374Water (US:SCWO)2025-05-15 20:32Business Overview - 374Water operates in a global addressable market exceeding $450 billion[8], driven by increasing regulatory demands from the EPA regarding drinking water and industrial emissions[8] - The company's AirSCWO (AS) systems are designed to handle both non-hazardous and hazardous organic wastes, producing safe water, mineral effluents, vent gas, and recoverable heat energy[8] - 374Water anticipates a potential revenue stream of $250 million to $500 million within 5+ years[8, 22] Operational Highlights - A Waste Destruction Services term sheet was signed with a leading environmental and waste management solutions provider for operations at a RCRA TSDF in the second half of 2025[9] - Demonstrations of the AirSCWO technology have shown waste destruction results at or above 99.99% across various organic waste streams[9] Financial Performance - First quarter 2025 revenue reached $0.5 million, compared to $0.3 million in the same period of 2024[24] - Gross profit for the first quarter of 2025 was $0.1 million, a significant improvement from a gross loss of $0.3 million in the first quarter of 2024[24] - Cash and cash equivalents stood at $6.9 million as of March 31, 2025, down from $10.7 million at the end of 2024[24] Future Projections - 2025 revenue is projected to be in the range of $4 million to $6 million[22], derived from a mix of contracted and highly probable future signed contracts[23]