, driven by ongoing project deployments and a growing pipeline of opportunities [6] - Management is optimistic about achieving additional milestones and announcements in the coming months [6]