374Water (NasdaqCM:SCWO) Q3 2025 Earnings Call November 12, 2025 04:30 PM ET Speaker4Greetings, and welcome to the 374Water Q3 2025 financial results conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded. At this time, I will hand the call over to Jim Sacardi, Senior Vice President of Investor Relations at 374Water. Please go ahead, sir.Speaker1Thank you, Operator. Before ...

Third Quarter Revenues Increased to $0.8 Million Due to Higher Service Revenues and Expects 2025 Full Year Revenues of Approximately $4 MillionFortified Balance Sheet Including $7.0 Million ATM Facility Extends Cash Runway into Q2 2026 Management to Host Webcast and Conference Call Today at 4:30 p.m. ET DURHAM, N.C., Nov. 12, 2025 (GLOBE NEWSWIRE) -- 374Water Inc. (NASDAQ: SCWO) ("374Water" or the "Company"), a global leader in organic waste destruction technology and services for the industrial, municipal, ...

Initial Waste Destruction Services Deployment in Process Up to 29,000 Gallons Total of AFFF to be Treated by AirSCWO Technology MORRISVILLE, N.C., Nov. 04, 2025 (GLOBE NEWSWIRE) -- 374Water Inc. (NASDAQ: SCWO) (“374Water” or the “Company”), a global leader in organic waste destruction technology for industrial, municipal, and federal markets, today announced it is processing the first phase of its award by the State of North Carolina for its Waste Destruction Services (“WDS”) to destroy Aqueous Film-Forming ...

Core Viewpoint - 374Water Inc. is taking steps to align shareholder interests through new executive leadership, open market stock purchases, and a proposed reverse stock split to support long-term shareholder value and maintain its Nasdaq listing [1][2][3] Financial Position - The company has fortified its balance sheet with approximately $7.0 million in gross proceeds from an at-the-market facility, extending its cash runway into the second quarter of 2026 [1][3] Shareholder Meeting - A Special Meeting of Stockholders is scheduled for December 15, 2025, to seek approval for a reverse stock split at a ratio between 1 for 8 and 1 for 20, which aims to maintain market capitalization while reducing the number of shares outstanding [1][2] Leadership and Governance - New leadership, including the Interim President and CEO Stephen J. Jones, aims to improve communication with shareholders and align interests through a Minimum Equity Ownership Policy for the Board of Directors [2][3] Operational Developments - The company is making significant progress in developing its AirSCWO technology and Waste Destruction Services, which are designed to eliminate hazardous and non-hazardous wastes [4][6]

Core Points - 374Water Inc. has implemented a minimum equity ownership policy for its Board Members to enhance alignment between shareholder and director interests [1][2][3] - Each Board Member is required to purchase a minimum of USD $50,000 worth of shares and maintain that ownership regardless of stock price fluctuations [2] - The policy aims to promote long-term value creation as the company commercializes its AirSCWO technology and focuses on strategic partnerships and capital initiatives [3] Company Overview - 374Water Inc. is a global leader in organic waste destruction technology, providing solutions for wastewater treatment and waste management in industrial, municipal, and federal markets [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 committed to innovative waste treatment solutions, aiming to create a greener future and eliminate harmful pollutants [4]

Core Points - 374Water Inc. has appointed Stephen Jones as the Interim President and CEO, who will provide a strategic business update during a conference call scheduled for November 12, 2025 [1][2] - The company aims to discuss its third-quarter financial results for the period ending September 30, 2025, along with recent executive management changes and a strengthened balance sheet [1][2] Company Overview - 374Water Inc. is a global leader in organic waste destruction technology and services, focusing on municipal, federal, and industrial markets [3] - The company's AirSCWO technology is designed to efficiently destroy and mineralize a wide range of organic wastes, producing safe dischargeable water, mineral effluent, vent gas, and recoverable heat energy [3] - 374Water's solutions help customers meet discharge requirements, reduce disposal costs, and mitigate litigation risks, contributing to a greener future by eradicating harmful pollutants [3]

Core Viewpoint - 374Water Inc. has appointed Stephen J. Jones as Interim President and CEO to lead the company through its next phase of commercialization and project deployments, succeeding Chris Gannon who has stepped down [1][4]. Company Leadership Change - Stephen J. Jones, a current board member, has extensive experience in corporate leadership and environmental services, previously serving as President and CEO of Covanta Holding Corporation [2][4]. - Jones will also oversee the search for a permanent CEO while focusing on the commercialization of the company's super critical water oxidation (SCWO) technology [1][4]. Compensation Details - Mr. Jones has agreed to a nominal base salary of $1.00 and has received stock options to align his incentives with shareholder interests [3]. Strategic Focus - The Board believes this leadership change is timely as the company aims to commercialize its SCWO technology and pursue strategic partnerships related to its Waste Destruction Services (WDS) business model [4]. - Jones expressed confidence in the company's potential for value creation and emphasized the importance of employee dedication in achieving shared success [6]. Upcoming Financial Update - A strategic update and business performance review will be provided during the third quarter results conference call scheduled for November 12, 2025 [1][7].

Core Insights - 374Water Inc. has appointed Jim Siccardi as the new Senior Vice President of Investor Relations, bringing over 20 years of experience in enhancing shareholder value and strategic growth [1][2][3] Company Overview - 374Water Inc. is a global leader in organic waste destruction technology and services, focusing on municipal, federal, and industrial markets [1][6] - 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 [6] Leadership and Strategy - Jim Siccardi's previous experience includes roles at Energy Recovery and Occidental Petroleum, where he successfully transformed investor relations and significantly increased market value [2][3] - The CEO of 374Water, Chris Gannon, expressed confidence in Siccardi's ability to connect with investors and enhance the company's narrative during a pivotal time [3][4] Market Potential - Siccardi highlighted the strong demand for 374Water's products, driven by regulatory changes, particularly regarding Per- and Polyfluoroalkyl Substances (PFAS) [5] - The company aims to improve waste treatment quality and capitalize on the growing need for its innovative solutions in the waste management sector [5][6]

Core Viewpoint - 374Water Inc. is actively participating in multiple investment conferences in September 2025, showcasing its leadership in organic waste destruction technology and services [1][2]. Group 1: Conference Participation - 374Water's President and CEO Chris Gannon and CFO Russell Kline will attend the Lake Street 9th Annual Best Ideas Growth (BIG9) Conference on September 11, 2025, and the H.C. Wainwright 27th Annual Global Investment Conference on September 8-9, 2025 [2][3]. - CFO Russell Kline will present at Gabelli Funds' 3rd PFAS Symposium on September 17, 2025 [2][4]. Group 2: Company Overview - 374Water Inc. is a global leader in industrial technology and services, focusing on innovative solutions for wastewater treatment and waste management in municipal, federal, and industrial markets [5]. - 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 [5].

Core Viewpoint - 374Water Inc. has successfully demonstrated the effectiveness of its AirSCWO technology in destroying toxic PFAS in landfill leachate, achieving non-detectable levels of PFAS in the effluent, which addresses a significant environmental concern [1][6][7]. Company Overview - 374Water Inc. is a global leader in organic waste destruction technology, focusing on municipal, federal, and industrial markets [1][9]. - The company’s AirSCWO technology is designed to efficiently destroy a wide range of organic wastes, producing safe dischargeable water streams and recoverable heat energy [9]. Industry Context - Landfill leachate management has become a pressing issue due to growing concerns over toxins and environmental impacts, with approximately 3,000 active landfills and over 10,000 capped landfills in the U.S. [2][4]. - PFAS contamination in leachate is a significant concern for government agencies, as these substances are found in many everyday products and can leach into the environment [4][5]. Technological Impact - The AirSCWO system consistently achieves over 99.99% destruction of PFAS compounds, providing a breakthrough solution for landfill operators [7]. - The technology allows for the elimination of PFAS at the source, reducing reliance on outdated municipal treatment plants [6][7]. Market Opportunity - 374Water is targeting an $80 million per year addressable market by partnering with landfill operators to improve operational resilience and reduce liabilities [8].