374Water Inc ( (SCWO) ) has released its Q3 earnings. Here is a breakdown of the information 374Water Inc presented to its investors.
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374Water Inc., a global leader in organic waste destruction technology, operates primarily in the industrial, municipal, and federal markets, offering innovative solutions for wastewater treatment and waste management. In its latest earnings report, 374Water Inc. announced a significant increase in third-quarter revenues to $0.8 million, driven by higher service revenues, and projected full-year 2025 revenues of approximately $4 million. The company also highlighted a fortified balance sheet with a $7.0 million ATM facility extending its cash runway into the second quarter of 2026. Key financial metrics revealed a notable rise in revenues from $81,000 in the prior year to $760,000, primarily due to increased service revenues. However, operating expenses also surged by 64% to $4.6 million, leading to a net loss of $4.3 million for the quarter. Strategic announcements included successful deployments of their AirSCWO technology in various projects and a collaboration agreement with Crystal Clean for PFAS destruction services. Looking ahead, 374Water Inc. remains focused on expanding its waste destruction services and anticipates 2026 revenues to be in the range of $6-8 million, with expectations of achieving additional milestones and announcements in the coming months.